Jim Makos Blog

In recent years the popularity of football trading on Betfair has soared massively. The sport of horse racing used to account for the majority of turnover on Betfair but this has now been surpassed by football which is not that surprising considering it is the world’s most popular sport. If you are interested in trading [...]

Back when I traded the odds of horse racing markets in Betfair, a mistake of mine instead of costing me money actually won EUR800! Unfortunately I don’t have the screenshot of that event, but I feel it was just yesterday that happened. I had been trading the odds of the next race’ favorite horse, when [...]

I often receive emails questioning why I have given up trading the horse racing markets at Betfair and whether a trader can make money nowadays trading fixed odds of the favorite horse. The fact that I cannot make it pay anymore doesn’t mean other traders are unsuccessful as well. It means my trading strategy, which [...]

Today in Wolverhampton Racecourse I traded “Tugalu” horse and made EUR53. The odds didn’t drift nor steam but rather hovered around 4.50. Yet, there were some nice scalping opportunities which could be exploited in order to make money before the horse race even went off! Here’s the video capture of my trading moves made with [...]

Centaur Academy have a few spaces left on their Advanced Football Trading course and Advance Horse Racing course over the next few weeks, which you can try yourselves for £99 discounted of the normal price of £249, by mentioning my nickname (Jimmakos) when booking. Either course needs to be booked by contacting them personally by [...]

I opened an Interactive Brokers account last week and plan to use them for stock and forex trading. That was a big step I had in my mind since 2005, when I was online trading in the Betfair markets. I have done a huge research on Forex brokers and decided to go with what seems [...]

I was professionally trading the Betfair betting markets some years ago and my technique was towards scalping, so reading about an interview of a stock scalp trader sounded interesting. However I was totally shocked of what the stock scalper confessed in that interview given to the popular community web site for traders, trade2win.com. I was [...]

Technical analysis is popular in financial markets like the stock exchange. Since Betfair is a betting exchange and odds fluctuate like stock prices one could say that technical analysis may also be applied to the Betfair betting graphs. Betfair trading has quite a few differences compared to stock or forex trading though, but basic technical [...]

The bullish reversal candlestick patterns are important formations in technical analysis and help to identify changes in direction of price action. According to their reliability they are divided among three categories but most of them require bullish confirmation and an existing downtrend. Of course, other aspects of technical analysis should be used besides candlesticks for [...]

After spending some time at the beach last week, I returned and took a shot at trading the horse racing markets at Betfair before the start of the races. I did not use technical analysis that much but rather watched the momentum developing and scalped the betting odds. The result was to make multiple trades [...]