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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


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.

Bones - 24 Feb 2005 22:16 - 1334 of 10502

After yesterday's course, I followed the Middlesborough game with a 1 per tick approach if an opportunity arose.

I switched on when the game was already 1-1. I sat watching the odds and after 35 minutes I thought about backing the draw at around 3.6 as the price was moving in at a fair rate. I didn't act because, as Scrip stated, there is a two-edged risk from either side scoring, but watched. As half-time approached the draw odds fell quickly to 2.9. 5 minutes into the second half, they were 2.4. This seems a quick decay overall but maybe Scrip can comment. It may be because Middlesboro' didn't need the second goal and were stifling the game.

Anyway, a bit later Boro did score so I got onto the home win at 1 per tick at 1.16 (72 mins) after Boro got a free kick which lead to a booking. At 100 liability, I was looking for a rapid fire close. I was not impressed then when the price drifted out a couple of ticks and I didn't get filled for a good 5 minutes!

Anyway, it was a 1 tick green-up (1) but I think I was exposed for too long risk-wise. For some reason, a lot of layers piled in at 1.16 and 1.17 after me.

To put this into perspective, I played an hour on the Betfair poker limit tables (Hold em 2/4 level) and made 130. The crossover point is some way off for me!

Scripophilist - 24 Feb 2005 22:27 - 1335 of 10502

Bones, it's because the odds were very short on Middlesbrough already so the decay would be very slow.

Bones - 24 Feb 2005 23:52 - 1336 of 10502

Scrip, when I use the refresh script I have a problem when I leave the screen. If I read your notes right, I have to refresh in IE to clear the script. When I refresh in IE, it then takes about a minute to reload the Betfair home page (it always take a minute for Betfair to load up compared to 5 seconds for any other website). It is very laborious when that happens when I leave the betting page. Is there something I'm doing wrong?, ie a way of moving between pages without an interminable reload wait?

Scripophilist - 25 Feb 2005 09:58 - 1337 of 10502

I think you are using the Gruss script?

Just hit CTRL&N to fire up another browser window and the refresh on the new window will not be apparent.

You only need to use the fast refresh where you need "streaming" prices. Else you can navitage without it. Once you navigate away from the page you were refreshing the refresh is no longer active I think.

Spaceman - 25 Feb 2005 12:02 - 1338 of 10502

I have cracked it, just won on the FTSE hourly, now what shall I buy with the 8p I won ???

whyallasteve - 25 Feb 2005 12:17 - 1339 of 10502

Well done Spaceman - you can put it with my 9p I won on Middlesborough last night!!

Bones - 25 Feb 2005 13:05 - 1340 of 10502

Thanks Scrip, I'll try it out later.
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