Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

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


Scripophilist - 14 Dec 2005 15:41 - 6968 of 10502

Just squared up on the last, didn't think I was going to find a position but managed to sneak one in.

Made money on all but the 12:10, 12:50 & 15:30, 13/16

Bugz - 14 Dec 2005 15:50 - 6969 of 10502

"I suspect if a horse drifts from the price you lay it the expectancy is positive over the long term. "

What do u mean script?

Scripophilist - 14 Dec 2005 15:54 - 6970 of 10502

You will make more than you lose by letting the position run into the market, possibly.

Bugz - 14 Dec 2005 16:28 - 6971 of 10502

Ah ok.....

Ur lay is fixed, but if u leave it open without greening up u'll make more than the liability from the lay?

I dont get it sorry!

Fundamentalist - 14 Dec 2005 16:31 - 6972 of 10502

bugz

what scrip means is if you do it enough times to get a fair sized sample, you will have a few big loses and lots of wins compared to lots of smaller wins only but the former scenario will add up to more in total

ie if you let a 100 of these type bets run then over the long term youll win slightly more than if you greened them all up, though obviously you will take some hits along the way (and hence have a far more volatile p&l)

Bugz - 14 Dec 2005 17:16 - 6973 of 10502

Right right - got it sorry. I didnt appreciate it was bets plural.

Scripophilist - 14 Dec 2005 19:16 - 6974 of 10502

Acknowledgement of why I generally don't trade in these markets

http://news.bbc.co.uk/1/hi/uk/4528700.stm

Scripophilist - 14 Dec 2005 20:15 - 6975 of 10502

Anybody on the footy?

bakko - 14 Dec 2005 20:20 - 6976 of 10502

Evening Scrip,

No, not yet.

ManU is too skinny so will wait.

Harlosh - 14 Dec 2005 20:25 - 6977 of 10502

Think I'll lay United. LOL

cunningham - 14 Dec 2005 20:25 - 6978 of 10502

I'm looking at the footy, it's been a while since I've traded any. I think Wigan are playing better than there odds suggest.

Fundamentalist - 14 Dec 2005 20:27 - 6979 of 10502

Evening all

not involved as yet but been watching the Bolton game and will lay them just before half time if still 0-0

Wigan odds look huge to me

Scripophilist - 14 Dec 2005 20:31 - 6980 of 10502

FWIW I have done ten matches! I have carried over some actvity to in play.

A bit of aftertiming but I backed Everton and laid United. Not sure where the united position is headed but will hold it for the moment.

bakko - 14 Dec 2005 20:32 - 6981 of 10502

ManU 1-0 up

Scripophilist - 14 Dec 2005 20:33 - 6982 of 10502

Ah well +/- still well ahead on the two matches. Will close out Man U position.

bakko - 14 Dec 2005 20:36 - 6983 of 10502

ManU now 2-0

Harlosh - 14 Dec 2005 20:37 - 6984 of 10502

Pity it's not Benfica!

Fundamentalist - 14 Dec 2005 20:37 - 6985 of 10502

lol

Fundamentalist - 14 Dec 2005 20:38 - 6986 of 10502

Champions League youre having a larf

Scripophilist - 14 Dec 2005 20:39 - 6987 of 10502

Glad I saved myself the extra 10% then, ahhh the sound of discipline!
Register now or login to post to this thread.