Since the Betfair betting exchange became available over a decade ago, it has grown each and every year. At the beginning the bookmakers tried to have this kind of web site closed down, when they failed in that, they then tried to get the government at that time to tax them out of existence. Naturally that failed as well, and now betting exchanges are now part of the common fabric of the betting industry. It isn’t all that long ago that the bookmakers embraced them, and now put a lot of cash into them. It’s not uncommon to see a horse race at 9: 30pm at Wolverhampton on a Tuesday turning over over half a million.
Making use of Betfair is simple, and for anyone who has not tried it, then you definitely are losing out on numerous prices which are a lot better than SP, and in a great deal of cases, favourites can go off at odds showing a fair margin above Starting Price. The only race horses which fail to beat Starting Price usually are those that are heavily odds on. As opposed to the bookies, there are lots of different ways to make money on Betfair because of the much better odds. By far the most obvious is by doing win bets, though you can also lay race horses to not win. Plenty of people assume that selecting a loser is simple, but when trying to make money from them, it happens to be substantially more difficult. Simply because lay betting needs to include the overbet, and that is simply the difference between Starting Price and the exchange odds.
Despite the fact that professional gamblers use a collection of rules whenever deciding on something to gamble on, whether or not that be a horse or perhaps a soccer team, and rely on them to help make a choice. This is method betting in a systematic way, and thus is simply a flexible system. When first seeking to profit from betting, though, it is usually best if you 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 might demonstrate that the strategy is worthless if the ground is good-soft, and even worse for staying races. So , simply by eliminating the truly negative trends, you ought to be left with a decent one. This might demonstrate a profit, or if not, refine it even more. Many people are inclined to give up on systems too soon trying to find fast profits, instead of being in it for the long term and carrying out analysis.
Down below is a free horse racing system which profits over the long run when utilizing Betfair. This really is just something basic, lots of people usually overcomplicate things. There are thousands of potential profitable systems that are based on only a few rules.
Rules:
AW Only
Must be likely favourite
Distance 6f or less
Handicap Only
Tracks Southwell or Lingfield 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 stated previously with systems, individuals are inclined to leap from one thing to another with this particular type of software program, instead of sticking to something specific and doing minor modifications until it finally gets to be profitable.
Working out how to make money on Betfair is fairly straightforward to be honest, you simply need to put the work in and stay patient.