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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


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.

kernow - 11 Apr 2005 16:15 - 2245 of 10502

Script - mmm.. so that's why I'm still working :-)

bakko - 11 Apr 2005 22:26 - 2246 of 10502

I came across this over the weekend so thought it might be of interest to those who'll be on the Champions League games tomorrow and Weds.

Based on results of 2 legged ties since the European Cup began in 1955-56, the following shows the percentage of clubs who have progressed into the next round after finishing the 1st leg at home by the scores stated:

0-0 Chance of home team progressing 36%
1-0 ............................... 49%
1-1 ............................... 27%
2-1 ............................... 47% (Liverpool)
2-0 ............................... 83.5%
3-1 ............................... 73%
4-2 ............................... 50% (Chelsea)

From the above its quite interesting to see that the chances of Liverpool and Chelsea progressing are very similar. Note also that a 1-0 home win give an equally similar percentage.

kajman - 12 Apr 2005 08:58 - 2247 of 10502

Interesting bakko.

That would indicate that laying Chelsea to qualify at 1.23 would be a good bet?

Fundamentalist - 12 Apr 2005 09:26 - 2248 of 10502

Kajman

according to the stats yes however if you worked on the stats of how many games chelsea have lost by two goals (or even conceded two goals) this season then i feel you would get a very different perspective.

the joy of stats - you can usually find some to support your decision

Scripophilist - 12 Apr 2005 21:09 - 2249 of 10502

It is possible to mathematically work out the odds for qualification and I guess the market will be pretty efficient at doing that. Too late for tonight but I can have a look at the markets for tomorrow.

Scripophilist - 12 Apr 2005 21:10 - 2250 of 10502

Definately an offside goal there for Munich.

Scripophilist - 12 Apr 2005 21:24 - 2251 of 10502

Brilliant Chelsea goal. That's finished it! Well done Chelsea.

whyallasteve - 13 Apr 2005 10:23 - 2252 of 10502

Scrip

Can you recommend an accurate chart package/software that will give 'real time' quotes in line with Betfairs Intraday FTSE.

Scripophilist - 13 Apr 2005 10:36 - 2253 of 10502

I use my track because I can suck the data into a spreadsheet but I would have thought you could use Money AM as they have intra day streaming charts.

Kayak - 13 Apr 2005 11:02 - 2254 of 10502

whyallsteve, the MoneyAM streaming chart gets the FTSE tick only 1 sec or so behind and you can draw lines to show bet up/down. You do need to pay for it though.

whyallasteve - 13 Apr 2005 13:44 - 2255 of 10502

Kayak
Very happy to pay as long as it is accurate - overall should take some of the hesitation out of betting. Thanks Scrip - took a nice profit on Prins Willem :)

Fundamentalist - 13 Apr 2005 13:53 - 2256 of 10502

Have to confess to having a very large bet on Prins Willem in running once Tomina fell - happy happy days

Fundamentalist - 13 Apr 2005 14:20 - 2257 of 10502

What a beauty of a drifter Valixir has been

Kayak - 13 Apr 2005 14:34 - 2258 of 10502

whyallsteve, don't forget to look at the future, or pseudo-futures like spreadbetter indices, so that you know where the FTSE is going in advance of everyone on Betfair :-)
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