Scripophilist
- 27 Oct 2004 23:40

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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Fundamentalist
- 05 Dec 2005 15:02
- 6642 of 10502
a normal awful day for trading on a monday - scrip i think you got it right trading the pompey farce :-) - have sent you an email re betangel
gonna have a break and see what tripe Gordon Brown manages to come up this time. be interesting to see if any mention with regard to betting exchanges though from a selfish perspective im more interested as to whether he increases the take from the north sea oil cos
Scripophilist
- 05 Dec 2005 16:01
- 6643 of 10502
I know somebody that did 1.6m in a day! I think its these sort of people that Betfair are, quite rightly IMO, clamping down on.
Scripophilist
- 05 Dec 2005 16:02
- 6644 of 10502
"a normal awful day for trading on a monday"
It was a difficult day today.
sealed
- 05 Dec 2005 16:18
- 6645 of 10502
Harrys on the drift after the pompey website has reported that the compensation offer to soton has been turned down.
Fundamentalist
- 05 Dec 2005 16:34
- 6646 of 10502
Well the only gambling reform that appears to have been looked at in the pre budget appears to be related to bingo and gaming machines
Bugz
- 05 Dec 2005 16:39
- 6647 of 10502
1.6 million?!!!! Bloody hell......I must say distorting odds by thousands of bots does seem a bit cheeky..... Its a strategy though I suppose. Anyone planning to hit the liverpool chealsea tomorrow?
PSV lay 1.5 is tempting.
Bugz
- 05 Dec 2005 16:40
- 6648 of 10502
Good stuff Fundy-I dont think they'll touch it for a while yet.
Fundamentalist
- 05 Dec 2005 16:41
- 6649 of 10502
I think it looks like they have reviewed and are not changing with regard to betting exchanges
5.111 The Government is committed to a modern and fair gambling tax system, consistent
with wider tax principles and with supporting social and economic objectives. Budget 2004
announced that the Government would review gambling taxation in light of the Gambling
Bill. This review has benefited from substantial input from stakeholders. The Government has
considered taxation arrangements within the wider context of changes to regulation,
technology and gambling markets. It has concluded that the current taxation arrangements
for gambling are generally working well at present and that maintaining stability in the overall
structure of taxation is desirable in a period of transition. In these circumstances, the
Government has therefore decided to maintain the current regimes which are working well
for betting, betting exchanges, lottery and bingo, and to retain the system of amusement
machine licence duty (AMLD), rather than move to a gross profits tax. However, the
Government will make some modifications to align the tax regime with the Gambling Act:
the definition of a gaming machine for VAT purposes will be aligned with that
of the Gambling Act, with effect from tomorrow. From Budget 2006, the AMLD
regime will also be aligned with the Gambling Act;
the Government will consider options for simplifying the administration of
AMLD and reducing compliance costs; and
following the Gambling Acts provision for remote gaming licences to be
offered in the UK, remote gaming will be brought within the scope of
gambling taxation. The rate of taxation will be set in Budget 2006.
Fundamentalist
- 05 Dec 2005 16:42
- 6650 of 10502
"In these circumstances, the Government has therefore decided to maintain the current regimes which are working well for betting, betting exchanges.............."
Fundamentalist
- 05 Dec 2005 16:52
- 6651 of 10502
How far did Redknapp drift this afternoon and why is he so short again?
teach me to watch the pre budget
bakko
- 05 Dec 2005 17:01
- 6652 of 10502
Steve, Amazing scenes on the Rednapp odds as drifted out to 3s whilst Sanchez shortened to 3s!
Reason..... Haven't a clue but massive trading opportunities which I didn't make the most of.
Fundamentalist
- 05 Dec 2005 17:03
- 6653 of 10502
Bak
reason appears to be a report on sky sports news saying that Mandaric will now have to look elsewhere
Scripophilist
- 05 Dec 2005 17:05
- 6654 of 10502
It doesn't look a done deal does it. I'm all green on Redknapp but no one else! May have to change that! I am sceptical on Redknapp not joining because I have heard all this bluster before when he left Pompey and said he wouldn't join Saints.
Still great market to trade.
Scripophilist
- 05 Dec 2005 17:06
- 6655 of 10502
I've read the pre=budget support and it looks good from a taxation point of view.
Bullshare
- 05 Dec 2005 17:15
- 6656 of 10502
Scrip; So who is next Soton manager, you!!!;_0)
Cloudbase
- 05 Dec 2005 17:16
- 6657 of 10502
Hi all, just signing up for a betfair account prior to Scrips coarse on Fri.
Has anyone a promotion code or refer and earn code i can use?
DocProc
- 05 Dec 2005 17:25
- 6658 of 10502
Hi Cloudbase
:-)
Go on then. Earn me a 20 note.
Use 6W7LCQMPL - simply pop it in the
'Enter a Betfair Refer and Earn code'
bakko
- 05 Dec 2005 17:25
- 6659 of 10502
Cloudbase
Here's my code 7R9L3V7EC.
I think we both get 20 if you quote the above.
Fundamentalist
- 05 Dec 2005 17:25
- 6660 of 10502
big drift again
Fundamentalist
- 05 Dec 2005 17:28
- 6661 of 10502
out to 2.2 and back into 1.5 again