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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 - 15 Mar 2005 22:30 - 1860 of 10502

Pretty unconvincing win by Chelsea. I put a few quid of the free money on the Chelsea next goal market. But it never came!!

Kayak - 16 Mar 2005 02:12 - 1861 of 10502

lol :-)


experience 16 Mar 00:20

The Scripophilist guy (i think his name's Peter) probably uses something smart such as hedging, statistical distributions or used link Excel spreadsheets with data triangles, forecasts etc etc . He probably has got a bot set up too. You are not this guy, so let's all be grown up and face up to it.

Scripophilist - 16 Mar 2005 09:27 - 1862 of 10502

It would appear my powers to move a one trillion pound market are lengendary. Quite how I do it I don't know. That thread looks like another one of those legendary spats that occur on these mediums from time to time. Quite funny. Especially as I haven't even posted to it! I think I shall resist temptation.

Scripophilist - 16 Mar 2005 17:53 - 1863 of 10502

Big gamble going on in the 18:00 Wolverhampton, Instant hit in from 25 to 7's, matched at 6's

Tempted to lay it.

Scripophilist - 16 Mar 2005 17:55 - 1864 of 10502

Have you noticed how Wolverhampton keeps throwing these things up?

Scripophilist - 16 Mar 2005 17:59 - 1865 of 10502

Stuck a lay with a trailing stop and just closed out at 12's.

Bobcolby - 17 Mar 2005 08:14 - 1866 of 10502

Scrip

How do you execute a trailing stop??

Scripophilist - 17 Mar 2005 09:57 - 1867 of 10502

You can't manually unfortunately. I was using the software I demonstrated at the course. Should be out on beta soon.

Scripophilist - 17 Mar 2005 09:58 - 1868 of 10502

Kayak, Thank you for crediting that five point move in the auction to me!! ;-)

That will get them talking. I did trade it actually but resisted the urge to post, I thought the odds on offer were a little large.

Kayak - 17 Mar 2005 10:17 - 1869 of 10502

It's certainly fun to wind that lot up :-)

Fundamentalist - 17 Mar 2005 19:47 - 1870 of 10502

Anyone on the football tonight?

Scripophilist - 17 Mar 2005 20:19 - 1871 of 10502

Just had some dinner and watched the first 30 mins. Not sure to be honest. Borough need to score SP don't.

Harlosh - 17 Mar 2005 20:20 - 1872 of 10502

Just looking at it now Steve.

Fundamentalist - 17 Mar 2005 20:50 - 1873 of 10502

Backed under 2.5 goals prior to the match so quite happy i am being bored senseless by the game - tempted to back lisbon as boro have got to take more chances and are likely to leave themselves open

Fundamentalist - 17 Mar 2005 20:53 - 1874 of 10502

Lol - what a chance boro have just wasted

Scripophilist - 17 Mar 2005 20:54 - 1875 of 10502

I've been trading over / unders a bit more of late. I managed to model it recently so have a bit more confidence in where the market is heading. Also a good hedge.

Stunning miss from Middlesborough!

Fundamentalist - 17 Mar 2005 21:10 - 1876 of 10502

The game just gets worse - lisbon cant be bothered to attack and boro cant keep the ball long enough to - under 2.5 looks the safest bet in the world

Fundamentalist - 17 Mar 2005 21:25 - 1877 of 10502

You'd have thought someone would have explained to boro that being 3-2 down from the first leg that they need to score twice to have any chance, and to do that they need to commit players forward - i dare say lisbon have had to work harder in training than tonight

Harlosh - 17 Mar 2005 21:33 - 1878 of 10502

That'll do me.

Fundamentalist - 17 Mar 2005 21:34 - 1879 of 10502

Me too - to be honest id given up hope
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