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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.

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Scripophilist - 14 Jun 2005 16:11 - 3353 of 10502

Remarkable price action on the 16:20 at York, Big volume too 2m traded and still 10 mins before the off. Drifted out from 1.75 to 2.25 at worst.

Fundamentalist - 14 Jun 2005 16:14 - 3354 of 10502

Scrip

the horse in question was rakti - would be approx 1.3 if it didnt have temperament problems. The horse ran away from the jockey on the way down to the start.

I got caught on wrong side of it without a stop loss in place - ouch!!!!

Fundamentalist - 14 Jun 2005 16:22 - 3355 of 10502

nearly 3m matched on Rakti

Fundamentalist - 14 Jun 2005 16:24 - 3356 of 10502

phew!!!!!!!!

Scripophilist - 14 Jun 2005 16:28 - 3357 of 10502

Wasn't on the race itself as I have other things to do today unfortunately. Just goes to show why you need commentary!

"without a stop loss in place"

I guess you may put one on next time then! Congrats on your escape.

Fundamentalist - 14 Jun 2005 17:21 - 3358 of 10502

Scrip

i was watching it happen live, just the market was moving too quickly and i couldnt get filled

Dil - 14 Jun 2005 19:22 - 3359 of 10502

.

Fundamentalist - 15 Jun 2005 15:14 - 3360 of 10502

Sundrop traded at 1.02 in running before being caught on the line!!!

Scripophilist - 15 Jun 2005 15:41 - 3361 of 10502

I've noticed while trading York the price movement seems to be more persistant. I've raised my stakes today as the volumes are so high and when a small move sets in it is seems to not be clearer but easier to catch. Or am I just having a better day? ;)

Fundamentalist - 15 Jun 2005 15:50 - 3362 of 10502

Ive caught a couple of small moves but wasn't trading the last one and the moves on azamour and ouija board should have been nicely profitable

Fundamentalist - 15 Jun 2005 15:54 - 3363 of 10502

7 no trumps a beauty of a drfiter - laid at 2.48 green at 3.45 - nice!!!

Scripophilist - 15 Jun 2005 15:58 - 3364 of 10502

Just dropped you an email BTW.

Fundamentalist - 15 Jun 2005 15:58 - 3365 of 10502

Might have drifted but wins comfortably

Fundamentalist - 15 Jun 2005 18:01 - 3366 of 10502

See this evening there are 2 english and 1 irish meetings - and 1 of the english and the irish meeting have the same starting times - cant believe that they cant co-ordinate themselves better

Scripophilist - 15 Jun 2005 18:18 - 3367 of 10502

It's crazy isn't it. Maybe this is why racing is in a such a pickle. They just can't seem to adapt to the modern world. If they let Channel four racing die they will lose a whole new audience. All for the sake of 8m as well.

I have noticed recently that the volume of the non UK racing is increasing at the moment. Some of the markets are attracting pretty good volume. I was up late last night and found myself trading a race at 12:15am in the morning! Only as a test for sure but couldn't have seen myself doing that at the start of the year.

If they get aussie racing going then it could turn into a 24 hour a day thing!!

Fundamentalist - 15 Jun 2005 18:42 - 3369 of 10502

Scrip

must confess to the first few days when i was tesing i had a little dabble on the american racing - the only other prob apart from the liquidity is that they sometimes suspend the racing early ie way before the start (and the coverage on AtTheRaces is sooooo annoying)

Scripophilist - 15 Jun 2005 19:40 - 3370 of 10502

Doc saw that, great idea a little late though.

Scripophilist - 15 Jun 2005 19:40 - 3371 of 10502

Fundy, Yeah it's nothing like the UK yet. But getting better.

DocProc - 15 Jun 2005 20:13 - 3372 of 10502

Scrip

A little late because property prices are now most possibly 'at the top' or some other reason?

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