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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


bakko - 28 Dec 2005 20:21 - 7343 of 10502

Agree on Man U price and will go in if still 1-1 at half time.

Liv now 2-0

Fundamentalist - 28 Dec 2005 20:25 - 7344 of 10502

Arsenal now 3-0 - Redknapp starting to realise how much work he's got to do?

Scripophilist - 28 Dec 2005 20:29 - 7345 of 10502

I thought Arsenal would win for sure but 3-0 before 1/2 time? I think Pompey are up against it more than he hoped.

As for Liverpool at evens, that's a crazy price as they are on fire. Everton are not exactly firing on all cylinders are they?

Not sure about Man U, brum are rubbish at the moment, so not a terrible decision. The problem you will face in the second half is that the decay in price will accelerate rapidally.

Fundamentalist - 28 Dec 2005 20:31 - 7346 of 10502

4-0 Arsenal now scrip

Fundamentalist - 28 Dec 2005 20:33 - 7347 of 10502

Scrip

i tend to view backing at half time or later as having no get out clause - ie the price decay means it is more of a bet than a trade

Fundamentalist - 28 Dec 2005 20:36 - 7348 of 10502

rumours circling that there have been ireegular betting patterns on Arsenal 5-0, 6-0, 7-0 lol

Fundamentalist - 28 Dec 2005 21:00 - 7349 of 10502

United 2-1 up - hope you got on Bak (i didnt)

Tottenham 2-0 down to the baggies hehe

bakko - 28 Dec 2005 21:00 - 7350 of 10502

ManU 2-1 :-)

bakko - 28 Dec 2005 21:10 - 7351 of 10502

Liv 3-1 up

Took a bite at half time :-)

Fundamentalist - 28 Dec 2005 21:12 - 7352 of 10502

small bet chelsea at 2.5 (not yet filled)

EVOLUTION - 28 Dec 2005 21:18 - 7353 of 10502

hi guys, i need some some advice on trading software.next year i will be trading virtually full time on the racing, and was wandering what the best software is.is it betangel or bettrader pro? or is there any other out there. also any pearls of wisdom you can offer? cheers guys

Fundamentalist - 28 Dec 2005 21:23 - 7354 of 10502

evolution

you will get a very biased answer here - scrip who started the thread is behind Betangel hence the majority if not all on here use betangel.

personally use betangel (have used others in the past) and find it superior, especially with the regular updates and continuing development.

i like scrip and a few others on here trade the horses most days using betangelpro and find it does all i need (and many i dont lol)

Fundamentalist - 28 Dec 2005 21:25 - 7355 of 10502

Brum equalised 2-2 now

Fundamentalist - 28 Dec 2005 21:28 - 7356 of 10502

chelsea 1-0 up - book happy/im not lol

bakko - 28 Dec 2005 21:32 - 7357 of 10502

Evo

I second what Fundy has already said as I'm also a Betangel user although not a regular on the horses.

I'm more than happy with the software and feel very comfortable in that it's well supported and there are more enhancements in the pipeline.

bakko - 28 Dec 2005 21:37 - 7358 of 10502

Just as well I greened up on ManU!

Leaving well alone as the book is looking good here too!

Scripophilist - 28 Dec 2005 21:40 - 7359 of 10502

evolution fyi,

If you look at the end of this video you can see how you can use laddered trading on Bet Angel also.

http://www.betangel.com/bet_angel/bet_angel_pro/core_material/051221-BaP-Excel.html

EVOLUTION - 28 Dec 2005 21:41 - 7360 of 10502

thanks fundamentalist,bakko ive been on the website, and it seems a bit daunting, does it take long to get the hang of it? i traded alot in the summer, but wasnt making enough profit to justify not working, but that was not using any software. hopefuly ill have a nice bank to work with, but i need good software thats easy to use. hopefully betangel is the answer. finally is there good support if anything does go wrong

Cloudbase - 28 Dec 2005 21:42 - 7361 of 10502

Another question if i may,
Just been following Utd brum game, if you had backed brum just before they equallised would you close immediately on first price after the suspension or would you normally get a better price if you hang on a few min.?

Fundamentalist - 28 Dec 2005 21:49 - 7362 of 10502

Cloudbase

personally, unless the price looked wrong i would wait for it to settle down, though that late on i would have been happy to get my profit out (even if it cost me a few ticks)

also, in the situation where utd were 2-1 up, you would have been better laying united or backing the draw than backing brum (unless the miracle happened and you held you nerve when they equalised and held on till brum went in front)
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