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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


Fundamentalist - 02 Nov 2005 21:12 - 5539 of 10502

Werder now 4-3 up - crazy game

Scripophilist - 02 Nov 2005 21:20 - 5540 of 10502

I fancy a late lay on Arsenal with some profits if they don't finish this game off.

BTW, I'm trying to re-arrange my diary to stay in Manchester on Friday. I promised to take my old man up so he could go to Jodrell Bank. So I'll have to leave him in a hotel somewhere. Just trying to sort out the details.

Fundamentalist - 02 Nov 2005 21:22 - 5541 of 10502

Scrip

hope you hadnt layed Arsenal - great goal from Van Persie :-)

Scripophilist - 02 Nov 2005 21:23 - 5542 of 10502

No, didn't get the chance.

bakko - 02 Nov 2005 21:39 - 5543 of 10502

ManU's week goes from bad to worse. Picked up a modest profit from scalping Lille.

Sunday's game with Chelsea should be interesting.

Scripophilist - 02 Nov 2005 21:46 - 5544 of 10502

Man U appear to have no confidence at all at the moment.

During half time I looked up to see if I should lay them now ahead of their game at the weekend. Then I saw they were playing Chelsea at home and thought better. Chelsea are not exactly playing at their best either. I'm not going to call that one.

sealed - 03 Nov 2005 12:56 - 5545 of 10502

Can anyone remind me of the url for the plain text version of betfair? I'm sure its got lite somewhere in the url.

edit: Found it. Managed to recover my bookmarks. lite.betfair.com

Scripophilist - 03 Nov 2005 15:10 - 5546 of 10502

Sealed, www.betair.com/lite/ is better its transactional.

Fundamentalist - 03 Nov 2005 16:41 - 5547 of 10502

Scrip

an interesting post on the forum - you must be quaking!

racingtraders.com 03 Nov 16:10


You won't be asking which is best when my new one comes out, STW and Betangel may as well shut the doors now.

Development is in full swing, I'm working on it full time everyday with the designer and programmer, spending a friggin fortune but it's turning out to be amazing. At the moment there's 15 different tools for placing bets after certain criteria are met, each one with anything between 3 and 10 input fields each. It's a monster, there are 3 different interfaces to choose from, extensive graph and charting facilities on all Betfair data as well as your own account and it will collect and store price data from every market forever which the user can search through and dissect with one of the several analysis tools and a bunch of graphs and charts. I've taken Betfair's interface and without changing the fundamentals of it have made it much more pleasant and quick to use, you'll be able to place bets through that interface with only 2 clicks of the mouse and no need for the keyboard while being able to see the best 5 prices instead of just the best 3. And that interface will be free for anyone who wants to use it for a slong as you want.

The ladder interface is obviously still available but with loads of improvements on the current one. You'll be able to trade using the 3 or 6 ladders interface while also being able to view all the other horse's prices from that race as well as being able to instantly put any horse into any ladder with just one click. There will be live last traded price and volume figures and optional visual and audible alerts for those figures on this and the free interface.

A lot of these features depend on whether Betfair's API will let us do all this, so to make sure that we can get as much as is humanly possible I've hired a programmer that is quite literally a genius. The guy is a machine, he's not one of us, the designer putting the actual structure together is also very very good and I've been watching betfair numbers move up and down full time for 3 years so I'm pretty confident of delivering the mother of all applications, hopefully in a couple of months.

And by the time I've finished with this, Betfair aren't even going to need a website anymore because everyone and I mean everyone will be using my application instead.

sealed - 03 Nov 2005 17:12 - 5548 of 10502

Scrip
Thanks for the link.

Fundy
LOL! Nobody could ever accuse Adam of being a shrinking violet.

Scripophilist - 03 Nov 2005 18:28 - 5549 of 10502

I am about as worried about as a whale is worried about being eaten by krill. I guess you don't know this guy or his first attempt at producing software?

WOODIE - 03 Nov 2005 18:46 - 5550 of 10502

anyone following the golf?

Fundamentalist - 03 Nov 2005 19:03 - 5551 of 10502

Scrip

i know of his software - me posting it was rather tongue in cheek - ps liked the response by the way

Scripophilist - 03 Nov 2005 20:04 - 5552 of 10502

Ok, I mis read your post, sorry.

I think it will be an interesting market to be honest. But it will take some time to sort the wheat from the chaff.

Fundamentalist - 03 Nov 2005 20:17 - 5553 of 10502

Anyone on the footie tonite

Side bolton are plying look awful and not enjoy the manchester weather - not a fan of siding with Bolton but 1.8 looks good value

Scripophilist - 03 Nov 2005 20:19 - 5554 of 10502

Will have a look at Bolton, I am the Borough / Dnipro match. Just playing with some new concepts but looking at the unders market at the moment, heding on the correct score market.

I've noticed a bot on the correct score market. Now I know there is one I may play with it one night.

Fundamentalist - 03 Nov 2005 20:23 - 5555 of 10502

the side boro are playing are the side that scored 5 or 6 against hibs if memory serves me right

Fundamentalist - 03 Nov 2005 20:25 - 5556 of 10502

Bolton 1-0 up :-)

bakko - 03 Nov 2005 20:26 - 5557 of 10502

On the Bolton game here.

Bolton has just gone 1 up having already missed a couple of early chances

Scripophilist - 03 Nov 2005 20:26 - 5558 of 10502

"the side boro are playing are the side that scored 5 or 6 against hibs if memory serves me right "

Thanks for that!
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