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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.

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chocolat - 05 Mar 2006 13:27 - 9160 of 10502

Possibly Fundie ;)
Best not go near the Peking Court though eh baks :)

bakko - 05 Mar 2006 13:35 - 9161 of 10502

Chocs

You're more than welcome to join us one evening. Just prepare yourself for it to last all night and most of the next morning. We are in the midst of organising a convenient date but shouldn't be far away now, hopefully within the next couple of weeks.

Fundamentalist - 05 Mar 2006 13:36 - 9162 of 10502

choccie

we could just bypass the chinese and go from the pub to the casino :-) but i think Harlosh may protest

chocolat - 05 Mar 2006 13:40 - 9163 of 10502

Why does that not surprise me Fundie? Never seen you eat yet!
Fine by me baks - so long as it doesn't involve a greasy spoon ;)

bakko - 05 Mar 2006 13:43 - 9164 of 10502

Hey Chocs...We only frequent high class eateries!

bakko - 05 Mar 2006 13:44 - 9165 of 10502

Man C already 2-0 up after 10mins

compoundup - 05 Mar 2006 13:48 - 9166 of 10502

Brett Lee might have SA pinned down. Have backed Aus to win at 1.5

Fundamentalist - 05 Mar 2006 13:49 - 9167 of 10502

Ditto edward - looked a free bet for 5 overs and is now nicely profitable

compoundup - 05 Mar 2006 13:50 - 9168 of 10502

25 ticks in 1 min. - in the groove today or what?

Fundamentalist - 05 Mar 2006 13:50 - 9169 of 10502

may take a bit more if the market settles quickly - still think the price wont drift for 5 overs at least

Fundamentalist - 05 Mar 2006 13:52 - 9170 of 10502

id have risked a few of them ticks for a bit longer, SA arent going to score at a rate that will push the price out much in the next 5 overs, another wicket and theres another 12 ish ticks

Fundamentalist - 05 Mar 2006 13:54 - 9171 of 10502

thatll do nicely :-)

Fundamentalist - 05 Mar 2006 13:55 - 9172 of 10502

out at 1.08 - another 17 ticks in the end :-)

compoundup - 05 Mar 2006 13:57 - 9173 of 10502

I hadn't covered - I was just boasting - now 43 ticks and not about to close out :-)

Fundamentalist - 05 Mar 2006 13:59 - 9174 of 10502

had too much in the market not to take my stake back out, seen too many strange things in one dayers - 85% return will do me :-)

compoundup - 05 Mar 2006 14:01 - 9175 of 10502

On reflection you're right as usual. There might yet be some more action so I have covered now.

compoundup - 05 Mar 2006 14:19 - 9176 of 10502

On Aus again at 1.12

bakko - 05 Mar 2006 14:43 - 9177 of 10502

I see that we're on the cricket again.

Aus at 1.28.....Far too generous for me, I'd rather wait for my lucky odds of 1.08! LOL

Fundamentalist - 05 Mar 2006 14:51 - 9178 of 10502

was hoping for 1.6 myself , big worry for me is Watson still has 4 overs left

compoundup - 05 Mar 2006 14:56 - 9179 of 10502

My turn to play an out-of-the-money game :-(
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