Most of the fancy tools in commericial software just aren't worth the bother. Odds ladders probably drag people into so-called " scalping " and, if unprepared, guarantee themselves a loss. Other tools are copied from the financial world and are inappropriate for sports trading. There are many things that third-party software cannot do. As you gain in experience and knowledge you will begin to think to yourself, "If only the software did this. Using third party software with which to trade constrains you to the capabilities of the software and does not allow your imagination to try new avenues of thought.
By far the best third-party trading software has to be Advanced Cymatic Trader. Gavin, a fellow computer scientist and the coder of the software, appears only to be either coding his trading software or discussing how to improve the software on his user forum, and it shows. There are far too many features to list here.
Some of the features include include; Advanced Charting for monitoring price movements as you would financial instruments, Position In Queue to let you know how quickly you can get your trade matched and an Automated Trading Robot that will carry out automatic trades for you. Also included is Excel spreadsheet integration, putting the software on a par with Bet Angel. Putting Traderline somewhere in the larger picture is not a difficult thing to do.
There is a clear focus on trading and the software handles this more than competently. To say that it does everything that a serious trader could want is a bit of an understatement. The sheer amount of customisation you can carry out and the various ways you can display data and control trades is massively impressive. Coming into this article I had heard of Betex Trader before, however I was not overly familiar with the software.
I have come to realise that this may well have been a bit of a let down on my behalf as this is a very interesting option for those who wish to trade on the Betfair exchange. What is noteworthy about Betex Trader is that it eschews the standard format of copying the Betfair exchange in order to provide a different method of betting and any innovation I always try to see the best in. There are some differences to how Betfair as well as most trading apps display their data.
Key to these and Betex Trader as a whole is the options when you set up bets. Whilst Betex Trader can be used in a normal fashion to really get the most out of the software you need to be using bet plans. Bet plans are the unique selling point of Betex Trader and they are a fantastic way of setting up complex betting strategies without any real fuss.
You simply start out by creating your bet plan which is a set of rules that you can use for any future bets. You can set a variety of different criteria which when met, Betex Trader will place bets for you. This can be set on the back of bet types, trigger conditions for in play betting and even stop loss instructions. The Pro version of Betex Trader is somewhat restricted and comes with things like fixed staking and restrictions on the markets that you can bet on.
The ultimate version of Betex Trader however comes with no restrictions whatsoever. Unlike most pieces of Betfair trading software that charge a subscription fee, at the time of writing Betex Trader charges just a one time cost which is as follows:. Most of the software that I have looked at so far is designed for traders and as such, has a focus on graphs and charts.
These are things that you will recognise as requiring human input. Betex Trader on the other hand allows you to simply set up the terms of your betting strategy and employ it with the click of a button. There is a strong sense with Betex Trader that if you can programme the rules in, then you can stake it very easily.
To me this is a difference that is important to differentiate as traders tend to be more dynamic and responsive to the market, whereas bettors typically have a system based on other factors. A big part of the appeal of Betex Trader for me is how simple it is to set up a betting system. Whilst he UI is not necessarily as intuitive as it could be, it is difficult to ignore the fact that setting up rules for betting is pretty straightforward.
The final thing to acknowledge about Betex Trader is the pricing. The fact that there is a simple one off payment also means that any future earnings that any future earnings are secured, as opposed to having monthly outgoings affecting your profit and loss. MarketFeeder Pro Software is a piece of Betfair trading software that in some ways I rather struggle with. This is definitely a helpful feature to have, however it is also something that most examples of software that I have looked at is also capable of.
In terms of features, MarketFeeder Pro Software has all of the mainstays such as one click betting, assistance with dutching and greening up etc. There are also some trading tools however this is a long way from the focus. The refresh rate for MarketFeeder Pro Software is very respectable refreshing up to 0.
Not dissimilar to Betex Trader which I have just looked at, MarketFeeder Pro Software really comes into its own when you are programming in your own betting system. There is a wizard in place to help you to set these up which makes things pretty straight forward. MarketFeeder Pro Software does however also come with Excel support which means those who are proficient are able to make the software do some pretty advanced things.
This is a neat piece of software which can be used to test systems based on virtual data. If you are testing a betting system through Time Machine, then you can control the speed at which the data is tested. There are a few different ways of paying for MarketFeeder Pro Software depending on what you want the system for. To use MarketFeeder Pro Software for trading, the prices are as follows:. If you then wish to take advantage of Time Machine, there are potentially additional costs involved as well.
