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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


compoundup - 11 Jul 2005 19:09 - 3969 of 10502

Pro is working well. Was far too un-greedy on the 2:15 at Ayr and only made 1 tick 3 times. I'll test your tactic next chance I get. Children on holiday stopped play early today :-) Edward

compoundup - 11 Jul 2005 19:13 - 3970 of 10502

Fundamentalist, I've heard of a 2 horse race but never watched one before.

Fundamentalist - 11 Jul 2005 20:28 - 3971 of 10502

compound

race worked out nicely :-)

Scripophilist - 11 Jul 2005 20:53 - 3972 of 10502

Missed it. I am having one hour on and an hour off. I had a nasty mountain bike accident over the weekend (I'll save you the detail). But I was in hospital most of Sunday getting put back together again.

Fundamentalist - 11 Jul 2005 21:39 - 3973 of 10502

Peter

sorry to hear about the accident - hope you are ok and wish you a speedy recovery

bakko - 11 Jul 2005 21:51 - 3974 of 10502

Scrip,

I, too, am sorry to hear of your accident and hope your're back on your feet asap.

Fundamentalist - 11 Jul 2005 22:04 - 3975 of 10502

Evening all

Just been taking a look at the markets for The Open starting thursday and struggling to find much value.

Woods looks ridiculously short at 4.4/4.5 but with an early tee time on thursday will wait before looking to lay.

A few small E/W bets :

Stuart Appleby 110
Miguel Jiminez 110
Brian Davis 350

Thursday tee times link:


Fundamentalist - 11 Jul 2005 22:06 - 3976 of 10502

cant get link to work on new BB can anyone tell me how to do so?

the web page is:

www.opengolf.com/news/tee_times_official.sps

DocProc - 11 Jul 2005 22:08 - 3977 of 10502

Scrip

Sorry to hear that. :-(

You haven't been trying to bump up the kerb, have you?

Reminds me of when I was a 'butcher's boy' - one of my my part-time jobs, whilst at school. I'm talking 1957/58/59 and my wages were 1 per week plus tips.

I had a bike with small wheels and a wicker basket at the front, laden chocabloc with lovely joints of meat all nicely wrapped up in white kraft paper.

Not after I tried to bump the kerb with the bike one wet morning, they weren't! You simply can't bump a basket full of meat at the front of a butcher's bike but I didn't know that until I tried to do it!

hehehe

:-)

PS. You haven't grazed your chin, have you?

Scripophilist - 11 Jul 2005 22:38 - 3978 of 10502

Don't say I didn't warn you.

I was on the same route I have travelled hundreds of times only this time something must have been different as the wheel turned 90 degrees and threw me off forwards. I was going about 20mph and the towpath on the canal at that point is made from flint from the castle ruins adjoining the canal. I landed on my knees first and then whiplashed my head into the ground. I tore the skin off my knees, took a chunk out my head gently pealing back a small part which was by then the main contact with the ground, damaged my shoulder, hand, neck and the flint path kindly lacerated various parts of my body. Thank fully I didn't knock myself out or fall in the canal but I was losing a lot of blood and was in the middle of nowhere so I had to walk to find help. One and a half hours later I was finally in hospital where they cleaned up the wounds and stitched me up. They did a good job. I don't look too bad today but hell do I hurt and the bandages keep needing to be changed. I can only sleep on my back as well at the moment so my wife is well pleased with my constant snoring!

The good thing is I can still talk and type so to the outside world nothing has changed. I will be a hermit in my house for a week though. Can't do the school run either for fear of giving the children nightmares especially as I can't shave at the moment. Still it could have been much worse.

I did manage to retrieve the bike which actually looked completely untouched for some reason. Can't figure out what happened though. So much for the golf I booked for Friday.

Scripophilist - 11 Jul 2005 22:42 - 3979 of 10502

BTW, Footy's back this week Liverpool vs TNS (Who?)

Will be interesting to see the volume on this one. Lay Liverpool of course they ain't ever going to win the champions league are they?

Scripophilist - 12 Jul 2005 09:56 - 3980 of 10502

Harrington is out of the open after his father death. But there is still money available to lay him. I have taken as much as I want.

Harlosh - 12 Jul 2005 10:01 - 3981 of 10502

Not there now.

Scripophilist - 12 Jul 2005 10:02 - 3982 of 10502

That was quick, they voided him. Was worth a try, Certainly no risk. Currently the win market is showing 200% and the cut 2900% there is an arb in there somewhere.

compoundup - 12 Jul 2005 10:59 - 3983 of 10502

Sorry to hear of your latest mishap, Scrip. Does this come under the "nothing ventured" area of risk management? What with tree roots last year and mountain bikes this year, IMHO you need to lay-off some of these risks ;-)

Then again some of us can get into nasty scrapes without thinking we're taking on excess risk. LOL

kernow - 12 Jul 2005 11:44 - 3984 of 10502

I can do a risk assessment for you Script :-)
Choi is my initial Open bet. Looks good value to green after the cut.

Scripophilist - 12 Jul 2005 12:52 - 3985 of 10502

Life would be boring without risk and besides I will most likely have a war wound now to impress the girls.

compoundup - 12 Jul 2005 13:47 - 3986 of 10502

Scrip :-)

I have been watching the book on the Nat West 1-day England -v- Australia match. Despite England being under pressure right through their innings it has been extremely difficult to pick a position to trade. The big money is with Australia.

I think I would be right in saying that the flow of the odds will be easier to understand in the second (Australia) innings when the target number of runs is known and decay can be factored in to the estimation of probabilities.

To that extent not dissimilar from football match tactics. Any thoughts?

Fundamentalist - 12 Jul 2005 14:04 - 3987 of 10502

Compound

Been trading the game quite successfully - backed the aussies prior to the game. They tend to get a flier if they bat whereas with the new rules and the way England start their odds shorten quite quickly. Greened up at 1.09 though looking to back Australia again if the price gets back above 1.25 (it got to 1.24 before Pieterson was out grrr). Cant see anyway England can win - the pitch looks like 280-300 is a reasonable score and in the second innings Australia have an extra batsman (using their sub Katich) and England are a bowler light (having had to sub Solanki for Jones)

Scripophilist - 12 Jul 2005 14:53 - 3988 of 10502

I've fiddled with a few strategies on the cricket but not found any thing that works particulary well for me. First four horse races this afternoon have been good to trade.
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