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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


tabasco - 21 Apr 2010 07:44 - 10430 of 10502

point over and forgotten

jeffmack - 21 Apr 2010 09:42 - 10431 of 10502

X

Dil - 21 Apr 2010 10:37 - 10432 of 10502

Take a chill pill tabs , any pointers on beating the bookie are always more than welcome.

tabasco - 21 Apr 2010 11:32 - 10433 of 10502

Catterick 3-10 I have Firetrap marked down as a 5/2 chance...in fact my favbetfair have it at 7.8.bargain!

jeffmack - 21 Apr 2010 11:32 - 10434 of 10502

Cheers, I will take a look

tabasco - 21 Apr 2010 13:48 - 10435 of 10502

Firetrap ran behind Iron Velvet in a class 4 btn 2 L last August with a rating of 62...Iron Velvet now has a rating of 75... Firetrap is now 58 in this class 6...his first run of the season was at Wolverhampton on the All Weather some eight months onhe was asked to run over a distance 3 furlongs further than attempted before
This is usually a sign a trainer is using the race for a fitness exercise also the surface is slower
Held up in last placeand still going ok a furlong outfaded into thirdtrainer Anne Duffield booked Seb Sanders that dayand the horse attracted money at 9/2...today he is on his favoured grass in a poor race and back in distance by 2 furlongs Firetraps best effort was that Iron Velvet raceand guess what?that was run at Catterick same as todaythe jig-saw is complete
JeffThis is rated to win now if it runs poorlycould bemild colicbruisingAnaemiatravel sicknessor just totally pissed off syndromestart your own little black bookand make a note.simplesI see a little money has come already

jeffmack - 21 Apr 2010 14:34 - 10436 of 10502

I had a nibble at 7.2

Ruth - 21 Apr 2010 20:03 - 10437 of 10502

Tobasco, did this horse only have 3 legs?;-)
see it came 7th out of 10,

proof is in the pudding,
simples. your pick was a donkey,

Dont shoot the messenger now;-) im just observing

Does anyone really make decent money from befair?, i guess there will be a few, but i reckon they would be more number crunchers than pure gamblers,

I know i took a look at it a few years ago , and it was more hassle than it was worth, still need movement in your direction to green up etc

Maybe its a woman thing, but ide rather watch charts than silly nags jumping over fences ;-) seems a little bit more predicatable, or am i missing something?




tabasco - 22 Apr 2010 07:47 - 10438 of 10502

RuthI did expect some sort of ridiculebut let me just explain racingfirst of all my selection was a 3yo bay gelding thoroughbred by Firebreaknot a Donkeysecond pointyes people do make money from betfairopinion vs opiniona winner and a loser! If you look on the horse racing thread [RACE] tabasco - 09 Apr 2010 15:53 - 792 of 805
A few minutes to the Topham ChaseI have had a small bet on N A Twiston-Davies second string DIABLO22/1 best priced bookmakers27/1
----------------
Diablo was my clear best value for money bet in that raceit finished last to complete [15th] in the 27 runner racenow at this pointI did not spit the dummy calling Diablo a donkeyit was in my bookand had solid claims!I tell you this for a reason

Yesterday just ten minutes after the disappointment of FiretrapDiablo was running in the 3.20 Perth.
I was on for good money at 6/4 and a little better for smaller amounts where it obliged by 17L and 58L at the returned odds of 5/4...that combined with a number of traded horses and a number of laysone in the same racegave me an overall winning day
Firetrap would have given me a very good day and is on a winning mark that could even be improvedand will have his day I will be on when most on here will have forgotten the name!
Ruth.racing is a lot of work! Fall short and you will end up skint

Ruth - 22 Apr 2010 08:09 - 10439 of 10502

Tobasco,

Every horse will have its day eventually, the problem is how much money will be lost backing the horse before it eventually shruggs off its donkey status and is first over the line,


As you say its simples, its simple mathermatics, and somehow i dont see it adding up?

