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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


Scripophilist - 01 Oct 2005 07:58 - 4961 of 10502

"Scrip - Just tried to download the raw avi file from ba pro, but get 'page not found' "

I made an error on the initial upload which was corrected quickly. I hope that's the last time I am compared to Adam!

Dil - 01 Oct 2005 10:13 - 4962 of 10502

Be careful this afternoon guys , betfairs record of going down on Saturdays is becoming a bit worrying.

I've missed most of the outages due to my misfortune of having to watch Ebbooo ... off to Maesteg to see them today so be lucky guys ... and Helen.

Scrip .. I'll be in touch next week sometime , cheers.

Scripophilist - 01 Oct 2005 10:30 - 4963 of 10502

I'm not around again today but teams that are mis priced this morning are Newcastle, too much, Man Utd, too little, and Middlesborough too little.

WOODIE - 01 Oct 2005 10:44 - 4964 of 10502

another point to check apart from what dil said is if playing the football make sure it is in play as the last couple of sats only a few have been turned in play but only in the second half, beware if you leave an open position be lucky all

HelenW - 01 Oct 2005 10:58 - 4965 of 10502

Might have a go this avo as Mr Helen is working most of the day. Obviously very small stakes just to see if I've got the hang of it.

chocolat - 01 Oct 2005 11:02 - 4966 of 10502

Hope it's a good one Helen!

HelenW - 01 Oct 2005 11:06 - 4967 of 10502

Thanks Choccie. I actually feel far more nervous about a 2 betfair position than I would on a 10pp share position! Only doing it for the crac, as the Irish would say :0)

sealed - 01 Oct 2005 11:15 - 4968 of 10502

Re: post 4961
LOL!
Thanks Scrip.
Out of curiosity (read me being nosy) I downloaded his videos. I dont think anyone who has been on your course would learn anything new about how to scalp the horse racing market. But what I found fascinating, was the insight the videos gave into the life of a fulltime betfair trader.

There are some hilarious moments when hes waiting for something to happen in the market and when his trades go pear shaped. His videos are best not watched if there are children present or your not a fan of karaoke lol. Hence the earlier Adam impersonation quip

Fundamentalist - 01 Oct 2005 14:34 - 4969 of 10502

Some nice arbs available at Longchamp where the horse goes off a longer price on the PMU compared to the lay price on betfair

WOODIE - 01 Oct 2005 14:48 - 4970 of 10502

fundy it must be christmas no probs with betfair so far today fingers crossed

Fundamentalist - 01 Oct 2005 15:12 - 4971 of 10502

Went very slow from about 2.50 at my end - just about ok now but still wary

Scrip: "I'm not around again today but teams that are mis priced this morning are Man Utd, too little" - very good call

Fundamentalist - 01 Oct 2005 15:12 - 4972 of 10502

lol Man Utd are still favourites at 1-0 down

Harlosh - 01 Oct 2005 15:20 - 4973 of 10502

Well well. Just too late.

WOODIE - 01 Oct 2005 15:25 - 4974 of 10502

greed did not pay this time was waiting for 3.25

Fundamentalist - 01 Oct 2005 15:26 - 4975 of 10502

turnover for a couple of horse races and theyre 2-1 up lol

Harlosh - 01 Oct 2005 15:30 - 4976 of 10502

Neh! 2-2 Steve.

WOODIE - 01 Oct 2005 15:40 - 4977 of 10502

cant keep up you need 4 tvs and a radio on sats these days

Fundamentalist - 01 Oct 2005 15:42 - 4978 of 10502

Given the footie a miss and focussing on the horses - only prob is i still need 3 sides on the tv lol

Fundamentalist - 01 Oct 2005 15:46 - 4979 of 10502

3-2 now lol

ptholden - 01 Oct 2005 16:37 - 4980 of 10502

afternoon all, just abck from golf, so looking for an entry somewhere. Leaving the horses till next week, having had a few strange mishaps with the Pro software yesterday (all my own fault) which I recovered ok. But a little more video watching reqd.

pth
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