Deadline Day on Betfair: The transfers and market changes as they happen

Oy you! Can you play football? Want to play for QPR?

Expect excitement galore and a whole lote more... it's Transfer Deadline Day. Mike Norman tells us who has gone where and how the Betfair markets are being affected...

*You can also follow us on Twitter @BetfairSports for more regular, snappier updates as well as a day full of chat

11:15 - Done Deals (2003)

Christophe Dugarry has joined Birmingham on loan until the end of the season, while Harry Redknapp has moved to strengthen his Portsmouth squad by signing little known Maccabi Haifa striker Yakubu.

Yakubu may be little known to most of you, but we've seen him play and we reckon he'll be a huge success at Pompey, before moving to Middlesbrough, Everton, Leicester and Blackburn.

Middlesbrough have been heavily involved in this window and they have signed Malcolm Christie from Derby and the highly-rated Michael Ricketts from Bolton. Both are sure to score goals in the Premier League and we predict huge futures for these two - Christie possibly moving into car sales with Ricketts perhaps getting released from Tranmere in 2010 and never playing again.

Lee Bowyer has moved from Leeds to West Ham but we're not sure about this one. We can see Bowyer hitting some poor form, retiring from the game, and ridiculously trying to qualify for golf's Open Championship in 2012.

11:00

Big done deal. Super Mario has finally ended his stay in England. Balotelli is now an AC Milan player having agreed a four year contract with the Italian giants. The fee is reported to be in the region of 19m and Mario will wear the number 45 shirt, probably in reference to the number of minutes he has played for Man City this season.

Norwich are like a dog on heat when it comes to Gary Hooper, they're in again, this time with a fourth bid. It probably doesn't help their chances of having a bid accepted when at the bottom of a Norwich fax it reads, "please reply ASAP so we can put forward another bid."

Republic of Ireland winger Aiden McGeady was reportedly close to signing for Wigan but Latics boss Roberto Martinez has now said that the Spartak Moscow player will not be joining the relegation-threatened club.

We haven't mentioned QPR for a while, but fear not here's some more news on the London club. And surprise surprise it's Harry raiding his old club again - this time he's in for Spurs midfielder Andros Townsend. Rumours that Redknapp is trying to persuade his former West Ham striker Paulo di Canio out of retirement are said to be wide of the mark however.

So, it's the clubs at the bottom of the Premier League table that are desperately trying to strengthen their squads. In the Relegation market Betfair currently bet - Reading 1.558/15, Aston Villa 1.645/8, QPR 1.774/5, Wigan 2.427/5, Southampton 3.39/4, and Norwich 6.86/1.

10:15

First, some housekeeping on the earlier news we brought you about Danny Graham. His representatives have told Sky Sports News that he has ruled out a move to Middlesbrough, despite Swansea accepting a 5m bid from the north-east club.

Staying in the Championship we have some news on Blackpool's star player Thomas Ince. And the news is that, well, he's staying in the Championship! Interest from Liverpool appears to have died down, but don't be surprised if a Premier League club agrees a deal similar to the 'Wilfried Zaha to Manchester United back to Crystal Palace on loan' deal.

We have a done deal. Defender Paul Scharner has moved to Wigan on loan from Hamburg. The Latics are available to back at around 2.3611/8 in the Relegation market.

And we also have a cancelled deal. Everton agreed a few with FC Twente for midfielder Leroy Fer earlier in the week, but that proposed transfer is now off after it came to light that the 23-year-old has a problem with knee. The Toffees can be backed at 5.14/1 in the Top Four Finish market.

We've already mentioned some of the big Premier League clubs and how they are not expected to be involved heavily on Transfer Deadline Day. Well what about Arsenal? It's rumoured that they could strengthen their squad by selling defender Andre Santos! But as for Arsene Wenger spending any cash today - about a loaf of bread is probably as much as he'll stretch to.

09:30

One of the biggest stories so far this morning, certainly from a transfer fee perspective, is the 5m fee reportedly agreed between Middlesbrough and Swansea for striker Danny Graham.

Graham was released by 'Boro as a teenager but since then the club has gone backwards whereas Graham's career has moved forward. Middlesbrough have lost three on the spin in the Championship and are desperately in need of some firepower in attack. Tony Mowbray's men are available to back at 4.1n/a in the Promotion market.

As we've already said, QPR are going to figure prominently on TDD, and the early news is that experienced defender Christopher Samba has passed a medical and signed for the Loftus Road club.

BREAKING NEWS - Sky Sports News have just interviewed Harry Redknapp from his car window... now there's a surprise. QPR are reportedly interested in David Bentley, while Jermaine Jenas and Peter Crouch - other players Harry has previously worked with - could also be going to the Premier League's bottom club. No change in their Relegation odds though - still 1.748/11 to back.

Celtic striker Gary Hooper is a player expected to move clubs at some point before tonight's 11pm deadline, though Norwich have now had a third bid rejected by the Scottish giants. Could the Canaries now turn their attention to Leeds striker Luciano Bechhio? Norwich are 6.611/2 to be relegated.

Of the clubs at the top of the table, Manchester United, Chelsea, and Liverpool have all said they don't expect much to happen today, while the big news from Man City's perspective is the transfer of Mario Balotelli to AC Milan. That hasn't been finalised yet, so expect things to go wrong there - Mario setting off a firework in Milan airport perhaps, being arrested, and missing the deadline to sign his contract.

09:00

Welcome to Transfer Deadline Day - or if you're a QPR fan, Revolving Door Day.

Depending on how tight your chairman is, how desperate your club is for cash, or where you currently sit in the league, today can be a bit like either Christmas or Halloween. Will you be unwrapping some exciting new talent, or will you endure the nightmare scenario of your club selling your most prized assets?

Stick with us and we'll bring you all the transfers that matter, and perhaps more importantly, how the Betfair football markets are being affected.

Take the aforementioned QPR for example. Harry Redknapp - probably from the comfort of hanging out of his car window - is set to offload and bring in a plethora of players today with the aim of strengthening his squad. The Hoops are available to back at 1.748/11 in the Relegation market, but those odds could change dramatically depending on activity at Loftus Road during the next 14 hours.

We'll shortly bring you an update of what has happened and some of the transfers that are expected to happen, but don't forget you can follow our Twitter handle - @BetfairSports for more regular succinct updates right up until the window slams shut.