Sports Trading in 2022: Detailed Guide

Harry is going to teach us how to do sports trading at the Betfair exchange

All about Betfair Trading in 2022.

Assimilate knowledge about:

  • Trading, its types and strategies
  • How to trade to make a profit?
  • The best trading software
  • And how to become a good trader!

Let’s get started!

Harry TheTrader 19 minutes

Understanding what makes trading on the Betfair markets successful is no easy task as the level of sophistication of the sports exchange is high, especially for those taking their first steps in this arena.

In other words, how you make money on Betfair is vastly different from how you make money on a traditional bookmaker site.

However, the Betfair community grows every year, and there’s a good reason for this.

So, let’s find out what trading strategies and types there are, what is hedging and dutching, how to become a successful trader, and what software can help us become more profitable.

Chapter 1

Sports Trading Basics

Sports Trading Basics

The following chapter will answer your questions:

  • What is sports trading?
  • How does it differ from traditional betting?
  • What are the strategies in different sports?

Enjoy reading!

Let’s start with the basics – what is sports trading?

Sports trading is the activity of trading and exchanging odds and bets on a sports exchange. It involves making a profit before the match/race starts by backing high and laying low. We can compare sports trading to trading in the cryptocurrency market.

It also involves an exchange between one member and another. The difference is that we do not exchange cryptocurrencies but bets and odds. 

Just as with cryptocurrencies, we have a lot of sports trading platforms available. There are many sports exchanges such as Betfair, Smarkets, Betdaq, and Matchbook – these are the best betting exchanges in UK from which you should choose the best one for you.

However, there are several ways to make money on the site, making it a highly attractive option. The one thing all profitable Betfair trading strategies have in common is expertly evaluating the offered odds – judging whether they’re too high or too low.

This is the secret of making money on Betfair – you need to know whether the odds are too high or too low compared to the real probability. If you evaluate them correctly, you can make decent money by placing the right bets (BACK – it will happen or LAY – it won’t happen) and at the right time selling them in the opposite direction.

Okay, sports trading consists of Back bets and Lay bets, but what are they?

Well, at a traditional bookmaker placing a bet on an event, we can compare it to placing a back bet on a sports market. So, for example, if we choose an over 2.5 goals bets in a match at a traditional bookmaker, it is equivalent to placing a back bet over 2.5 goals on a betting exchange.

At the same time, the bookmaker who accepts our bet on over 2.5 goals is betting with us that such a result will not occur. This means that the bookmaker is placing an opposite bet, so we can compare this to a Lay bet on the sports exchange.

To make it easier, we will present it as a table.

Our bet at the bookieOur bet on the exchangeWhen we are winningWhen we are loosing
Over 2.5Back over 2.53+ goalsLess than 3 goals
Over 2.5Lay under 2.53+ goalsLess than 3 goals
Under 2.5Back over 2.5Less than 3 goals3+ goals
Under 2.5Lay under 2.5Less than 3 goals3+ goals

As you can see, a bet on over 2.5 goals can be placed on the exchange in two ways – by placing a back bet on over 2.5 goals or a lay bet on under 2.5 goals. The same works the other way – a bet on under 2.5 goals can be placed on the exchange through a back bet on under 2.5 goals and a lay bet on under 2.5 goals.

What does it look like when betting on the 1X2 market?

Our bet at the bookieOur bet on the exchangeWhen we are winningWhen we are loosing
Home winBack HomeIf the home team winsIf the home team doesn’t win – X2
Away winBack HomeIf the away team winsIf the away team doesn’t win 1X
DrawBack the drawIf the match ends in a drawMatch is won by any team
1XLay awayIf the home team wins or draws.If the away team wins
2XLay homeIf the away team wins or draws.If the home team wins
Home or Away – 12Lay the drawIf the home team or away team wins.If the match ends in a draw

Chapter 2

How Does Sports Trading Work?

How Does Sports Trading Work?

In the following section, you will learn:

  • How does sports trading work?
  • How does it differ from traditional betting?
  • How much can you earn from sports trading?

