Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

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


bakko - 30 Nov 2005 21:16 - 6381 of 10502

Thanks Steve,

I'll give it a wide berth. I don't fancy getting sucked in to get hanged!

I'm just waiting for something decent to show up on some of the footy games. Not too bothered if nothing shows up as banked a really nice profit tonight on a Dow sell spreadbet that I had on from last week.

Fundamentalist - 30 Nov 2005 21:26 - 6382 of 10502

Bak

it looks like it falls into the "too good to be true category" but ive got a small lay on redknapp.

watching a little of wigan reserves vs newcastle - looks like not too long till we'll be discussing the next newcastle manager market

Aristo - 30 Nov 2005 21:26 - 6383 of 10502

Just back in and glad to have not continued with hr trade, it all smells a bit as I can see! Or there is a killing to be had? I do not have the knowledge or experience to tell but I know there is more money to be had - frustrating! Will back off for the time being

bakko - 30 Nov 2005 21:29 - 6384 of 10502

Steve

Funny how you happened to mention Newcastle as just gone green by scalping the draw for over 20 ticks in under 3mins!

Aristo - 30 Nov 2005 21:30 - 6385 of 10502

Also forgot to press the green up button on Man U so am happy days!

Fundamentalist - 30 Nov 2005 21:30 - 6386 of 10502

Was just looking to see what price wigan were to qualify when the pen was given :-(

Fundamentalist - 30 Nov 2005 21:31 - 6387 of 10502

Nice one Aristo - if a little fortunate

Aristo - 30 Nov 2005 21:37 - 6388 of 10502

Thanks Fundy
Luck indeed took the profit earlier just from the drift back in, as a norm i tend to green out when able so no nasty surprises, most rare normally it comes back to bite me!

Fundamentalist - 30 Nov 2005 21:39 - 6389 of 10502

Warnock price coming back in and Redknapp drifting again - this is really being manipulated

bakko - 30 Nov 2005 21:44 - 6390 of 10502

Just taken a look at the price movements in the next ports man.... utter madness!

Its akin to an in play horserace!

Fundamentalist - 30 Nov 2005 21:44 - 6391 of 10502

Greatest ever thread on the betfair forum ? :

redknapp

i am gary glitter 30 Nov 21:41
plz tell me why harry is so short he should be 100/1 not 1/2

daveb 30 Nov 21:43
no , thats the odds on you getting out of vietnam by xmas!!



Aristo - 30 Nov 2005 21:46 - 6392 of 10502

Fundy
I know, have taken more money from this market than anything I've done before but now can't get a handle on it! Can't read it now, just settle for the money but its very tempting to go back for another bite! Having followed this thread you seem to have a good knowledge on the cricket, a market that I have tried but with limited success.

sealed - 30 Nov 2005 21:50 - 6393 of 10502

Arisito, don't wait 12hrs next time ;~). What a totally bonkers market :~) Made more on laying HR waiting for the Wigan game to start than i did on the game itself.

Fundamentalist - 30 Nov 2005 21:52 - 6394 of 10502

Aristo

Used to play cricket at all but the highest level and have always been an avid fan (and stats follower) hence trading it to me is quite natural.

Also, in test cricket prices move a bit slower than other sports and it is a lot easier to price up possible future scenarios and calculate the risk/reward of any trade. As for 1 day cricket, the market tends to overshoot more than any other market imo, you often see sides at 1.2 or less after 20 overs (or 20% of the whole game)

Tonight could be very interesting as the Draw price (which is where i always start at when looking to trade a test match) could either be heavy odds on tonight or out of the market completely. Planning on making it up for the start at 5am - subject to me not turning the alarm off and rolling over as i did this morning!!!

Fundamentalist - 30 Nov 2005 21:53 - 6395 of 10502

Warnock price from 5.5 to 3.5 in a matter of minutes :-)

Rednkapp odds against by the morning?

Fundamentalist - 30 Nov 2005 21:59 - 6396 of 10502

Bugz

looks like you got lucky with the Blackburn game

Aristo - 30 Nov 2005 22:00 - 6397 of 10502

Sealed
Bonkers is an understatement! But what a great trading day its been, still tempted but logic says walk away, unreal!

Aristo - 30 Nov 2005 22:09 - 6398 of 10502

Fundy
Thanks for the reply, obviously an inside knowledge of the game is an advantage and you do seem to have the edge. Good luck with your trade in the morning

Fundamentalist - 01 Dec 2005 05:16 - 6399 of 10502

Morning all

just about managed to obey the alarm this morning (be glad when this test ends and i can get my sleep pattern back!)

Draw price heading south from ball1 this morning, England desperate for wickets. Inzy not padded up so doesnt look like he'll be next in

Nice to see the mayhem on the Pompey mgr continued overnight currently big green McLeish and Burley, small green Warnock small red the rest

WOODIE - 01 Dec 2005 06:32 - 6400 of 10502

morning fundy the papers this morning saying talks have hit a hitch with warnock wanting to much money and a big bonus if he keeps them up! could be from yesterday afternoon why there was a big swing people in the know.
Register now or login to post to this thread.