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How to profit from Betting Exchanges (BEX)     

Scripophilist - 27 Oct 2004 23:40


ladder.gifBA_Logo.gif

How would you like to trade a market where you get large regular price swings every 10 minutes in the afternoon, seven days a week. A
market where all prices are set purely by supply and demand, few transaction costs, no middle men and you only pay commission if you win? Where you can freely act as a market maker and where you have direct market access and where you can create a spread for others to take?

Betfair has revolutionised the betting market and created an open platform for exchanging risk on sports events. This market is now viewed much more like a traditional financial risk market than an old fashioned betting market. Smart users have realised that there are huge opportunities on Betfair because they can buy and sell risk in much the same way they would in a normal financial market but without the burden of cost or the restricted access that is usually associated with traditional financial markets.

Click here to learn more


Mr Euro - 28 Jun 2006 14:42 - 10056 of 10502

hmmmmmm dont know if I should green up or let it run and look for betting trading opportunities later (if they materialise)

Mr Euro - 28 Jun 2006 14:45 - 10057 of 10502

if I green up now I will secure about 50% of the profit.

bakko - 28 Jun 2006 14:46 - 10058 of 10502

Mr E....I stand to lose more than you if Eng win. I'd planned to reduce my Eng liability but the SL bloodbath in the last 5 overs twisted my arm.

Mr Euro - 28 Jun 2006 14:49 - 10059 of 10502

Mine was bigger but I reduced it. During the 25-40 over period they just didn't seem to look good value for the price.

Are you keeping it open or going to close it and trade it or both?

bakko - 28 Jun 2006 14:50 - 10060 of 10502

Mr E....Try to have an exit point in case Eng have a flyer. SL odds currently at 1.23/1.24. If Eng do start well these odds will naturally drift out. You can have e.g a stop loss of 1.4 where you can green up and still take a large profit even if Eng do win.

bakko - 28 Jun 2006 14:53 - 10061 of 10502

I'm going to sit on it for now as I feel that SL should win. But will be watching and trading out to green up if Eng get close

Mr Euro - 28 Jun 2006 14:56 - 10062 of 10502

I would normally agree but I lost out on about 20 ticks on the way down as I greened up.

My profit isn't that huge anyway.

I can only see 2 batsman that are capable of getting Eng into position. Bell end who should never be let anywhere near an Eng dressing room but I have a nasty feeling he might turn up today.

Mr Euro - 28 Jun 2006 17:41 - 10063 of 10502

What a pathetic performance.

Fundamentalist - 28 Jun 2006 17:43 - 10064 of 10502

sad to watch as a fan but very profitable as a trader :-)

Pommy - 28 Jun 2006 18:03 - 10065 of 10502

I dont know!!! cash over country, how .....

































wonderful!!!

crockham - 29 Jun 2006 10:35 - 10066 of 10502

Does any one use the `stats on sport ` site?
Is it worth the money or can another site be recommended?
I know Scrip is very keen on his stats for football.
Crock.

bakko - 30 Jun 2006 20:00 - 10067 of 10502

Anyone trading the Italy v Ukraine game?

Italy are favs and at 1.62. However, I dont think Ukraine are as bad as 8.6 but feel that the price is based on their dire performance in their last game.

bakko - 30 Jun 2006 20:06 - 10068 of 10502

Italy 1-0 already, didnt even give me chance to get a trade in.

bakko - 30 Jun 2006 20:34 - 10069 of 10502

I guess Ukkraine are as bad as their odds suggest as they've just had their first shot on goal after 32mins!

Mr Euro - 01 Jul 2006 21:54 - 10070 of 10502

France were a great value bet. I put 1000 on at 5.6 :-) Just couldnt see them losing even before KO.

bakko - 01 Jul 2006 22:12 - 10071 of 10502

Nicely done Mr E.

Agree with you that France were good value but didnt trade it prematch. Instead, I scalped France for over 30ticks once they scored and greened up afterwards :-)

Pommy - 04 Jul 2006 22:15 - 10072 of 10502

backing the ever receeding draw price in this iti rainbows game is freeeeee money!!

Fundamentalist - 05 Jul 2006 09:33 - 10073 of 10502

Thanks for the send off guys (and choccie), a cracking night as always

sealed - 05 Jul 2006 16:55 - 10074 of 10502

Anyone having problems logging into betfair via BApro?

Harlosh - 05 Jul 2006 22:31 - 10075 of 10502

The pleasure was all ours Steve. Please say goodbye to Carrie for me too.
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