Here is something I didn’t know – I had no idea that betting agencies presented their information in such a fashion.
The image below represents the collapse in betting around Tiger Woods to win the US Open – hell of a short trade if such things are at all possible.
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Betfair is actually similar to a CFD provider in terms of how it operates, and you can ‘trade’ these markets by backing and laying (same as buying and selling). I personally cannot see why the same trading principles would not apply. After all, it is just another market driven by human emotions/sentiment.
There is a difference though. Markets are completely driven by sentiment but in betting the final price is driven by an external input – who wins
I do agree with you though in many ways. Last summer I was mentally placing bets on the test matches because the prices seemed to swing quite a bit each session. I was thinking that “this is day trading that isn’t boring!”