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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


Harlosh - 03 Dec 2004 17:26 - 241 of 10502

17 races again today.
4 winners
1 loser
12 draws

Made a decent profit considering my bet sizes.
Problem I'm having is my bets are too small to 'geen up'.
Once I'm more confident, I'll up my stakes enabling me to green up. Then the number of draws should reduce and the winners increase

Harlosh - 03 Dec 2004 17:59 - 242 of 10502

Scrip,

Just wondered what you thought of the card today
I found it a little hard going at times with a lot of races not showing a clear favourite.

TPO - 03 Dec 2004 20:21 - 243 of 10502

What's the general tactic with footy matches ? Do you just trade them based on POM ? Or do you go into a match betting in favour of the most probable outcome and try to trade out if it doesn't turn out as planned ?

DocProc - 03 Dec 2004 20:29 - 244 of 10502

There is some interesting and slightly complicated betting/laying stuff on I'm a Celebrity GMOOH to be done when playing the Top Woman/Top Man scenario as a hedge against other bets. Useful training.

Edit: Am now greened up on either Sophie or Janet winning Top Woman.

PS. Considered a bet on Paul winning this one. Couldn't get the odds I wanted and so had to leave it out. ;-)

TPO - 03 Dec 2004 21:45 - 245 of 10502

The 5th elimination has been fun tonight.... 1st & 2nd favourites swapped. I'm all greened up now.

Scripophilist - 03 Dec 2004 22:22 - 246 of 10502

Unfortuntately I was not on the horses today as my wife is Ill with the thing I had two weeks ago. So only one left in the family not to get it. Hope I haven't passed anything on!!

Scripophilist - 04 Dec 2004 06:58 - 247 of 10502

14:35 Tingle Creek Chase, will be a cracker. If you are on only one race today let this one be it. I will be maxed out on this one.

Fundamentalist - 04 Dec 2004 10:20 - 248 of 10502

Scrip

the rematch from marchs cheltenham of moscow flyer vs azertioup with well chief thrown into the mix.

This is a race i want to gambling on not trading (cant see azertioup getting beat)

Scripophilist - 04 Dec 2004 14:40 - 249 of 10502

I hope you were trading and not gambling!!

Creamed it on AZERTY and greened up.

Fundamentalist - 04 Dec 2004 14:54 - 250 of 10502

Scrip

decided to pass on the race and watch, as conflicting strategies

had a good afternoon so far though - been some nice drifting favourites

Scripophilist - 04 Dec 2004 15:02 - 251 of 10502

Chelsea match was good as well!

A wise move, if you are too close to getting emotional better to leave it.

On the Arsenal, Man U, Barcelona and Inter matches today and a bit on the others and the horse. Other than that I'm pretty quiet!!

Harlosh - 04 Dec 2004 16:11 - 252 of 10502

Perhaps as well you did Fundy.

Have you moved?????????????????

Fundamentalist - 04 Dec 2004 17:04 - 253 of 10502

John

no - still here - will find out what is happening on monday

Harlosh - 05 Dec 2004 17:10 - 254 of 10502

After 4 days of trading, I've doubled my money. 101% to be precise.
Did well on the horses today but even better on the football and rugby.

Harlosh - 05 Dec 2004 18:01 - 255 of 10502

Nice win on C.Palace v Charlton after greening up on the draw. (I know I shouldn't have)
Just as well, as Charlton scored in dying seconds.

Fundamentalist - 05 Dec 2004 20:31 - 256 of 10502

John

well done mate - looks like im going to be around the early part of the week if you wanted a look at the software

Scripophilist - 06 Dec 2004 16:40 - 257 of 10502

Harlosh, well done!

Spaceman - 06 Dec 2004 17:14 - 258 of 10502

what does "greened up" mean ?

Harlosh - 06 Dec 2004 17:20 - 259 of 10502

Spaceman,

It's basically a process of laying off a bet so that you win whatever the result eg whatever horse wins a race, you win. Marvellous.

kernow - 07 Dec 2004 08:07 - 260 of 10502

Just looking at FTSE bets. Can anyone tell me what the index open price is and how betfair determine it. Presumable it is not last night's close? TIA
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