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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


ptholden - 09 Jun 2006 22:03 - 9808 of 10502

Don't think we will have any problems beating Pol Steve, even if they get past the group stages, which is now very much in the balance and on tonight's performance they don't deserve to progress. How many times have we said that about Eng? lol

bakko - 10 Jun 2006 19:55 - 9809 of 10502

Evening All

Anyone trading the Argentina v IC game which is about to start in a few mins?

ptholden - 10 Jun 2006 19:55 - 9810 of 10502

Didn't touch the Eng match today, their record in World Cup first games is not good and even after a tremendous start, they failed to make the game safe. Looks like Eng will have to win the WC inspite of Sven, unbelievably negative in the second half, leaving the result in doubt until the final whistle. Got to be happy with the win, particularly in view of TNT's amazing draw. but quite a poor performance overall. Oh and I see the weather was to blame yet again!!

pth

bakko - 10 Jun 2006 20:02 - 9811 of 10502

Hi Pete,

Watched the Eng game too and despite the win I thought it was a pretty dire performance.

bakko - 10 Jun 2006 20:24 - 9812 of 10502

1-0 to Arg :-)

ptholden - 11 Jun 2006 18:40 - 9813 of 10502

Mex 3-1 up :-)

bakko - 11 Jun 2006 18:52 - 9814 of 10502

Nice one Pete. Ditto for me too :-)

ptholden - 11 Jun 2006 19:31 - 9815 of 10502

Well done Baks, placed the bet at 1-1, so was sweating a bit, also over 2.5 goals, so all my Xmases came together.

Probably go for Portugal in a bit, although not very good value

bakko - 11 Jun 2006 19:37 - 9816 of 10502

I layed Iran at 6.8 at 1-1 and watched it drift out. Then came the Mex goals :-)

Will be watching the Port game soon and see how it unfolds. Agree with you that its poor value and wont be trading before the game

ptholden - 11 Jun 2006 19:39 - 9817 of 10502

Was kinda thinking that the correct score is extremely good value. Say 2-0 or 3-0 to Portugal, only problem is if Angola manage to score a goal the bet is stuffed!

bakko - 11 Jun 2006 19:43 - 9818 of 10502

I'm not a fan of trading correct scores as can go belly up. Have you tried dutching correct scores yet?

bakko - 11 Jun 2006 19:50 - 9819 of 10502

You can get 61% return on your trade if you cover correct scores 2-0, 3-0, 2-1, 3-1 and unquoted (to Portugal, of course). Anything else loses.

ptholden - 11 Jun 2006 19:52 - 9820 of 10502

No, I havent, shall have a look, thanks for the thought

bakko - 11 Jun 2006 20:00 - 9821 of 10502

Por almost scored within 10 secs!

ptholden - 11 Jun 2006 20:03 - 9822 of 10502

they have now

bakko - 11 Jun 2006 20:04 - 9823 of 10502

1-0. I can smell a cricket score

ptholden - 11 Jun 2006 20:06 - 9824 of 10502

that helps the over 1.5 :-)

bakko - 11 Jun 2006 20:08 - 9825 of 10502

I already have a profit on Por. Layed them just after KO and backed back but almost got caught out. Phew!

ptholden - 11 Jun 2006 20:12 - 9826 of 10502

bloody hell Bak, that nearly early goal just about did for you

bakko - 11 Jun 2006 20:18 - 9827 of 10502

Luckily, I wasnt in the trade at that point as still suspended but got the trade in soon after that but got out moments before the goal. Wont be greening up though as really cant see Por losing this at all. I've got no liability so not worried even if Ang score.
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