Betfair Trading: A Beginner’s Guide
The Free Bet Advice beginner’s guide to profiting from the betting exchanges……
The arrival of the betting exchanges back in 2000 has completely transformed the world of online sports betting, bringing not only competition to the traditional bookmakers but also a world of exciting opportunity for the betting exchange trader.
Betting on the Betting Exchanges
For the traditional punter, Betfair and Betdaq offer a potentially more lucrative and stress free betting environment. There’s no longer any chance of having your account closed if you start winning too much. The bets you place are guaranteed, with no possibility of bets being refused or payouts withheld.
There’s also a difference in the punter’s bottom line – price. The exchanges bring competitive markets which in turn mean that quite often the punter can get better odds when backing to win on the exchanges than he can with a bookmaker, particularly in the horse racing markets.
In addition to being able to back a selection to win, the punter can now do completely the opposite and bet that it won’t win: this is known as laying it to lose.
Instead of putting down a stake and receiving a payout if the selection wins, a punter can now accept a stake and gets to keep the stake if the selection loses, paying out if it wins. Great news for those of us who can never seem to pick a winner!
However there is another way to use the betting exchanges which enables you to GUARANTEE A PROFIT regardless of whether your bet wins or loses.
Trading on the Betting Exchanges
What many people do not realise is that Betfair is not a bookmaker; it is a marketplace and is more similar to a stock exchange than a bookmaker.
A stock exchange provides a facility for people to buy and sell shares in a company at an agreed price. Betfair provides a facility for people to buy and sell bets at an agreed price.
Let me explain…..
Remember on the betting exchange you don’t bet against the exchange, you bet against other people.
All the liquidity in the exchange is provided by people just like you in various locations across the world. You don’t know who they are, they don’t know who you are. All you see is the money and the bid/ask (or back/lay) prices currently on offer.
- When you back a selection, you are selling your bet to a layer.
- Similarly, when you lay a selection, you are buying a bet from a backer.
On the betting exchange, just as on the stock exchange, market forces are at work and supply and demand means that prices are subject to change. If there are more people wanting to buy than to sell, the price will rise – and if there are more people wanting to sell than to buy, the price will fall.
With the facility for price movement, a share can be bought and sold on the stock exchange at different prices. This enables a stock market trader to guarantee a profit regardless of the performance of the underlying company whose shares are being traded.
Likewise, a bet can be bought and sold at different prices on a betting exchange. This enables the betting exchange trader to guarantee a profit regardless of the outcome of the underlying event.
So by trading rather than betting, you can achieve a position where you’re GUARANTEED to make a profit whatever the result of an event, before it’s even started!
Here’s what you’ll need to get started …
A Betfair Account
Open a new account with Betfair and you will get £30 free to start your trading bank. This offer can still be used even if you already have an account.
Click Here For £30 FREE From Betfair
Bet Angel is the leading provider of trading software for Betfair. This superb Betfair & Betdaq advanced trading toolkit will significantly improve your chances of successfully trading the betting exchanges – and the even better news is that if you follow the link below, you can try it for FREE!
Click Here For a FREE 7 Day Trial Of Bet Angel Professional
Make no mistake – betting exchange trading is an exciting and potentially extremely lucrative way to make regular, guaranteed profits on your favourite sports.
Many people trade professionally and can make huge incomes of over £100,000 per year. The secret to becoming a profitable betting exchange trader is to have the right tools (such as Bet Angel) and to practise, practise and practise some more until you can read the markets.
With such massive potential earnings, it’s well worth taking the time to learn how to trade the sports markets. Start small and remember practise makes perfect. The professionals don’t have anything you don’t have, they’ve just put the time in to learning how to do it well. So why not get yourself a Betfair account, take the Bet Angel Free Trial and give it a go. If they can do it, then so can you!