Jim Makos Blog

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 [...]

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 [...]

Nowadays there is huge interest for betting in horse racing due to the Royal Ascot taking place and a lot of money is risked on those betting markets. The volume traded in Betfair Ascot’s markets almost always exceeds the one million mark, differentiating their odds movement behavior a bit. Let’s take a look at a [...]

Applying technical analysis on Betfair graphs can make money by trading even long term football events. Champions League 2008/09 has reached the semi final stage and upon looking at the 4 teams’ betting graphs regarding the winner of the competition, we can draw basic trend lines along with support and resistance lines. Technical analysis will [...]

We already talked about support and resistance levels and trendlines when applying technical analysis in Betfair graphs. Pattern formations though are literally hundreds in technical analysis. Given the fact that Betfair graphs don’t provide the necessary detail like stock charts, a thorough study of formations and technical analysis isn’t needed apart from basic terms. Despite [...]

We talked about support and resistance levels in Betfair horse racing charts but how about candlesticks formations in the graphs? The candlesticks provide more detailed charts and a lot more information, but if you are not aware of them you shouldn’t worry. We can still make money trading in Betfair using trendlines, support and resistance [...]

Betfair trading is all about odds movement. By learning basic terms of technical analysis like support and resistance, and applying them to Betfair graphs, we are able to make money by correctly predicting them. I included 7 betfair graphs from yesterday’s horse racing betting markets in this article and I try analyzing and discussing the [...]

Technical analysis can be applied in Betfair betting markets and many Betfair traders make money trading with it. Here are the Betfair charts of the favorite horses of 6 horse racing betfair markets which took place yesterday. Besides the odds movement, I have added to the Betfair graphs some technical analysis’ elements, mainly trendlines, support [...]

Using as a reference the races taking place in Ascot these days, we will examine the fixed odds’ charts regarding technical analysis, which is widely spread in the financial markets. Cockney Rebel was the favorite in the 3.45 race at odds of 2.20. 10 minutes before the start of the race the chart was like [...]