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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 - 04 Dec 2004 15:02 - 251 of 10502

Chelsea match was good as well!

A wise move, if you are too close to getting emotional better to leave it.

On the Arsenal, Man U, Barcelona and Inter matches today and a bit on the others and the horse. Other than that I'm pretty quiet!!

Harlosh - 04 Dec 2004 16:11 - 252 of 10502

Perhaps as well you did Fundy.

Have you moved?????????????????

Fundamentalist - 04 Dec 2004 17:04 - 253 of 10502

John

no - still here - will find out what is happening on monday

Harlosh - 05 Dec 2004 17:10 - 254 of 10502

After 4 days of trading, I've doubled my money. 101% to be precise.
Did well on the horses today but even better on the football and rugby.

Harlosh - 05 Dec 2004 18:01 - 255 of 10502

Nice win on C.Palace v Charlton after greening up on the draw. (I know I shouldn't have)
Just as well, as Charlton scored in dying seconds.

Fundamentalist - 05 Dec 2004 20:31 - 256 of 10502

John

well done mate - looks like im going to be around the early part of the week if you wanted a look at the software

Scripophilist - 06 Dec 2004 16:40 - 257 of 10502

Harlosh, well done!

Spaceman - 06 Dec 2004 17:14 - 258 of 10502

what does "greened up" mean ?

Harlosh - 06 Dec 2004 17:20 - 259 of 10502

Spaceman,

It's basically a process of laying off a bet so that you win whatever the result eg whatever horse wins a race, you win. Marvellous.

kernow - 07 Dec 2004 08:07 - 260 of 10502

Just looking at FTSE bets. Can anyone tell me what the index open price is and how betfair determine it. Presumable it is not last night's close? TIA

Kayak - 07 Dec 2004 10:34 - 261 of 10502

Yes it is the previous night's close, kernow.

kernow - 07 Dec 2004 10:53 - 262 of 10502

Thanks Kayak. Given the 1 hr intraday shows the target figure I wonder why the midday/day ones don't.
Having great fun and greened up on the midday FTSE even if only +21p on the up!

Kayak - 07 Dec 2004 11:09 - 263 of 10502

Well done Kernow. To be honest I don't normally green up on the FTSE unless the outcome is very much in doubt. If it's pretty obvious it's going to stay one side or the other it just costs money to green up. It does mean you have to keep watching though.

kernow - 07 Dec 2004 11:32 - 264 of 10502

I take your point. The novelty of a profit either way was hard for me to resist :-) ...and I suppose a quick lurch down in the FTSE will let me stay green but increase the up profit. I'm content to look/learn for now.

chartist2004 - 07 Dec 2004 11:44 - 265 of 10502

Kayak - A Q ref Betfair am I able to cancel a ftse midday 'above' bet before the end of the hour's end? tia

Kayak - 07 Dec 2004 11:54 - 266 of 10502

Yes you can cancel any bet provided it hasn't been taken.

chartist2004 - 07 Dec 2004 12:10 - 267 of 10502

Thanks K ....

Kayak - 07 Dec 2004 22:26 - 268 of 10502

There is a new Betfair demo which you may like to try. Very glossy.

http://www.betfairpromo.com/tutorial/index.asp

Spaceman - 07 Dec 2004 22:36 - 269 of 10502

Thanks Harlosh

Scripophilist - 08 Dec 2004 11:20 - 270 of 10502

Another cracking night on the football last night. Managed to find a PC to log in at while at Canary wharf yesterday evening. Just couldn't resist the opportunity and a quick return too!!

Then decamped to Bar 38 and got drunk on the proceeds. Managed to (just) catch the last train home. Now regretting things this morning!!
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