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Thread: Is It Easy To Make Money On Betfair?

  1. #1

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    Is It Easy To Make Money On Betfair?

    Since the Betfair betting exchange arrived on the scene over a decade ago, it has grown year on year. At first the bookmakers tried to have this type of site closed down, when they failed in that, they then tried to get the government at the time to tax them out of existence. Of course that failed as well, and now betting exchanges are now part of the normal fabric of the betting market. It is not that long ago that the bookmakers embraced them, and now pour a lot of money into them. It is not unusual to see a race at 9:30pm at Wolverhampton on a Saturday turning over more than half a million.

    Using Betfair is easy, and for those who have not tried it, then you are losing out on many prices that are better than SP, and in a lot of cases, even favourites can go off at prices showing a decent margin over SP. The only horses that fail to beat SP are usually those which are heavily odds on. Unlike the bookmakers, there are many ways to make money on Betfair due to the better odds. The most obvious is by doing win bets, but you can also lay horses to lose. Most people believe that finding a loser is easy, but when looking to profit from them, it is actually much harder. This is because lay betting must include the overbet, which is basically the difference between SP and the exchange odds.

    Although professional gamblers will use a set of rules when selecting something to bet on, whether that be a horse or a football team, and use them to help make a decision.
    This is method betting in a systematic way, and so is basically a flexible system. When first looking to profit from betting, though, it is always a good idea to stick firmly to a set of rules. By doing this, it is easy to see where you are going wrong as you should be writing down every bet you do. This should include going, track, distance and race type, as well as the odds, and whether or not it won.

    By doing this, after a few hundred bets, whether you have shown a profit or not, it is time to analyze the data. This may show that the system is useless when the ground is soft, and even worse for sprints. So, by excluding the really bad trends, you should be left with a decent one. This may show a profit, or if not, refine it some more. Most people tend to give up on systems too quickly looking for quick profits, rather than being in it for the long term and doing the research.

    Below is a free horse racing system that profits over the long term when using Betfair. This is just something simple, many people tend to overcomplicate things. There are thousands of potential profitable systems that are based on only a few rules.

    Rules:

    AW Only
    Tracks Southwell or Lingfield Only
    Must be likely favourite
    Distance 6f or less
    Handicap Only

    Results:

    2010 +14 - 26% SR
    2011 +3 – 29% SR
    2012 +30 – 32% SR
    2013 +36 – 36% SR
    2014 +19 – 35% SR

    Number of expected bets is 170-210 per year.

    Of course you can also do trading on a betting exchange, and it is essential to use a tool that has an option so you are not using real money, such as Betangel Pro. As mentioned earlier with systems, people tend to jump from one thing to another with this kind of software, rather than keeping to something specific and making small adjustments until it becomes profitable.

    Figuring out how to make money on Betfair is quite easy to be honest, you just need to put the work in and be patient.

    http://www.win2win.co.uk/is-it-easy-...ey-on-betfair/ | betangel, Betfair, Make Money On Betfair



  2. #2

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    Is that right that if u bet for a place on BF in an eight runner race & there is a non-runner they still pay out on the 3rd?

    What happens if like today there were 2 NR's & the odds on fav came third, do they pay out on that?

    But thanks for the above...

    PS: GS can now be followed on Twitter as @themastarata


  3. #3

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    If you have 8 runners, and 4 non-runners, which has happened, they pay on the first 3

    You can get some good place prices in small field races.

    FREE Live Odds Comparison Software

    Keith Driscoll - Administrator
    Managing Director, Win2Win Limited



    Filipino UK Filipino Forum | Win2Win Racing - Free Tips


  4. #4

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    I got sent a free system today 31% SR & similar number of runners a year than the above:

    BET THE FAV:

    Selection Process

    In the Favorites2Win system we will only be selecting favourites to win. The
    selection process is very quick and effective. We suggest that you bet as close to the
    off as possible in order to make sure that you are betting on the favourite.

    Alternatively, you can use a betting bot to place your bets for you on Betfair.

    As we are betting favourites, the bulk of our selection process is based on finding the
    races in which they make us the most profit.

    Selecting The Race

    Going – We DO NOT BET if the official going is Heavy, Slow or Firm.
    Race Classifications – We only bet in races that are Apprentice, Amateur and
    Hunters Chase.
    Class – We only bet in classes 4, 5 and 6.

    Selecting The Horse

    LTO Finish Position – We DO NOT BET horses that won in their last race.
    Weight Rank – We DO NOT BET horses that are the top ranked weight in the race.

    Favourites – We only bet the horse that is favourite in the race.

    That’s all there is to it!

    A FREE copy of the "Favourites 2 Win" System is now available at the link below.

    http://www.winninginformationnetwork...urites2Win.pdf

    Use Details Below To Unlock Document
    User - free

    Password - winning

    PS: GS can now be followed on Twitter as @themastarata


  5. #5

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    There are plenty of free systems on the internet available these days. The majority of them are crap, but if they worked in the past then they may only need an additional rule to work again. Most people just can't be bothered doing the research though.

    FREE Live Odds Comparison Software

    Keith Driscoll - Administrator
    Managing Director, Win2Win Limited



    Filipino UK Filipino Forum | Win2Win Racing - Free Tips


  6. #6

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    Quote Originally Posted by Win2Win View Post
    Most people just can't be bothered doing the research though.
    My problem is TIME, or, staying focused enough to put it all into practice. I think horses is a retired persons game n I can't wait, just another 20 years So easily distracted, lately been been looking at currencies & was reading a few of your links on the tips page?

    I notice Nick Mordin seems to have quit his website & hence the no new posts on that thread, I'd be a lot happier if I thought Dave Edwards was doing a good job at the Racing Post.

    PS: GS can now be followed on Twitter as @themastarata


  7. #7

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    Not enough hours in the day for me, I could do with an extra 24

    FREE Live Odds Comparison Software

    Keith Driscoll - Administrator
    Managing Director, Win2Win Limited



    Filipino UK Filipino Forum | Win2Win Racing - Free Tips


  8. #8

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    Here's an interesting little concept ?


    PS: GS can now be followed on Twitter as @themastarata


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