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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


bakko - 29 Jun 2005 16:52 - 3830 of 10502

Just traded out of Nalbandian who has been struggling in the 1st set. Too many break points against him.

Scripophilist - 29 Jun 2005 17:03 - 3831 of 10502

I've had a useless week on the horses for some reason. May take a break, been busy of late and may just be losing focus. Tennis has been good though.

Scripophilist - 29 Jun 2005 18:17 - 3832 of 10502

Plenty of money available on Johansson when 2-0 up in sets and serving at 40-15 @ 5-2 in the third. I dumped on 10k to cheer myself up.

Very strange to see money at 1.01 & 1.02 in that sort of situation. Will have to research if it really represents value.

bakko - 29 Jun 2005 19:08 - 3833 of 10502

Evening All,

Scrip, Well done on Johannson trade. It certainly paid off. I was on Nalbandian at the beginning and ended up on the wrong side for most of the 1st set. I've only got the radio to go by but it was very obvious that he was struggling so I got out as soon as there was an opportunity.

I'll send you an internal email later this evening.

Fundamentalist - 29 Jun 2005 19:09 - 3834 of 10502

Scrip

with regards to the horses im not sure its necessarily lack of focus - i have been thinking the same about myself with the horses.

Another possible theory is that a lot of the "regular" horses punters have been betting on the tennis instead so the money that has entered the market has entered it later.

Ive also wondered a couple of times this week whether someone is managing to put iceberg orders in the market - a few times one side of the book has just kept refilling time after time despite the weight of money indicating that the book should be moving. Complete speculation - wonder if youve heard anything.

See youre gambling on 1.01 shots - now we dont want to be laughing at one getting turned over when youre on it!!!

bakko - 29 Jun 2005 19:12 - 3835 of 10502

For those interested in footy Brazil v Argentina in the final of the confederations cup tonight. Its live on Channel 5, kick off at 7.45pm

Scripophilist - 29 Jun 2005 19:33 - 3836 of 10502

"Another possible theory is that a lot of the "regular" horses punters have been betting on the tennis instead so the money that has entered the market has entered it later."

The markets seem to be weaker and I was thinking a similar thing.

"Ive also wondered a couple of times this week whether someone is managing to put iceberg orders in the market"

When you see the charting in action you will see the weight of money is actually quite persistant. I have seen some odd movements but nothing outrageous.

Fundamentalist - 29 Jun 2005 21:02 - 3837 of 10502

"When you see the charting in action you will see the weight of money is actually quite persistant. I have seen some odd movements but nothing outrageous" - cant wait scrip!!!!

Scripophilist - 30 Jun 2005 11:28 - 3838 of 10502

Hi all,

The new API will allow us to see outside the three amounts to back or lay you normally see.

The question I have for you all is how would you like that information displayed? Obviously if you only had one selection on a screen that would be easy but more than one and suddenly things get more complicated.

Would be interested in your views.

bakko - 30 Jun 2005 12:55 - 3839 of 10502

Scrip,

I sent an internal email to you last night. Have you received it?

Scripophilist - 30 Jun 2005 14:07 - 3840 of 10502

Just replied..

Be aware (this applies to everybody) I get hundreds of emails a day so I always prefer a call over an email unless it is just giving information.

Scripophilist - 30 Jun 2005 14:07 - 3841 of 10502

We are close to completing the next additional module to Bet Angel professional. Here is a current screen shot. It charts, price, MAV, expected price range, volume, MAV volume and momentum indicators.

BaP-Charting_sml.jpg

Fundamentalist - 30 Jun 2005 18:45 - 3842 of 10502

Williams one set and a break up against sharapova

Fundamentalist - 30 Jun 2005 18:46 - 3843 of 10502

Proces Williams 1.46/Sharapova 3.25 - williams looks way too long to me

Fundamentalist - 30 Jun 2005 18:57 - 3844 of 10502

Some huge lays in the 18:55 at Epson for the second favourite Trimwaki - managed to ride it from 3.05 to 3.5 while the guy tried to lay 100k

Fundamentalist - 30 Jun 2005 18:58 - 3845 of 10502

Easily beaten - now theres a surprise lol

Fundamentalist - 30 Jun 2005 19:04 - 3846 of 10502

Williams breaks again 4-1 up in the second set :-)

Fundamentalist - 30 Jun 2005 19:21 - 3847 of 10502

Williams wins comfortably

Scripophilist - 30 Jun 2005 19:43 - 3848 of 10502

Williams looked really on song and Sharapova a little flustered for sure. Woman's tennis is much more entertaining than the mens!

cunningham - 30 Jun 2005 19:45 - 3849 of 10502

"Woman's tennis is much more entertaining than the mens!"

Whys that Script, anything to do with the grunting?
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