Betdaq’s PR Director Russ Wiseman looks back at a busy week on the exchange…
The explosive growth of betting exchanges over the past couple of years has provided a whole host of benefits to punters and has made the challenging task of earning a profit that much more attainable.
At the core of this revolution in betting is the ability to “lay” or oppose the specific outcome of an event.
This, combined with the opportunity to trade out of positions and take profits before the final whistle is blown or the winning line has been crossed, means that punters have never been more heavily armed.
This was illustrated perfectly at Betdaq over the past week, specifically in the outcome of the first Test at Lord’s between England and South Africa.
The opinion of most pundits prior to a ball being bowled on the first day, was that the docile nature of the pitch at cricket’s HQ would lead to a fairly negative stalemate and while that ended up coming to fruition, it did not stop numerous England backers on the ‘Daq’ making good money on the game.
A piece of trading from one Betdaq client showed what can be done by paying close attention to the state of a a game and how it is likely to develop over the course of five days.
An initial matched bet of £1000 on England at 3/1 matured into a decent position with nearly 600 on the board and South Africa desperately struggling in their first innings.
Indeed, when Dale Steyn was dismissed with the Proteas’ score on 247, England were trading at 1/2 on Betdaq.
This is when the same client stepped back in to “lay” or oppose England for £2,000. The result of these trades was that an England win produced a profit of £1,000, the draw produced a profit of £1000 and the always unlikely prospect of a South African victory a loss of £3,000.
A perfect piece of almost risk-free trading and a tremendous example of how betting exchanges can alter your entire perspective when punting on a given event.
Elsewhere in this issue of The Punter, The Sports Trader offers his expert thoughts on the Second Test at Headingley. This, along with The Open
Championship at Birkdale, gives punters the perfect trading vehicles to back and ‘lay’ on a variety of outcomes and players.
Next week, we will take a good look at the very best pieces of trading on both of the big events at Betdaq, and analyse some of the shrewd moves made by exchange players.