MISC

22 January, 2022

AUTHOR: James Dowen

#BettingPeople: MATTHEW TRENHAILE

#BettingPeople: MATTHEW TRENHAILE has been in the betting industry for over 20 years. He cut his teeth working in the spread betting sector, pricing up golf and rugby, he’s done time in the city managing risk in currency markets, worked for betting syndicates on the other side of the fence. He remains one of the most respected in the industry. Meeting Matthew Trenhaile with Simon Nott.


MATTHEW TRENHAILE (part 1 of 4)

Matthew, or ‘Trench’ to his mates, a self-described ‘Betting Industry Nerd’ talks about working within a golf betting syndicate, Mustard Systems, his early days working in spread betting, pricing up golf and rugby and the intricacies of the two and how there’s a perpetual merry-go-round off information in the game.


MATTHEW TRENHAILE (part 2 of 4)

Matthew talks about his time in the city and why personal reasons sent him in that direction, he explains the A and B book of investors and how hedging was done cheaply. He goes into details on risk management in that sphere then in bookmaking and why liabilities aren’t as important as the source and why a good mark isn’t easy to monetize, hence the practice of jettisoning sharper punter.


MATTHEW TRENHAILE (part 3 of 4)

Matthew reveals why three good opinions is a very nice starting place to a betting syndicate, how the reality of inside information depends on the type of event, how to work out what market movements mean. He talks about how much data a bookmaker needs on a punter before deciding to restrict them or which way to react to their business, how he takes chunks from betting records to come to a conclusion and why people still get closed down after one bet and the Wild West of the betting exchanges.


MATTHEW TRENHAILE (part 4 of 4)

Matthew talks about how sharp the money is on the exchanges. dark pools and the importance of ‘Commission Agents’ Matthew talks about his own betting, people being chained to the betting exchanges all day leading to burnout. He tells us about betting long odds-on shots provided massive value which could be enjoyed under the radar and why Harry Findlay was doing it absolutely right back in the day, betting on ‘Bridge Jumping’ prices, and more.


MATTHEW TRENHAILE #BettingPeople PODCAST


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