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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


ptholden - 11 Jun 2006 21:20 - 9836 of 10502

Very true Baks and the longer it remains 1-0 the greater the belief Ang will have to think they can get something out of the game

bakko - 11 Jun 2006 21:43 - 9837 of 10502

Just nicked a couple of ticks on Port and now green. Not convinced that Por will score another.

bakko - 11 Jun 2006 21:45 - 9838 of 10502

I mentioned a cricket score earlier but failed to add that it was an Eng cricket score!

ptholden - 11 Jun 2006 21:52 - 9839 of 10502

baks :-)
Had a look at Dutching the correct score and did so, although for 30%. Covered most eventualities, but not 1-1. Placed a small covering bet just in case, so unless Angola score twice the bet is safe.

ptholden - 11 Jun 2006 21:52 - 9840 of 10502

As I type, money in the bank :-)

bakko - 11 Jun 2006 21:57 - 9841 of 10502

Nice one again, Pete.

A profit from all 3 games for me today :-)

Cant wait for tomorrow!

ptholden - 11 Jun 2006 22:03 - 9842 of 10502

Yep, me too. Plus Rugby, Tennis, Cricket and the Nags. All relatively small bets, but they certainly add up :-)

ptholden - 11 Jun 2006 22:05 - 9843 of 10502

Incidentally, good job I greened up on the over 1.5 goals. As I said you just never know!!

bakko - 11 Jun 2006 22:11 - 9844 of 10502

Lots of burnt fingers for those trading/betting on the overs on the betfair forums. I think everyone and their dogs were expecting a goal feast tonight

ptholden - 11 Jun 2006 22:44 - 9845 of 10502

No doubt many of those were on the over 1.5, it cost me 30% of my profit to green up, leaving a 40% return on my bet. I think most stock traders would settle for that for 5 mins work. One thing I am learning at the moment is that a guaranteed smaller profit is better than no profit at all or even loss of the original stake.

pth

compoundup - 12 Jun 2006 08:45 - 9846 of 10502

Amen to that pth - it's too easy to switch from "trader" to "punter". I have the scars :-)

compoundup - 12 Jun 2006 14:08 - 9847 of 10502

Wake-up the Henman layers. He's just about to take on Agassi in round 1 of the Stella Artois - Eurosport 410

Fundamentalist - 12 Jun 2006 15:42 - 9848 of 10502

Come on the Aussies

took a few quid at 50 when 1-0 with 10 mins to go, 6 mins for a winner :-)

Fundamentalist - 12 Jun 2006 15:46 - 9849 of 10502

Cahill you Fcuking beauty :-)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))

Fundamentalist - 12 Jun 2006 15:48 - 9850 of 10502

Backed at 50s, greened at 1.04 - oh if it was only always this easy

Pommy - 12 Jun 2006 16:03 - 9851 of 10502

Very lucky, I backed Aussies a 1-0 too, but Japan had a def penalgty and cahill would have been off for a second yellow!!

Aus deserve to win tho!!

ptholden - 12 Jun 2006 17:16 - 9852 of 10502

Nice one Steve :-)
Just laid the Czechs, come on the U S of A :-)

ptholden - 12 Jun 2006 17:35 - 9853 of 10502

OOPS

ptholden - 12 Jun 2006 17:36 - 9854 of 10502

cracking second goal, pity the Yanks hit the post :-(

ptholden - 12 Jun 2006 18:26 - 9855 of 10502

Hmm, USA playing without any heart, they should have watched some of the other so called minnows to get a bit of an idea!
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