Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

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


Scripophilist - 05 Oct 2005 15:43 - 5035 of 10502

I've heard of people's PC's being one hour out due to being on GMT and not BST. Could that be the issue?

Fundamentalist - 05 Oct 2005 15:47 - 5036 of 10502

Helen

had this prob a while back and resetting the time on the pc then rebooting did the trick.

(Im just trying to get the reverse to happen now (be trading on thje race that finished an hour ago :-) )

HelenW - 05 Oct 2005 15:50 - 5037 of 10502

Time on my computer is correct and this is the first time it's happened. bit of a mystery. Just clicked on 4.20 Nott and got card for 5.20 My list on Betfair doesn't include 4.10 Exeter.

Harlosh - 05 Oct 2005 15:57 - 5038 of 10502

Are you on today's card Helen?

Scripophilist - 05 Oct 2005 15:57 - 5039 of 10502

Could be worth checking regional and language settings on your PC?

HelenW - 05 Oct 2005 16:03 - 5040 of 10502

Yes, Harlosh I am on today's card - cheeky wotsit :0) Phoned betfair - they said it was their problem. Disputed this as no-one else affected, changed to GMT +1 in profile and it seems ok. Thanks for the help, all. H

Harlosh - 05 Oct 2005 16:05 - 5041 of 10502

Lol!!!

Scripophilist - 05 Oct 2005 16:40 - 5042 of 10502

Fun and games in the 16:30!

ptholden - 05 Oct 2005 17:17 - 5043 of 10502

Bets on 12 races today, in profit on 10, so not a bad day, although some of them were a bit messy!

pth

Scripophilist - 05 Oct 2005 17:20 - 5044 of 10502

I was having an excellent day till the 16:50 and made a bit of a hash of that one; but that was the only race I lost money on, other than that not a bad day.

Scripophilist - 06 Oct 2005 15:52 - 5045 of 10502

Watching the 15:50 with interest. Harrys dream priced at 1.19 before the off, may lay in running at short odds if well in the lead.

Fundamentalist - 06 Oct 2005 15:59 - 5046 of 10502

Scrip

hope you didnt lay for too much

had a lump on - it was a training exercise!

ptholden - 06 Oct 2005 17:34 - 5047 of 10502

9 winners today vice 4 losers, unfortunately the overall result ended up as a financial loss. However becoming a little more familiar with the software and learning to leave some races alone.

Scrip, I must be missing something here, why would you wish to lay the 'odds on favourite' whilst in running?

pth

DocProc - 06 Oct 2005 17:44 - 5048 of 10502

"Harrys dream priced at 1.19 before the off, may lay in running at short odds if well in the lead."

That's the kind of thing I'm missing too, pth. :-)

"....in the lead" is one thing. "....well in the lead" is another.

So there's a horse, the odds-on favourite, well in the lead and the race is running. Obviously, it could get beaten at the post and as they all get nearer to the post, the chance of this unfortunate thing happening increases. But it is the odds-on favourite and it is well in the lead.

I need something more to go on here....

:-)

Scripophilist - 06 Oct 2005 18:28 - 5049 of 10502

If it was well in the lead at tiny odds my liability is minimal but it would still have quite a few fences to jump so it was really a judgement on if it would stumble at one of the fences. As it was it ran very well and never looked like making an error.

Scripophilist - 06 Oct 2005 18:34 - 5050 of 10502

I would say that this week has been difficult on the horses. No blockbuster days for me this week at all. The first three races I couldn't make any money on at all and indeed made a small loss but the rest of the card was better to me in terms of ability to trade.

I was -3, +9 today. I would rate today as maybe a 4/10 in terms of ability to trade. For comparison the last 103 races I have had only 9 losers including today.

ptholden - 06 Oct 2005 19:16 - 5051 of 10502

scrip

Harrys Dream was never threatened at all during the race and although I had scalped a few ticks pre 'in play' I also had a few backs bets during the running ti increase my profitability. However I see where you are coming from.

Some of the cards for the races have been particularly dreadful and that's coming from someone who knows sod all about horses. Poor races it seems do not lend themselves to trading on a Betting Exchange.

pth

Fundamentalist - 07 Oct 2005 11:17 - 5052 of 10502

Wonderful morning (early bleary one) trading the cricket.

For anyone getting involved in the tennis beware of the flu factor:

http://www.news24.com/News24/Sport/More_Sport/0,,2-9-32_1812561,00.html

ptholden - 07 Oct 2005 11:56 - 5053 of 10502

Might have a thrash at the bookmaking / dutching facility this afternoon. At least a couple of races I don't fancy trading.

Scripophilist - 07 Oct 2005 12:05 - 5054 of 10502

"For anyone getting involved in the tennis beware of the flu factor"

Probably an opportunity in there. Retirements are something that are almost impossible to factor into the odds.
Register now or login to post to this thread.