Trialling MarketFeeder Pro Software as a piece of trading software also comes with a free trial which runs for a full month, entirely unrestricted. It is clear from the get go that MarketFeeder Pro Software is all about providing the most possible customisation for users in terms of the ability to trial systems.
Of course, key to this is the Time Machine which is an additional premium. It is worth pointing out that this is by no means a guarantee that a system developed with MarketFeeder Pro Software will work for the future however. As a piece of trading software, it leaves a lot to be desired in my opinion. This is a very clear niche piece of software that to the right kind of user will be a godsend. For those who are simply looking to be day to day or just want a faster and easier way of trading on the Betfair exchange, there are definitely better options.
Scoregrid Bet Practice is a direct competitor and I have to hold my hands up and say that I am rather wowed by what the team have done here. To me, there is very little left of the traditional Betfair exchange user interface and that is a very good thing as the Scoregrid Bet Practice team have crafted something massively practical and unique.
This allows you to place bets on full and half time results in game. This is a particularly useful tool for those who are involved in dutching as everything is there and in one place. All of this is very good however it is also important to balance it out with the fact that Scoregrid Bet Practice is also very restricted.
In fact, there are just 50 markets that you can bet on. Given the rather unusual layout and features etc. If there is one thing that may save Scoregrid Bet Practice it is the price and I am inclined to say that it just about warrants the existence of Scoregrid Bet Practice.
There are two options which are as follows:. For me, Scoregrid Bet Practice as a piece of software holds a very fine balance. Unfortunately, if you want to use Scoregrid Bet Practice then this better be all that you want to bet on and that is fundamentally a problem. This is important to consider when you are weighing up all aspects of this particular piece of software.
Unlike BetTornado before it which is competent but has a focus on presentation, something which may appeal to a more casual bettor. Scoregrid Bet Practice is all about serious football betting. Whether or not you are serious enough about football betting to purchase another piece of software is a very different question, and this is really what it all boils down to. If you take betting on football even remotely seriously, this is a trifling amount to pay, even if you are already paying for another piece of Betfair trading software.
I have talked a lot about gaining and edge in trading and I have to hold my hands up and say that Scoregrid Bet Practice does this. It may not be substantial, but any edge is worth pursuing. The fact that this is such a niche product has to be put to one side.
Bet Commando is sold as being built by sports traders, for sports traders and I have to say that I can see how this community driven project has worked out successfully. Like a lot of the more interesting pieces of software that I have looked at over the course of this article, Bet Commando is not surprisingly a rather niche affair.
Whilst you can use the software to bet on a number of different markets, there is a very strong focus with Bet Commando on horse racing. There are also the usual options such as ladder displays so that you can see what the entire market is doing for a particular selection. Bet Commando has one ace up its sleeve however which is an in play animation interface that allows users to improve their in race betting on horse racing.
Whilst it is rather crude to look at, this aspect of Bet Commando shows you where horse are in relation to each other during a race, as well as showing the odds moving, all in real time. As I have touched upon, despite the clear leaning towards horse racing trading, Bet Commando can also be used for betting on all other sports. There is very little here that is really any different from any other example of any other piece of Betfair trading software. There are just two options that are available for those who wish to subscribe to purchase a license subscription for Bet Commando.
In looking at all of these different pieces of Betfair software, it is niche examples that tend to stand out. The problem with niche products is that as Scoregrid Bet Practice and to a lesser degree Traderline demonstrates, when you focus on one thing, something else typically gives elsewhere. In fact, pretty far from it.
My final thoughts on Bet Commando are based predominantly around how often you bet on horse racing, more specifically, in race betting. If your particular betting approach involves a lot of this kind of betting then I have very little doubt that you should be using Bet Commando.
Whilst the rest of the software is passable, this is all that it is and as such, if you have a more varied approach to betting you will likely find yourself missing some of the functionality of less niche software. There are a lot of pros and cons to the different examples out there and really what is best for you may not be best for everybody else. It all depends on what you are looking for and what you consider to be the assets you consider to be most important.
With that in mind, I have tried to break down the different pieces of software into categories and listed the best based for that particular feature. It goes without saying that these are all entirely my own opinions. What I liked or disliked may not be suitable for you. The thing is, whilst I like to think that I have offered some direction to those who are looking at Betfair trading software, I believe that all of the examples that I have looked at offer a free trial.
