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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


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!

Scripophilist - 14 Dec 2005 20:39 - 6988 of 10502

Talking of the champions league, Liverpool look full of confidence at the moment don't they?

Scripophilist - 14 Dec 2005 20:40 - 6989 of 10502

"ahhh the sound of discipline! "

Or should I chase my loss!

cunningham - 14 Dec 2005 20:40 - 6990 of 10502

Look a better team than last year. Wonder if they will have the same luck?

Fundamentalist - 14 Dec 2005 20:49 - 6991 of 10502

Nice to see Bolton drifting during the half time interval :-)
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