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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


Scripophilist - 22 Mar 2005 14:49 - 1955 of 10502

Forgive me father, for I have sinned. But it was worth it!!

Fundamentalist - 22 Mar 2005 15:25 - 1956 of 10502

Scrip

lol - i backed blue endeavour but layed in running at 1.02 so didnt have to rely on the stewards lol!!! if youre watching ATR theres a lot of unhappy punters out there who thought they could buy money - nice to know you gamble occasionally!

edited as got my back and lays nmixed

kernow - 22 Mar 2005 16:11 - 1957 of 10502

Rayshan :-) Layed and greened up in running though.

Fundamentalist - 22 Mar 2005 16:15 - 1958 of 10502

Pretty poor afternoon racing but made a few quid - thats me done for the day now

Scripophilist - 22 Mar 2005 16:28 - 1959 of 10502

Yeah, It is a poor day. I was thinking of throwing in the towel as I have just sat here and not seen many clear opportunities.

Kayak - 22 Mar 2005 17:53 - 1960 of 10502

Nice drifter in the last race at 17.45, which I nearly didn't bother waiting for. Caught it from 6.2 to 10/11 :-) Will it win do you think?

Kayak - 22 Mar 2005 17:55 - 1961 of 10502

Fancy that, it didn't.

Scripophilist - 22 Mar 2005 18:15 - 1962 of 10502

I just got my hands of an pretty heavy academic report on the prices of horses and the betting market. Basically the market is efficient and generally the price is most efficient just before the off. The movement in the market during the parade and before loading is reckoned to accurately modify the implied probability fairly well.

Scripophilist - 23 Mar 2005 14:06 - 1963 of 10502

Just made a stupid amount of money on the 14:05 @ Chepstow. Don't know what happened there but everything just went the right way. (For once!)

Fundamentalist - 23 Mar 2005 14:26 - 1964 of 10502

Subyan dreams at lingfield - you little beautie

Fundamentalist - 23 Mar 2005 14:44 - 1965 of 10502

scrip - 2.40 at chepstow was as good as an odds against favorurite as it gets - glad i left my profit running (i know im gambling lol)

Scripophilist - 23 Mar 2005 14:57 - 1966 of 10502

LOL! Makes your heart beat a bit faster.

Don't know what is going on today but everything is going perfectly. Famous last words no doubt!!

Scripophilist - 23 Mar 2005 15:00 - 1967 of 10502

Incidentally nice to see us on a different thread together. I understand the JSP business very well as I had a really good relationship with some of the senior management there a few years ago. Don't like companies that have been floated out of private equity fund though. They just leverage them up and ship them out usually. Caught my interest though because of the fall. By sticking a few quid in the pot it forces me to make a decision about it!!

Fundamentalist - 23 Mar 2005 15:01 - 1968 of 10502

scrip

ill second that - having a cracking day so far - waiting for it to bite back

kernow - 23 Mar 2005 15:02 - 1969 of 10502

Ticking along myself. A question - on the graphs how can money to back be bet but not taken at odds far below the current price e.g. some 2k at 1.01 and vice versa. I can see why you'd want to do this, just can't see how it is done? A bit like limit orders/stops.

Scripophilist - 23 Mar 2005 15:06 - 1970 of 10502

Lots of people lay 1.01 at X on every market open hoping that somebody makes a mistake. You wouldn't think it would be taken but I have seen it happen many times.

Scripophilist - 23 Mar 2005 15:12 - 1971 of 10502

Funny how the market does this; some days its a struggle and other days a breeze. Judging by the comments it appears to be a fair wind today.

Seven out of seven so far and not one mistake.

Fundamentalist - 23 Mar 2005 15:15 - 1972 of 10502

scrip

im proud to say 7 out of 7 too - though one of those was achieved in running having missed the off!!!

kernow - 23 Mar 2005 15:15 - 1973 of 10502

Script - obviously I'm not expressing my point properly. If I enter a bet @ 1.01 to back then it will be taken at current odds yet the Traded/available table shows the bet sitting there untraded?

Scripophilist - 23 Mar 2005 15:19 - 1974 of 10502

kernow, You see 1.01 to back available because somebody has laid it at 1.01, Give it a try. Find a market where there is no money at 1.04 or something. Lay 1.04 with 2 and refresh the table. You will see your money there as an available back at 2.
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