Another alternative is Hypercam, but there's a silly watermark and I don't find the quality that good. But the file size is a lot better since Fraps keeps it completely raw
I know it's not free but I use "Camtasia" Really brilliant piece of kit. If it's only games you want to record, then FRAPS is the one for you. Like mentioned, you will need to re encode it to make it portable.
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