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.

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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

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 ;-)

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.

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

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.

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

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

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

No problems here.

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

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.

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)

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

Backed the draw at 1.38

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.

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

Greened up at 1.13

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

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

Hi diego

No looking to back a trend mainly based on judgement of where i think the match is going

for example - i layed the draw at 1.07 when i thought the declaration was due - it had to happen as SA have to win the game. As soon as the declaration was made the price went out to 1.4 relecting the change in status - but to any watching the game this had to happen!!! As soon as england started defensively the draw started to shorten so i backed it and then layed it off 1/2 hr later

Thanks Fundamentalist - on a separate point, does one 'green-up' whenever the opportunity arises? the reason I ask is that the opportunity for me to greenup on my intraday trade might well present itself.

Diego

Diego

the simple answer to that is no - if you treat it like any trade you would green up when you think you have the maximum profit

you should have an exit plan when you enter the trade - if all you aqre looking for is one tick then you would green up immediately, if you are looking for 10 ticks then you would wait until it achieved this or if the trend changed