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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


Fundamentalist - 16 Mar 2007 17:47 - 10246 of 10502

Edward

they usually are ;-)

Evo

http://www.betangel.com/products/courses/index.htm

everything you need to know on this link, and not all courses are in london

DocProc - 16 Mar 2007 19:03 - 10247 of 10502

Evolution

There are some interesting Bet Angel Free Training Videos

HERE

jbarlowffc - 19 Mar 2007 23:33 - 10248 of 10502

Went for the trial version today. looks great, but alas slightly down on the horses.

had some in-play fun on the spursvchelsea game(match odds). had that "magical" moment of a healthy green figure on all 3 outcomes. felt awfully like gambling though. I like the fact that that when you get your prices matched, the betfair balance is not tied up for the duration of the match. presume thats a betfair feature as opposed to betangel. waiting for the next available Scrips course now.

used to do "arbs" on sports, between spreadbetting, but the opportunities mostly dried up ..

I take it , going on the age of this thread.. that this isnt a fad. and as theres always gonna be gamblers, theres always going to be opportunities to make some cash.

chartist2004 - 22 Mar 2007 00:04 - 10249 of 10502

jbarlowffc :- 'gamblers'? we are 'odd's traders'!

Had a 95% loss rate on monday, naggs/soccer, thought my 'luck' was about to end, (black monday)!

jbarlowffc - 22 Mar 2007 21:37 - 10250 of 10502

for me..so far horse racing sucks.. but in-play darts and football "odds trading" has been good.. seat of your pants stuff though.

Iankn73 - 22 Mar 2007 22:54 - 10251 of 10502

I havent had much luck with the horses either. Initially as was going well based on the system Chartist had used then after feeling reasonably confident I decided to up the stakes (this was after a month or so). I upped the Back and Lay to 200 and hadnt taken into consideration the fact that my Lay may not always be taken by the market as this was never a problem with the smaller bets so the thought had never crossed my mind (naivity in my part!) so caught out on a few costly occasions. Oh well back to the drawing board.

Any other valuable suggestions gents (other than the obvious!!) lol

Cheers,

Ian

jbarlowffc - 23 Mar 2007 15:23 - 10252 of 10502

After a heartstopping 2 minutes waiting for the other side of my 500 stake to match.. .I won 3. Get me a pint I guess. previous race I traded 5 times at 2 .. decided I was on to a winner and went for 200. Well yes it went tits up...and i didnt have time to recover.


Im gonna do this..
Go on course,read book
Practice on a hundred or so events with 2 stakes.
Take a long hard look at the Profit/Loss and decide if this is my bag after all

B-P - 24 Mar 2007 10:12 - 10253 of 10502

jbarl,
Have a think about laying the draw at football ------ if a goal trade out --- will leave you to work out the possibility of 0-0 score and what to do ----- if any one asks me the question about what to do, I will not answer -- thats for you all to work out.

Fundamentalist - 24 Mar 2007 10:36 - 10254 of 10502

BP

sounds dangerously like the FCG system and you need to pick and choose your games quite carefully doing this

ptholden - 24 Mar 2007 11:17 - 10255 of 10502

Can't see the advantage of laying the draw at all (or backing), one goal and you're stuffed, trading out at a loss or hoping for an equaliser. Certainly I was always told that backing or laying the draw is the worse possible bet as there is no way to trade out without risking even more money (not that I haven't done so when watching a particular game).

Incidentally, not that I am bovvered, but always thought the idea of a forum (thread in this case) was to share information, not work it out ourselves!!

Photomad - 05 Apr 2007 08:50 - 10256 of 10502

Anyone trading the golf?

Laid Tiger a few days ago @2.58 not sure when to back & green up.

P

ptholden - 05 Apr 2007 09:07 - 10257 of 10502

You may never get the opportunity Photo, if he has a reasonable first round you're stuffed!

Photomad - 05 Apr 2007 09:27 - 10258 of 10502

He's already out to 2.8 so can do it anytime.

Unlikely to shorten much in my opinion now with only a few hours to go and he's not starting until early afternoon.

compoundup - 05 Apr 2007 11:26 - 10259 of 10502

Not trading the golf atm. When unable to watch the screen I would have a trailing stop in place. In this case, I'm not sure about greening at such a high price either. If Woods has a good first round you should be able to green at a better price. At least you are in a no-loss situation until you green-up.

IMHO the only advantage of greening at this sort of price so early in the contest would be to provide funds for laying off other competitors and retaining a no-loss p&l. This is not so applicable in golf as it is in e.g. football because the other players are at such long odds.

Looking at Woods' price chart, the curve is getting fairly flat now so covering at 2.82 looks like a wise move.

This is how I would trade it. No doubt others would do differently.

Photomad - 05 Apr 2007 11:38 - 10260 of 10502

Thanks for your thoughts compoundup, I am definitely going to green-up b4 he starts his round as I think he is likely to win with the from he's in.

Also backed M Campbell @ 610 C Pettersson @720 & S Micheel @ 720.



Scripophilist - 05 Apr 2007 13:00 - 10261 of 10502

Tiger seems very, very short for the Masters. He is priced pretty much at certainty and in golf nothing is certain. I'd start with a lay for sure.

Fundamentalist - 05 Apr 2007 15:31 - 10262 of 10502

Scrip

will be trading the masters but wont get heavily involved till the weekend (unless Woods drifts heavily)

with regard to Woods, i think its something like 14 consecutive strokeplay events that hes traded at odds on in a row. would rather be a backer than a layer round augusta where on pure form lines he should be at best even money imo

Fundamentalist - 05 Apr 2007 15:36 - 10263 of 10502

as far as alternatives to woods go, the 2 i quite liked at the prices were Stenson and Di Marco, tho would sway towards the without Woods market to back them

Fundamentalist - 05 Apr 2007 15:39 - 10264 of 10502

Scoreboard

http://www.masters.org/en_US/scores/index2.html

Fundamentalist - 05 Apr 2007 15:45 - 10265 of 10502

also a link to the live masters radio under "interactive" on that site for anyone trading in running
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