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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
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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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ptholden - 11 Oct 2005 20:05 - 5095 of 10502

No losses on the nags today, although one honourable draw, but 11/12. Tried something of a risky strategy today, which worked, but not something I will try very much in the future. Involved laying a mid outsider, backing in play and then greening up. Taking a chance that due to the large fields today I wouldn't pick a winning outsider. Bit more like gambling than trading I think you would say Scrip? Although I think it is a strategy people do use. One bad pick and that's most of the day's potential profit down the tube.

pth

Scripophilist - 11 Oct 2005 22:03 - 5096 of 10502

PMSL

Woodgate scores second own goal

http://news.bbc.co.uk/sport1/hi/football/europe/4332894.stm

Harlosh - 11 Oct 2005 22:44 - 5097 of 10502

Pth,

Very perceptive of you.

Right on all counts.

ptholden - 11 Oct 2005 23:23 - 5098 of 10502

Harlosh :-))

Dil - 11 Oct 2005 23:25 - 5099 of 10502

From a personal point of view .... hope Sven picks him for the World Cup , ROFLMAO.

ptholden - 12 Oct 2005 17:11 - 5100 of 10502

Anyone on the footy tonight?

ptholden - 12 Oct 2005 17:48 - 5101 of 10502

11 out of 12 on the nags today. Makes up for making a complete hash of the Eng U21 match last night.

Hey Scrip, since I attended the course, I'm doing great on the ggs, but crap on the football, a complete reversal to prior 'form'. What's all that about then?

:-)

pth

Fundamentalist - 12 Oct 2005 18:00 - 5102 of 10502

PTH

thats exactly how i performed after the course and to an extent still do.

the horses is based on a pure trading style irrelevant of any knowledge of the participants and relevant odds, whereas, imo the footie relies to a degree on the individuals view of these components.

not looked at the footie yet tonight but am about to do.

One other thing with regards to the horses is dont get too hung up on just the number of races you win on. I dare say if i was looking for 1 tick per race i could be 100% most days with a bit of discipline but that wouldnt maximise my profits. One thing i learnt after a little while was i was making a profit on a race and at the first sign of a change in trend i got out. I would then sit and watch it continue its original trend and then realise i had exited my position far too early and despite having a high proportion of winners i wasnt giving myself a chance to maximise the value of them. Nowadays my strike rate is slightly lower but my average daily profit is higher.

PS, today out of 12 races i had 9 winners, 2 nil result (of which one i was flat before the race, the other i had a 40 liability) and 1 small loss

Horse Racing: GBP225.55 Total P&L: GBP225.55

Horse Racing Showing 1 - 12 of 12 markets

Market Open date Profit/loss (GBP)
Horse Racing / Weth 12th Oct : 2m4f Nov Hrd 12-Oct-05 16:50 6.78
Horse Racing / Weth 12th Oct : 2m4f Hcap Chs 12-Oct-05 16:15 10.03
Horse Racing / Ling 12th Oct : 6f Cond Stks 12-Oct-05 16:05 4.35
Horse Racing / Navan 12th Oct : 1m Mdn Stks 12-Oct-05 16:00 35.39
Horse Racing / Weth 12th Oct : 2m Hcap Hrd 12-Oct-05 15:40 0.00
Horse Racing / Navan 12th Oct : 1m Mdn Stks 12-Oct-05 15:30 6.68
Horse Racing / Uttox 12th Oct : 3m Hcap Chs 12-Oct-05 15:15 0.00
Horse Racing / Weth 12th Oct : 2m7f Beg Chs 12-Oct-05 15:05 -2.24
Horse Racing / Ling 12th Oct : 1m Hcap 12-Oct-05 14:55 18.06
Horse Racing / Uttox 12th Oct : 2m4f Sell Hrd 12-Oct-05 14:40 57.47
Horse Racing / Ling 12th Oct : 7f Mdn Stks 12-Oct-05 14:20 77.08
Horse Racing / Uttox 12th Oct : 2m6f Nov Hrd 12-Oct-05 14:10 11.95

Fundamentalist - 12 Oct 2005 18:25 - 5103 of 10502

Not a great deal stands out in the football.

Not keen to get involved in the England game with neither side having anything to play for except pride (and possibly seeding on Englands part) and both sides are missing first choice players. That said, the weather in manchester has been appalling all day and 1.84 on under 2.5 goals looks good value.

Of the other games, ROI strike me as good value at 2.46. Italy look good things but at 1.25 are short, and France at 1.05 are ridiculously short for a game they have to win (and possibly by a landslide to top the group if ROI lose)

Scripophilist - 12 Oct 2005 19:54 - 5104 of 10502

Well done on the P&L. I agree on the footy. I'll be having a look at the teams with something to play for such as the Irish and Swiss and focus on those. But just nosing at the moment.

Scripophilist - 12 Oct 2005 20:15 - 5105 of 10502

England are not playing too badly at the moment.

Scripophilist - 12 Oct 2005 20:31 - 5106 of 10502

Good Polish goal, great finishing.

Harlosh - 12 Oct 2005 20:31 - 5107 of 10502

Just got in. Didn't expect Scotland to be in the lead. England neither to be honest.

Harlosh - 12 Oct 2005 20:31 - 5108 of 10502

Ooops. They're not.

Scripophilist - 12 Oct 2005 20:37 - 5109 of 10502

The prices after the Polish equaliser were all over the place. Just way, way out. Haven't seen such margins in the price in ages. About 10% out from true value. Easiest money of the night.

Fundamentalist - 12 Oct 2005 20:43 - 5110 of 10502

See 1.01 backers of England to be ahead at half time got their fingers burnt

Ireland game very dull first half. With France 3-0 ahead they will win the group if it stays 0-0 in this game and the Swiss would get a play off place. With the French so far ahead the Swiss are likely to settle for the draw (if France score a couple more they'll win the group on goal diff anyway) and Ireland have to go all out for the win. Conclusion - lay Switzerland at 4.0 ? Anyone agree?

DocProc - 12 Oct 2005 20:45 - 5111 of 10502

I'm wondering now in the England match, if 1.37 is good value for 'more than 2.5 goals'...?

The England attack is looking better and better every minute and the England defence muffed it over on the (Pole's) left wing and let the Poles score.

Harlosh - 12 Oct 2005 20:50 - 5112 of 10502

Too high a lay for me Steve, though I do agree with your reasoning.

Scripophilist - 12 Oct 2005 20:52 - 5113 of 10502

Doc, You would have to think there will be at least one more goal.

Fundamentalist - 12 Oct 2005 21:03 - 5114 of 10502

Swiss still being quite adventurous so am out for a small profit at 4.8
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