With this in mind, the absolute best thing that you can do is get out there and trial things for yourself. Hopefully, this guide will give you two or three to try out rather than all of them. I have long been a fan of Bet Angel and this is mostly down to the fact that I feel that it offers the most complete and comprehensive Betfair trading experience. That having been said, I do feel that you get what you pay for with MarketFeeder Pro Software and I would personally rather have a piece of software that does everything that I want it to at a cost, than compromise and save a few quid.
It is worth pointing out that the differing tiers to Bet Angel mean that even if one option is too costly, then you can always compromise on a few features to make it affordable. Honestly though, if you are reading this, then you take betting and trading on an exchange very seriously.
As such, the cost is going to be pretty ow on your list of priorities as you would want to make the right choice rather than the cheapest. Whilst there are a number of cheaper options on the market in terms of Betfair trading software, there is one that for me, stands out when compared to the others.
That is Advanced Cymatic Trader. It is a decent all rounder and does a lot of the things that some of the more heavyweight and costlier examples do at more than half the price. When you take the time to consider it, it is quite possible that you spent more on your last trip to McDonalds than you would on a monthly subscription to Advanced Cymatic Trader.
This is a good indicator of just how affordable it is, and if you want to get to understand trading on Betfair properly, then this combination of cost and features makes it a great starting point. It is worth starting by saying that every piece of Betfair trading software should be faster than the online betting exchange.
I should also mention that whilst some refresh rates etc. With this in mind, the winner for me in terms of speed is BetTrader. The refresh rate on this particular piece of software was very impressive without ever moving out into the realms of being unreadable. The speed at which BetTrader is able to place and cash in bets is equally as impressive all of which makes it the fastest Betfair trading software in my eyes. I should preface this by saying that when I mean trading software, I am talking about your graphs and charts men.
For me, this is actually a pretty clear winner. Traderline is not necessarily the prettiest piece of software. Or the most intuitive. But to focus on this would miss what it does so well. In terms of presenting information, Traderline is second to none in my opinion. The customisation aspect is without a doubt what makes this stand out. Whilst almost every piece of Betfair trading software that I have looked at has displayed some kind of chart of graph, Traderline takes it to the next level.
I think that really what Traderline does is take a very good and existing concept and it runs with it, almost to an extreme. It is quick enough to allow you to make split second decisions whilst giving you enough data to make sure these are well informed. I have chosen to lump these two in to one category with a brief look at my winner for each sport. I also feel that I should preface these selections by saying that these recommendations are based solely on betting on either football or horse racing.
The best horse racing software in my opinion is Bet Commando. This may not be a surprise as I was rather effusive in my initial look. This is mostly down to two things. The first is, not surprisingly, the in play race look. In terms of the best football trading software, again, there are probably no surprises in my choice of Scoregrid Bet Practice. In placing the focus on giving football traders what they want in front of them, it makes the whole experience faster, more efficient and resultantly, profitable in the long term.
In approaching this article, it was my intent to try and showcase some of the various examples of what is available for trading on the Betfair exchange. I also wanted to highlight the fact that I you do use the exchange, then there are plenty of options out there for you regardless of your betting or trading style. This is not a comprehensive list however. The fact of the matter is that there is a hell of a lot of overlap between one piece of software and the next with a few notable and very niche exceptions and the reality is that on some of the later nights when I was up testing the software, I had to check what I was looking at because it looked almost identical to what went before it.
Despite this, I like to think that I have also shown that despite all of the similarities, there are a lot of differences too. For example, Betpractice Score Grid jumped out as being by far and away the best piece of software for football trading in my eyes.
This is because as I have touched upon in my main coverage there is a clear focus on improving an existing user interface. I was also genuinely and pleasantly surprised by the sheer number of ways that you can keep on top of your betting.
Whilst Windows PCs and to a lesser degree, Apple Macs should have plenty of availability, I was pleasantly surprised to see developers catering to mobile platforms. This does feel a little in its infancy, but it is also something that I believe you will see more of in the future. Ending on the note of the future, there is no denying that betting is only getting harder and harder for punters. If my hunch is right, then this is very good news for punters as betting exchanges feel like one of the last truly free ways of gambling.
If you are successful, it is certainly the only sustainable option. The software that I have looked at is all designed to give you an edge, albeit a very fine one in this day and age. But to me it is clear that if you are serious about betting then every edge is worthwhile pursuing. Fortunately, there is the ability to make it much closer to perfect. For Joe Average, any piece of trading software is fundamentally made redundant, but if you are in any way serious about trading on the Betfair betting exchange, then I genuinely think that you need some sort of Betfair software.