Let’s take a peek!

Sports trading involves using the odds to your advantage. The idea is to place a back bet at the highest possible odds and place an opposite bet (a lay bet) at the lowest possible odds.

Arsenal Back and Lay odds on Betfair Exchange

In this way, thanks to proper analysis and odds movements, we will be able to make a profit regardless of the final outcome of the match or race.

Arsenal vs Leicester odds on Betfair Exchange

Legend:

  1. RED – The best current odds and amount of money for back bets and lay bets.
  2. YELLOW – Recent odds and amount of money matched. 
  3. BLUE – The next best odds and the amount of money waiting to be matched.

It is essential to correctly calculate the amount of the stakes or use a calculator that will show us the amount to Lay, depending on the odds. It will also show us how much money we need to outlay on the bet and how much profit we will make.

Difference between trading and betting

What differentiates sports betting from regular gambling (i.e. betting at a traditional bookmaker) is the ability to trade odds.

So what does this give us?

By learning the systems showcased on our website, you will be able to trade odds on Betfair in such a way that regardless of the final result, you will still be making money.

If we want to do sports trading on Betfair, not betting, we have to close the markets at a profit or loss at a specific, predetermined time. Before we start trading, we stipulate that we will close the market if the profit reaches X euros. The same stipulation must also be made for a potential loss, which you have to accept.

Trading on Betfair reveals a great deal of useful information, and if you’re shrewd, this will benefit you. Good traders are distinguished by the fact that they accept a smaller but sure profit and sometimes accept a minor loss instead of tempting fate and waiting to see what happens.

After all, sports betting or trading is about taking advantage of the odds displayed.

Alert Blue icon

By the way, in this article you can learn more about the differences between traditional bookmaker and betting exchange

How much can you make from sports trading?

As we all know very well, nothing comes for free in life. You will make more profit if you can devote more time to it.

Simple as that.

Why should you spend more time on this?

Well, to analyse how the odds will behave and how to take advantage of it.

You know that the odds can fall or rise for days, or it can take as little as a dozen seconds.

Well, that’s how profit can be made in a given market – after a few days or seconds. But, of course, it all depends on how popular the market is or what information has become public that will strongly affect odds fluctuations.

To answer the question posed, novice traders who start with a budget of £100 can earn up to £40 daily.

However, professional sports traders earn at least several hundred pounds a day, depending on the offer and the availability of the analysed markets.

Football Trading Strategies

  • Laying The Draw (LTD) 
  • Laying Correct Score Markets
  • Laying Big Favourites or Underdogs
  • Laying Correct Score 0-0

Horse Trading Strategies

  • Scalping before the race starts
  • Laying the favourite
  • Laying front runners
  • Swing trading before the start

Tennis Trading Strategies

  • Backing the server
  • Laying the favourite
  • Scalping the server
  • Laying low prices

Cricket Trading Strategies

  • Laying the draw
  • Pre-Match trading
  • Pre-Match scalping

Golf Trading Strategies

  • Trading strokes
  • Trading the course

Greyhound Trading Strategies

  • Scalping
  • Back to Lay
  • Swing

Chapter 3

How to start profitable trading: Step-by-step guide for beginners

How to start profitable trading:  Step-by-step guide for beginners

Don’t make any mistakes while trading, and check how to do it properly!

In this section you will learn:

  • What should you do before you start trading?
  • How to start trading?
  • What to look for when choosing events?
  • How to proceed and execute your first trade?

Let’s go!

Everyone who dreams about trading on Betfair markets must be prepared for the fact that sports trading is different from well-known betting on bookmakers.

Sports trading is not about getting your bet correct and multiplying it by the odds to enjoy the winning trades or bets.

How to start sports trading infographic - Thetrader

The basic idea behind sports trading is to trade purchased odds in such a way that you make a profit regardless of the outcome.

So how do you do it?

Simply put – buy cheap, sell high!

You don’t need any trading course, just carefully read what we have prepared for you.

