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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


Fundamentalist - 08 Jun 2005 16:12 - 3250 of 10502

Scrip

same here - had a couple of small gains but not traded most of the races. Doesnt look like itll be any better this evening with 2 of the 3 meets going off at the same times

whyallasteve - 08 Jun 2005 19:57 - 3251 of 10502

Does anybody know if there is access to data that would show the percentage that a favourite; in horse racing, has gone on to loose (or win)?

Steve

Scripophilist - 08 Jun 2005 20:07 - 3252 of 10502

I have it. About a third of all favourites win.

http://www.probabilitytheory.info/topics/efficiency_betting_market.htm

whyallasteve - 08 Jun 2005 21:11 - 3253 of 10502

Thanks Scrip
mmmm.. so if about a third win, two thirds must lose....very interesting....:-]

whyallasteve - 09 Jun 2005 13:47 - 3254 of 10502

Is anyone having trouble bringing the markets up on Betfair?

kajman - 09 Jun 2005 13:51 - 3255 of 10502

After 2 days trading I've finally greened up for a profit on Big Brother's Friday eviction. Probably due to the favourite Lesley's sexy Policewoman uniform. :-)

kajman - 09 Jun 2005 13:55 - 3256 of 10502

I have a total of 32 individual bets on that market - for a profit f 1.50 !

So who holds the record for the largest number of bets on a single event? Is it Scrip?

Fundamentalist - 09 Jun 2005 14:03 - 3257 of 10502

Kaj

glad to see you are green - i have a nasty red number under lesleys name!

as for most bets, i dare say some of the races i traded early on would come close - evertime the market moved there i was clicking away lol

(just checked - i only had 23 bets on the BB eviction lol)

whyallasteve - 09 Jun 2005 14:04 - 3258 of 10502

Markets back on :-)

Scripophilist - 09 Jun 2005 14:11 - 3259 of 10502

When I've been testing some hyper trading strategies I have often clocked up hundreds of bets on each race. In an afternoon that can run into thousands. But I recommend that the best strategy is a few good quality decisions rather than hundreds of poor ones.

sealed - 09 Jun 2005 14:16 - 3260 of 10502

111 on the recent windies v pak 1st test, practicing the MM technique from scrips course. Obviously need a bit more practice as it shouldn't have ended up an odd number lol.

kajman - 09 Jun 2005 14:20 - 3261 of 10502

Scrip - So it's your fault they had to upgrade the capacity then. ;-)

Fundy sorry you still have red. I'll vote Sam for you.

bakko - 09 Jun 2005 14:27 - 3262 of 10502

Just been trading the Antic v Gasquet blind. I don't have pictures and have to rely on the live scoreboard which was down for the whole 1st set. They're back on.....Phew!

BTW My money is on Antic.

Fundamentalist - 09 Jun 2005 14:33 - 3263 of 10502

Kaj

im treating it as a learning lesson - dont get involved in stupid markets where you dont know the full story - the other side of the trade have the edge!!!

Scrip

:-)

Kayak - 09 Jun 2005 14:39 - 3264 of 10502

I'm not trading BB this year due to lack of time, although I made a fair whack last year. Anyone looking to make money on it should bear in mind that the full internet feed sitting running on your desktop the whole day is pretty essential... as is reading the bulletin boards to see shifts in popular opinion.

Fundamentalist - 09 Jun 2005 14:40 - 3265 of 10502

Not normally one to boast my good trades (well only occasionally lol) but have just made over 100 on one trade on the horses for the first time:

14.40 Ripon, My Diss Sire - laid at 2.84 for 500 and backed back and greened up at 3.65

WOOOOOOHOOOOOOO!!!!


Scripophilist - 09 Jun 2005 14:41 - 3266 of 10502

Fab move on My Diss Sire on at 15:40, Fully 100% or 20 ticks which ever is your flavour.

Scripophilist - 09 Jun 2005 14:42 - 3267 of 10502

Great minds and all that! :)

Scripophilist - 09 Jun 2005 14:43 - 3268 of 10502

Drifted like a barge down the Thames on a windy day!

Fundamentalist - 09 Jun 2005 14:44 - 3269 of 10502

Scrip

ran like a horse in the thames lol!!!
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