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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


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

DocProc - 05 Dec 2005 17:28 - 6662 of 10502

From http://www.betfair.com/refer

What happens if I am referred by someone?

Enter the unique referral code given to you into the 'Enter a Betfair Refer and Earn code' box when you register
You will receive 20 after you have placed bets totalling 100
After 3 months you will receive a bonus based upon your betting activity over this time
The bonus will be credited to your account shortly after the end of the quarter and will be clearly marked on your account statement

Fundamentalist - 05 Dec 2005 17:30 - 6663 of 10502

the pompey mkt gone mad again - anyone seen another update?

Fundamentalist - 05 Dec 2005 17:34 - 6664 of 10502

redknapp price all over the place and book dipping below 100% alot

DocProc - 05 Dec 2005 17:34 - 6665 of 10502

Kettering sack manager Gascoigne

Gascoigne took charge of Kettering on 27 October

Paul Gascoigne wants to buy Kettering after being sacked by the non-league outfit after just 39 days in charge. The former England international, 38, was relieved of his duties on Monday after claims from club owner Imraan Ladak that things were not working out.

Fundamentalist - 05 Dec 2005 17:48 - 6666 of 10502

This is like a constant pre odds on favourite horse race

Scripophilist - 05 Dec 2005 17:49 - 6667 of 10502

Redknapp no nearer Pompey switch

http://news.bbc.co.uk/sport1/hi/football/teams/s/southampton/4500514.stm
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