Many people want to know how to make money on Betfair, but there is no simple answer. This is because so many ways exist. You can do normal win betting, but you can also lay horses to lose as well. Win2Win Racing membership offers both of these methods, and they have proven profitable over the long term.
I mention the words ‘long term’ as they are very important when it comes to gambling. Unless you gamble in a stupid way, you will only make profits slowly, especially when starting off as your bank will be low. When it comes to laying, it is normal to only make around 3% profit in the £1. So if your stakes are £2, then after 50 bets and £100 staked, your profit should be around £3. That does not seem much, but that is the way it works in the real world. This profit is referred to as return on investment, and in this example would be 3% ROI.
When it comes to win betting, the ROI% is usually higher, this is because with win bets you get better value for money. Having a system with a 20% ROI is not unknown, but usually they will be between 3% – 10%. What these examples show you is that against popular belief, it is actually easier to profit from win bets, than lay ones.
Another way to profit on Betfair is to back or lay in the place markets. These markets have no relation to bookmaker EW prices, so do not waste time trying to compare them. One thing to note with these markets is that non runners do not change the pay out. Unlike a normal bookmaker who will reduce the pay outs to 2 horses, if a race goes from 9 runners to 7 runners (2 non runners), Betfair will still pay the top 3. There have been instances when a race has cut up to 4 runners, and Betfair still paid on the first 3 home. Although the prices will reflect this, you can still gain an advantage.
Some people will profit on Betfair by trading the prices. That is, back a horse at say 2.2, and then lay it at 2.18. This then gives a 0.02 profit. Most traders will profit before the race starts, and then move onto the next race, regardless of who wins or loses. Some people can trade, some can’t. It takes a lot of patience, and trial and error. Finding a trigger to exit the market, is just as important as getting in. Most people fail at trading as they do not get out the market early enough.
It is also possible to profit on Betfair by trading in-running. Sometimes people will look for a horse that will likely shorten in running. This is often the case with front runners from 1 mile up. Again, people fail at this by not exiting early when the market goes against them. The best advantage that an in-running gambler can have is being on the track. This gives between a 2-4 second advantage over those watching on TV. This may not sound like much, but it equates to a few lengths.
Betfair offers many markets in which to gamble and trade on. A popular bet is trading on the Under 2.5 Goals markets in games expected to be low scoring. A 10 point offset with greening is usually the way to go, and it is better if it is televised.
If you want to start profiting on Betfair then join Win2Win Racings membership. If you are looking to try trading on horse racing, then the best software around is Betangel. I profit from all of the above techniques.