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


Fundamentalist - 29 Jan 2005 10:01 - 783 of 10502

First come first served scrip - lol

(though if i was you i would put that in the thread header)

Scripophilist - 29 Jan 2005 10:02 - 784 of 10502

I am always a bit slow in the morning!! Re : The header I don't want to hijack MoneyAM's ad revenue.

Scripophilist - 29 Jan 2005 14:33 - 785 of 10502

Phew, First match down for the day. A nightmare watching a team you support. Trying to stay unemotional was pretty much impossible!! However, I kept my discipline right through, aside from dropping my laptop a couple of times.

Harlosh - 29 Jan 2005 14:40 - 786 of 10502

Got caught by the penalty whilst backing the draw. Suppose it had to happen eventually. Though a risky strategy, it still pays in the long run.

Harlosh - 29 Jan 2005 15:00 - 787 of 10502

I just can't fathom the odds on the races today. Just seems to be doing the opposite of what it should.

bakko - 29 Jan 2005 15:11 - 788 of 10502

Harlosh, sorry to hear you got caught out. I know exactly how it feels as I got stung pretty badly last night on the Bristol v Ch'field game last night. Even though it hurts I see it as part of the learning curve. It will also keep my feet firmly on the ground too. I shouldn't take on strageties that are too risky and stick to Scrip's basics.

Harlosh - 29 Jan 2005 15:19 - 789 of 10502

It comes with the territory eh bakko. Had 100 on it so it wasn't too bad.

Scripophilist - 29 Jan 2005 15:32 - 790 of 10502

Harlosh, Sorry to hear you got caught, It happens, That's just part of a mix. I've dropped you an email that may help you in this particular case.

bakko - 29 Jan 2005 15:40 - 791 of 10502

Harlosh,
Yep, you're not wrong there. Suppose you have to take the rough with the smooth. I only wish I had 100 on it too. Unfortunately, it was a bit more than that but you'd fall off your chair if I told you the exact amount!

Fundamentalist - 29 Jan 2005 15:45 - 792 of 10502

Scrip

any chance i could have a copy of the mail you sent harlosh please

Scripophilist - 29 Jan 2005 15:53 - 793 of 10502

You all have new mail.

bakko - 29 Jan 2005 16:15 - 794 of 10502

Thanks scrip for email. Will check it out properly later. In the meantime I'm off to the ManU v Boro game.

Scripophilist - 29 Jan 2005 17:46 - 795 of 10502

Harlosh, You should have got a chunk back on the ManU I am guessing.

cunningham - 29 Jan 2005 21:07 - 796 of 10502

Opened an account this evening. May take a while Fundamentalist to get your 20 as this is all compeletly new to me and I am already totaly confused.

To get me started can anyone explain whats the difference is between a place and a non-place horse race.

Also is there any good sources of information I could read before the course.

Apart from Share trading and spreadbetting the nearest I have got to this sort of thing is the odd bet on the Grand National.

Fundamentalist - 29 Jan 2005 21:17 - 797 of 10502

Cunningham

ill try and earn my 20!!!!

I assume you are asking because there are 2 markets for each horserace. The place market is to finish in the first three - the other is the win market - this is the one you should be betting on.

As for info, as good as any may be to go to the start of this thread and look through. the majority is us discussing current trades but there are also some posts where questions are asked and answered (especially earlier on in the thread)

The other option is to have a look and see what you are planning to do then post a question on here - 1 or more of us will answer.

The key concept to realise is that if you are backing, you want it to win (like having a bet on the national), if you are laying you want it to lose (you're effectively playing the bookmaker)

cunningham - 29 Jan 2005 21:25 - 798 of 10502

Fundamentalist - So far so good as that made sense.

If you lay and play the bookmaker can you only ever make back your stake? Then if the horse comes in you stand to loose your stake and any monies you have to pay out to the corresponding backer.

Fundamentalist - 30 Jan 2005 00:45 - 799 of 10502

spot on cunningham

for example - if you lay a horse at 4.0 for 10 - if it wins the race you lose 30, if it doesnt win you win 10

chartist2004 - 30 Jan 2005 01:26 - 800 of 10502

All up early for the Safin/Hewitt match @ 08:30, will be waiting for the magic lay of 1.02! Then on the footie later on...

Scripophilist - 30 Jan 2005 09:08 - 801 of 10502

I have friends over so no activity for me today but had a good day yesterday so should be happy with that and won't be greedy.

chartist2004 - 30 Jan 2005 20:22 - 802 of 10502

Good evening all, anyone on the Bob Hope Golf, a 2 horse race at the mo, backed both if J Leonard cracks it I'll be up 25% today o/a, even though I bottled it on the tennis, backed Safin but as he faulted I paniced, ended up 2p!! a good day overall...
Register now or login to post to this thread.