Trading Software for Betfair

The number of people working from home continues to grow at breakneck speed and one of the biggest areas of growth in the UK is Online Trading, both in sports and various other markets.

There are many advantages of setting up and running a sports trading operation from your home. Firstly overheads are kept to a minimum, there is no demand for expensive office accommodation or pricey staff, and there is no demand to purchase stock. Second of all, all profits are entirely tax free in the UK. Yes, you read that right, nothing to pay to the taxman regardless of how much profit you make.

The markets that you can trade from home are far too numerous to point out here, but are not confined entirely to sports. Politics, stock markets, even reality TV show outcomes are avidly followed by the expanding army of online traders.

So what is the difference between online trading and gambling? Simple, in gambling you back a horse or a team in the hope that it wins. In online trading you buy odds due to the fact that you believe they are good value, then you could sell it to someone else for even more money if you wish, thus locking in an assured profit regardless of the outcome of the race or event or whatever it is. Conversely if you think a bet to be overvalued you can sell it initially, with the concept of buying it back at less money later on to make your profit. This operation was totally impossible with a traditional bookmaker prior to the invention of betting exchanges.

So just what is the distinction between trading the Dow Jones closing rate on the stock market, to trading the same thing on a betting exchange? In my view, definitely nothing at all, except of course the absurd advantage I previously pointed out that all your revenues on the betting exchanges are not taxed. Little wonder then that businesses and serious money have actually been pouring into the betting exchanges in the past couple of years.

They also offer a hedging vehicle to balance existing trading in more conventional markets and here too the influx of business has been heavy and sustained.

Already there are plenty of books and courses offered supposedly to tell you the best ways to efficiently trade these exchanges. Similar to all books and guides, some are great and quickly become bibles, while others need leaving in the nearby public ease post haste. However I would recommend Betangel Pro for learning the ropes, as this software comes complete with a training mode that means you can trade without risking real cash.

All this interest in online trading has brought a significant rise in liquidity that makes it a lot simpler to trade. On one exchange alone during a current cricket match in excess of forty million pounds was matched, that’s about seventy million dollars. On one game! That’s a stat that is bound to make anyone think seriously about online trading.

Betting exchanges are acquiring credence and influence all the time and with each month that passes an additional nation legalises the entire operation, and it would appear that it is just a matter of time before the betting exchanges are totally legalised and accepted worldwide. The exponential growth in this sector is sure to continue, governmental interference being the only feasible challenge to their onward worldwide popularity. Little wonder then that this is among the largest growth sectors for new start-up businesses, a fact that is bound to attract even higher interest as it continues to grow.If you are considering beginning a brand-new online business from your home, and if you have a talent for mathematics, you could possibly do a lot worse than have a look at the whole business of online trading on the betting exchanges.

Betting exchange trading can be hard to get your head around at first, but you have it figured out profits can come quickly. However do not believe this is risk free as most other sites will tell you, it carries risk but these are usually due to human error. Get rid of those errors, put in a few weeks/months training, and you can be made for life.

I use Betangel Pro on a daily basis not just for trading but also normal betting and would be lost without it.

BET ANGEL PRO DETAILS

Trading Software for Betfair

 

 

The History of the Betfair Betting Exchange

Founded in the year 2000, Betfair has become the world’s biggest betting exchange. In the early days people were a bit wary of it having only had bookmakers to back with for decades, but they soon got the hang of the idea, and with the option to lay horses it quickly became a big hit. Professional gamblers quickly discovered its potential as it offered better odds than the bookmakers even with a 5% commission rate.

Betfair now exists in a number of countries, some of them, like Australia, after a long legal battle, and the spread of this betting exchange continues to this day with the likely hood of a license being granted in California in 2013. Some countries, like the USA currently ban Betfair outright, but most others allow access.

At the end of 2006 Betfair purchased Timeform, a well known ratings service, and now offers most of this information freely via its betting site. Not long after that they launched a radio service.

2009 Became a moment in history for the exchange when the New York Racing Association granted them a license to bet on all the areas race meetings, although Betfair allow bets on all US racing, the agreement with the NYRA means both parties benefit. In 2012 a similar agreement was made the Hollywood Park Racetrack in California. These agreements only allow Betfair to bet on these tracks, not to allow US punters in those areas to bet online.

Floated on the Stock Exchange on 22 October 2010 at a share price of £13, the company was valued at £1.4 billion! Not bad for a company that turned over just under £400 million in 2011, with around £23 million profits. Year on year profits are increasing especially as they are now based in Gibraltar, although they still work from the London office!

Betfair no runs an online casino, an arcade, it covers the majority of sports found around the planet, runs poker rooms, including live poker, has Betfair TV, a forum, blog, as well as running the Tradefair site for financial trading.

These days all the bookmakers use the exchanges, you won’t see a professional gambler without an account, and traders on the betting exchange account for a lot of the turnover, even though the top end can get charged 60% of profits, but then without the exchange the trader’s profits would be 0%.

How To Make Profits on Betfair?

All punters would like to make a profit from gambling, and with the betting exchanges now a part of the normal betting world it is essential to have an account with at least one of them, the main one being Betfair.

A simple way of showing the profit potential of Betfair is to compare a horse racing system that breaks even or shows a small loss using bookmaker SP, but using BSP (Betfair Starting Price) it shows a profit. You can clearly see this in the example below from real results during 2011.

Year

Runners

Win

SR

P/L BF

ROI BF

P/L  SP

ROI  SP

2011

1187

482

40.61

39.25

3.31

-14.72

-1.24

You can see this system would show a profit of £39.25 in 2011 (5% deductions included), while using a normal bookmaker you would have shown a loss of £14.72, ouch!!  The difference is a whopping £55, and this is just to £1 stakes. This is why using Betfair is a MUST.

 

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One thing that using Betfair means is that some systems that worked way back in the 90’s but stopped due to overuse may now again be profitable, so it may be worth searching the internet for old free systems and checking them on the likes of Raceform, Proform or Horseracebase to see if they are now profitable. Some stats sites don’t have BSP so just add 10% to SP as you should average 8%-12% better than SP on Betfair.

If you are already using a profitable system backing at SP then you are losing profits by not backing the horses on the betting exchanges.

Another way of profiting on Betfair is to LAY horses, that is backing the horse not to win. It’s easy to find a losing horse but it is actually more difficult to profit from laying than it is compared to win betting. This is because the lay bet has to include the overbet, that’s the 8%-12% bonus win backers get.

One line of ‘gambling’ the betting exchanged opened up is trading. This basically means buying and selling the actual Betfair prices to lock in a profit. This is usually done before the race is off, so you may back a horse at 4.0 in the belief the price will drop, and then lay at 3.8 for the same stake which producse a profit on that horse. You can then do what we call ‘greening up’ which splits that profit between all runners so no matter what wins you profit. Simple and easy money? Not quite, many people fail by not bailing out when the price movement goes against you, it is controlling the bailout that usually determines whether you make long term profits or not.

One good thing with trading is that you can use high stakes with little risk. A £100 stakes may only risk less than 5% of it at anyone time, especially if you are only dealing with 1 or 2 ticks.

One further form of profiting on Betfair is to use Back to Lay (Lay to Back is best ignored when starting out). You find a horse that always runs well in a race and expect the price to drop in-running, so you back the horse before the race and lay it in-running, greening up to lock in a profit on all runners. However this is more risky, if the horse falls before you bail out then you lose 100% of the stake, but you do make more profit than just trading the odd tick before the race.

So as you can see, having a Betfair is essential, not only for better odds but also to give you many more options on the types of bets you can do.

 

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