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Football trading, and betting systems, especially on Betfair is a topic that many people are now interested in. For a long time, betting in the UK was synonymous with horse racing. This is with good reason as well. Times have changed since those days however and so has betting. Horse racing is still the largest betting market in the UK, but football is fast catching up and as bookies pursue a more casual type of punter, I think that interest in betting on football will continue to grow.
These are not small numbers and they highlight the fact that what was once a bit of a niche, can quickly become central to a whole industry. As you can see that is a LOT of money being traded, and the amount of money traded on football in any given week is colossal. I mean, the amount of money traded is mainly due to the global interest in the sport, but not only that, football is a much slower sport to trade than, say, horse racing where the majority of people trying to make a few quick will just back the favourite and hope for the best.
Think about it, with horse racing some of the races are over inside a minute, where you get punters panick betting if the results are not going their way, and this leads to an unstable position especially in play , because it is more risky, no doubt. In play football trading is much slower paced, more more relaxing because at the end of the day you have a whole 90 minutes in which to plan and implement any strategy you may be using, and use all the ammunition to make a profit, and to make the game pay.
Truth be told though; football betting has existed in some form or another for almost years and was born here in the UK. Football pools used to be a method of betting in which you would try and predict outcomes of a large number of games. The person with the most accurate and highest scoring predictions would taking home the prize.
It is interesting that football betting started in this fashion and has now come full circle of sorts. In , the first large scale and commercially viable betting exchanged launched in the shape of Betfair. This allowed people to bet directly against other people rather than a bookmaker. It also changed the landscape of betting immensely. As Betfair has grown, football has become an increasingly popular sport for people to bet and trade on and this is with very good reason.
The structure of Betfair made in play betting a viable thing to do for any football game. Fast forward to today and there are so many options open to bettors that it almost seems to be overwhelming. Whether or not you consider this to be a good or a bad thing depends on your approach to betting I suppose, but the majority of people I talk to are loving it at the moment. Before I can talk about football trading specifically, I want to start by looking at what betting on a betting exchange entails and how this works.
I feel like most people reading this will already be familiar with the process to some degree, however I am aware that many people are not familiar. With this in mind, I will not just be referring back to betting exchange concepts when talking about football betting. It is well known how placing a bet works with a bookmaker. You go in, they set the odds, and you either take them or walk out of the door. With a betting exchange, you are betting with your fellow punters which makes the whole experience a lot more flexible.
Instead of accepting the odds which are offered, you can essentially put your bet out there, with other people accepting your bet. If you win, you receive payment at the odds that you chose. This is essentially being on the other side of the bet as discussed above. Laying a bet means that you are betting against an outcome rather than for it and it is the crux of betting exchanges. Lay betting, as it is often referred to, is an integral part of many betting strategies, both football and none.
One of the other key features of betting on a betting exchange as opposed to through bookmakers is the concept of trading. This allows you to take a profit before an event has finished or alter your bets completely. I will cover this topic in much greater detail below however. Football betting is really straightforward, right? You put a tenner on your team to beat Crystal Palace because so far, this season, of course you do and you make a few quid to cover beer money for your next game.
Some people might go a little bit more in depth. Long term however, we are looking for very different results and to really understand this, we have to look at football betting as a whole. For a long time there were football pools, but in many ways, this was more akin to a lottery than modern football betting. Modern football betting has truthfully only really started to take off in the last few decades, mostly because it is seen as being a more profitable market for bookmakers to make money.
This is because when people are betting on football, they are more likely to bet with their heart than with their head. Think about your chosen football team for a minute, and then ask yourself how comfortable you really feel betting on them to lose.
It feels a little bit like turning your back on somebody. Of course, you may not enjoy football in which case football betting is simply another stream of revenue for you. Frankly, this is the best attitude that you can have. As I have already touched upon however, betting is slowly changing, especially in regards to the methods of betting that people employ.
Aside from some of the obvious advantages such as being able to cash out a bet when there is some profit and allowing a much more different analysis of betting markets, trading can be used to all but guarantee a profit in game or allow you to turn a negative into a positive. Trading on Betfair is a skill which is not necessarily new. In fact, a large number of the fundamental skills that are involved in trading on Betfair have been brought over from Forex markets.
The early pioneers of trading were financial traders who came to notice that there were similar patterns and indicators on betting exchanges as there were on the foreign exchange, something that the name strongly implies betting exchange. By bringing their skills over from finances to betting, there have been a large number of professional bettors trading on Betfair both historically, and presently.
