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How to profit from Betting Exchanges (BEX)     

Scripophilist - 27 Oct 2004 23:40


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Fundamentalist - 20 Dec 2005 17:17 - 7228 of 10502

Cloudbase, the easy one first, laying the same amount will effectively give you a free bet on that line so you then need to green up.

ie back 100 at 5.0 and then lay 100 at 3.0 will give you a profit on the line of 200 (100 * (5-3)). You would then lay for 200/3 ie 66.66 to green up

As for the sports, i use a variety of sites and if i cant find the site that gives me the info then i will look on the forum as there will often be a thread with someone asking for a link. If that fails then i rely on google :-)

Sites i mainly use:

General:
http://news.bbc.co.uk/sport
http://home.skysports.com/

Cricket:
http://www.cricinfo.com/
http://www.howstat.com.au/cricket/home.asp

Rugby:
http://www.planet-rugby.com/
http://www.ercrugby.com/

Horseracing:
http://www.racingpost.co.uk/news/home.sd

Snooker:
http://www.worldofsnooker.co.uk/stats/



Fundamentalist - 20 Dec 2005 17:19 - 7229 of 10502

Sorry, forgot golf:
http://www.pgatour.com/
http://www.europeantour.com/

bakko - 20 Dec 2005 17:24 - 7230 of 10502

Cloudbase

Laying the same amount at 3.0 will lock in the profit but only on the player/team you are trading on. Any other result will mean you'll win nothing (you'll lose nothing too).

It is better to green up so that your profit is spread out on all outcomes.

To do this add up your profit and loss outcomes and divide the whole amount by the lay odds.

eg. Suppose you're on a darts match and you back player A at back odds at 5.0 with 10. Your profit/loss line on Player A will read +40 and Player B -10

Add 40 and 10 together (50) and divide by your lay odds of 3 and it should give you a "green" profit of 16.67 on both outcomes

I hope this manual greening is correct as I use the auto green up instead

Fundamentalist - 20 Dec 2005 17:27 - 7231 of 10502

Bak

"I hope this manual greening is correct as I use the auto green up instead"

Surely its 50-30=20/3 = 6.67 profit

bakko - 20 Dec 2005 17:39 - 7232 of 10502

Steve...Your right! I thought at the time a profit of 16. 67 was a bit on the optimistic side!

Cloudbase... Apologies for being thick!

bakko - 20 Dec 2005 17:48 - 7233 of 10502

Anyway, re the darts you mentioned earlier. Certainly agree that the movements are hugely volatile!

I dabbled in this market this time last year during my learning phase and won and lost about 200 in next to no time! The movements frightened me off!

I'll be trying it out again this time around but will be greening up asap.

I find that it works very well when players are of similar ability and when they're both struggling to finish on a double.

Cloudbase - 20 Dec 2005 18:32 - 7234 of 10502

Fundy, thanks for that, so once the profits taken you then need to green up to lock it in? sorry for the dum ?'s but betting this way all new to me, makes scalping the index futures look like childs play lol.

Cloudbase - 20 Dec 2005 18:41 - 7235 of 10502

bakko, thank god for the auto green up, would soon have my desk knee deep in paper working it out

Scripophilist - 20 Dec 2005 20:20 - 7236 of 10502

I can't remember if you said you were on basic or pro at the moment but I just recorded a basic video which explains the whole thing from front to back: -

http://www.betangel.com/products/BA/betangel.html

Dil - 20 Dec 2005 20:34 - 7237 of 10502

You got an Equity card Scrip ?

:-)

sealed - 20 Dec 2005 20:40 - 7238 of 10502

LOL!

Fundamentalist - 20 Dec 2005 22:02 - 7239 of 10502

Dont you just hate nights at the pub

Been with a group of man u fans who asked fopr the neutrals opinion and i said "think theyll struggle early, prob be 0-0 at half time but theyll win easy in second half" when asked to predict the final score i went for 3-1 - oh well it won me a pint lol

Fundamentalist - 20 Dec 2005 22:15 - 7240 of 10502

World no 1 Llloyd just been knocked out of the darts - nice odds collapse on Taylor

Cloudbase - 20 Dec 2005 22:22 - 7241 of 10502

Scrip, i'm on the basic at the mo, till i get me head round things, the video explains it very well thanks.It also answered another question for me in that what happened if you where on more than 1 horse when greening up.
Have you done one for the Pro version?
It must be easier if i'd had betting experience before i started, but will get there,just takes longer to sink in these days.

Scripophilist - 20 Dec 2005 22:45 - 7242 of 10502

I'm working on a load of new material for pro at the moment. I'm redoing the entire set of videos over Christmas when I intend to do no trading at all!

On pro you can green up as little or as much as you like on each horse, you have manual control over the greening. Pro is a significantly advanced product now.

schiff - 20 Dec 2005 23:19 - 7243 of 10502

More help for Cloudbase and anyone else who doesn't know about it! I find livescore.com fantastic for following the scores in a wide range of football matches all over the world - on the one screen too. Updates are about every 2 minutes and goal times & scorer, yellow/red cards are shown as well.

schiff - 20 Dec 2005 23:24 - 7244 of 10502

And for horse racing I find gg.com very useful. Very quick to show results and surprisingly quick to give detailed results - all SPs, distances, times, etc.
Their 'Cards' give all the basic info the RP gives and it avoids the pain of having to log into RP each time you visit (unless you keep the contact 'open').

Dil - 20 Dec 2005 23:29 - 7245 of 10502

schiff ... I use at least two , you would be suprised how often one credits a goal to the wrong team !

xscores.com and goals365.com are two others to consider.

Also the minutes played can vary from site to site.

Dil - 21 Dec 2005 08:54 - 7246 of 10502

How many overs are these odi's ?

Fundamentalist - 21 Dec 2005 09:03 - 7247 of 10502

only 50
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