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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


Fundamentalist - 08 Apr 2005 14:15 - 2147 of 10502

Afternoon all

off to a cracking start - traded the first race at aintree well and then let all the profit run on like a butterfly at 8.6 - greened up at 1.4 though could have let it run

Have made an interesting trade on Moscow Flyer - has never lost if it has finished and this looks a lot weaker than the cheltenham race. Have backed at 1.41 and layed the place for the same amount at 1.22. Effectively an even money bet that it will win vs not finish second - any other result is break even

Harlosh - 08 Apr 2005 14:18 - 2148 of 10502

Hi Steve, not been around much lately. Hoping for a couple of good days on the races. Might be a bit rusty though.

Fundamentalist - 08 Apr 2005 14:19 - 2149 of 10502

Southwell

racing to be delayed by approx 30 mins due to one of the two required doctors being stuck in traffic

Harlosh - 08 Apr 2005 14:26 - 2150 of 10502

Cocks things up somewhat!

Fundamentalist - 08 Apr 2005 14:48 - 2151 of 10502

Interesting race at lingfield:

1.4 favourite
3.8 second favourite
32.0 the winner lol

southwell first race about to go off

Fundamentalist - 08 Apr 2005 15:19 - 2152 of 10502

Moscow Flyer - pure class - and a steal at 1.5 lol

Harlosh - 08 Apr 2005 15:24 - 2153 of 10502

Indeed it is.

Fundamentalist - 08 Apr 2005 15:41 - 2154 of 10502

John

i was amazed the bookies wanted to lay him - they must be taking a real hiding at this meeting now - always nice to see

Scripophilist - 08 Apr 2005 23:57 - 2155 of 10502

Traders day attendee's saw the race live today. Shame I missed it and 3.5m traded as well!

kajman - 09 Apr 2005 09:47 - 2156 of 10502

It wasn't explained why Scrip layed Moscow Flyer in front of 200 people though. ;-)



Fundamentalist - 09 Apr 2005 10:25 - 2157 of 10502

Kaj

i hope he laid it at approx 1.4 and backed it back at 1.5 - otherwise, scrip thanks for the money again lol

kajman - 09 Apr 2005 11:20 - 2158 of 10502

:-)
Actually he backed it at the same price a few seconds later just to demonstrate the method. I was curious when the lay went on though.

Scripophilist - 09 Apr 2005 12:07 - 2159 of 10502

I like taking risks! I did manage to trade the 15:20 as well while still doing the presentation.

Fundamentalist - 09 Apr 2005 12:27 - 2160 of 10502

Scrip

youre never one to miss an opportunity lol - i hope youve not spread the gospel alot thinner again lol.

are you trading the football/horses today?

Scripophilist - 09 Apr 2005 13:51 - 2161 of 10502

I'm too hung over to do anything decent today but will probably be doing the football and some of the racing. I've given the family some money each to punt on the grand national.

Scripophilist - 09 Apr 2005 13:57 - 2162 of 10502

I see Amberleigh house is out to 24-1

Diego - 09 Apr 2005 14:26 - 2163 of 10502

Gone for the bankers of the day. Backed Chelsea at 1.35 and Man U at 1.39.

Scrip, you may be interested to know of my progress. I'm now over a third the way of recouping my course's fees.

D.

Fundamentalist - 09 Apr 2005 16:29 - 2164 of 10502

what a joy in play betting is on the national

laid 3 horses successfully and backed the winner at 7.2

Scripophilist - 09 Apr 2005 16:30 - 2165 of 10502

LOL, My three year old son picked 1st and 2nd place in the family two selection sweepstake.

Harlosh - 09 Apr 2005 17:01 - 2166 of 10502

I had backed Hedghunter in the antepost market at 25's. Later laid it off so had 116 riding on it. Very nice.
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