Create an account

Before we dive in, we need to create an account on the Betfair site. To do this, simply follow this link and go through the registration process, filling in your basic details.

Registration form on betfair

Find too high or too low odds

Finding too high or too low odds

To make money on Betfair, we need to effectively evaluate the odds and their relation to the probability of an event. In practice, this means identifying the odds that we think are too low and will go up or are too high and will go down. 

It is vital to choose the right sport – preferably the one in which we specialize – and have enough knowledge to predict the movement of the odds adequately.

Those who know about sports and can compare their knowledge with the odds offered may notice that the probability of some events to happen does not correspond to the odds offered.

Therefore we can expect them to go up or down.

When we find ourselves in such a situation where we have managed to find odds that are too high or too low, we are on the path to making money. We buy such odds!

Expect the odds to change

When we have found a market with undervalued or overvalued odds and taken it, we must wait for that price to change.

It can happen as a result of several factors: people will realize that the odds are wrong and start buying them, causing them to go up or down; something will happen during the match that will affect the odds – the coach will announce the line-up, a goal will be scored, someone gets a yellow or red card; these potential factors are extensive.

Therefore, it is important to follow the odds fluctuations as often as possible.

Our coupon at Betfair

Interestingly, you don’t have to wait for the odds to change on your own. Instead, you can use sites such as Oddsportal, through which you will receive an alert as soon as the odds reach the value you have entered.

The more time you spend on this, the greater the chances that you will be able to sell your bet and make the highest possible profit. In general, trading involves investing a considerable amount of time – it’s like a full-time job.

The odds have changed. We play the opposite bet!

When we have bought the odds, and they have changed in the direction we want, we have the opportunity to make some money, and this allows us to play the opposite bet.

To put it simply – if you have played BACK, you have to counter with a LAY bet at a lower price; if you have played LAY, you counter with a BACK bet at a higher price. That’s the whole secret for success in sports trading on the Betfair Exchange for beginners.

The bigger the difference between the initial odds and the odds at which you counter-bet, the bigger your profit is.

Congratulations!

In this way, you have just made your first greenbook bet!

Even taking into account commissions, this means that you have achieved a situation in which you can make a sure profit, no matter what happens or what the outcome is.

The idea of sports trading is to generate greenbooks and sure profits, not to risk money, hoping that our predictions will find their place in reality.

Successful Sports Trading Example From TheTrader

We considered the Mexican women’s soccer match Queretaro W – Mazatlan FC W. Analyzing the H2H between the teams AND the recent performances of the heavily favoured Queretaro team, whose odds for victory were 1.5, we concluded that a great bet would be a Lay on the home team.

H2H:

Check head to head stats - Sports trading example step 1

Last Home matches:

Check team's last matches - Sports trading example step 2

We could have placed a pre-match Lay Home bet at odds of 1.52, but we wanted to maximize profits and minimize losses, so we took a risk and waited to see how the match went.

Check how the match is going - Sports trading example step 3

The home team was winning 2-0 at halftime. At that point, the odds of a home victory were just 1.06, and we concluded that this was our best chance to place this bet if we expected the home team would not win this match.

So we placed a Lay bet on the home side at odds of 1.06 for £100. In this case, our liability, which is the amount taken from our account, is only £6, while the possible winnings are £100.

Place a lay bet based on your analysis - Sports trading example step 4

Our predictions turned out to be correct, and the risk of waiting paid off. After halftime, the visiting team scored two goals, and the match ended with a final score of 2-2. This way, we made £100 with a minimum investment of £6.

Lock your profit - Sports trading example step 5

Sports Trading Strategies

Are you ready to start your trading adventure?

Check out the profitable strategies we have prepared for you below, depending on the sport you intend to trade.

There is something for everyone, but remember to study them well before you start trading!

