Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

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


Scripophilist - 06 Feb 2005 20:46 - 1013 of 10502

Not a day for low backers - Hope the Chelsea match put you off!!

Harlosh - 06 Feb 2005 20:56 - 1014 of 10502

I'm on the Barca v Atl Madrid game. Backed the draw after Madrid scored after 2 mins. Managed to get 4.1. Really strange cos the odds are coming in for the draw instead of drifting. Could have laid at 3.15 at one point. Not watching it but can only assume Barca are all over them. I'm sticking with the draw but might end up regretting it.

Had a funny feeling Chelsea might struggle today but most likey would have backed them but went out for a meal instead. Good decision.

Scripophilist - 06 Feb 2005 21:03 - 1015 of 10502

Odds on a draw will usually come in if a weak away team takes the lead. Subject somewhat to the way the match progresses.

Scripophilist - 06 Feb 2005 21:26 - 1016 of 10502

Late goal wins it for Milan.

Harlosh - 06 Feb 2005 21:45 - 1017 of 10502

I've laid off now and greened up for a small profit. I'll kick myself if Barca score now. Had a great run for my money though

Scripophilist - 06 Feb 2005 21:55 - 1018 of 10502

I'm green on the match also now.

Harlosh - 07 Feb 2005 19:27 - 1019 of 10502

Poor days racing today I thought and not much on offer in the way of sport for the next few days. What am I gonna do?????????????

chartist2004 - 07 Feb 2005 20:56 - 1020 of 10502

Greened up on the German match for 48.5% profit, + Napoil v Reggiana 2 up at the moment giving 55% if they stay on top.

Scripophilist - 07 Feb 2005 21:01 - 1021 of 10502

Were you on the matches yesterday by chance?

I had too much coffee this afternoon when I was over at Hammersmith so just trying to detox tonight!

chartist2004 - 07 Feb 2005 21:13 - 1022 of 10502

I was Scrip, backed Chelsea! was away from the pc 'working', took a small hit on that one. A good week overall though.

Harlosh - 07 Feb 2005 21:18 - 1023 of 10502

Chartist,

Are you 'gambling' on those games or do you know what's going on in the matches?

chartist2004 - 07 Feb 2005 21:28 - 1024 of 10502

H - a gamble plain and simple, only a small stake on Napoli, thats it FT :o) I have no info on the game apart from livescore site.. more luck than skill!

Harlosh - 07 Feb 2005 21:31 - 1025 of 10502

OK thanks.

chartist2004 - 07 Feb 2005 21:34 - 1026 of 10502

On the Italian match Torino 2 up with 1 min remaining another 66% can't be all luck!

Scripophilist - 07 Feb 2005 21:43 - 1027 of 10502

I wouldn't have touched either match with a barge pole till they were underway.

Scripophilist - 07 Feb 2005 21:59 - 1028 of 10502

Uncut Arsenal vs ManU pre match footage!!

http://www.putfile.com/media.php?n=Un-edited%20Tunnel

chartist2004 - 08 Feb 2005 18:52 - 1029 of 10502

Greened up on the Wales v Germany Under 21. for 23.2% profit :o)

wilbs - 08 Feb 2005 19:55 - 1030 of 10502

ENGLAND Under 21!!!!!

chartist2004 - 08 Feb 2005 20:45 - 1031 of 10502

Did'nt spot it pc been playing up. What time was the KO tia...

Scripophilist - 08 Feb 2005 21:01 - 1032 of 10502

A clean sweep on the horses this afternoon and the international friendlies just don't interest me at all, so doing other work this evening.

I am about to finish an algorithm to predict the odds at any point of a match with any score. I was thinking about setting up a service to provide this data to market participants. Just throwing an idea around really. If you knew pretty closly what the odds were going to be say at five minute intervals would you pay 1 a match for it? It's been something I have been working on for a while and I am currently testing it. It can very accurately predict any odds at any score for any match and any point in that match. Interesting or not?

Obviously the advantage would be knowing what price is about to occur. Any feedback welcome.
Register now or login to post to this thread.