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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


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.

Harlosh - 25 Jan 2005 10:11 - 664 of 10502

OK now but seems to be happening quite often. Don't know if it's me or them

Scripophilist - 25 Jan 2005 11:57 - 665 of 10502

Haven't seen any problems over here recently. I've noticed some applications cause the odd problem so I tend to limit other apps when I am using Betfair.

Fundamentalist - 25 Jan 2005 12:40 - 666 of 10502

More fun with the draw in the cricket this am - backed at 1.39 layed at 1.08

may turn it round if there is a declaration (though looking unlikely now)

Fundamentalist - 25 Jan 2005 12:46 - 667 of 10502

layed at 1.10, backed back at 1.21 5 mins later on the declaration - nice!!!

dman, another 2 mins and i could have had 1.28!!!!

will look to back the draw again if england show no +ve intent

Fundamentalist - 25 Jan 2005 13:08 - 668 of 10502

Backed the draw at 1.38

Scripophilist - 25 Jan 2005 13:19 - 669 of 10502

Well done, Wasn't watching this morning.

Strikes me that Watford are at very long odds to beat Liverpool tonight. They rested eight men over the weekend just for this match.

I guess there are several games plans.

Liverpool play to win the match. Will probably go for an early goal to kill the tie off.

Liverpool play for a draw. Very dodgy!!

Watford have to win so they will not be afraid at going forward. I believe they will have little to lose so will probably attack right from the start.

Liverpool's confidence is fragile so I expect them to initially defend but try and catch Watford on the break for the early goal. They can't really afford to lose with the defeat at Southampton on Saturday.

I'm not planning on taking a position prior to kick off.

Fundamentalist - 25 Jan 2005 13:30 - 670 of 10502

Scrip

I am amazed on the cricket how much the prices changed on the declaration (effectively the draw went from 1.06 to 1.38 on a must happen!) - it had to be coming as SA are behind - i guess the scenario only occurred because its the final game in the series but one to bear in mind for future series which are close

also amazed on the amount of money being traded - well over 10m on the match odds alone

my first reaction to the prices tonight were the same as yours, watford look a big price to win in 90 mins - shall be watching keenly

Fundamentalist - 25 Jan 2005 13:44 - 671 of 10502

Greened up at 1.13

Have now just over doubled the amount i was staking on the draw !!!!

Diego - 25 Jan 2005 14:18 - 672 of 10502

Good Afternoon,

Fundamentalist, when you back and lay (as you did with the cricket draw) are you looking to 'arb' the difference in back/lay prices?

edit: backed the intraday 2-3pm that FTSE greater than 4828.2 at 2.14
Diego
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