Football Trading Strategies

The most popular & profitable trading strategies for all football lovers:

  • Laying The Draw (LTD) 
  • Laying Correct Score Markets
  • Laying Big Favourites or Underdogs
  • Laying Correct Score 0-0

Horse Trading Strategies

The second set are the most popular and widely used horse racing strategies that can be used with just a dozen pounds in your bankroll:

  • Scalping before the race starts
  • Laying the favourite
  • Laying front runners
  • Swing trading before the start

Tennis Trading Strategies

For all tennis court enthusiasts, we have compiled the most advantageous strategies to use when placing Back bets and Lay bets:

  • Backing the server
  • Laying the favourite
  • Scalping the server
  • Laying low prices

Cricket Trading Strategies

Take a peek at what trading methods are most commonly used in cricket:

  • Laying the draw
  • Pre-Match trading
  • Pre-Match scalping

Golf Trading Strategies

Golf lovers will also find something for themselves! A look at trading techniques during a golf tournament:

  • Trading strokes
  • Trading the course

Greyhound Trading Strategies

Greyhound racing is not one of the most popular sports, but it is a market in which you can trade successfully. Find out what strategies are used in this sport:

  • Scalping
  • Back to Lay
  • Swing

Chapter 4

Sports Trading Techniques

Sports Trading Techniques

Basic types of trading explained in simple terms.

Find out what it is:

  • Swing Trading
  • Scalping

Here we go!

Swing Trading

Betfair traders search for fluctuations over a shorter time frame than financial market traders.

Swing Trading is based on the most fundamental Betfair trading concept: Back High, Lay Low (or vice versa). Swing traders look for a ‘swing’ in the odds to ensure a certain profit. Consider the following scenario:

Back at 8.0, then Lay at 6.0, or

Lay at 6.0, then Back at 8.0

The odds fluctuate for a variety of reasons. For example, if you keep an eye on the in-play odds throughout a football match, you’ll see that they fluctuate constantly.

But, of course, the biggest shifts in the game happen after major events, such as goals or red cards.

Back and Lay bets for Mannasse at Betfair

Placing a back and lay bet at such odds that the result will bring an equal profit.

The amount of profit depends on the final result

The amount of profit depends on the final result

Scalping

Scalping is a short-term ‘back and forth’ trading method that aims to capitalise on minor market changes for a small amount of money.

To ensure a profit on scalping, you must place two different bets against each other; usually, one or two price moves apart.

This can be achieved by offering a ‘BACK price slightly below the market price, waiting for it to be matched and then accepting a moderately higher ‘LAY’ price. You can then utilize software to ensure consistent returns across all results. What to do if the bet was unmatched? TheTrader has answered in this article.

Scalping requires a large number of small trades to generate profits over time. This can be quite difficult to achieve if you are new to trading. Regularly making a large number of modest and successful trades requires a lot of time and energy.

Swing trading is almost the exact opposite of scalping, which is why it is an excellent place to start for beginner traders.

Many beginners think that matched betting is also a good way to make a profit, but, believe it or not, scalping ends up being much easier.

Placing BACK bets at higher odds than LAY bets in order to make a profit.

Placing BACK bets at higher odds than LAY bets in order to make a profit.

Market behaviour is indicative of placing a back bet at a good time.

Market behaviour is indicative of placing a back bet at a good time.

Chapter 5

Sports trading strategies

Sports trading strategies

The most popular strategies used by professionals.

We’ll tell you what it’s all about in:

  • Pre-Event
  • In-Event
  • Hedging
  • Dutching

Pre-event

In this case, traders invest and withdraw their money from the market before the match even starts. Trading this way means that you play BACK or LAY bets and sell them before the first whistle or the start of the race if it is a horse race. It doesn’t really matter which type of sports betting you choose.

The main thing is to have an in-depth knowledge of your chosen sport. Pre-event trading is for traders who want to minimize their risks because the odds fluctuate very little before the match. The only exceptions are very rare situations where, for example, it turns out that a key player of a team does not play in the match.

Trading on Betfair requires a significant budget to really get a feel for the profits, as we are aiming for a minimum return on a vast number of bets. This is because the odds fluctuate very little, and therefore the percentage gain in the market is small.

