E47 - The Evolution of Trading
Business of Betting Podcast
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The Structure of the Betfair Market
I just assumed that if you win any decent sum of money that would be a problem and as a consequence I felt that probably my career was limited from that perspective. But in fact the market grew much bigger and wider than I ever imagined. It used to be the bookmakers drove the exchange market but now it's really more the exchange market drives the bookmakers. There's an interesting mix up of many different types of activity within the market nowadays so your role as a trader really is to see how that activity is influencing where the price is likely to go.
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