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How to profit from Betting Exchanges (BEX)     

Scripophilist - 27 Oct 2004 23:40


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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
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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.

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Harlosh - 11 Feb 2005 19:15 - 1117 of 10502

I woudn't want to steal Scrip's thunder by revealing all before the course Stuart. Suffice to say it's a simple process which basically distributes your potential profit (or loss) on one outcome across all possible outcomes. Very clever.

stuartreece - 11 Feb 2005 19:20 - 1118 of 10502

Much obliged.

I like the way you say "its a simple process" - I will reserve judgement until the 23rd.

bakko - 11 Feb 2005 22:44 - 1119 of 10502

stuartreece,

Welcome to the thread too.

Apologies for not being around to answer your post.

Harlosh is quite correct in explaining it. I'd already greened up meaning that I was on a win regardless of the final result. At that moment Fundy was kind enough to provide me with an update and based on the strength of that I decided to squeeze it more for a bigger profit.(Thanks once again, Fundy).

It definitely is a very simple process and all will be revealed on Scrip's course

bakko - 12 Feb 2005 10:38 - 1120 of 10502

Morning all,

For those of you on the golf AT+T Pebble Beach there's a good opportunity to lay off Mickleson at 1.48/1.51 now with a chance of backing or greening up later. The odds have drifted slightly even as I've been typing.

2 rounds have been completed with the poorer weather conditions forecasted for the weekend. Go to weather.com and enter Pebble Beach in relation to Golf for forecast.

Mickleson has scored well but can't see him replicating his record below par scores of initial rounds. For scoreboard go to www.pgatour.com/scoring/leaderboard/r

Please DYOR

cunningham - 13 Feb 2005 14:44 - 1121 of 10502

Green on the Manchester derby - now on to the rugby.

Fundamentalist - 13 Feb 2005 14:56 - 1122 of 10502

Well done cunningham

having a field day on the cricket this am - its gonna have to be another 2 tv afternoon - cricket on 1 rugby on the other

cunningham - 13 Feb 2005 15:05 - 1123 of 10502

"field day on the cricket" - lol

Scripophilist - 13 Feb 2005 15:33 - 1124 of 10502

"field day on the cricket" - lol

Don't get caught out!

Fundamentalist - 13 Feb 2005 15:43 - 1125 of 10502

Its ok guys - ive got it COVERed but i accept your POINT to make sure i dont SLIP up

bakko - 13 Feb 2005 16:02 - 1126 of 10502

No silliness from me too!

Excellent profits from both the cricket and Man derby today. Lets hope it continues with the rugby.

cunningham - 13 Feb 2005 16:47 - 1127 of 10502

I've had a right mauling in the rugby this afternoon. I backed France before the start of the game and spent the latter part of the first half trying to recover my losses as England looked too strong to give it away. In the end managed a 1.50 profit on France but it was hard work.

Scripophilist - 13 Feb 2005 16:47 - 1128 of 10502

Good profits from the Rugby, Only wish England were not playing so badly at the moment.

Fundamentalist - 13 Feb 2005 16:48 - 1129 of 10502

Be grafteful cunningham

i got caught having backed england and lost all my cricket profits

cunningham - 13 Feb 2005 16:52 - 1130 of 10502

Fundamentalist - sorry to hear that.

Scripophilist - 13 Feb 2005 16:52 - 1131 of 10502

Differing fortunes from each of us by the look of it. I rode England in the first half and greened up before nipping in for some more in that hectic finish. If wrong would have lost my profit but that was all. Rugby is not my forte so I played a cautious game. Pretty wild fluctuations in the last couple of minutes.

Fundamentalist - 13 Feb 2005 17:28 - 1132 of 10502

How ones fortune can change

just backed west ham (1-o down) at 14.5. 2 mins later they are awarded a penalty 1-1 and the defender is sent off

Scripophilist - 13 Feb 2005 19:30 - 1133 of 10502

Fundy, excellent stuff! I made a few quid but nothing special.

Pinsticker - 13 Feb 2005 23:37 - 1134 of 10502

There was a cracking value bet opportunity on Sheff Utd this afternoon - admirers of their disciplinary record would have spotted it a mile off!

chartist2004 - 14 Feb 2005 06:12 - 1135 of 10502

Pin - Do you mean the backing the draw @ 2:1 15/20 mins from the bell, odds fell like a stone! (as one would exept with a 1-1 score) for a 93% profit. One would have to wait around 18 years for that sort of profit from a building society!!

Scripophilist - 14 Feb 2005 09:07 - 1136 of 10502

I think pin is referring to the bookings market.
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