On the other hand, trading ahead of events involves very low risk, so the possible losses are very limited.

Alert Green icon

Pre-event trading on Betfair is an excellent way to learn and see if you correctly predict the odds fluctuations.

In-event

In-play trading means that all trades are made while the match is in progress. Not only does this indicate potentially higher profits, but it is also associated with a much higher probability of losing your bankroll. This is because a dynamically changing match can bring swift changes in the odds, leading to quick and significant profits or possible losses.

This type of trading is used by traders who react well to changes in the match and expect big profits but allow for the possibility of losses.

There are many trading strategies on Betfair that can lead to profits. To learn more about them, you can check out our other articles.

Investing money on the Betfair sports betting exchange is vastly different from the usual betting you are familiar with.

Although nothing stops you from gambling with higher odds on Betfair, people who register on the site do so intending to make money with the right sports trading strategies.

This is where the question arises, which Betfair strategies are profitable and bring us closer to achieving our goal?

Basically, to make money on Betfair, you buy LAY when the odds are too low and sell at a higher price, or you buy BACK and sell when odds are falling. This is the method for earning money in the sports market, which is similar to trading on exchanges such as Forex, where brokers take advantage of price fluctuations in different currencies or commodities to make a profit.

If you want to make a quick buck on Betfair, you will need to learn how to analyse the matches and odds.

If you can distinguish between too low or too high a probability in the market, you are on your way to making money.

What’s more, investing in Betfair can make you a profit before the match even starts! How is that possible?

Assuming the odds for a particular match are 2.0 in favour of the home team, we think the odds are too low. In that case, we take LAY because we estimate that the odds will be much lower than this probability.

In fact, after a while, other players notice this and also take such bets, subsequently increasing the odds. When it reaches the 2.3 level, we can buy a BACK bet and make a sure profit before the match even starts.

Yes, it sounds very simple in theory. But as you might expect, in practice, it’s a little more complicated. Still, with a bit of honing and the necessary knowledge, you can achieve results that will guarantee you profits that could make you a wealthy man.

The first step towards this is to understand that trading on Betfair is NOT betting.

We can’t compare the two because making money on Betfair looks completely different. It’s more like investing and making a profit due to correctly evaluating certain products, their prices and predicting which direction that price (odds) will go.

Hedging

What does it mean? 

It is the practice of placing bets on multiple event outcomes after you have placed your first wager to put yourself in a position where you will earn, regardless of the outcome. It is not the same as arbitrage betting, where you take advantage of different bookmakers’ odds. Instead, you capitalise on changing circumstances to maximise your potential return.

Hedging works almost like a safety net. There is no need to risk your money or worry about whether your bet will be successful. If you are willing to accept a smaller profit, it can be risk-free with the right approach.

It also acts as a mechanism for reducing your losses. You may lose a wager, or the odds may not adjust in your favour. If we are serious about making money from trading, we must understand that losses will occur from time to time.

However, we have the option of not losing our entire investment. 

Placing a lay bet as close as possible to the original odds can significantly reduce your loss.

Remember that if we must lose, it is by accepting losses in the trade that we keep our profit margins high.

Dutching

This is a betting strategy in which a player makes many choices during an event to earn a certain amount of money overall. In this case, the bettor must stake appropriately across the various options to yield the same return from each outcome.

On the Betfair exchange, the bettor chooses multiple choices within an event. The stakes are divided between the different options to ensure that the returns will all be the same regardless of the outcome across their selections. 

Another advantage of this strategy is that it spreads the risk across a few options, increasing your chances of getting the outcome right and giving you more than one chance of success.

When there are two or more outcomes that you want to back, and you have a certain betting amount in mind, this strategy can come in handy. Prior to the advent of the Betfair exchange, Dutching was a popular alternative, which allowed bettors to lay (or bet against) the choice, backing all other participants in the event.

Chapter 6

Best Betting Exchanges: Which on is the best one for the start

Best Betting Exchanges: Which on is the best one for the start

Have you learnt the basics of sports trading?

