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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


bakko - 15 Jun 2006 18:31 - 9890 of 10502

draw collapsing fast

bakko - 15 Jun 2006 18:47 - 9891 of 10502

About time Eng!

Dil - 15 Jun 2006 22:48 - 9892 of 10502

England drifting .... trend is your friend :-)

sealed - 16 Jun 2006 10:20 - 9893 of 10502

LOL
From betfairs general forum:

getting better 15 Jun 20:22
I have met Peter Webb, a very nice guy and he seems to be a very shrewd man, I am surprised he has had to resort to writing books , but we all go through bad patches.

Dil - 17 Jun 2006 13:45 - 9894 of 10502

I've got a matched back and lay bet on Portugal v Iran but nothing showing on screen and can only be seen if I go to my account / matched bets.

Anyone else experiencing anything similar ?

Dil - 17 Jun 2006 13:49 - 9895 of 10502

Sorted it , somehow all my settings had been changed !

WOODIE - 17 Jun 2006 14:00 - 9896 of 10502

dil i had that earlier today not showing backed teams logged off then back on got sorted then.

Scripophilist - 17 Jun 2006 14:11 - 9897 of 10502

There seem to be a couple of odd things happening via the bf website recently.

I am all set up for Ascot next week now, really looking for to it. Should be able to set up a record race, day and week. I just can't wait!

BTW, Button involved in horrific f1 accident: -

http://www.bettingtraders.com/images/buttonf1.jpg

Pommy - 18 Jun 2006 17:21 - 9898 of 10502

laid brazil at and greened after 20 mins for 13 ticks. easy money!!!

Mr Euro - 19 Jun 2006 21:21 - 9899 of 10502

I am just about to lose 4k on Spain by the look of it. What the hell are they doing.

Pissed off to say the least.

WOODIE - 19 Jun 2006 21:40 - 9900 of 10502

mr euro its not over yet

Mr Euro - 19 Jun 2006 21:47 - 9901 of 10502

:-)

Fundamentalist - 19 Jun 2006 21:55 - 9902 of 10502

Viva L'Espana Mr E :-)

Backed spain in increments from 2.06 upto 5.7 after they went 1-0 down - a most pleasing evening

Pommy - 20 Jun 2006 06:18 - 9903 of 10502

Mr EURO. ooh yee of little faith.

A gooner I believe.

Spain should forget all those mickey mouse midfielders when the best one in the world is a gooner!!

Wish Id been near a computer last night, I would have beeen big on spain at 1-0 down!!



Mr Euro - 20 Jun 2006 09:28 - 9904 of 10502

Yep gooner through and through!

I messed up big time last night. Thinking I was going to lose I started having a few beers. When Spain went 2-1 up I layed off the bet and did something seriously wrong.

Fuck knows what I did but I fucked up big time. I am a stupid twat.

I ended up winning about 1,200 on Spain (instead of 5) and greening up to the tune of 80k on the draw and Spain to lose!!!! I think I layed off all my profit and not my liability. As soon as I had done that we lost all the electricy in a storm (just come back on) so didn't see until this morning.

There you are, I put my hands to being stupid.


DocProc - 20 Jun 2006 09:47 - 9905 of 10502

Well, you said it, Mr Euro. But what I am reading is something along the lines of, you now seem to be saying you are a winner in life because you are really clever at being stupid.

Sorry, but not in my book.

Mind you, we all have faults. I'm too bloody patronising. However, although I am trying to change, I'm failing miserably here.

Mr Euro - 20 Jun 2006 09:55 - 9906 of 10502

No I am not stupid Doc, although I do a lot of stupid things at time!

Here is what I did in more or less round numers:

4k on Spain at 2.12 (This is roughly the average of a numer of bets).

Then I layed Spain for 88k at 1.06.

I ended up winning 1,200 ish.

What did I do wrong?


Harlosh - 20 Jun 2006 10:08 - 9907 of 10502

4k on Spain at 2.12 = 4480 profit

88k lay on Spain = 5280 liability

Gives a P&L of -800

DocProc - 20 Jun 2006 10:12 - 9908 of 10502

Exactly

Mr Euro - 20 Jun 2006 12:52 - 9909 of 10502

Sorry I didnt give you the correct opening bets. My opening bet was 2.12 but only for a 1000, the average is more like 3 ish.

I have written myself a spreadsheet now so I don't get confused again :-) Bloody expensive mistake.

I layed off by profit and not my strake. Still given how it was looking half way through the 2nd half, winning 1,190 and getting my strake back is better than nothing (even if I did mess up).

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