tabasco - 22 Apr 2010 09:03 - 10440 of 10502

Well Ruth the last two that I mentioned won their next race15/2...and 5/4...both were available at better odds than the returnedwhen you say every horse has its daythat is a very fair assumptionso using that as your starting point and to simplify mattersselect one type of horselook for an unexposed improver off a low markpossibly run only seven times in two seasonsfirst five races tailed off out the back? maybe his last two races have been 6th of 16 btn. 3L running onand 5th of 14 btn 2 but with a slow startand hampered in running.
Now on bare form figures he would be declared unplaced in all seven races and will be rated as suchbut we know that does not tell the total storythose that always know the total story have the edgethose that have the edge gain that small margin available
Now I dont want to bore you with Race ClassTracks left hand/right hand or straightgoingblinkersdraw biasbooked Jockeysstable JockeysApprenticesTrainer formhorses that sweator claustrophobic with stallsand so onbut it is all part of the equation Ruthonce solvedyou have the edge!I play to solvemost of my horse are tradableeven yesterdays runner was around fourth favourite in most morning papersbut around 12-30 Betfair was showing him as fav. at 6.6.

jeffmack - 22 Apr 2010 12:06 - 10441 of 10502

so the moral of this story is, if tabby gives a horse, dont back it in this race but its next race, where he has a very good track record of getting winners.

Maybe you can let us know when firetrap is running again.

tabasco - 22 Apr 2010 12:21 - 10442 of 10502

Moral of the story isI spend up to 12 hours a day compiling and updating my filesDYOFR!

jeffmack - 22 Apr 2010 12:48 - 10443 of 10502

Ah, come on Tabby.

I envy you working in the racing industry. I lover racing but dont get much time for it. Use to love point to pointing and the evening meetings at Sandown, Kempton and Epsom. Must get there this summer

tabasco - 22 Apr 2010 13:30 - 10444 of 10502

The Point circuit has a great followingI have friends that have in the past had horses with Phil York and his FatherPhil is a great bloke...a legend in the point-to-point World and still a good Jockey

Perhaps Haljaferia Beverley 2-30 might be worth a piss takeI have it as a 7/2 chanceBetfair have it at 8.8 and I have backed it a lot higher...it will probably win next time outso dont back itthen I wont get the grizzle

jeffmack - 22 Apr 2010 14:51 - 10445 of 10502

Didnt get a chance to look at that one, was out with the dogs. Remind me next time.

tabasco - 22 Apr 2010 14:56 - 10446 of 10502

Before you ask Ruth>

They backed down Haljaferia to 6.2 traded someand laid Deauville Flyer for a Long unup on the race put Haljaferia in your bookneeded the runrated 71.it ran in the Group 3 Queens Vase Royal Ascot last Juneand Jeffbuy a notebook!

Ruth - 22 Apr 2010 15:28 - 10447 of 10502

Tobasco
Oh dear, not another donkey, i believe theres a shortage of donkeys on blackpool beach, maybe the donkey would make more for its owner doing a few kiddie rides up and down the beach?

Im just teasing ,before you have a strop,






ExecLine - 22 Apr 2010 16:37 - 10448 of 10502

Current Rating: "Best thread on the board"

:-)

An inflatable jockey was riding an inflatable horse for an inflatable trainer and an inflatable owner, for the first time over the jumps.

Leading easily after the last fence, he pulls up too early and two horses go past him.

After the race the jockey was so mad he stuck a pin in the horse, then he stuck a pin in the trainer and then another one in the owner.

He was called in front of the Stewards where he stuck a pin in himself.

The Stewards said to him, 'Not only did you let the horse down, the trainer down and the owner down, you have also let yourself down.'

tabasco - 23 Apr 2010 07:32 - 10449 of 10502

RuthI have some association with Donkeysbut not in the way you are stating?

Execthat night the jockey went homeconsoled himself by riding his inflatable ladyand won the race by a nice length!there was a stewards inquiry for misuse of the whipbut they have now weighed in?
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