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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


cunningham - 09 May 2005 20:29 - 2649 of 10502

That cost me on Virture as well, and was it me did the odds for the favourite reduce down to 1.03 in running. Not bad for a horse that wasn't running.

Scripophilist - 09 May 2005 20:30 - 2650 of 10502

I've seen that many times. I can only hypothesise that bots are programmed to offer prices automatically or third parties are unable to see the images. Very strange you see it happen all the time.

Scripophilist - 09 May 2005 20:31 - 2651 of 10502

I feel sorry for Forest fans. I remember the double european cup winning side very well and to think they will start next season in the old division three is incredible for anybody that experianced their halcyon days.

cunningham - 09 May 2005 20:32 - 2652 of 10502

So what does the 35.3% come off of. This is what I am still trying to work out. Is from the odds on that horse that have all ready been matched, or does it effect the rest of the field in anyway?

Fundamentalist - 09 May 2005 20:34 - 2653 of 10502

Cunningham

If you divide the price the horse was quoted at into 1 you get the percentage chance the horse had (when all added up givr you the over round figure)

Fundamentalist - 09 May 2005 20:35 - 2654 of 10502

Why no rule 4 on Count Kristo which also didnt start???

cunningham - 09 May 2005 20:35 - 2655 of 10502

So it only effects the overround nothing else?

Fundamentalist - 09 May 2005 20:37 - 2656 of 10502

No - effectively if it had a 35% chance of winning then each of the other horses have a 35% greater chance of winning if it doesnt run

Count Kristo rule 4 9.6% - why has this increased my loss????

Scripophilist - 09 May 2005 22:48 - 2657 of 10502

A sneak preview....http://www.betangel.com

Fundamentalist - 09 May 2005 23:15 - 2658 of 10502

Scrip

looks interesting and very helpful.

Like the look of the fill or kill and trailing stops especially. Appears to negate the need to flick back and forth between ABPro and betfair. Dont understand the 2 different levels of stops but dare say all will become clear.

Any idea of what the full package is going to cost?

kernow - 10 May 2005 07:37 - 2659 of 10502

Scrip - just seen the demo and like the look of it. Also very pleased you recognise the quality of Plymouth Argyle :-)

cunningham - 10 May 2005 08:50 - 2660 of 10502

Scrip,

Looks impressive, thank you for posting the link. Now can you just keep the pressure on the developers to get it finished. :-)

bakko - 10 May 2005 10:17 - 2661 of 10502

Scrip,

Looks pretty good.

I, too, like the trailing stop loss facility as it can be a life saver when needing to get out of potentially catastrophic situations.

Harlosh - 10 May 2005 10:21 - 2662 of 10502

I'm just getting a little red cross in the corner. Anyone know what I've done to block it?

Scripophilist - 10 May 2005 10:21 - 2663 of 10502

Thanks for the comments.

We have worked hard to make it as foolproof as possible. So much so that I can go make a cup of tea during trading and it will sit there and happily work away. We are pretty close to getting it out the door. We just spent ages testing it (you don't want it to go AWOL with large stakes) and we also couldn't stop adding features. So we thought we would draw a line in the sand and get it out there.

You could use it happily in its current form but it just needs a bit of tidying and tightening up.

Harlosh - 10 May 2005 11:02 - 2664 of 10502

baks,

Have you got a live site for the Hamburg scores?

Fundamentalist - 10 May 2005 11:09 - 2665 of 10502

John

link beloew appears to be live


http://www.eurosport.com/tennis/


Did you have a chance to look at the haydock dates i posted yesterday?

Harlosh - 10 May 2005 11:11 - 2666 of 10502

Thanks Steve. Must confess I haven't seen the post re Haydock. I'll look back.

Fundamentalist - 10 May 2005 11:13 - 2667 of 10502

John

post 2629

bakko - 10 May 2005 11:16 - 2668 of 10502

Morning John

www.dtb-tennis.de

Its all in german but you'll at least understand the scoring!

Although its supposed to be live I'm finding that its a bit slow on the updates.
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