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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


bakko - 11 May 2005 23:18 - 2731 of 10502

Just been on the cricket tonight. What an epic finale!!

Layed off WI at 1.07 with 3 overs to go for a laugh and guess what?

Ha Ha Ha!!!


Fundamentalist - 11 May 2005 23:23 - 2732 of 10502

Guy on betfair claiming to have won 300,000 on the game tonight, most of it by laying 200,000 at 1.01 - nice nights work if you an get it

bakko - 11 May 2005 23:34 - 2733 of 10502

Evening Fundy,

Picked up your post regarding joining John and yourself at Haydock sometime. I'm not really into horses so not been to a race meeting before but looking forward to giving it a go. Will have to wait till after mid June as with my 1st wedding anniversary in 2 weeks time it won't go down too well with the Mrs if I'm having a knee's up with betfair mates!

Fundamentalist - 11 May 2005 23:37 - 2734 of 10502

Bakko

no probs about when - john and i have been trying to get to haydock together for at least 6 months probably more - if you go the aforementioned post it has the links to all the racing dates for the year at haydock.

bakko - 11 May 2005 23:42 - 2735 of 10502

Thanks Fundy, Will check it out properly,

Will be more than happy to meet up for that drink though. If we can grab John again I've a great place in mind for some nosh and drinks.

Fundamentalist - 11 May 2005 23:46 - 2736 of 10502

Bakko

sounds good -name the date and well sort it out

bakko - 11 May 2005 23:50 - 2737 of 10502

Will try and come up with a date over next few days as the mental diary is on low at this time of night!

Scripophilist - 12 May 2005 12:58 - 2738 of 10502

Fundy, Not so daft afterall, Peter Crouch is the new England striker!!

http://news.bbc.co.uk/sport1/hi/football/internationals/4518717.stm

Exotoxin - 12 May 2005 13:21 - 2739 of 10502

Consider this - to date over the years 43 of the 108 1st leg football league play-off matches have ended as draws - 40% (a 6/4 fair bet). There is no reason to think this year will be any different as there seem to be a number of tight matches. Bookies are offering 9/4 or 11/5 the draw for each match. Free money?

Fundamentalist - 12 May 2005 14:30 - 2740 of 10502

looks like glazier is going to get his hands on Man U as hes got the irish 30% now

Fundamentalist - 12 May 2005 14:35 - 2741 of 10502

huge gamble on perfect tone 14.10 at salisbury

Harlosh - 12 May 2005 15:19 - 2742 of 10502

Good day so far on the races.

Fundamentalist - 12 May 2005 16:32 - 2743 of 10502

Well done john, keep it going.

i got off to a flyer on the first 5 races then got called out to the site - just about to start again

Harlosh - 12 May 2005 16:38 - 2744 of 10502

Been a good day Steve. None of this loading one side with 50,000 and all that funny business. Scrip must be away today then!!

Harlosh - 12 May 2005 17:11 - 2745 of 10502

Having said that just got stuffed by Swiftway in the 17.05

Fundamentalist - 12 May 2005 17:45 - 2746 of 10502

Sorry to hear john - i managed to catch that the right way round - so far so good - just looked at my p&l for the day and im 14 from 14 :-))) feeling a loser may be round the corner

Any thoughts on the glazer takeover?

Scripophilist - 13 May 2005 11:34 - 2747 of 10502

You get the feeling Utd is coming to the end of an era. I remember Liverpool being so dominant in the 70's and 80's it seemed it would never end. Surely all this fuss can't do Utd any good?

Fundamentalist - 13 May 2005 11:38 - 2748 of 10502

Scrip

i think you and i both hope that at least it will have a short term effect and that they lose their next 2 games :-)))

Scripophilist - 13 May 2005 11:45 - 2749 of 10502

Been working on these odds for Sunday this morning. None of it makes any sense from a statistical perspective. Also weird to note that large bookmakers are finding it difficult to quote on Fulham vs Norwich and Southampton vs Man Utd. I do not know why. I note a lot of the spread bettors do not have quotes on these markets and subsets.

From the perspective of stats vs market prices the odds on the relegation teams are completely out of proportion to the theoretical odds.

Roughly working out I see the following:-

Soton vs Man Utd
Theory 3.27, 3.87, 2.30
Market 2.52, 4.10, 2.70

Fulham vs Norwich
Theory 1.64, 4.35, 6.23
Market 3.10, 3.85, 2.34

West Brom vs Portsmouth
Theory 1.70, 4.03, 6.09
Market 1.66, 4.00, 6.20

Charlton vs Crystal Palace
Theory 1.75, 4.98, 4.39
Market 3.40, 3.55, 2.30

Scripophilist - 13 May 2005 11:49 - 2750 of 10502

So, Only the West Brom vs Portsmouth match appears to be priced at normal value. The others have a very very heavy bias to the miracle of the last day. All the subset markets are reflecting the same issues. So next goal, total goals and correct score are significantly adrift from "normal" value. Of course the great unquantifiable here is just how much this great escape motivation will play on the last day. Also the motivation for the opposing teams must play on this. Curious stuff. Never seen such pricing but then again I have never seen such an end to the season!
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