It’s time to move forward, right to choosing the first betting exchange!

Read further and get to know:

  • Which sports betting exchange is the best?
  • How to choose an exchange?

Choosing the right sports betting trading platform is a crucial thing we need to do before we open an account.

There are several important factors that we MUST look at when choosing. These are:

Liquidity

Liquidity is otherwise known as the amount of money available in the market. The rule is simple – the more, the better.

If the market is empty, we will not be able to place a bet because when we trade on the exchange, we do so with other exchange members.

Number of markets

This refers to the number of markets available at a particular exchange – as with bookmakers, the more extensive the range, the more opportunities.

Hence, it is easy to conclude that the more, the better.

The suitable exchange may vary slightly depending on the sport in which we will be trading, but the Betfair Exchange is the best in terms of liquidity and the number of markets on offer.

Other factors

Several other factors should influence the choice of exchange, but they are not as important as the two above.

These include the commission the exchange charges for winning bets, promotions, welcome bonuses and reliability.

Still, you don’t have to worry about the latter because all the exchanges on our website are entirely legal and have the appropriate regulations.

Betfair

Betfair Exchange Logo

Betfair betting exchange was founded in 2000 and has continuously been number one in the market. This is due to the best liquidity and the most extensive range of available markets.

We know these are the two most important factors when choosing the best exchange for trading or betting.

In addition, most trading software is developed precisely for the Betfair exchange. They also have a mobile app, a fair amount of payment and withdrawal methods, and excellent customer service.

What more could you want?

Smarkets Exchange

Betfair Exchange Logo

Smarkets Exchange is the second most prominent exchange that also deserves recognition.

It was established eight years after Betfair in 2008, but this has not prevented it from climbing to the top. It owes its reputation to fairly good liquidity and a solid range of markets.

The exchange itself is marginally behind Betfair in these aspects, but if for some reason we cannot open an account with Betfair, Smarkets will be our second choice.

Smarkets Exchange boasts a unique design that some may not like, while others will love.

The number of available payment methods and the fixed 2% commission are other positive aspects that make this exchange a deserved second choice.

Matchbook Exchange

Matchbook logotype

Matchbook is one of the oldest sports exchanges, as it was founded as early as 1999.

What makes it unique is that it offers a good offer and probably the best welcome bonuses.

Matchbook will be a great choice, especially for tennis enthusiasts, as these markets have the best liquidity on this exchange.

While the top two spots in the ranking are undisputed, the third place could still go to Betdaq Exchange, which competes with Matchbook for the podium.

It is also a worthwhile exchange to check out, so do not be taken aback by the Matchbook Exchange’s third place in this list, as the Betdaq Exchange does not stand out from it at all, except perhaps in terms of tennis liquidity.

Chapter 7

Best sports trading software

Best sports trading software

Can software be useful?

If so, which one would be the best?

We check it out!

Is it possible to make a profit without using any trading bot? This is a question that many new traders ask themselves.

Yes, however, some techniques, such as in-play racing trading, and pre-race trading, are not safe to use without rapid prediction software.

So let’s take a look at what trading software is available in today’s market.

Geek’s Toy

Geeks toy trading software logotype

You receive a highly rated piece of trading software with Geeks Toy. It includes Betdaq and Matchbook as well as the Betfair Exchange, of course. You can trade using this tool since it is quick and highly flexible.

It also takes advantage of the single-click betting feature that is common in today’s Betfair trading tools.

With just one click, you may place, alter, or cancel a wager. You may also customize the software’s appearance and functionality. Customization choices include anything from the color scheme to the functionality you want at your fingertips.

The most obvious is that software is considerably quicker and more efficient than Betfair. Betfair’s markets are, on average, automatically refreshed every minute. You may change the refresh rate with software like Geeks Toy, ensuring that you always have the most up-to-date information.

