Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

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


Harlosh - 05 Jan 2006 21:32 - 7606 of 10502

Green at 1.15

Cloudbase - 05 Jan 2006 21:40 - 7607 of 10502

schiff Hi
I whole hartedly endorse what you say about this thread.The help and advice i have received on here is priceless.
Untill Scrips. presentation at the Nov am Manchester do i had never considered using betting exchanges as a trading medium and had never even placed a bet at a bookies so didn't even know the basics. Now 2 mnths later thanks to the help of all on here am now on the same learning curve with this as i began 5yrs ago on the financial markets, and enjoying every min. of it.
Good luck
Steve.

Harlosh - 05 Jan 2006 21:43 - 7608 of 10502

Wait for the Australian tennis open - it's fantastic!!!

Fundamentalist - 05 Jan 2006 21:47 - 7609 of 10502

Not more night shifts John!!!!

looks like the weather may be ok in sydney for the cricket (talking of night shifts!). If by some strange occurrence there is a result, then im buying when we go out next.

Schiff/Cloudbase

dont know how local you are to Manchester but as you have probably noticed me Harlosh and Bak meet up occasionally for a beer, a bite to eat and normally end up in the casino and also gives us a good chance to talk about the trading - im sure the other 2 wouldnt mind if either of you wanted to join us at any stage

Ps John/Bak - when are we going out next?

Fundamentalist - 05 Jan 2006 21:47 - 7610 of 10502

nice trading John

schiff - 05 Jan 2006 21:50 - 7611 of 10502

Can't say I enjoyed that! At 60m when it was 2-1 and 1.7 was offered I virtually gave up. Relieved and surprised when it was still 2-1 at 81m, I decided it wasn't worth risking 21 to win 4.75 so I backed at 4 and 4.9 to risk losing only 4 but winning nothing if it stayed as it was.

I think I'm with you Harlosh. My favourite lay is odds-on shots which I enjoy. The reason - you win more than you risk. The problem with the bet I did this evening is that for every loser you need at least four winners and that percentage is pretty hard to achieve! Sometimes I wish I'd not heard of Betfair (joke!) but I'm glad it's there for you fellows.

I think I'll just stick with backing Sue Smith and Emma Lavelle's chasers and Nicky Henderson in November and December.

Harlosh - 05 Jan 2006 21:55 - 7612 of 10502

I think you have to avoid trading for the sake of it schiff. If you just take what's on offer and don't chase it, it is surprising how it comes to you. Slowly does it really and the gains mount up.

Steve,

I noticed a few posts up Bak asking about next Thursday for a night out. You must have missed it. Was checking I was OK for then so now next Thursday is fine by me. All newcomers welcome of course.

I have a spare bed if anyone wants one!

Fundamentalist - 05 Jan 2006 22:22 - 7613 of 10502

John/Bak

next thursday is fine by me - is the plan the same as last time - printworks for a beer and chinese then the casino?

weather forecasts looking ok ish for the cricket - please MR Smith declare in the first hour

Fundamentalist - 05 Jan 2006 23:18 - 7614 of 10502

oh dear, complete lack of urgency from the saffers early on

Fundamentalist - 05 Jan 2006 23:25 - 7615 of 10502

Jacques Kallis, the draw layers curse lol

Dil - 05 Jan 2006 23:26 - 7616 of 10502

You would think there were 2 days left the way they are batting.

Draw looking tempting at 1.25

Dil - 05 Jan 2006 23:27 - 7617 of 10502

Hows the weather looking for today Fundy ?

Cloudbase - 05 Jan 2006 23:30 - 7618 of 10502

Hi all.
Fundy, i'm in Shropshire and would like to meet up with you guy's for a beer and meal sometime. Next Thursday out for me, got the wife's works diner to go to and on top of that it'll take me a week to get over cricket sleep depravation LoL. so next time.

Fundamentalist - 05 Jan 2006 23:31 - 7619 of 10502

Weather forecast is good until tea then a possibility of showers.

Dil, if you want to back the draw, i would wait till 240 ahead (thats the earliest likely declaration) and until then the draw isnt likely to shorten much, the danger is, if Smith does make a risky declaration the draw price will rocket out

Fundamentalist - 05 Jan 2006 23:32 - 7620 of 10502

Cloudbase

no probs, we try to get together every month or two, though we dont always organise much in advance as you can see!

Dil - 05 Jan 2006 23:35 - 7621 of 10502

The way Kallis is batting it'll be tea time before they get that far in front :-)

Dil - 05 Jan 2006 23:36 - 7622 of 10502

Makes Boycott look fast !

Fundamentalist - 05 Jan 2006 23:41 - 7623 of 10502

Managed to nick 5 ticks on the wicket - who on earth pushed it out from 1.25 to 1.3 i thank you

Fundamentalist - 05 Jan 2006 23:42 - 7624 of 10502

Dil

he is the most selfish international "team" sportsmen that i can ever recall (and ive seen a lot of sport over the years!!!)

Cloudbase - 05 Jan 2006 23:46 - 7625 of 10502

Now its getting interesting
Register now or login to post to this thread.