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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


Fundamentalist - 08 Feb 2006 21:41 - 8717 of 10502

Scrip

should watch the game on sky

Real Madrid are 6-1 down to Zaragoza

AdieH - 09 Feb 2006 12:58 - 8718 of 10502

Hi, Can someone please advise on this, recently I placed a bet on betfred (shop) on african nations cup, Drogba top goal scorer 6/1 and ivory coast to win 4/1, the bet was a 5.00 double win. The bet was accepted at the shop and they duly took my money (also had win double on eto, cameroon), they are now saying that this is a related bet and they are now only going to take as 2.50 singles..... Is this correct, surely if they have accepted the bet and taken my money this bet should stand as the original bet states? Not my fault their staff don't know their jobs???? Any info would be appreciated...

WOODIE - 09 Feb 2006 13:14 - 8719 of 10502

adie look at the rules on www.betfred.co.uk.

Fundamentalist - 09 Feb 2006 13:22 - 8720 of 10502

Adie

i have to agree with them that they are related bets though this should have been pointed out at the time. With hindsight, at the time you should have asked them for a "combined" price, which would have ultimately been lower than a straight double but higher than two singles

Ultimately im afraid the bookies are covered by outdated rules falling under the category of palpable error which enable them to get away with effectively changing the bet after they have accepted it. Put it like this, if IC had gone on to win and Drogba hadnt been top scorer would they have still paid out on the winning single - no theyd have settled it as a losing double!!! Sad to say but they get to have their cake and eat it!!!

compoundup - 09 Feb 2006 13:26 - 8721 of 10502

Scrip. re-BAPro. A quick note to say that some of the enhancements that are visible to the user which you brought in in the latest revision are really beneficial, thanks.

Annualised percentage return on Betfair since your course and using BetAngel has consistently outperformed UK and US trading portfolios for me - and no I'm not saying "smaller losses" ;-)

AdieH - 09 Feb 2006 13:44 - 8722 of 10502

Yeah thought that would be the case, thanks for your input fundamentalist its a learning curve, just hope the double doesn't come in now... Anyone else got any long football bets i.e. premiership league winners or first division?

Fundamentalist - 09 Feb 2006 14:09 - 8723 of 10502

Huntiongdon races been put back 5 mins today

schiff - 09 Feb 2006 14:26 - 8724 of 10502

Just backed a 33/1 winner for a place - @ 6.2. es aitch one tee!

Have a look at its record (Runner Bean) at Huntingdon.

Fundamentalist - 09 Feb 2006 14:35 - 8725 of 10502

nice one schiff, watched the race, real genuine old campaigner

huntingdon 2.40 a joke - been 4 withdrawals in 5 minutes!

Fundamentalist - 09 Feb 2006 14:39 - 8726 of 10502

Be careful with trading huntingdon until last 5 or so mins before the off, a lot of the trainers have concerns about the ground and there are likely to be more withdrawals throughout the day

Fundamentalist - 09 Feb 2006 14:39 - 8727 of 10502

and another one gone from the 14.40 - presenting express

Fundamentalist - 09 Feb 2006 17:03 - 8728 of 10502

5.05 Cristoforo is one of Barney Curleys though wouldnt expect the normal moves

Fundamentalist - 09 Feb 2006 17:08 - 8729 of 10502

some big lumps laying just before the off but not much of a drift

bakko - 09 Feb 2006 17:15 - 8730 of 10502

Missed it but what was the result?

TIA

Harlosh - 09 Feb 2006 17:17 - 8731 of 10502

Any thoughts on the Nigeria/Senegal game? Staying out for now to see how things develop.

Fundamentalist - 09 Feb 2006 17:23 - 8732 of 10502

Bak

never put in the race and given too much to do - hence the lumps before the off lol

John

watched the last ten mins - looks too much like a friendly to me - only temptation would be the draw price collapse

Harlosh - 09 Feb 2006 17:24 - 8733 of 10502

Yes. Thats what I'm looking at now Steve.

bakko - 09 Feb 2006 17:28 - 8734 of 10502

Thanks Steve.

Haven't a clue on Nigeria game as not watching but could try draw collapse.

Harlosh - 09 Feb 2006 17:48 - 8735 of 10502

Layed off and greened up in nice time before goal is scored.

Fundamentalist - 10 Feb 2006 08:25 - 8736 of 10502

Aus vs Sri Lanka cricket just got interesting - pretty much a level game now

my book looking messy though :-(
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