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How to profit from Betting Exchanges (BEX)     

Scripophilist - 27 Oct 2004 23:40


ladder.gifBA_Logo.gif

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 - 20 Apr 2005 15:07 - 2331 of 10502

I thought Perth was in Aus, Where is it in the UK?

Piptrader - 20 Apr 2005 15:15 - 2332 of 10502

About 40 miles north of Edinburgh.

Hope Treble didn't hear that question :-)

kajman - 20 Apr 2005 15:30 - 2333 of 10502

How do you use the percentage figures above the odds on the Betfair screen? If it's over 100% does that mean it is possible to bet on all outcomes to guarantee a win?

On Chelsea Arsenal at the moment it shows 100.7% above the back odds, and 99.2% above the Lay odds. Does that mean you can arb a profit by backing all in the correct proportion?

Scripophilist - 20 Apr 2005 15:39 - 2334 of 10502

What a race in the 15:30 breathtaking stuff!

Scripophilist - 20 Apr 2005 15:40 - 2335 of 10502

Kajman its the overround, under 100% to back or over 100% on the lay means a sure profit.

kajman - 20 Apr 2005 19:09 - 2336 of 10502

Thanks Scrip,

does that happen often or is there some software that continually looks for that situation and exploits it?

Scripophilist - 20 Apr 2005 19:28 - 2337 of 10502

Unfortuntely there is loads!!

Fundamentalist - 20 Apr 2005 19:49 - 2338 of 10502

last race at lingfield

petardias magic backed from 9-1 into 4-1 favourite in the last 10 minutes, won easy!!!

Scripophilist - 20 Apr 2005 20:07 - 2339 of 10502

Missed it, I had to have dinner.

Fundamentalist - 20 Apr 2005 20:14 - 2340 of 10502

oh dear, no henry, no ljundgberg and pires has left his shooting boots in the dressing room - should be 2 up in 10 minutes

Harlosh - 20 Apr 2005 20:19 - 2341 of 10502

Hope your sitting this one out Steve.

Fundamentalist - 20 Apr 2005 20:21 - 2342 of 10502

john

ive got the man utd game prices on my screen not the chelsea arsenal ones - way too emotional lol (though 4.1 is tempting)

Harlosh - 20 Apr 2005 20:24 - 2343 of 10502

Utd seem to be on top if the stats are anything to go by.

bakko - 20 Apr 2005 20:25 - 2344 of 10502

Evening Guys,

Been quiet again recently as away last weekend so missed out on some potential fun.

Poor start to the week but picking up steam again with a few tennis wins over last 2 days

On ManU game tonight. After the Newcastle high they'll probably be a let down tonight!

Harlosh - 20 Apr 2005 20:27 - 2345 of 10502

Yo! bakko

61% - 39% possession in favour of Utd at the moment.

Fundamentalist - 20 Apr 2005 20:29 - 2346 of 10502

its about that for arsenal so far too - there again chelsea hoof it forward at the earliest opportunity - is this really what 300m buys lol

Scripophilist - 20 Apr 2005 20:37 - 2347 of 10502

I see there is a definite conspiracy to send Southampton down!

Scripophilist - 20 Apr 2005 20:37 - 2348 of 10502

I around this evening so post up if you want some stats.

bakko - 20 Apr 2005 20:38 - 2349 of 10502

With all the possession, surely a goal can't be too far away. Come on !!!!

Fundamentalist - 20 Apr 2005 20:42 - 2350 of 10502

chelsea had a couple of chances - getting more into it
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