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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


Fundamentalist - 03 Feb 2006 16:41 - 8511 of 10502

Favourite in the last at Fontwell went from 1.2 to 1.79 then back to 1.41 pre race :-)

my biggest ever 1 race profit :-)

compoundup - 03 Feb 2006 16:44 - 8512 of 10502

Nice one Steve. Sorry I wasn't watching

Harlosh - 03 Feb 2006 16:46 - 8513 of 10502

Well done Steve.

Harlosh - 03 Feb 2006 16:50 - 8514 of 10502

I wonder if the Egypt football match in the African nations is still going ahead. Anyone heard anything?

bakko - 03 Feb 2006 16:51 - 8515 of 10502

Steve...Excellent stuff.

Green on Egypt :-)

Harlosh - 03 Feb 2006 16:53 - 8516 of 10502

Well done to you too Bak. It's working then.

bakko - 03 Feb 2006 16:55 - 8517 of 10502

So far so good but I think timing is critical.

Fundamentalist - 03 Feb 2006 16:57 - 8518 of 10502

Cheers guys

John - shame you werent here to see that one :-)

Fundamentalist - 03 Feb 2006 17:01 - 8519 of 10502

congo almost 1-0 up inside 10 seconds

Scripophilist - 03 Feb 2006 17:38 - 8520 of 10502

"Favourite in the last at Fontwell went from 1.2 to 1.79 then back to 1.41 pre race :-)"

Well done Steve.

I was watching it very closely, there have been some interesting races this week. It's been a good one. Didn't do as well today as other days but I know some people have had a cracking week on the horses.

Arsenal seem to be falling apart ready the press this morning, what on earth is going on over there?

Fundamentalist - 03 Feb 2006 17:46 - 8521 of 10502

Scrip

had a bit of an up and down week on the hosses - struggled a bit yesterday with Harlosh watching over my shoulder lol but had a real bumper day today.

things are good at arsenal at the mo, dont think theyve even got 4 fit defenders for the weekend (def missing are campbell, toure, lauren, cole, cygan, clichy, abeyie and gilbert doubtful) - im not sure anyone bar chelsea could cope with losing that many defenders

campbell situation doesnt look good - on all accounts he has tried to quit the game recently and is suffering with some mental problems

on the plus side Diaby has looked quite impressive so far

stockpick - 03 Feb 2006 20:21 - 8522 of 10502

Hi everbody
Just read this the other day as I now trade FOREX and only visit to check on a couple of log termers every few months.
I was so impressed I have opened an account and downloaded the software but soon realised I need the training course to understand the strategs and how to trade it well. The screens are simple but I have never done any backing like this so I do not know how to read in detail.
So a couple of questions if you can help please
1 I can not make the London date and wondered if there would be any ones arranged for the north east as I live in Newcastle?
2 Is it worth downloading the pro version at this stage without knowing the strategi's involved?
3 Is there any info I can get to explain more details (I have watched the presentations on the site) than is currently on site?

Again great thread and any help would be great.

Thanks

SP

Scripophilist - 03 Feb 2006 21:22 - 8523 of 10502

"struggled a bit yesterday with Harlosh watching over my shoulder "

It's always difficult with somebody else watching. Much easier when you can focus only on what's happening in front of you.

Fundamentalist - 03 Feb 2006 21:44 - 8524 of 10502

Stockpick

welcome, my views fwiw

1) Scrip is the guy to ask as he runs the courses
2) I wouldnt get the Pro version till you understand betfair, the markets and some basic strategies. Until you are comfortable with each of these then the Pro version is likely to confuse you more than help you
3) The initial start point is to understand the concepts of backing and laying on betfair, how the site works and getting a feel for liquidity and spread (these concepts should come easy to you). Then you need to get a feel for why prices and move and which direction they are likely to move in. Once youve done that, its a case of applying certain strategies which you could slowly work out on a try it and see basis for small stakes, though ultimately its a lot quicker and easier to have these presented and demonstarted to you and backed up with statistics (the course im afraid)

Hope this is of some help, feel free to ask any further questions as were a pretty friendly bunch on the thread

Piptrader - 03 Feb 2006 22:19 - 8525 of 10502

stockpick - as we're neighbours, if you like to send me an email, I'll give you my details. I don't have the betangel s/w, but can help you with the basics of Betfair.

Harlosh - 04 Feb 2006 00:52 - 8526 of 10502

"struggled a bit yesterday with Harlosh watching over my shoulder "

Well, if you want the benefit of my advice..............................

LOL

Dil - 04 Feb 2006 09:12 - 8527 of 10502

Wales still drifting and England shortening as predicted.

Dil - 04 Feb 2006 09:50 - 8528 of 10502

Left a few bob in the market at 9's .... wanna take it Fundy ?

Fundamentalist - 04 Feb 2006 09:59 - 8529 of 10502

lol Dil

patriotic yes - stupid no

Dil - 04 Feb 2006 10:00 - 8530 of 10502

lol

over 3.5 tries at 1.43 and Wales with a 26.5pts start at 1.23 look good value
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