Blast from the past
I was wading back through my archives the other day and realised I am older than I thought! I actually placed my first bet on a betting exchange on June 5th 2000. It wasn’t on Betfair but on Flutter, Betfair’s early rival. I didn’t start on Betfair till the 18th June.
On the 5th June, I had a whopping £5 bet on the FTSE up or down market. A day later on the interest rate market and my first sport was Golf. I was backing and laying Tiger woods to win / not win the US Open and Colin Montgomerie as well.
Embedded on the spreadsheet are the immortal words ‘If you want to make money you need to lay at a lower price than you back at’. Would never have guessed back then, nearly nine years ago where those words would lead.
I knew way back then that it was worth putting some effort into things and seeing what I could make of the opportunity. I never realised just how big betting exchanges would get. I also didn’t realise just how the opportunity would present itself. If you said back then that in nine years time I would be gambling millions a week on the horses I would have thought you had gone mad. Just goes to show, always use the words impossible with the greatest of caution!
Category: Golf
