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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


Harlosh - 07 Jan 2006 21:01 - 7694 of 10502

Glad you find it better schiff.

Fundamentalist - 07 Jan 2006 21:48 - 7695 of 10502

Nice work schiff

well done mate

Dil - 07 Jan 2006 21:59 - 7696 of 10502

I laid Liverpool at half time at 3.35 and backed them at 18 about 2 seconds before they scored their second goal.

Sweated a bit when they were awarded that penalty but all in all not bad result.

Harlosh - 08 Jan 2006 01:50 - 7697 of 10502

Just notcied your post on the Poker thread Steve.

Jeez, is there no pie you haven't got your finger in. LOL!!!!!!!!!

You'll have to teach me one day.

Fundamentalist - 08 Jan 2006 13:59 - 7698 of 10502

John

jack of all trades master of none lol

been playing poker for years, thought youd have realised when i was moaning they had no tables at the casino lol

schiff - 08 Jan 2006 14:43 - 7699 of 10502

This is getting a bit scary! Last night I had a position in the Braga v Sp Lisbon match. Betfair, Soccer Stand and livescore screens all open - hoping and expecting to be in control!
I'd backed Braga to win at 2.88 and was quite happy when it was 2-0. Then everything went haywire. The betfair screen implied the score had changed but no info on SS and LS. Then - apparently - another goal. The SS and LS screens showed at various times thereafter 2-0, 2-1, 3-0, 2-2 - so I'd no idea where I was up to!
I managed to get a lay or two in before the game was over (B won 3-2 scoring last) and I won money. Assumed it was all because the match was 'in a foreign country' (lol).
Then today SS had Fulham leading 1-0, then it went to 1-1, then to 0-1 (the correct score). Ceefax might be a bit slow but it seems more accurate than these super-sites. And you can more or less assume that betfair is on the ball, though you sometimes have to guess at the score.
I think it all means going carefully unless you are watching the match itself.
Incidentally, I said flattering things about the FA Cup yesterday and I now think you can add the Scottish version! My bet for the first goal in the first 10 minutes went down so I backed Clyde to score next @ 6.6 (a sporting bet I thought). Not only did they do that but scored twice AND missed a penalty!!! As things stand Celtic look on their way out - still 0-2 and 7 minutes to go. Roy Keane eat your heart out - or whatever's behind your rib-cage.

schiff - 08 Jan 2006 14:47 - 7700 of 10502

PS - SS is showing 89m played and Clyde winning 2-0. Ceefax shows Celtic as having scored in the 83rd minute and down 2-1. See what I mean!!

Fundamentalist - 08 Jan 2006 14:51 - 7701 of 10502

Schiff

these sites will never be as fast updated as either live pictures or the betfair prices. If the price looks like a goal has been scored - it has!!!

schiff - 08 Jan 2006 15:02 - 7702 of 10502

Agreed Fundy - so chuffed Clyde held out, particularly for the guy who missed the pen!

bakko - 08 Jan 2006 16:37 - 7703 of 10502

Afternoon All,

Anyone watching the ManU game?

Burton are the superior side against a much weakened ManU team.

Man U just had their 1st decent chance on goal after 35mins

Fundamentalist - 08 Jan 2006 16:43 - 7704 of 10502

Bak

ive got in on in the background, United have been poor so far. Be interesting to see how long Fergie waits to make any changes - hes got Rooney and Ronaldo on the bench - would be tempted at 1.5 at HT if these 2 came on

bakko - 08 Jan 2006 16:48 - 7705 of 10502

Hi Steve

ManU have been dreadful so far and I've already scalped a few ticks. Likewise will be waiting for a decent price to get in later

Fundamentalist - 08 Jan 2006 16:49 - 7706 of 10502

bak

certainly wont be getting involved on man u unless he uses the bench

Fundamentalist - 08 Jan 2006 17:00 - 7707 of 10502

Bak

assuming playing a first team, spurs look a good price, though they are prone to struggle in this sort of game

Fundamentalist - 08 Jan 2006 17:04 - 7708 of 10502

no changes at half time

bakko - 08 Jan 2006 17:07 - 7709 of 10502

Steve

Already looked up Spurs price and agree that the price looks ok but as its on TV later I'll see the line up and watch 1st 5-10mins before deciding what to do.

Just greened up on ManU game. Only a small green and will probably save my trading for the Spurs game instead.

Fundamentalist - 08 Jan 2006 17:13 - 7710 of 10502

have to say im more tempted to lay man u than back them having watched the first 10 mins of second half, certainly no value backing at 1.47

Fundamentalist - 08 Jan 2006 17:14 - 7711 of 10502

Rooney and Ronaldo coming on

bakko - 08 Jan 2006 17:18 - 7712 of 10502

Can't see these 2 can even inspire 9 very poor performers!

Fundamentalist - 08 Jan 2006 17:18 - 7713 of 10502

no but worth 7 ticks :-)
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