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 - 25 Apr 2006 14:22 - 9629 of 10502

well beaten into 3rd

Commentator struggled badly with the horse called Hucking Hot lol

Fundamentalist - 25 Apr 2006 17:11 - 9630 of 10502

Stewards at Folkestone have thrown out a winner traded at 1.01 in running

On all accounts the horse that finished 2nd but placed first by the stewards was owned by none other than Sir Thomas Pilkington - who just happens to be a Jockey Club Steward - and who says racing is corrupt lol

WOODIE - 25 Apr 2006 19:03 - 9631 of 10502

fundy what also happended about 30 secs from the market being suspended the 2nd fav had all the money taken out so someone had the word before they could close the market.

Fundamentalist - 25 Apr 2006 20:41 - 9632 of 10502

Woodie

betfair should suspend before the result is known - it cant be that difficult to get an agreement from the racetracks to be notified 10 secs before the announcement, the result is announced on track before betfair suspend currently - some times by more than a few secs hence the winner is backed down to 1.01

Fundamentalist - 25 Apr 2006 20:44 - 9633 of 10502

Bit worried about Arsenal tonite, not happy with the approach which appears to be happy with 0-0. Reyes and/or Ljundberg need to give Clichy more cover and someone has got to give us another outlet rather than Henry. Ljundberg seems to not knowe where he's supposed to be playing and hence not contibuting to attack or defence, would much rather see Pires on in that position personally.

Still, 45 minutes to Paris (or could it be 75 mins or even worse for my nerves penalties)

Fundamentalist - 25 Apr 2006 21:49 - 9634 of 10502

We got lucky, dont agree with the tactics but were in the final :-) thought the penalty was a joke but Jens Lehman a hero

onlyfools - 26 Apr 2006 12:44 - 9635 of 10502

Hi all

Only my 2nd post here :)

Over the last couple of days ive been really having a good look at these programs from betfair. Arguably im lazy but I havent been able to get through hardly any of this thread lol so was looking for someone who could maybe give me a summary (someone whos been here from the start) and if anyone could answer these questions.

Who has bought betangel?

What stakes do you bet?

Would you recommend it?

Is it easy to use?

Sorry for all the questions but I want to make sure before buying

Onlyfools

Fundamentalist - 26 Apr 2006 13:08 - 9636 of 10502

Onlyfools

welcome on board.

In answer to your questions, i have bought and use Betangel regularly (most days and always when i use betfair). Yes i would recommend it, but only to someone who is serious about trading on betfair on a regular basis. As for being easy to use, in terms of placing a straight forward bet it is as simple as it comes in terms of being one click software. However, in addition to this it has a lot of extra features which are very valuable once you know how to use them thugh take a little getting used to and fine tuning to suit your own style.

Before purchasing you should check out these features and the demos on the betangel website

As for size of bets, mine range from 20 to several thousand depending on the event and price and my own risk reward view of it. I trade quite a variety of events though my two core sports are Horse Racing and Cricket, though Football, Rugby, Darts and Snooker are all regular events for me too

Hope this helps, feel free to ask any other questions you have and ill do my best to answer

onlyfools - 26 Apr 2006 14:26 - 9637 of 10502

Hi Fundamentalist

First off thanks very much for your reply, I wasnt expecting such a useful response so quickly! lol

I feel if I did purchase Bet Angel, I would naturally spend more time/allow more time for trading on Betfair. However my bet sizes are usually around the 2-100. This is the dilema I have..

From the few videos I have watched they seem to make it look relatively easy to profit using the program, one thing I noticed was that the outlay was always around 100 (even to win as little as 2 etc).

I suppose a big reason why I dont trade on Betfair that much and bet in relatively small stakes is that I find that trading has become increasingly difficult (too fast for me to take advantage of any price errors tbh) and id be hoping bet angel could close this gap down.

The sports I trade are Football, Darts, Snooker and I have actually had the greatest success with Special Bets, big brother etc (which I actually still find relatively easy to trade due to the length of the contest and the huge fluctuations in price.

At the moment I have a lot of free time so would be able to spend a good few hours learning/understanding Bet Angel.

The above sums up my "situation"..would you recommend me purchasing it?

Thanks again for your reply
Chris

Fundamentalist - 26 Apr 2006 15:32 - 9638 of 10502

Onlyfools

I guess it boils down to the type of trading you are doing and the timescale you expect to be in the bet.

For example I may trade 2000 on an odds on horse but i may only be in the trade for 30 secs - looking for a tick or two whereas on the cricket I may take a position at the start of a test match which runs for a few days. In these instances the first scenario is nigh on impossible without Betangel wheres as the second instance doesnt require betangel (but having it does allow me to have a stop loss in place if i need to go out)

I guess from what you say you are mainly taking an opening position which you consider to be a value bet and then looking to green up once the value has reduced with little reliance on what i call "fastest finger first"

If this is the case then im not sure you would gain a great deal from Betangel Pro, though having it may change your aproach to the way you trade some of the sports

One thing to bear in mind with the size of bets, when i open a trade, the initial position may be for 2000 but i am not prepared to lose all of it - more likely only 5-10% maximum, so actually the size of the actual bet doesnt really translate to my exposure

rbrownam - 27 Apr 2006 12:08 - 9639 of 10502

Anyone know what has happened to

www.thedailyprofit.co.uk

?

Fundamentalist - 27 Apr 2006 12:34 - 9640 of 10502

rbrownman

i wrote a few articles for it but it soon became clear that the guy running it didnt have the resources to continue to do so. I havent heard from him for a while and see the website seems to have disappeared. A shame really as a decent idea with some decent contributors

Scripophilist - 27 Apr 2006 13:39 - 9641 of 10502

http://www.helpwinthisbet.com/

Piptrader - 27 Apr 2006 17:45 - 9642 of 10502

Earlier today the counter was ticking up at about 18 hits/second. At that rate, I figure Dan will be the meat in a rather nice sandwich very soon:-)

Fundamentalist - 27 Apr 2006 18:12 - 9643 of 10502

When i looked this am he had approx 300,000 hits, hes over 650,000 now. should have a big smile on his face by the end of the weekend!!!

Scripophilist - 27 Apr 2006 21:35 - 9644 of 10502

Another cracking borough match this evening, incredible stuff in the Riverside again. Surely not another great escape!

WOODIE - 27 Apr 2006 21:50 - 9645 of 10502

superb stuff

Fundamentalist - 27 Apr 2006 21:52 - 9646 of 10502

looks like the great escape again - and the punter who had a huge double on boro and arsenal to qualify going to be one happy bunny tonite

McClaren for ENgland!!!!!!!!!!!!!!!

Scripophilist - 27 Apr 2006 21:53 - 9647 of 10502

Tense finish!

Scripophilist - 27 Apr 2006 21:53 - 9648 of 10502

Stuff of legend if they do it!
Register now or login to post to this thread.