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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.

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Cloudbase - 26 Dec 2005 14:00 - 7295 of 10502

Hi everyone. Hope your all in the festive mood.
Another question for Betangle basic users.
I backed Feathard Lady in the 1.40 at Sandown in running at 3.25, it showed at
bottom of page "2.0 Back bet on Feathard Lady at 3.25 Entirely unmatched "
on the card it showed 4.5 win Feathard Lady, it went on to win but they deducted 2 stake and no credit for the win, what have i done wrong?
edit..... it has now been corrected adding the win amount, lol, thaught i'd
made another blunder.

Fundamentalist - 26 Dec 2005 14:03 - 7296 of 10502

Cloudbase

you have done nothing wrong, the win will be credited to your account it is just slow today due to the amount of sport on

ps didnt it win well - had a nice bet on it too :-)
quite fancy the Darkness in the 2.50 and have those two and KK in a treble for the day

Fundamentalist - 26 Dec 2005 14:05 - 7297 of 10502

thatd be why arsenal were so short :-)

Cloudbase - 26 Dec 2005 14:12 - 7298 of 10502

Fundy, thanks, its been credited now. Yes it did win well, according to the wife
it likes to come from the back, was a punt on my part when it went out
Trying to get some bets under my belt on the learning curve.

Fundamentalist - 26 Dec 2005 14:16 - 7299 of 10502

Cloudbase

i traded a profit onto the line, backed it and nacked it for the champion hurdle at cheltenham - have laid off my stake at cheltenham and happy with the free bet :-)

Fundamentalist - 26 Dec 2005 14:19 - 7300 of 10502

Come on the king

ptholden - 26 Dec 2005 14:20 - 7301 of 10502

Merry Xmas all, at home for a few days and just greened up on the Arsenal for my first win of the festive season (first bet actually).

Fundamentalist - 26 Dec 2005 14:26 - 7302 of 10502

All hail the King :-)

Cloudbase - 26 Dec 2005 15:02 - 7303 of 10502

Fundy, good call Darkness, hope you cleaned up.

Fundamentalist - 26 Dec 2005 15:03 - 7304 of 10502

Get in the darkness - treble landed

Fundamentalist - 26 Dec 2005 15:10 - 7305 of 10502

Cloudbase

amazing it won considering how badly it jumped - traded at 34 in running - 3 horses traded at 1.05 or below in the race!!!

Good job ive had a result on the horses - the missus has just come back from the sales - looks like im back to zero on the day lol

Cloudbase - 26 Dec 2005 15:17 - 7306 of 10502

Fundy, tried to back 30 in running but not matched, amazing race to watch,
Iwould say you've had a posative day if missus bill not greater than your
winnings lol, don't tell her though, she'll try harder next time.

Fundamentalist - 26 Dec 2005 15:48 - 7307 of 10502

Thanks cloud

been a cracking day and after her bills im still in front - now time to get back into the festive mood and have a few drinks

Fundamentalist - 27 Dec 2005 13:40 - 7308 of 10502

Did anyone see the Moscow Flier race ?

Horse in front, jockey mistook the the 1/2f post for the finishing line, stood up in his irons and celebrated, only to watch the second and third pass him for the proper post lol, and 1000 was matched for 64 about the second!!!

ptholden - 27 Dec 2005 13:45 - 7309 of 10502

Bloody hell Steve, must have got a right bollocking from the Owners, :-)

Have u had a go at the darts. Jeez the odds don't half move! Thought I'd backed a winner last night (whilst pissed) at thin odds, only to watch the other guy come right back. Ended up going to a sudden death play off. Fortunately my guy won but only after they both missed loads of doubles!!

pth

Fundamentalist - 27 Dec 2005 13:55 - 7310 of 10502

PTH

i saw the game you mean, yes made a few quid but tend to trade out as soon as the odds go my way as the prices can whipsaw amazingly

good to see Im running in the 2.00 at Wetherby - only concern is the ground, but looks a big price to me and having a small punt

Fundamentalist - 27 Dec 2005 14:03 - 7311 of 10502

never travelled on the ground

ptholden - 27 Dec 2005 14:04 - 7312 of 10502

Not doing the nags at the moment Steve, I've let my BetAngel Pro subscription lapse until I'm back from work next year. I think racing is one of those sports where u need every tool available, so I'm just sticking to footy mainly.

Fundamentalist - 27 Dec 2005 14:06 - 7313 of 10502

PTH

fair enough, the horse racing (along with the cricket) is my bread and butter - i still cant make as consistent profits from the footie so am doing much less on it currently

agree with the racing that having the software is key

ptholden - 27 Dec 2005 14:16 - 7314 of 10502

By the way Phil Taylor (darts) is currently at 1.02/1.03 for his second round match today. I know he's good, but if he gets off to a bad start, who knows what may happen? Got to be worth laying (and I have!).

pth
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