When you are betting however, you generally need some knowledge. With our appetisers out of the way, I think that it is important to look at what this article is really about and that is trading football on Betfair. There are a lot of reasons that you would want to trade football over other sports and likewise, there are a lot of reasons that you would want to trade over betting, most of which I will probably go into over the course of this article. The long and short of this is that trading carries significantly less risk than betting if the correct approach is taken.
It also allows for very different strategies which focus on making a more consistent profit on a day to day basis rather than the ups and downs that come with traditional betting. Many traders try to show you how to actually trade the football markets on betfair, as there is a whole nich that has been built up around this topic over the last few years, and here is Steve Howe, a professional Betfair Trader Of ItsaMugsBlog explaining his own simple football systems:.
The number of games that you can trade on Betfair is frankly rather staggering. It is a genuine year round affair with a massive variety of different leagues and competitions from different countries and continents. In fact, I have just logged onto the Betfair exchange and there are an eyewatering 53 different countries that I could bet on the football over. There are also international games as well.
This kind of variety is hugely important as a big part of profitable football trading lies in finding value. It is no coincidence that most of the profitable football tipsters and settings that I have looked at have involved betting on more obscure leagues and games. For many serious football traders on Betfair , the types of games that they are betting on is somewhat secondary to the betting markets that are available.
This will vary from game to game depending on what games you are betting on more niche leagues and cups have less markets , however the main ones have you more than covered. This means backing a team to win, lose or draw. It can also mean laying a team as well. Generally speaking, this is where the least value is to be found in football trading as the number of potential outcomes are fixed.
Furthermore, there are some very well established trading techniques which are based around backing or laying on this market. These are exactly what they say on the tin. You can place bets on there being over or under anywhere from 0. There are a number of reasons for this but the main ones are liquidity, the ability to hedge bets and the value that is available. The other types of football bets that you can trade are something of an eclectic mix.
This includes things like the correct score both at the end of the game and at anytime during the game. Whether a penalty will be awarded in a game and even whether a hat trick will be scored. Furthermore, they are also generally very unpredictable. The only other bet type that is left to trade are Asian Handicap bets. These are an interesting but somewhat niche bet type which teams are handicapped based on their form. This particular betting market has yet to be really take off in terms of trading.
I have mentioned a number of times about liquidity in markets and this is arguably one of the single most important aspects of trading anything on Betfair. Because you are betting with other people on an exchange, liquidity must be a thing to get your bets matched. This is because liquidity is basically the amount of money that is available on any given betting market on any given game.
More liquidity is a good thing as it means that you are more likely to get bets accepted. Naturally there are certain general rules that you can expect to see when you are looking at liquidity of bets. For example, the bigger the game, the more money will wagered on it.
Take the upcoming United vs Liverpool match. What is important to keep in mind is that generally speaking, with any game that you wish to trade on, liquidity will be at its peak the closer you get to the game. When it comes to trading, this is generally where you can get the best possible odds and your bets are most likely to be matched.
This is of huge benefit to a trader as you are able to get the most out of each of your trades. Now that we know what liquidity is, we can take a look at which markets generally have the most. Using the upcoming Liverpool v Manchester United game I can start to look at how liquidity is spread out. I have already talked about the match odds and the amounts of money that have been bet there and this is generally where you will find the most liquidity.
People like to believe that it is easiest to predict the overall outcome, something that I believe that there is some truth to. The match odds liquidity will inevitably increase as we get closer to the match, as will other markets. This is because the kind of bets as I have already talked about tend to be niche and unpredictable.
As a result of this, it can mean that there is less interest from bettors and as a direct result, less liquidity. The best way to start earning your stripes in football trading is to get on Betfair and start trying to trade bets. I will be looking at some basic systems below which if you follow, you should enjoy at least a little success with.
Ultimately, this will all depend on your mindset when you are trading. Betting and trading take a very different approach and this is mostly down to the fact that betting is binary. You can win, or you can lose. If you win, then you will make a profit and if you lose, you will lose your stake. Trading is much more fluid than this because you choose at what point you wish to begin or end a trade. To trade successfully, what you really need to be focussed on is avoiding losing rather than winning.
This is because the nature of trading means that you are looking to make less money, more often. The narrower profit margins mean that anything resembling a big loss can kill your profits for a month. On a personal level, this means that you have to think a certain way. You must be selective and have patience and discipline when you have a trade in play.
