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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


Scripophilist - 21 Jan 2005 22:33 - 644 of 10502

I was on the match as well. Did just fine out of it. Quite a nice match actually Sheff Wed dominated in terms of actually play (More about that during the course). Some good matches tomorrow. I am testing a new mobile betting solution and will be out and about so will put it to use tommorow. Lets hope it doesn't crash!!

Harlosh - 22 Jan 2005 17:36 - 645 of 10502

Just back from a few days in the snow in my ancestral home, northern Scotland. Hope I haven't missed too much.

Would be very interested in the mobile solution you are looking at Scrip. In the summer I spend a lot of time in the Lakes so sounds as though I could have the best of both worlds.

Scripophilist - 22 Jan 2005 20:04 - 646 of 10502

It worked well today. Actually there are two in place. I may uprade to 3G so I can get streaming commentary as well!!

Was an excellent day. I might take next week off!!

Harlosh - 22 Jan 2005 20:10 - 647 of 10502

When you work for yourself Scrip, you don't get paid if you don't work. I bet you wouldn't be able to resist!!

Scripophilist - 23 Jan 2005 22:16 - 648 of 10502

Of course you are right, it ain't going to happen is it!! Proof in the pudding is the fact that I was on the Real Madrid vs Mallorca match this evening. I think there will be some good matches up this week. Watford vs Liverpool and Man U and Chelsea will be too good to resist. Plus all the other sports as well of course. I shall continue to make hay while the sun shines.

Pinsticker - 23 Jan 2005 22:25 - 649 of 10502

There was some really good money to be had with CBB this evening - Bez was 13.5 in a 2 horse race even after it became public knowledge that the final votes were at worst a 40/60 split against him.
That's what I call cracking value!

Scripophilist - 23 Jan 2005 22:40 - 650 of 10502

"Bez was 13.5 in a 2 horse race, that the final votes were at worst a 40/60 split against him"

Wow, You gotta be kidding. That is value. Maybe should have cast an eye over that. I'm always a little sceptical though that they say its close in order to generate more call volume and therefore revenue.

BTW, Some bookies stopped taking bets on CBB the other day due to "irregular" betting patterns.

chartist2004 - 23 Jan 2005 22:44 - 651 of 10502

Another good day for me backed Arsnal @ 1.54 and Real Madrid Layed Any unquoted @ 4.7, was releaved Real stopped at 3! A cracking 4 days pot up 787%! must bank some profit before I give it back. Got the door fitted also, back to work tomorrow for a rest!!
Cheers Mike...

Harlosh - 23 Jan 2005 22:47 - 652 of 10502

For some reason,I lost my nerve a bit tonight so didn't get on the Real game. Must have been those few days away from the screen. She can whistle next time she wants a short break me thinks.

Pinsticker - 23 Jan 2005 23:01 - 653 of 10502

Scrip,

I had some of that 13.5! I know what you are saying about the hype and would normally see it as an opportunity to take a contrary position at better value.
However, in this case, they simply announced the fact that the 3rd placed celeb was being evicted with 28% of the total vote - you then didn't need to be a mathematical genius to work out that 13.5 was tremendous value and could be taken in a very leisurely way for the next 20 minutes!

Pin

Spaceman - 24 Jan 2005 06:56 - 654 of 10502

OK in the sure and certain knowledge that this is a silly questions and will show how little I know about betting !

In the betfair daily up or down bet shouldnt the odd for Laying below 4803.3 (today) be the same as Backing 4803.3 and above?

Kayak - 24 Jan 2005 09:45 - 655 of 10502

Spaceman, in theory it should be the same odds, although expressed differently, since the odds always tell you what the backer, i.e. the counterparty to the layer, would get, not the layer. See post 582 above. The side with the odds below 2 is nearly always more liquid and with better odds though.

Kayak - 24 Jan 2005 09:49 - 656 of 10502

I see that a number of other financial bets have appeared today, all Daily bets:

Equities: BP, GSK, HSBC, Tesco, VOD
Currencies: Eur/$
Index: DAX
Nasdaq equities: Ebay, Google, Microsoft, Ryanair, Yahoo


zero liquidity still though

Spaceman - 24 Jan 2005 09:50 - 657 of 10502

K thanks for that, I understood that it would be expressed differently, from your comment and reading a bit more since my post I can also see that my statement should have been right in theory, however in practise the odds are as requested by bidders and so dont have to be the same. I think ;-)

Scripophilist - 24 Jan 2005 10:10 - 658 of 10502

Kayak - 24 Jan'05 - 09:49 - 655 of 656

An entourage of us lobbied Betfair last year in a focus group to ask them what we would like to see. They have promised for ages to get some new markets up. I guess it will take time for people to start using them.

Fundamentalist - 24 Jan 2005 10:14 - 659 of 10502

Anyone been on the cricket this match - making easy money on the draw!!!!

Scripophilist - 24 Jan 2005 13:49 - 660 of 10502

I haven't done enough work on cricket to figure if the same strategies can used. Played with the draw last week but a couple of quick wickets can change the shape of a match quite a bit. Will watch but that's all.

Scripophilist - 24 Jan 2005 14:37 - 661 of 10502

550-1 outsider comes in at Fontwell 14:30 - Bubble Boy.

Returned at 100-1 on the "normal" bookies.

Harlosh - 25 Jan 2005 09:31 - 662 of 10502

Anyone else having problems with downloading Betfair? Is just 'hanging' with 'Loading' on the screen.

Piptrader - 25 Jan 2005 09:32 - 663 of 10502

No problems here.
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