Points were made about Betfair crashing in the middle of the football trades last night and in my opinion is indeed an ongoing issue that Betfair need to deal with as this has been going on intermittently for a few weeks now with people getting jammed in trades so keep your Betfair hotline ready at the very least is my advice. With this service and my trading in general I tend to get out of any position that is giving me a half decent profit regardless and maybe I don’t always get the full value and could be viewed by traders in general as being impatient. I am much more inclined now to use the more money for less movement strategy and is a method I feel very comfortable and happy using but as a result of this I rarely push the envelope and rarely lose out on trades and could be argued that over the longer term my particular strategy may even make more profit whilst at the same time maintaining a lower overall exposure to risk.
Could be a good idea to get a backup account on Betdaq or another exchange just in case Betfair crashes during live trades. Maintain a balance in each one just in case.
In response to getting out of trades earlier, there is nothing wrong in taking 30-40% of your initial lay instead of the target 50% which is most of Badgertrades. The service is good, but i feel that you can still make decent profit by taking slightly less than the target.
Hi Paul and thanks for your useful comments.. Keeping a Betdaq or similar account is of course an excellent idea should you get any problems using the Betfair site as long as you keep some money in is a good backup to negate or even continue the trade. I don’t always tend to wait for another event to occur before I get out at the ideal price as you say with badger this is generally 50% and profit is profit at the end of the day but if we can achieve an easier return for less exposure and less losing trades then each to his own..