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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


Scripophilist - 22 Jun 2006 21:21 - 9968 of 10502

See I told you Brasil were value at 1.28 didn't I? ;-)

Mr Euro - 22 Jun 2006 21:34 - 9969 of 10502

Even better ar 2.28 :-) None for me at that price though! Were we all on?

Scripophilist - 22 Jun 2006 21:52 - 9970 of 10502

I was watching the Croatia vs Aus match. Remarkable game.

WOODIE - 22 Jun 2006 22:13 - 9971 of 10502

agree scrip best game so far g poll had a nightmare

Pommy - 22 Jun 2006 22:20 - 9972 of 10502

I laid Croatia at 1.35 ish, backed them for green all around at 5.3 , laid the draw (for 1/3 of my draw profit) at 1.5 and then that POLL ruined it!! Still made a decent profit tho!!

Nice evenings work and got betfair to work on my new N70!! :)

Word deleted by Moderator.

chocolat - 22 Jun 2006 23:03 - 9973 of 10502

As an avid lurker I thought I was starting to get the hang of what you lot do until I caught up on the last 70 posts.
What is it about Manuel that confuses the hell out of me :S

PS On 2nd thoughts I'll try the maths again in the morning minus factor y :)

Mr Euro - 23 Jun 2006 10:28 - 9974 of 10502

Wo wo wo wo wooooooooooo Pommy. What's that in English!!! What happen to the other 2/3's profit!?

Chocolat, don't worry, I have a natural talent for confusing things!

Whats on the agenda for today then boys & girls?

Ukraine look very good value, and France and Spain have to be the bankers of the day.

B-P - 23 Jun 2006 11:08 - 9975 of 10502

try this,
BACK england 100 @ 2.48 = 248
then IFFFFFFFFFFFF (LOL) england scores you divide 248 by lay price (1.37) as in mr euros example above.
248 divided 1.37 = LAY 181 -------- and you cannot lose

Fundamentalist - 23 Jun 2006 11:09 - 9976 of 10502

my opinions on today fwiw

Spain, look a shoe in but like brazil couldnt back at such a skinny price when they have nothing to play for and are likely to rest several players

Ukraine, a draw guarantees there qualification but would expect them to win, though victory for Tunisia would see them qualify instead

Switzerland v South Korea is a winner takes all game for qualification as top of the group, a draw would be enough for Switzerland but would likely see South Korea eliminated (assuming France win comfortably)

France have to win, and by 2 goals at least to guarantee qualification (if the other game is a draw). Have looked poor so far and couldnt back at 1.18 on what ive seen though they may be better off without Zidane being replaced by Ribery


Of those, Ukraine is prob the only side at the price i would want to get involved in but will watch first few mins before getting involved. There maybe more value today in the over 2.5 goals market

In Group H (Spains group), all the games so far have had 4 goals scored in them and there is every chance this will continue. The overs price at 2.1 in the Ukraine game looks good value, tho the 1.67 in the spain game looks skinny - if no early goals would look to back around the 2.0 mark

Likewise in the france game id rather back overs at the price than siding with france at 1.18

bakko - 23 Jun 2006 13:37 - 9977 of 10502

Wimbledon is almost upon us again. The draw was made earlier this morning and the Brits have been handed toughies!

Britons handed tough draw at SW19

The full draw is at wimbledon 2006 draw

Mr Euro - 23 Jun 2006 14:17 - 9978 of 10502

Backed Ukraines but will probably close out before the game and see how it opens.

bakko - 23 Jun 2006 14:29 - 9979 of 10502

Fundy....thanks for your footy opinions.

Of all 4 games the one that offers the best value imo is Ukraine. I'd probably hold out for 15-20 mins before backing (that's if they dont score) to get better odds. I'd certainly expect them to turn Tunisia over.

Well, that's my plan anyhow.

Mr Euro - 23 Jun 2006 15:15 - 9980 of 10502

Closed out as break out at 1.7 and didn't like the start of the game. Will get back in if the opportunity presents itself. All red for 20 on a 500 stake.

Why do betfair make you wait 5 secs before placing a bet? And do they take the bets of the market when a market is suspended?

Fundamentalist - 23 Jun 2006 15:47 - 9981 of 10502

shocking 1st half culminating in tunisia down to 10 men

bakko - 23 Jun 2006 15:58 - 9982 of 10502

got 30 ticks from that sending off :-)

compoundup - 23 Jun 2006 17:52 - 9983 of 10502

OK I'll admit to having lumped on Brazil last night at 1.28. Never lost faith but did lose several pounds in weight. Greened at 1.01 a few minutes before the end. Can't remember ever having greened at the absolute bottom before.

I don't think it was very clever but was under 14 year-old son's influence and using his side-bet guarantee. I don't think I'd have made him pay if Brazil had lost but I hope he learned something from it.

bakko - 23 Jun 2006 18:46 - 9984 of 10502

Edward.... You taking a leaf or two out of my book? lol

Anyway, well done. Please dont be lumping on France later. Although expected to win, they're far too short even for the likes of me.

bakko - 23 Jun 2006 21:03 - 9985 of 10502

Layed France before the ko. Sweated my b*******s off for 30 mins before my trade came good for 1 measly tick! Now green.

My thanks go to the Togolese defence and France's inept finishing!

Fundamentalist - 23 Jun 2006 21:04 - 9986 of 10502

Has to be said, being on messenger for that half hour was not for the faint hearted lol - felt like the samaritans for a bit hehe

bakko - 23 Jun 2006 21:08 - 9987 of 10502

I hope you've cancelled that call for the emergency services
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