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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 - 11 Apr 2005 00:14 - 2225 of 10502

Bakko

oh so close

hats off to di marco - he has been so composed but woods having chipped in has finished 5 5 and thrown it away - ho hum i laid him at 1.06 - off to green up

Fundamentalist - 11 Apr 2005 00:21 - 2226 of 10502

Just refreshed betfair and my balance had gone up - just realised i had a place bet on Donald at the start of the tournament - so caught up in the head to head didnt realise hed finished 3rd lol

bakko - 11 Apr 2005 00:22 - 2227 of 10502

Nice lay off Fundy, hats off to you too!

I was green quite a few holes ago but backed DiMarco as he was gaining momentum earlier. I'll pick up a nice profit if Tiger wins but more than double again if DiMarco clinches it.

Fundamentalist - 11 Apr 2005 00:29 - 2228 of 10502

nice to see di marco lay it up short to try and chip it in - inch left of last time

Fundamentalist - 11 Apr 2005 00:29 - 2229 of 10502

nope - he pulled it lol

Fundamentalist - 11 Apr 2005 00:33 - 2230 of 10502

hats off to woods but di marco was the real winner for me

bakko - 11 Apr 2005 00:35 - 2231 of 10502

Well done Tiger!

I'm totally knackered out after watching this! Great play by both of them.

Good days work on the Betfair coalface too!

Fundamentalist - 11 Apr 2005 00:35 - 2232 of 10502

night bakko and all

Scripophilist - 11 Apr 2005 08:15 - 2233 of 10502

Was a cracker and some good price movement. I had to retire to bed as the kids are ill and giving us grief so needed to be available for back up. Just ended up watching it from bed but did have my PDA to hand!

Scripophilist - 11 Apr 2005 08:17 - 2234 of 10502

We should all be playing better golf after last night.

http://news.bbc.co.uk/1/hi/health/4417997.stm

Scripophilist - 11 Apr 2005 10:54 - 2235 of 10502

Had a quick nose at prior research I did on backing before a match is off. My data collection is about two months behind at the moment and I am planning on catching up in the summer. However when I reviewed this last the following was the situation.

Biggest cause of loss is the 0-0 draw. This is a pretty consistant theme actually as the 0-0 draw occurs with remarkable regularity regardless of how strong the home team is. This accounted for half the failures where the home team did not score first. However where the away team scores first the home team still goes on to win 50% of the time.

Covering your position at half time will probably lose you around 40% of the stake but then you will only lose that if the home team go on to win. 0-0, 1-1, 2-2 accounts for nearly 42% of half time scores so you would find yourself in that situation quite often. I guess thats were the skill comes in if you find yourself in that situation.

I'm working on intregrating a whole host of stats into the trading app I have developed. I have it pencilled in for the summer but it will track all the football markets and highlight opportunities for you based on your assumption of what could happen next. You will be able to watch a match live and ask it questions like, If Man U are 1-0 up away to Chelsea with 20 minutes to go what will be the price of the X market and how quickly will the price change to Y and so on. That should answer nearly all question you could possibly have.

I trailied a very rough and ready version on the England vs Azer match. It said the total goals market for 7 or more should have been priced around 80-1 instead of the 5-1 the market offered which is why I thought it was a lay.

Fundamentalist - 11 Apr 2005 11:27 - 2236 of 10502

Scrip

i find the comment re: 0-0 draws the most interesting - i have recently been looking at whether a hedge on a 0-0 scoreline when backing the favourite is worthwhile.

Diego - 11 Apr 2005 13:59 - 2237 of 10502

Fundy, it was certainly worthwhile for me with Chelsea and ManU last weekend. Probably only worthwhile if you've a small account with a stop/loss. Scrip, would your stats available to buy etc.?

D

Fundamentalist - 11 Apr 2005 15:51 - 2238 of 10502

having a shocker on the horses this pm - hope others are doing better

kernow - 11 Apr 2005 16:00 - 2239 of 10502

Script - "However where the away team scores first the home team still goes on to win 50% of the time." An amazing (to me anyway) stat this. It seems to imply several relatively simple bet strategies e.g. back all 0-1 at better than 2's. Is there a catch?

Harlosh - 11 Apr 2005 16:00 - 2240 of 10502

Just started Steve, nice mover Josear in the 4pm at Stl.

chartist2004 - 11 Apr 2005 16:00 - 2241 of 10502

Was doing ok untill Countrtwide Belle and Dun Rose won!!

Scripophilist - 11 Apr 2005 16:05 - 2242 of 10502

"having a shocker on the horses this pm - hope others are doing better"

Opportunities seem a little Spartan today.

Scripophilist - 11 Apr 2005 16:06 - 2243 of 10502

Kernow, "Is there a catch?"

Yes, Not all opportunities are created equal. In terms of scoring power or time in the match. I am afraid for gamblers its the flaw of averages.

Scripophilist - 11 Apr 2005 16:09 - 2244 of 10502

"Opportunities seem a little Spartan today."

In general the races are not presenting the right sort of conditions today.
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