This is of course somewhat boring which is why most football betting traders that you see are more mature in age. These are people who are not seeking the thrill of a big win, but the feeling that comes with knowing that you have made a profit for the day, no matter how big or small that is.
What matters is getting to the end of the year and seeing steady bank growth and an overall profit. It is important to talk about this before talking about practical advice for trading, not least of which is because without the mindset, you can easily overextend yourself. Making a trading plan is a good idea regardless of your experience.
This means finding games that you believe have strong opportunities and working out which are best to trade. Consider things we have discussed like liquidity in the market, will teams play to score or will both play for a draw? From here, you can consider the kinds of trades that you might want to look at and start to learn how to manage trading throughout a game. When you are getting started, you might prefer to have the game playing out live in front of you.
Irrespective of what markets you are trading and the set up that you have, it is important to keep in mind the fundamentals of trading football on Betfair. You will probably find it far easier to trade using either the Betfair platform itself, or by using software such as Bet Angel , and you can see a quick, albeit simplistic kind of system below from Peter Webb, who is trading the under 2.
In terms of the numbers of football trading systems for Betfair, there are more than I care to count. Fundamentally however, all trading can be viewed in two lights. These are pre game trades, and in play. Both of these are pretty self explanatory however it is important to understand the differences as they can massively influence how you trade.
Pre game trading strategies will often involve the least risk. This is because you are looking to leverage small market movements often in order to identify profitable trading opportunities. This is often compared to the more traditional market trading methods of scalping. Pre game trading strategies of this nature generally involve being able to buy positions as soon as news breaks in order to get the best odds.
You can then trade these out as prices move to lock in profit before a game even kicks off. In game trading is a much more dynamic affair that can produce much higher profits than pre game trading. This can be somewhat more exciting as there are a greater variety of bets to trade. It is however important to remember to be disciplined here and not let your trades drift into bet territory. This type of trading is arguably the purists trading in so much as it most resembles the traditional financial trading that ultimately evolved into bet trading.
This kind of trading involves taking advantage of market positions and movements to generate a profit. It is arguably the most time consuming and riskiest method of trading as you are relying on things going one way or another in order to get results. A good example of in game trading may look something like this:. Before a game, you notice that a teams star striker is on the bench, despite being up against an evenly matched team. You place a bet on Over 0.
The game plays out as expected and ends up feeling very much like a stalemate at Both teams are reasonably matched with no obvious advantage. Team A suddenly bring on their star striker. You trade your bet and lock in a profit, despite the game ultimately ending in a draw. As you can see from this, we are using knowledge of the sport in order to identify where there are opportunities to make profits.
With the correct approach, you can carry out this kind of trade multiple times in a game on a wide variety of markets which means that it is massively flexible. As I have mentioned however, you do need to have a reasonable understanding of football in order to really profit from this.
Furthermore, you should ideally be watching the match so you can see where opportunities are becoming available. Whilst this method of football trading sounds simple, and in principle it is, it can actually be very difficult to remain profitable in the long term.
This is because trades can often turn on a dime and the amounts of income that you generate are quite small. You can of course implement stop losses and trade out before you lose too much money, but it is difficult to ignore that this is a risky method of trading. Trading counter goals is really quite a good example of in game trading which involves looking at a very specific set of circumstances on which to trade.
Consider the following example:. The same Team A and Team B used in the example above are playing. Both are evenly matched although Team A happen to be a point ahead in the league. Team A manage to score a goal in the 60 th minute. The markets inevitably go crazy and the odds ultimately settle at 1. At this point, you could lay Team A knowing that Team B are going to push hard to score a goal back and get at least a draw.
Team B start to play a much more offensive game with a stream of corners coming their way. The odds for Team A winning drift to 1. The game ends to Team A. This is a method that is again somewhat dependent on having some understanding of football. You have to have a reasonable amount of knowledge to say whether or not a team really has a chance of scoring a goal in return.
This approach to training when paired with a sensible stop loss can allow you to make a decent profit in game with minimal risk. You will notice that in both of the examples that I have listed above, the winning trades ultimately end up being losing bets.
This is what being a savvy trader is about. You are looking for trades that will win, not bets that will win and that is a distinction that most people struggle with, especially at first. Once you have got past this however, I feel that trading becomes a much more natural process. There are a lot of trading strategies out there that individuals use to make money every day. Some of these are clear winners and others are much more questionable.
The truth is that what might work for one person might not work for another and vice versa. Trading is a very personal thing and it is really up to you to find where you are comfortable in terms of managing risk and your profit and loss sheet.