Features

  • In-play interface. In-play trading is extremely popular, and Geeks Toy offers a unique and easy-to-use tool to help in these marketplaces. With a single click, you can see the whole market and play your bets.
  • Lightning fast, responsive interface. Above all, Betfair third-party trading software must be fast. Because you’re betting in real-time, with markets changing every second, you risk missing out on the best price if the prices don’t update promptly. As a result, Geeks Toy has earned a reputation among professional traders as the fastest and most trustworthy program available.
  • Enhanced Market navigation. There aren’t many websites that handle navigation as well as Geeks Toy. While other applications might be intimidating when you first log in, Geeks Toy makes it very easy to explore the markets and pick the ideal one for you. This is beneficial to new users seeking an easy-to-use experience and seasoned users who need to find their markets quickly.
  • Multi-Market trading. While many novice traders begin by placing, and watching only one market at a time, as you gain experience in the game, you will notice that there are more and more chances appearing by the minute. This is where the ability to monitor numerous markets at once comes in handy. With Geeks Toy, you can view many markets at once and arrange them in whatever order you desire, such as by sport type or start time.
  • Dutching & bookmarking. Advanced Dutching and Bookmaking features are included in Geeks Toy, allowing you to employ these techniques in your betting and trading without the need for complicated calculations.

Advanced charts. When it comes to data visualization, every trader will have distinct tastes, and Geeks Toy’s sophisticated charting allows for a lot of customization. Up to three distinct sets of advanced charts can be created, each with its own set of setup choices.

Pricing

3 Months Access£20
12 Months Access£60

Gruss Betting Assistant

Gruss trading software logotype

Gruss Betting Assistant is a third-party trading software that works with the markets. This means that you can trade on exchanges without having to go via their website.

In addition, using third-party software like Gruss Betting Assistant offers you access to a variety of features not available on exchange websites.

Gruss Software provides one-click betting in a standard or ladder-based interface and the ability to link into Excel and place bets using predefined triggers. Green-up, fill or kill, stop loss, dutch betting, coupon market view, and many more features are included in Betting Assistant.

Features

  • One-click betting on all three back & lay prices
  • Continually updated display of potential profit
  • Option to take profit (or minimise loss) with one-click (stakes auto-calculated)
  • Dutching facility on back and lay bets
  • Ladder Interface showing full depth of market
  • Tick offset bets with sliding stop loss
  • Forum allowing direct access to the application developers, and other users

Real-time update of prices and triggered betting from an Excel spreadsheet

 Pricing

Betting Assistant for Betfair (monthly subscription) £6 Initial charge then £6 every 30 days
Betting Assistant for Betfair (annual subscription)£60
Betting Assistant for BetdaqFREE*

* Gruss Software reserves the right to charge for this product in the future.

Bet Angel

Bet Angel trading software logotype

Bet Angel walks you through the Betfair trading procedure. It’s a well-established service that’s been around for almost as long as Betfair.

However, according to the developer, it was the first Betfair application to employ stock exchange-style software.

It can be used in three distinct ways. Bet Angel Trader, Bet Angel Professional, and Bet Angel Basic are the three options. Whichever option you select, you will have access to a sophisticated tool that allows you to place bets quickly and easily.

Each one is unique regarding what it has to offer, which is reflected in the pricing differences.

Features

  • Practice Mode
    A fully functional mode that allows you to learn how to use the program safely.
  • One-Click Betting
    Place bets quickly using automated trading settings.
  • Ladder Interface
    To see a wider variety of pricing, use the vertical price ladder.
  • Advanced Charting
    There are several technical indications offered.
  • Dutching & Bookmaking tools
    In a single market, back or lay numerous runners.
  • Excel spreadsheet Integration
    Using Excel, you may create your own complex trading or betting bot.
  • Guardian
    Betfair Multi-Market Trading with Bet Angel Professional
  • Advanced Automation
    Make your trading or betting completely automated.

Pricing

Trials are limited to once per person and last for 14 days.

1 day£0.99
1 month£29.99
2 months£39.99
3 months£59.99
6 months£99.99
1 year£149.99

Chapter 8

How to become a professional trader: Sports trading tips from TheTrader.bet

How to become a professional trader: Sports trading tips from TheTrader.bet

Useful tips you must know!

