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How to profit from Betting Exchanges (BEX)     

Scripophilist - 27 Oct 2004 23:40


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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


bakko - 26 Jan 2005 17:47 - 712 of 10502

I won't be able to do any of the matches tonight as going to the Man U v Chelsea game later. I have a gut feeling that laying the draw might be worth a punt.

Fundamentalist - 26 Jan 2005 17:48 - 713 of 10502

Bakko

are you going as a neutral or are you the enemy (either way) lol

Scripophilist - 26 Jan 2005 18:05 - 714 of 10502

bakko, Spot on, I agree the laying the draw looks tempting.

Hope you enjoy the match. You can now trade Betfair over a smartphone so no need to worry about at home behind you screen. Not quite the same feeling or visibility of the platform though.

bakko - 26 Jan 2005 18:59 - 715 of 10502

Fundy,

Unfortunately, for you, as the enemy!

But tonight, I can't care less whether we win or not as it's a mickey mouse cup competition. However, a ManU win may psychologically derail their championship agenda which would in turn benefit both our teams.

Need to leave now so catch up with you guys later

Harlosh - 26 Jan 2005 20:05 - 716 of 10502

Fundy,

Haven't been around much lately, what with my few days away and tax returns to complete (no I haven't done it yet).

Believe it or not I have to go for an MRI scan on the 24th. Just a check that the nasty thing in my head hasn't begun to grow again. Can't believe the coincidence. When they ask for my availability next time I'll have to give them the dates of the Haydock meetings!

Contrary to Scrip and Bekko I would rather back the draw. Both good defences. Can't see many goals,at least til 2nd half, if any. I'll wait though.

Might go on the Milan match while I'm waiting.

Harlosh - 26 Jan 2005 20:11 - 717 of 10502

No money on the Milan game.

Scripophilist - 26 Jan 2005 20:28 - 718 of 10502

Harlosh, I checked the odds on to qualify and match odds. The curious and unusual thing about them is that Chelsea are odds on to qualify but 3.15 for the match. This is a strong indication that the market expects the match to go to extra time.

I think the rationale behind laying the draw was that somebody has to score. But I doubt in the first. I didn't lay the draw before the match started.

Scripophilist - 26 Jan 2005 20:29 - 719 of 10502

I reckon odds we should expect odds of around 2.44 for the draw by half time.

Scripophilist - 26 Jan 2005 20:30 - 720 of 10502

1-0 Chelsea

Scripophilist - 26 Jan 2005 20:32 - 721 of 10502

Probably more likely to be a draw FT with a goal at that moment. Draw odds didn't move that much so lay draw would have been minor gain anyhow.

Harlosh - 26 Jan 2005 21:26 - 722 of 10502

Well predicted Scrip.

Scripophilist - 26 Jan 2005 21:29 - 723 of 10502

Last ten minutes should throw up some interesting opportunities. Will they sit back and go for it in extra time or will one team or another try and win it in normal time?

Harlosh - 26 Jan 2005 21:31 - 724 of 10502

I am now green.

Scripophilist - 26 Jan 2005 21:33 - 725 of 10502

Well done.

Scripophilist - 26 Jan 2005 21:43 - 726 of 10502

Bugger that's blown it. Was about to go green and my order was not matched before the goal went in. Unlucky. But no loss, just no gain!! Bummer.

Scripophilist - 26 Jan 2005 21:49 - 727 of 10502

Laid my money on the draw and traded back on the Chelsea win. A lower win ensured on a draw but only slightly less than before my attempted greening if Chelsea win.

Harlosh - 26 Jan 2005 21:49 - 728 of 10502

Just noticed that if I laid 100 on Chelsea soon after they scored, for just 10 I would treble my winnings on both United and the draw. Tempting, but a bit too late now.

Scripophilist - 26 Jan 2005 21:49 - 729 of 10502

In summary I would have earnt double if I would have greened up quicker. Let that be a lesson to all newbies!!

Scripophilist - 26 Jan 2005 21:52 - 730 of 10502

Just grabbed some more on that Robben run. Not a bad nights work but pretty bloody frantic activity for me to get it.

Scripophilist - 26 Jan 2005 21:54 - 731 of 10502

All over, I enjoyed that!

Sorry that your team is out Harlosh. Chelsea look like champions through and through. This thread should make interesting reading for any body not on Betfair at the moment.
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