Becoming a successful trader is something that you never really stop working towards and there are some genuinely very good guides and strategies online. I have already touched upon the answer to this at numerous points in this article but there are some very clear pros and cons to trading over betting.
Naturally there are some nuanced and grey areas, however in the main, there are quite definite differences. One of the main differences between betting and trading lies in the approach to profit. As I have already talked about at length, trading is all about finding small profits and consistently taking advantage of them in order to increase your bank in the long term.
When you are betting, you have to take profit where it comes as ultimately, you have no control over anything. Personally, I consider this to be a positive for football trading over betting. Obviously, this does eat away at the excitement a little which some people will find to be a big disadvantage however I am not one of them.
The next difference is in how time consuming each discipline is. Put simply this means that once you have placed your bets you have nothing to do but simply wait to see what happens. Trading undoubtedly means spending more time at your computer. Especially when you are getting started. Even when you are experienced you will need to spend some time at your computer. The time consuming nature of trading can be mitigated somewhat through the use of a trading bot, however this will not apply to every method of football trading.
Finally, the big difference as far as I am concerned is that football trading is a skill. Many traders that I have spoken with talk about how they could land somewhere new and start to make a living immediately. With a small amount of initial capital, I can entirely believe it.
Betting on the other hand always involves some degree of luck. Realistically, I think that betting and trading both operate at different ends of the same spectrum. Which of the two you find preferential will ultimately depend on your approach to making money. For my money, I definitely prefer the approach that traders have to making money through football. Betting seems fraught with risk by comparison, and whilst landing a big win is definitely a thrill, I find that it is not enough to override being 50 points in the red whilst you wait for a win.
Trading on Betfair is one of the safer ways of making money online that I can think of, so long as know what you are doing. Those who jump in with reckless abandon are almost guaranteed to lose money. As I have already touched upon, you have to be dedicated, disciplined and hard working if you want to be successful in trading.
Trading football on Betfair is one of you best options as well in my opinion. I know of plenty of people who prefer horse racing, and some of them make good money through it. To each their own. For me, football is just more accessible. When you are looking at horse racing you might have to consider 3 or 4 different horses per race. With football, there are only 3 possible outcomes per game. Furthermore, there are many more markets that you can aim to take advantage of.
It is not always as easy as it may seem, when trying to profit on football, and the following Youtube video will show you how one such trader is pretty much all over the place when trying to make a small profit:. As you can see, the guy was fumbling around all over the place. But, many do make a profit, so it is always best not to focus on those who cannot do something, or who go around the houses just for the sake of showing a YouTube video.
There are other reasons that I prefer trading football on Betfair however. One of the main ones is that I find football easier to follow. The first thing to keep in mind is that there is a firm media bias towards sports and sports personalities when reporting. This means that if a teams star striker is injured and unavailable to play, you will likely read about it in all of the papers.
Compare this to a horse getting a slight knock which affects its gait which might get reported in the Racing Post. Second of all, there is the fact that football gives you plenty of breathing room when you are trading. This is significantly longer than the few minutes that a horse race will last and as such, you get more time to respond to in game events.
This makes it particularly well suited to those who are just starting out with trading. All things considered, I believe that bet trading is a skill. It is not a flash in the pan thing and if you take the correct approach, you can literally build your betting bank from next to nothing. This is no small feat.
This is something of a point of contention when it comes to making money online with a lot of products underrepresenting how much you have to do turn a profit. If you are looking for a consistent way to make money online then I believe that football trading on Betfair is one of the best approaches that you can take. It is not the easiest, however I also believe that it is something that pretty much anybody can do. Again, I particularly apply this when put next to horse racing, however I feel that it can be applied to a variety of other sports.
As I stated earlier, there are many nprofessional traders who do make a living trading the football markets on betfair, and if you are an avid reader of this website, then you will know that we have recently completed a review of the Daisho Trading System, offered by Tony Langley , and this is one guy who does know how to trade football. I cannot stress enough that trading is all about making small and frequent wins.
The beauty of trading as a method, when combined with this approach, is that you are in control. This is massively different to a lot of ways of making money online which require you to operate at a loss and rely on third party sources to make you money. Whether you are currently involved in football trading on Betfair or not, I think that this is a method that at the very least is worth a look. Especially if you are serious about making money online.