Check out the most important aspects of successful trading.

  1. First and foremost, focus on a particular sports market. There are so many variables that it can be difficult to keep track of them all. You must focus your efforts on comprehending what is happening in front of you before estimating the magnitude of the bias. This cannot be achieved by jumping from one method to the next. You will make much more profit if you specialize in a specific sport.
  2. Create a long-term strategy. Professional Betfair traders don’t become successful overnight; mastering this new talent will take some time. The quickest way to success is to realize that you’d be better off planning everything for the next couple of months.
  3. Manage your budget properly. When trading or betting, make sure you understand money management and your goals. If you don’t, you’ll lose everything.
  4. Learn the differences between exchanges and bookmakers. Knowing the distinction between financial and sports markets is essential. The key differences are as follows:
  • Trading ability
  • Laying ability
  • Much higher odds
  • No limits on stakes
  • Someone else’s blunder is your chance for success

    And it is the latter difference that is the basis of much of the trading on Betfair.

Where to learn?

You can find many strategies, techniques, guides and other helpful trading information online.

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We’d also recommend you to visit our sports trading hub – it’s the library that collects all of the learning articles and guides that we’ve made especially for you!

However, you can never be sure if they work or if a particular software will help you. Therefore, ensure you only use the proven and best sites or blogs related to trading. 

These include:

Peter Webb’s blog

Cann Berry’s blog

We can recommend these two with confidence and without any qualms. Both blogs explain how sports trading for beginners works.

You will learn a lot of interesting facts and tricks that can be applied to increase earnings, and you will also learn the basics of trading, just as you would from TheTrader.Bet.

Chapter 9

Conclusion

Conclusion

As you can see, sports trading is an exciting alternative to making money online. With access to Betfair and after studying the basics, the rules and the techniques of trading, you can make a lot of money, especially if you can devote a lot of time to it.

However, time is not everything because it is necessary to learn the basics, to develop and choose a betting exchange strategy that suits you and not to become highly emotional.

After all, trading is for people with strong nerves.

The right tools for trading are right in front of you. All you need to do now is collect an appropriate budget, study the strategy that suits you best and above all, practice.

Remember that practice is essential, and you can do it with Betfair’s free exchange simulator. This will allow you to test your strategies without spending a penny.

Chapter 10

FAQ

FAQ

Sports Trading Q&A

What is Betfair sports trading?

Betfair is a betting exchange where anyone may purchase and sell bets on sports events. When you trade on Betfair, you are betting against another human being, not a bookmaker, as you probably did before.

How does Betfair trading work?

In a simple way. Trading is possible thanks to the possibility to place back or lay bets on the Betfair Exchange. The main aim is to back at a high price, lay at a low price. You may build a ‘greenbook’ by making a bet at a favourable price and then trading out of it as the price falls. A greenbook is a bet in which you have a guaranteed profit regardless of the outcome.

How much can you make with trading on Betfair?

Although the money you will make per every trade will be small, you will strengthen your budget and start making more profit if you perform the process often enough. It all depends on your initial budget, of course, and depending on your chosen strategy, you may need a special calculator.

How to start trading on Betfair?

Although it is necessary to have a stable network connection and create a Betfair account on the exchange, the entire process is explained in the article above. Successful trading is based on finding odds that are too high or too low. This allows you to make a profit on the Betfair Exchange effectively. Indeed, many people trade on Betfair for a living.

How to start trading on Betfair?

Although it is necessary to have a stable network connection and create a Betfair account on the exchange, the entire process is explained in the article above. Successful trading is based on finding odds that are too high or too low. This allows you to make a profit on the Betfair Exchange effectively. Indeed, many people trade on Betfair for a living.

How much money do I need to get started?

You can start sports trading with as little as £50, but making a profit can be arduous, so it would be best to start with at least £200.

What is a sports trader?

A sports trader is a person who trades the odds on the exchange and tries to exit the market profitably by buying at a high price and selling at a low price.