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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.

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Scripophilist - 07 Sep 2005 10:07 - 4441 of 10502

Volumes were massive on the Tennis, I don't know if you noticed Bakko but there was somebody throwing around quite a few k a time quite regulary. The volume bars on Bet Angel show those sorts of orders up a treat. It's interesting to watch that activity. I sensed the market was nervous as it was flip flopping quite a bit at the start of each game.

When Federer was almost broken in the third set his price shot right out to 1.30 and I think itchy fingers were at play. From 1.03 at the start of the second set to 1.30 without that critical break was way too much IMHO. I was pretty nervous at that point but backed him in from saving those break points.

Scripophilist - 07 Sep 2005 10:11 - 4442 of 10502

Cantor spreadfair have messed up the Azerbaijan v Austria game. Currently the odds and prices are inverted for some reason. Azer are the red hot favourites. You may want to take up some of that. Don't know if they will void or dispute it as it is supposed to be an exchange but definately wrong for sure.

bakko - 07 Sep 2005 10:46 - 4443 of 10502

Scrip, You were brave to back Fed at 2 break pts down. Good call!

Re, the massive volumes, there was a guy a couple of weeks back on the forum bragging about his ability to make loads of dosh on a regular basis by backing Fed at low odds with 40K. Looks like he was around. I'm sure the colour of his underwear changed a few times last night!

bigbobjoylove - 07 Sep 2005 11:44 - 4444 of 10502

alot of dangers risking 40000 if there's an injury/retirement.

Fundamentalist - 07 Sep 2005 14:17 - 4445 of 10502

Scrip

if youre about could you drop me a quick call - have left a message on your answer machine

Fundamentalist - 07 Sep 2005 17:19 - 4446 of 10502

Scrip

ignore earlier message - all sorted now - will try and get in touch re betangel later in the week or early next.

Anyone trading the football today? Norway, Sweden, Spain and Italy all appeal to me as back to lay bets. 2.24 about France in Ireland looks way overpriced to me too

Currently watching the Austria game - they have made 7 changes to the team that lost to Poland, arent playing well yet their odds have shortened since kick off.


Scripophilist - 07 Sep 2005 17:55 - 4447 of 10502

Hi, Sorry been running around all afternoon and only just picked up the message. Glad you are sorted. I haven't used it for ages.

Just going to have a look at the football.

WOODIE - 07 Sep 2005 18:30 - 4448 of 10502

trying to get 8/11 on betfair for spain this is the only one i feel confident with looked at france they can not afford to lose have not bet on this match as it is to close to call .

Scripophilist - 07 Sep 2005 18:49 - 4449 of 10502

Ok, Best bet for me, Lay england!

If you can get 1.21 after five minutes the price should have drifted to 1.22, 1.23 after 8 minutes or so.

The draw will crossover the England win around 65-70 mins. If a draw the price on NI will come in slightly till 55 mins then fall away in a steady fashion.

Fundamentalist - 07 Sep 2005 18:58 - 4450 of 10502

Scrip

Have to say im looking to bet large on England - NI are awful - were not great but far too good for NI

Fundamentalist - 07 Sep 2005 19:02 - 4451 of 10502

Well missed the first half of Norway and Italy - glad i missed Norway and Italy going 1-0 down would have been uncomfortable

Fundamentalist - 07 Sep 2005 19:04 - 4452 of 10502

For anyone with sky - the scotland game is currently on 941

Ireland v France 401, Poland v Wales 402 and the England game on the good old beeb

bakko - 07 Sep 2005 19:19 - 4453 of 10502

Just got in to find Italy 3-1 up at half time so greened up but unfortunately for me, Scotland 2-0 up! Not to worry cos the Italy game will more than cover Scotland loss but will try to reduce this.

For Eng, not sure what to do yet. Tempting to lay initially and back at better odds as Eng rarely have decent starts.

Scripophilist - 07 Sep 2005 19:20 - 4454 of 10502

I think Scotland are value at the moment as they are playing well as a team and their prior form is not a valid indicator at the moment.

Scripophilist - 07 Sep 2005 19:21 - 4455 of 10502

"im looking to bet large on England"

I wouldn't oppose England but just looking for some free money which I can use to back them with!

Scripophilist - 07 Sep 2005 19:22 - 4456 of 10502

In at 1.20, You can all laugh if England score early! Will put some money on England once the first bit completes.

Fundamentalist - 07 Sep 2005 19:25 - 4457 of 10502

Scrip

have nicked 10 points out of the scots, tempted to put in a little lay now below 1.1 - 2-0 up with 25 mins to go but Norway have got all the ball and territory

agree England may take a while to break NI down but it will happen

Scripophilist - 07 Sep 2005 19:27 - 4458 of 10502

A lay is tempting at 1.10, Norway can't afford to lose.

Scripophilist - 07 Sep 2005 19:27 - 4459 of 10502

Incidentally if I had to price England it would be 1.21 so that should give you some idea of the value in the market.

Scripophilist - 07 Sep 2005 19:28 - 4460 of 10502

Lots of money coming for England too much at this stage IMO.
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