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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
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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 - 16 Oct 2005 11:07 - 5164 of 10502

Backed the 'Boro from the start (doh!), but managed to trade out and eventually ended up green on the draw.

ptholden - 16 Oct 2005 23:00 - 5165 of 10502

Well, just so no one can say I only post when I win. Had a real ' mare' (scuse the pun) on the nags today. Won on 14 out of 18 races, but the four losses far outweighed the wins in monetary terms. (Just to reinforce Fndy's point)

Engaged in a bit of successful arbitrage for the first time this evening on the snooker final. There was a book for the winner and also a different book for the match odds. Prior to Higins romping away with the match it was possible to make a few bob (literally!).

pth

Fundamentalist - 16 Oct 2005 23:12 - 5166 of 10502

Interesting golf in the US tonight.

Purdy was as low as 1.16 before choking, then Furyk went to 1.01 (150K at 1.01/1.02) and it has now gone to a play off between Furyk and Short

Im happy as laid purdy (but at far bigger than 1.16 and only for small stakes) but was away from the screen as would have laid furyk at 1.01 if had seen it - Short had to birdie and Furyk miss from 7ft for a play off - never a 100-1 shot

Fundamentalist - 16 Oct 2005 23:15 - 5167 of 10502

PTH

Tomorrows another day with regard to the horses! hope the hit wasnt too bad. Have a quick recap on the races you lost - is there anything you can do differently to avoid or minimise them in future.

If its any help, i personally find the horses far harder at the weekend (i find that there is more volume and less volatility most of the time) and to a degree tend to stick to midweek on the horses

Fundamentalist - 16 Oct 2005 23:39 - 5168 of 10502

Furyk beaten in play off after dumping it in the pond and the 1.01 backers burnt their fingers again

ptholden - 16 Oct 2005 23:54 - 5169 of 10502

Laid Purdy also :-)

Fundamentalist - 16 Oct 2005 23:58 - 5170 of 10502

Nice one PTH

was planning on laying the Aussies in the cricket tonight with the hope that 1 or 2 of the ROW side would add 100 for the first wicket or two but on all accounts its cloudy and been raining and conditions will favour the bowlers - may stay up till Laras out depending on how the poker carries on :-)

ptholden - 17 Oct 2005 00:52 - 5171 of 10502

Also had a go at the NY Jets / Bills
Good trading sport with good liquidity
So down on the nags, but got some back on American Footy, Golf, Soccer and Snooker.
Bin a funny old day Saint
:-)

Fundamentalist - 17 Oct 2005 00:55 - 5172 of 10502

PTH

youre getting like me - you'll be trading on 2 flys up a wall soon!!!!!

Fundamentalist - 17 Oct 2005 00:56 - 5173 of 10502

Raining in Australia at the cricket - start delayed - grrrrrrrrrrrrrr

Harlosh - 17 Oct 2005 00:57 - 5174 of 10502

I got up just for it too!

ptholden - 17 Oct 2005 01:00 - 5175 of 10502

Fundy - LoL

Just searching for opportunities really. Good money to be made on US Footy I think. Although a study of how the odds beahve would be well worthwhile. From the short time i was watching if a team is already in the lead and has the ball their odds shorten, if they dont score, they go out again. Much the same as soccer, but bigger swings. Hence offering a good trading environment. Have a look.

pth

Fundamentalist - 17 Oct 2005 01:04 - 5176 of 10502

PTH

I guess the US footie trades very similarly to the rugby league - a set number of plays before the ball is handed over and several points for each score

Evening John - get the kettle on - could be a long night

ptholden - 17 Oct 2005 01:10 - 5177 of 10502

Not really fundy, as long as the team moves the ball 10 yds in three attempts they keep going (well four actually). Until they score or have to punt. Bit more complicated than that, but the odds probably move in a more predictable fashion than RL, although I dont know for sure

Fundamentalist - 17 Oct 2005 01:20 - 5178 of 10502

play starts at 1.45

chocolat - 17 Oct 2005 01:46 - 5179 of 10502

Ok I'm awake now Fundie - so keep me posted :)

Fundamentalist - 17 Oct 2005 02:13 - 5180 of 10502

Evening choccie :-)

long time no speak - are you well?

chocolat - 17 Oct 2005 02:18 - 5181 of 10502

I'm ok thanks...kettle's boiled - how's the cricket?

Fundamentalist - 17 Oct 2005 02:26 - 5182 of 10502

Pretty dull at the moment but no wickets yet today - ROW 48/2

chocolat - 17 Oct 2005 02:35 - 5183 of 10502

Oh 'eck :S
Hey - you coming to Clitheroe this year then :)
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