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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
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


Harlosh - 23 Feb 2005 20:28 - 1303 of 10502

Me too Steve. Layed Barca.

Fundamentalist - 23 Feb 2005 20:30 - 1304 of 10502

Ditto john

was expecting chelsea to keep a clean sheet for first half - the goal was a bonus

good game the united match - milan look a good side

Fundamentalist - 23 Feb 2005 21:02 - 1305 of 10502

How on earth does drogba get sent off for that!!!

Fundamentalist - 23 Feb 2005 21:23 - 1306 of 10502

Green on Milan

both sides in a bit of trouble now - not looking like a good week for the english clubs at all

Harlosh - 23 Feb 2005 21:34 - 1307 of 10502

We just can't seem to match the big guns in Europe.

Fundamentalist - 23 Feb 2005 21:37 - 1308 of 10502

Looks like the myth that the premiership is the best league in europe has been exposed yet again

cunningham - 23 Feb 2005 21:39 - 1309 of 10502

Just had ten minutes on the Man U game. Greened up for a few quid. Just trying to get my head round todays course. So much to take in but appreciate more how many opportunities are available. Hopefully will be able to put some of that in to practice in the next few weeks.

Bones - 24 Feb 2005 00:03 - 1310 of 10502

Thanks to Scrip for a fascinating course and I hope to make use of the knowledge in future weeks. Good to meet a few people too.

Hopefully nobody got home in time to back Barcelona early on!

Diego - 24 Feb 2005 08:29 - 1311 of 10502

Great course Scrip, many thanks. Field tested your theories on the football last night. I greened up on Chelsea, Porto and Man U. It was the first time I played the game with confidence.

Many thanks again.

D.

Spaceman - 24 Feb 2005 08:43 - 1312 of 10502

Just want to add my thanks to scrip, good course, I learnt a lot, still got a lot to learn though.

fade - 24 Feb 2005 09:01 - 1313 of 10502

Many thanks to Scrip for a fascinating and very useful day

Nice to meet to people as well

Scripophilist - 24 Feb 2005 09:24 - 1314 of 10502

Thanks all, A real shame that the horse racing had two out of three meetings cancelled due to the weather and the remaining market was poor quality. Hopefully you learnt enough from the available market to push you in the right direction. Glad to hear some of you put it to immediate use last night. I did manage to grab some money on the Barca and Man U game on the way home on the train!!

Bones - 24 Feb 2005 09:56 - 1315 of 10502

Hope you had a trouble free journey Scrip. I got to Waterloo just before 19.00 for the 19.12 train. Cancelled! So I caught the 19.05 fast to Basingstoke which would give me 4 minutes to catch the stopper coming back at 19.54. Fast arrived 4 minutes late at 19.54 dead so I rushed over to the other platform and dived onto the 19.54 stopper. Guard signals departure. No movement. Announcement that driver is unable to get the brake off! Engineers looking. 20 mins later, announcement, still a problem but next train is at 20.24 on Plat 4. Off the train and over we go and finally I get home about 20.40. Can't beat these new Desiro trains! Actually I like them but they seem to have teething troubles. Clearly a PDA is a good idea!

bakko - 24 Feb 2005 09:59 - 1316 of 10502

Well done to those who attended Scrip's course and managed to profit straight away.

My team let me and my betfair account down! Luckily, it was only a small wager.

Scrip, May I ask what smartphone/PDA you are using for Mobex access? I can't seem to get a connection inside Old Trafford whereas it's OK albeit slow elsewhere. Probably due to connection oversaturation?

This has happened on previous occasions hence only put a very small wager on last night

TPO - 24 Feb 2005 10:19 - 1317 of 10502

Thanks for an excellent course. Very enjoyable and quite surprising in places. Luckily my journey home went like very smoothly.... bit cold at the end though :-)

Scripophilist - 24 Feb 2005 10:29 - 1318 of 10502

"My team let me and my betfair account down! Luckily, it was only a small wager."

I try my hardest to never take a position on my team. That said maybe I should as lay Southampton would have worked for most of the season.

"Scrip, May I ask what smartphone/PDA you are using for Mobex access?"

Last night I was using http://www.betfair.com/lite/.

It is a smaller transactional version of Betfair which for some reason they are not promoting.

Diego - 24 Feb 2005 10:32 - 1319 of 10502

Liquidity in the intradday FTSE 10-11 pretty poor
D

bakko - 24 Feb 2005 10:50 - 1320 of 10502

Thanks Scrip, Will look into their other site.

Fundamentalist - 24 Feb 2005 11:18 - 1321 of 10502

Scrip

i feel laying them on saturday may prove profitable lol :-)

chartist2004 - 24 Feb 2005 11:44 - 1322 of 10502

Morning all, anyone back the ftse 9/10 above @ 9:15 with odds of 11:1! I missed it also, however greened up in 4 mins on the 11/12 for 46% profit.
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