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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


kajman - 09 Jun 2005 14:20 - 3261 of 10502

Scrip - So it's your fault they had to upgrade the capacity then. ;-)

Fundy sorry you still have red. I'll vote Sam for you.

bakko - 09 Jun 2005 14:27 - 3262 of 10502

Just been trading the Antic v Gasquet blind. I don't have pictures and have to rely on the live scoreboard which was down for the whole 1st set. They're back on.....Phew!

BTW My money is on Antic.

Fundamentalist - 09 Jun 2005 14:33 - 3263 of 10502

Kaj

im treating it as a learning lesson - dont get involved in stupid markets where you dont know the full story - the other side of the trade have the edge!!!

Scrip

:-)

Kayak - 09 Jun 2005 14:39 - 3264 of 10502

I'm not trading BB this year due to lack of time, although I made a fair whack last year. Anyone looking to make money on it should bear in mind that the full internet feed sitting running on your desktop the whole day is pretty essential... as is reading the bulletin boards to see shifts in popular opinion.

Fundamentalist - 09 Jun 2005 14:40 - 3265 of 10502

Not normally one to boast my good trades (well only occasionally lol) but have just made over 100 on one trade on the horses for the first time:

14.40 Ripon, My Diss Sire - laid at 2.84 for 500 and backed back and greened up at 3.65

WOOOOOOHOOOOOOO!!!!


Scripophilist - 09 Jun 2005 14:41 - 3266 of 10502

Fab move on My Diss Sire on at 15:40, Fully 100% or 20 ticks which ever is your flavour.

Scripophilist - 09 Jun 2005 14:42 - 3267 of 10502

Great minds and all that! :)

Scripophilist - 09 Jun 2005 14:43 - 3268 of 10502

Drifted like a barge down the Thames on a windy day!

Fundamentalist - 09 Jun 2005 14:44 - 3269 of 10502

Scrip

ran like a horse in the thames lol!!!

Scripophilist - 09 Jun 2005 14:45 - 3270 of 10502

PMSL!

Scripophilist - 09 Jun 2005 14:49 - 3271 of 10502

I'm going mental on the 14:50 at Yarmouth. Just for a laugh. Trying to see how many trades I can get in.

Scripophilist - 09 Jun 2005 14:49 - 3272 of 10502

Only rule is that I can't close one trade till I am out of the prior trade.

Scripophilist - 09 Jun 2005 14:51 - 3273 of 10502

Only managed 60 and break even.

Scripophilist - 09 Jun 2005 14:55 - 3274 of 10502

Doing it again on the 15:00

Scripophilist - 09 Jun 2005 15:00 - 3275 of 10502

118 and now closed out. Only loss on Cut and Dried.

Fundamentalist - 09 Jun 2005 15:01 - 3276 of 10502

I dunno, youre trying to trade a race and some joker is placing bet then counter bet after bet etc etc and the market is all over the place - if only i knew who it was lol

Scripophilist - 09 Jun 2005 15:04 - 3277 of 10502

Would be interested to know if you notice any change in the market. I can't see I would have that much impact but would be interested to know. I'm on the 15:10 and then I'll have a rest!

Fundamentalist - 09 Jun 2005 15:08 - 3278 of 10502

Scrip

nothing noticeable, i think the first race you did it on the favourite was trading sideways so a bit jumpy

Scripophilist - 09 Jun 2005 15:11 - 3279 of 10502

Only 40 there. Off to do some real trading now but will be back blasting the 16:00 at Wolverhampton.

Fundamentalist - 09 Jun 2005 15:17 - 3280 of 10502

3.20 a cracker to trade scrip - the 3 principles all had nice moves - caught 2 of them
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