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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


Bullshare - 01 Dec 2004 11:57 - 227 of 10502

23rd Feb it is, in London. Details will be going up on the GLOMTC website over the next few days

jeffmack - 01 Dec 2004 12:43 - 228 of 10502

I'm up for the London course

Harlosh - 01 Dec 2004 16:26 - 229 of 10502

Well, what a day. Fast and furious stuff this. A race every 10 mins.

Results: 17 races
7 winners
6 draws
4 losers

First loser was my first ever attempt and I suffered the biggest loss. I got better after that.

On the day, fractionally under 10% profit. So a result.

Fundamentalist - 01 Dec 2004 17:50 - 230 of 10502

John

well done mate - good luck with tonites footie

Harlosh - 01 Dec 2004 18:30 - 231 of 10502

Thanks Steve,

Prob ring you tomorrow.
Couldn't resist the races at Wolverhampton. I know I shouldn't but they're good practice. Bagged another winner so improved my % gain.

Scripophilist - 01 Dec 2004 19:59 - 232 of 10502

Sorry Fundy couldn't stop laughing when Arsenal went 1-0 down in 30 secs. That's the quickest greening up ever I think. I'm not on the match itself just covering my Carling Cup winner position but couldn't believe my luck that I could cover after less than a minute!! Win, win now.

Scripophilist - 01 Dec 2004 19:59 - 233 of 10502

Well done Harlosh on the days work.

Fundamentalist - 01 Dec 2004 22:11 - 234 of 10502

Scrip - i did think of you when the goal went in - ho hum it was only the mickey mouse cup. i managed to nick a few on the back of weight of money but found it hard backing manure then laying it back off

Scripophilist - 02 Dec 2004 16:47 - 235 of 10502

Uefa set to launch betting probe

http://news.bbc.co.uk/sport1/hi/football/europe/4062519.stm

I was watching the drama unfold on Betfair and such was the pattern of betting that it was obvious something was up. The match played out exactly as the odds dictated. The forums on Betfair were awash with people predicting the flow of the match and remarkably (though it shouldn't be) the match followed the pre set betting patterns. So obvious, that somebody is surely going to get found out for this. Incredible stuff.

For posterity I kept a copy of the betting patterns to document at some point in the future. Similar patterns are developing in the Lazio match tonight but not so distinct so I think this may be the madness of crowds after last night.

Scripophilist - 02 Dec 2004 16:48 - 236 of 10502

I considered punting some money on it but won't have anything to do with anything suspect so just watched it from a distance.

Scripophilist - 02 Dec 2004 16:50 - 237 of 10502

Prices all over the place at the moment on Lazio, Big arbs available if you dare but I think bookies may not payout.

Harlosh - 02 Dec 2004 19:11 - 238 of 10502

Thanks for the info Peter

Scripophilist - 02 Dec 2004 20:23 - 239 of 10502

You can watch the Lazio match live on the internet. Works really well over broadband. Commentary in Italian though. Delay is around 15 seconds at my end.

Scripophilist - 02 Dec 2004 20:23 - 240 of 10502

http://mms://vmedia.tin.it/LA7-180K

Harlosh - 03 Dec 2004 17:26 - 241 of 10502

17 races again today.
4 winners
1 loser
12 draws

Made a decent profit considering my bet sizes.
Problem I'm having is my bets are too small to 'geen up'.
Once I'm more confident, I'll up my stakes enabling me to green up. Then the number of draws should reduce and the winners increase

Harlosh - 03 Dec 2004 17:59 - 242 of 10502

Scrip,

Just wondered what you thought of the card today
I found it a little hard going at times with a lot of races not showing a clear favourite.

TPO - 03 Dec 2004 20:21 - 243 of 10502

What's the general tactic with footy matches ? Do you just trade them based on POM ? Or do you go into a match betting in favour of the most probable outcome and try to trade out if it doesn't turn out as planned ?

DocProc - 03 Dec 2004 20:29 - 244 of 10502

There is some interesting and slightly complicated betting/laying stuff on I'm a Celebrity GMOOH to be done when playing the Top Woman/Top Man scenario as a hedge against other bets. Useful training.

Edit: Am now greened up on either Sophie or Janet winning Top Woman.

PS. Considered a bet on Paul winning this one. Couldn't get the odds I wanted and so had to leave it out. ;-)

TPO - 03 Dec 2004 21:45 - 245 of 10502

The 5th elimination has been fun tonight.... 1st & 2nd favourites swapped. I'm all greened up now.

Scripophilist - 03 Dec 2004 22:22 - 246 of 10502

Unfortuntately I was not on the horses today as my wife is Ill with the thing I had two weeks ago. So only one left in the family not to get it. Hope I haven't passed anything on!!
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