A while ago Betfair kindly invited me to speak at their VIP Social event at the Emirates Stadium. So last Friday I ventured down to sunny London to take part.
There were a few other well-known traders taking part so I was in good company. I already had met Mark Iverson, who is a genius Cricket trader, and great fun to be with. But had not met the other guys. Chris Duncan, who was a founder of another exchange called Betsson. His trading is automated and he turns over £ million’s a week. Seriously impressive and thoroughly nice fellow too. The other member of the panel was someone who needs no introduction, Caan Berry. Although I have had several chats with Caan over the years, we have never actually met. I found him to be a very genuine guy who shared so much commonality with me. I immediately liked him and we spent much of the evening laughing. The other member of our group cannot be named for legal purposes or photographed. He is a bit like ‘The Stig” in trading circles. His identity a closely guarded secret. His is a software developer who’s product sounds a bit like “The Boy”. Anyway, he is a top bloke and the World’s biggest wind-up merchant.
We did a Q& A session with the guys who had attended, sharing some of our experiences and trying hard to answer the questions as honestly as possible. after the Q&A we were able to mingle with the VIP clients and get to know a bit about them. Very enjoyable.
They soon kicked us out, so we hopped back on the Tube and made our way back to the hotel. Found a pub opposite, stayed in there until they kicked us out and the retired to the hotel bar for a while longer. Was great to get to know Mark, Caan and he who cannot be named better.
Some of you may be wondering why I would be bothered to work with Betfair to put something on like this. I am very happy to share exactly why I got involved.
We all moan about things like lack of liquidity and crap markets. To trade effectively you need a product where you can put your money in and get it matched quickly. Whether that’s entering or more importantly exiting a trade. There are several exchanges operating now. But the amount traded every day is not increasing. What is happening is that money is diluted. It would be easy to argue that Betfair has bought it on themselves with their Premium Charge. I would agree with this to some degree. But to be honest, Betfair was such a great product when it started, there were always going to be other competitors who wanted to get their snout in that trough. They would find ways to entice you in. So any chance I get to help bring FRESH money into the exchange, I feel duty-bound to help if asked.
I learned a lot from this evening. I meet a lot of traders and I enjoy that part very much. Would being involved in a social evening like this be something you would enjoy? A chance to grill several Pro Traders and meet other like-minded folks where you can network and exchange ideas? Maybe something regional?
Please let me know your thoughts.
Just to say I have limited places left for the last Workshop I am doing possibly until at least February. LINK
Read what Caan said about this in his latest blog post : https://caanberry.com/betfair-social-evening/