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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


Harlosh - 27 May 2005 15:26 - 3094 of 10502

Bakko,

Just noticed the result of the Acasusco/Roddick game yesterday.

Congratulations on your analysis. Very clever.

Fundamentalist - 27 May 2005 15:32 - 3095 of 10502

Afternoon john,

Good analysis but must have been quite nervy at 2-0 Roddick - i wonder what price Acasusco was at that point?

Fundamentalist - 27 May 2005 15:48 - 3096 of 10502

Teach me to claim its going to be a lucky day. Just got disconnected as trying to trade out of a bet just before the off on a 5f race. Couldnt reconnect quick enough to trade out so lost the whole stake - OUCH!!!

Harlosh - 27 May 2005 15:53 - 3097 of 10502

Hi Steve, sorry to hear that.

Been trading on the tennis this morning. Getting the hang of it now. All green now so can relax with a nice profit. On the horses now.

Scripophilist - 27 May 2005 16:21 - 3098 of 10502

Steve sorry to hear your issue. Try sitting on the lay side only and in the event you can not get out you will be safe more times that not.

Fundamentalist - 27 May 2005 16:22 - 3099 of 10502

John

sh*t happens - at least im sticking to my rules and have stopped trading to make sure i dont chase it.

Going to go to the house and see if anything needs the help of my 18lb sledgehammer - should settle me down lol

kajman - 27 May 2005 19:56 - 3100 of 10502

Well I worked out how to use BetAngel today. I like it. It certainly lets me catch some of the quick market moves. Thanks Scrip.

Just playing with 100 in my account. This is todays results:


Financial Bets: GBP4.65 | Horse Racing: GBP28.11 Total P&L: GBP32.76

Horse Racing Showing 1 - 12 of 12 markets
Market Open date Profit/loss (GBP)
Horse Racing / Catt 27th May : 1m4f Mdn Stks 27-May-05 16:20 -1.60
Horse Racing / Brig 27th May : 1m2f Claim Stks 27-May-05 16:10 0.00
Horse Racing / Wolv 27th May : 6f Mdn stks 27-May-05 16:00 9.50
Horse Racing / Catt 27th May : 6f Hcap 27-May-05 15:50 3.26
Horse Racing / Wolv 27th May : 1m1f Hcap 27-May-05 15:00 1.96
Horse Racing / Catt 27th May : 1m6f Sell Stks 27-May-05 14:50 0.24
Horse Racing / Wolv 27th May : 1m Sell Stks 27-May-05 14:30 11.78
Horse Racing / Catt 27th May : 5f mdn stks 27-May-05 14:20 0.19
Horse Racing / Brig 27th May : 6f Mdn stks 27-May-05 14:10 1.20
Horse Racing / Golden (US) 26th May : Race 8 27-May-05 00:38 -0.50
Horse Racing / HollyP (US) 26th May : Race 7 27-May-05 00:23 0.09
Horse Racing / HollyP (US) 26th May : Race 6 26-May-05 23:53 1.99
Profit and Loss is shown net of commission.

kajman - 27 May 2005 20:05 - 3101 of 10502

Now I'm looking forward to the Sexy Tractor.

Scripophilist - 27 May 2005 20:50 - 3102 of 10502

Over 30% in one day ain't bad at all. Well done.

kajman - 28 May 2005 01:14 - 3103 of 10502

liverpool.jpg

Fundamentalist - 28 May 2005 10:47 - 3104 of 10502

Brilliant kaj

Dil - 28 May 2005 12:41 - 3105 of 10502

lol

Anyone know why my bet on Valandri v Acasuso was voided ? The match started but ended after 3 games , didn't see it so have no idea what happened or what the rules are regarding this. I thought as long as the match started then you paid your money and took your chance.

Scripophilist - 28 May 2005 12:50 - 3106 of 10502

Volandri retired. There were quite a few tipsters on Acasusso, so they got it right but failed to bag any money.

Dil - 28 May 2005 12:54 - 3107 of 10502

But why void it if the event had started ?

What rule does this come under ?

Cheers.

Scripophilist - 28 May 2005 12:58 - 3108 of 10502

Standard rule for Tennis.

"If the first set is not completed all bets on this market will be void."

Dil - 28 May 2005 13:35 - 3109 of 10502

Git could have struggled through another 3 games for me :-)

Cheers Scrip

Harlosh - 28 May 2005 14:34 - 3110 of 10502

Lol!

B-P - 29 May 2005 14:03 - 3111 of 10502

Scrip,
The new tutorial that you have put on your bet angel site works great. (thanks.)
Cant wait to use ------- the blow your balls off PRO VERSION

Fundamentalist - 29 May 2005 14:53 - 3112 of 10502

Anyone having probs with betfair/ab pro running slow this afternoon?

Harlosh - 29 May 2005 15:28 - 3113 of 10502

Did earlier on in the day Steve but not been on for a while.
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