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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 - 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.

Diego - 24 Feb 2005 16:29 - 1323 of 10502

Hi,

Is there someway I could reduce the time between refreshing the betfair screen?

Thanks D

Fundamentalist - 24 Feb 2005 17:17 - 1324 of 10502

Diego

Scrip should have given you an address for his website (i think its somewhere near the start of this thread). From this you can download betfair tools which allows you to set the page to refresh every second

Harlosh - 24 Feb 2005 17:39 - 1325 of 10502

Considering backing Schalke or the draw but not sure which one will give better value assuming Schalke manage to score. Any thoughts anyone?

Harlosh - 24 Feb 2005 17:47 - 1326 of 10502

Betfair down again???????

Fundamentalist - 24 Feb 2005 18:26 - 1327 of 10502

John

betfair ok my end


hope you havent backed schalke - gone 1-0 down - just taking a quick look at tonights footie - both newcastle and middlesborough both look a bit skinny to me

Harlosh - 24 Feb 2005 18:38 - 1328 of 10502

Just a small bet on the draw at Half time Steve.

Fundamentalist - 24 Feb 2005 19:07 - 1329 of 10502

See AZ Alkmaar (who!) were 50.0 when 1-0 down, now 2-1 up and 1.06

Scripophilist - 24 Feb 2005 19:39 - 1330 of 10502

Been in town all day with the metropolitan police!! Fortunately nothing dodgy just with the gaming and vice guys. They learnt a lot about gambling and I learnt a lot about prostitution!!

Any how, I was on the AZ Almaaar match on the way home so a good start to the evening.

I actually think both matches look interesting but have some downside. Newcastle are already leading 2-1 so don't need to score but had a excellent win over the weekend so spirits will be high.

Middlesbrough really need to score to kill off any hopes of a Grazer qualification so of the two you would think the second is more interesting but both have good motivations for home goals.

Fundamentalist - 24 Feb 2005 20:01 - 1331 of 10502

Newcastle winning - game should be over

Boro losing - game on

Fundamentalist - 24 Feb 2005 20:15 - 1332 of 10502

Scrip

good to hear that you and the met are learning from each other.

On the AZ Alkmaar game - when did you get involved - at 1-1 or 2-1?

Scripophilist - 24 Feb 2005 20:23 - 1333 of 10502

I had the game earmarked as there was a massive gulf in class between the two teams. I arrived late to it though but Aachen were in the lead so I laid them on the basis that AZ were definately going to score at some point. Wasn't my initial game plan but I thought the odds were way too short on Aachen.
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