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How to profit from Betting Exchanges (BEX)     

Scripophilist - 27 Oct 2004 23:40


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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


ptholden - 23 Aug 2005 20:54 - 4219 of 10502

Guess I had better read the rules next time, win only market! LoL

Scripophilist - 23 Aug 2005 23:08 - 4220 of 10502

Re : That Liverpool trade, It would appear watching the momey is a good tactic. The trade stuck out like a sore thumb.

ptholden, I didn't see the market so not sure what the rules were but some matches do not go inplay so would have been suspended at kick off.

ptholden - 24 Aug 2005 09:20 - 4221 of 10502

Scrip

The Rosenborg match didn't go inplay, hence the suspension. Feeling my way around this at the moment, but backed Rosenborg to win so no harm done, would have preferred to green up though, rather than watching Steau Bucharest mount a late comeback!!

pth

Harlosh - 24 Aug 2005 16:31 - 4222 of 10502

pth,

If you're unsure, you can click on the Rules tab and that will tell you if the match is in play or not.

ptholden - 24 Aug 2005 16:36 - 4223 of 10502

Harlosh

Many thanks, found that out after I had placed the bet and wondering why it was suspended!

Is there an easy way to work out the mathematics of greening up?

pth

WOODIE - 24 Aug 2005 16:39 - 4224 of 10502

any thoughts on the test match thurs iam looking to back england then lay them in running

compoundup - 24 Aug 2005 16:42 - 4225 of 10502

Yes: take your line profit and divide it by the lay odds. If you lay-off the result at the lay odds you used you will be covered in green.

That's the basic idea but to do it justice I recommend a day with Scrip on 29th September.

Edward

ptholden - 24 Aug 2005 16:59 - 4226 of 10502

Edward

Thanks for the reply, and yes you are right I do need a day with Scrip!

Will give it a go this evening

pth

Scripophilist - 24 Aug 2005 18:47 - 4227 of 10502

All green on every champions league match for this evening so going to crack open some wine and enjoy. May be tempted into the market as well depending on what I see.

WOODIE - 24 Aug 2005 18:52 - 4228 of 10502

scrip what % profit do you make on each game

compoundup - 24 Aug 2005 19:51 - 4229 of 10502

pth - just don't travel by London Underground ok?

Fundamentalist - 24 Aug 2005 20:17 - 4230 of 10502

Evening all

First time ive looked at prices for a long while:

tonights footie - arsenal still odds on despite being 1-0 down - looks way to short to me (as an arsenal fan!) - fulham the outsider of the 3 potential results

cricket - not going to see much of the first 2 days as due to move on friday and still got way too much to do - personally dont like to get involved until ive seen a pitch report prior to the start and see who wins the toss. If England win the toss and bat would be looking to lay the Aussies if the price gets to or below 2.00 (which it is likely to do if the aussies take an early wicket). Draw price of 2.74 looks ridiculously low unless there is a lot of rain forecast (havent looked at it yet).

Fundamentalist - 24 Aug 2005 20:19 - 4231 of 10502

Shows how much i know - Arsenal back to 1-1

bakko - 24 Aug 2005 21:01 - 4232 of 10502

Evening everyone

Just got in. Looks like I've miissed out on a few goals. Will have to see what the vultures have left behind!

sealed - 24 Aug 2005 21:03 - 4233 of 10502

Back the draw in the man u v debrecen game, as I've decided not to green up my man u profits ;~)

Dil - 24 Aug 2005 21:08 - 4234 of 10502

Getting a stuffing this evening , can't complain as I've had my best month ever.

Start again tomorrow.

Scripophilist - 24 Aug 2005 21:09 - 4235 of 10502

I was considering laying Chelsea this evening but glad I didn't. Still a bit early in the season to pick any trends IMO.

bakko - 24 Aug 2005 21:32 - 4236 of 10502

Thanks go to Arsenal for a 3rd goal.

sealed - 24 Aug 2005 21:32 - 4237 of 10502

Greed does pay (once in a blue moon) :~)

Scripophilist - 24 Aug 2005 21:41 - 4238 of 10502

I am watching the Arsenal match they are all over Fulham and score should be much bigger. Struggling to type as this bottle runs dry. I always start with a glass but end up with an empty bottle somehow.
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