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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


Scripophilist - 02 Nov 2004 19:42 - 112 of 10502

Green on all the CL matches this evening. A good afternoons work. Will watch the Arsenal match on the TV now, may take the laptop in doors.

Dil - 02 Nov 2004 20:24 - 113 of 10502

Richgit here's an example :

You could have had a bet say 10 on Wales to beat England in the RWC at 27/1 before the match.

At half time you could offer 3/1 against Wales winning so offer say 70.

Wales win and you win 270 and lose 210 , profit 60.
Any other result and you win 70 and lose 10 , profit 60.

The only way you can do this is if the odds move in your favour after placing the original bet.

PS Wales were robbed :-)

Ruth - 02 Nov 2004 20:35 - 114 of 10502

Scrip. in the above screenshot on England v Poland, how much money did you actually have to put on in the first place on all 3 outcomes to guarantee the 500+ payout,ie what was your total outlay at the time of that screenshot?

Richgit69 - 02 Nov 2004 20:39 - 115 of 10502

Dil, thanks ;-)

Dil - 02 Nov 2004 20:40 - 116 of 10502

Mr E , you still got any of the stuff we were working on or any of my emails I sent about it ?

Scripophilist - 02 Nov 2004 20:55 - 117 of 10502

Ruth,

I can reverse engineer the figures which tells me before I greened up I had a profit of 786.93 on England prior to equalising the risk. Some of this would have come from a stake before the kick off intend to run into the match but I would have also traded before kick off and carried that into the match as well.

I'll try and check my records to see if I can figure out what I risked outright. When I see you on the 26th you will see its not immediately that simple to work backwards as you may use more than one strategy on an event.

Ruth - 02 Nov 2004 21:00 - 118 of 10502

Scrip, cheers,

Scripophilist - 02 Nov 2004 22:44 - 119 of 10502

Markets predicting a Kerry victory in the US at the moment, 76% chance by the look of it. Will stay up a bit later tonight and see what unfolds. Nearly 8m traded on that market.

Scripophilist - 02 Nov 2004 22:46 - 120 of 10502

BTW a great night on the footy. A rare night in that everything came off, not one error. Had a good win on the Porto match. Watch me get kicked in the teeth now over the next few days!!!

Fundamentalist - 02 Nov 2004 23:09 - 121 of 10502

Scrip

well done on the footy tonight

also staying up to see the election unfold

received your presentation cd today - many thanks - will watch tomorrow as a taster for the course in a few weeks!!!!!

Scripophilist - 03 Nov 2004 09:45 - 122 of 10502

Fundy, I have left all the juicy bits for the course!

US election market has been fun. Look at these charts. 16m traded, I am trading out the low odds this morning.

Bush_next_president.jpg

jeffmack - 03 Nov 2004 12:10 - 123 of 10502

Just looking at tonights champion league

B. Munich v Juventus 2.42/2.44 3.2/3.25 3.55/3.65
Deportivio v Liverpool 2.12/2.14 3.25/3.3 4.3/4.4
Dynamo v R.Madrid 3.2/3.25 3.45/3.5 2.46/2.48
Lyon v Fenerbache 1.48/1.49 4.6/4.8 8.6/8.8
Maccabi v Ajax 4.8/4.9 3.6/3.65 1.91/1.92
M.Utd v Sparta 1.30/1.31 5.8/5.9 14.5/15.0
Olympiakos v Monaco 2.32/2.34 3.4/3.45 3.5/3.55
Roma v Leverkusen 2.2/2.22 3.5/3.55 3.75/3.8

Prices are for Home - Draw - Away

I have so far only backed Real Madrid at 2.48.

Bones - 03 Nov 2004 12:45 - 124 of 10502

Scrip

Did you receive my email?

Thanks
Bones

Scripophilist - 03 Nov 2004 14:20 - 125 of 10502

Bones, I did but 123 are in front of it at the moment :(

Will get in contact.

Scripophilist - 03 Nov 2004 14:36 - 126 of 10502

I'll probably be sacrificing horses again this afternoon to focus on the football.

Last night was excellent with a win on every match. The bonus was the Porto Vs PSG match where I had a bumper win, my biggest on an individual event for some time. I didn't plan it that way it just turned out that the perfect result came in. Usually it would have been covered for a lesser amount at some point. I had some free money to put on the match and added to that as the other results completed. Turned out I didn't need to cover it in the end but took a risk in not doing so. If it hadn't had come in I would have been up on the night but not much.

Scripophilist - 03 Nov 2004 14:37 - 127 of 10502

I would have thought Deportivo vs Liverpool would be an interesting match tonight.

DocProc - 03 Nov 2004 14:43 - 128 of 10502

Thanks for my CD too, Scrip. :-)

Bobcolby - 03 Nov 2004 19:09 - 129 of 10502

Thanks for CD Scrip

Ruth - 03 Nov 2004 19:15 - 130 of 10502

Scrip, can i have a cd please?

Scripophilist - 03 Nov 2004 19:46 - 131 of 10502

Sure one on the way. Haven't forgotton your request by the way. Haven't had time to look at it.
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