There are very few immediate negatives outside of having to put time and effort. You have to apply a lot of effort when making a profit with anything. The Mind of a Gambler. Advantage Play Secrets has been launched recently. The name Mike Cruickshank might not mean a lot to most people reading this. What they may well have heard of however is the culmination of his hard work and the name that remains from his first product, Bonus Bagging. I am referring of course to matched betting.
I think that it is fair to say that matched betting is arguably one of the most important developments from a punters point of view in the last decade. The almost zero risk betting approach made a lot of people a lot of money and Mike Cruickshank has continued in this vein for some time. It has been a while since Mike Cruickshank has released an entirely new product however, so it is with a fair amount of excitement that I sit down to look at Advantage Play Secrets.
This applies doubly so as I had heard some rather positive things on the grapevine about it. Truth be told, I think that whilst matched betting was an incredible thing, the bookies are getting savvier, more people are offering their take on it, more people are getting involved and the waters are slowly starting to muddy. With all of this in mind, I want to start to take a look at Advantage Play Secrets and whether or not it can deliver the same quality that I have come to expect from Mike Cruickshank.
Advantage Play Secrets is an entirely new product which brings together several different low risk betting strategies, each developed by Mike Cruickshank. Now I have to be upfront from the start. Using Advantage Play Secrets is not like matched betting products which you may be familiar with. What Mike has actually done here is packaged up 4 of his very lastest income generating products, and offered them as a membership.
For example, the main products in the Advantage Play Secrets product , he was offering to entice customers on another product recently, and I know for a fact that customers and new members came flocking, with the feedback on these new products being extremely positive. Therefore I suspect that this is the very reason that Mike has now decided to offer them as a package, and I cannot blame him for that.
This is what Mike Cruickshank himself claims the product contains:. By this I mean that there is a bit of work involved. Fortunately, there are a number of tools included with Advantage Play Secrets to help you. As an overall package, Advantage Play Secrets is made up of 4 different systems, each of which I will look at in detail in their own section.
What I can say now is that all 4 are actually very capable of working and ultimately making you a profit. Ultimately, you can expect very comprehensive training showing you live examples of how to bet using a given method. These are recorded by Mike Cruickshank and he talks you through the process, step by step, of what each betting strategy involves.
The whole thing has clearly been designed to be user friendly and I feel like Mike Cruickshank is to be commended for this. In fact, I was able to navigate round the members area with absolutely no problems and everything did what I expected it to do. The content that is contained within Advantage Play Secrets is concise and too the point whilst Mike Cruickshank is very informative and helpful in his videos. With this in mind, I will now look at each of the different systems that comprise Advantage Play Secrets.
This is recommended as the starting point of Advantage Play Secrets and I can definitely see why. First of all, the nature of the method behind The Golden Parachute Method is incredibly straight forward. At this point I feel the need to point out that I have been somewhat critical of most products which claim to use this as a basis for a service.
With The Golden Parachute Method however, you are not simply looking at odds and pricing movement based on a criteria of your own design. This is often the case with tipsters and frankly, it is the problem that I have with their methods. The method that The Golden Parachute Method employs is however steeped in a very logical, almost machine like process.
This means that it will work the same way every time and that is something that I always expect when looking at a betting product. Combine this with a piece of software which helps you to place your bets and calculate where your profits lie and there is little denying that this first element of Advantage Play Secrets is a winner.
Truthfully, I can see how if you lack discipline and start betting erratically there may be an increased risk. Even the software that you use in order to calculate everything is deceptively simple. Putting all of my cards on the table, I would go as far as to say with the exception of a very small handful of other betting methods, The Golden Parachute Method is one of the strongest beginners betting strategies I have ever looked at.
There are a number of reasons for this, and they are points I have raised before, but they bear repeating. These are ideal conditions for those at the beginning of their betting journey. As the name of this particular aspect of Advantage Play Secrets implies, this method is a dutching strategy.
Like The Golden Parachute Method, the focus here is very much on minimising risk whilst also maximising profit. Essentially you are looking for certain dutching opportunities to appear on a very specific betting market. The first thing that you have to do however is find a race. As with almost all aspects of Advantage Play Secrets, there is a full calculator which is included for use with The Dutching Bounty Method.
When you have found a race, the next thing that you need to do is to identify what the best possible stakes are. This may sound like an odd statement to make surely more is better right?
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The software is as good as any other on the market and far cheaper. Created by Gavin Porter - a fellow computer scientist with a financial market background - the software gives sports traders exactly what they need. ACT was first to offer Position in Queue. Gavin leads where others follow. For myself, the year has been a good one, with profitable algorithms developed. My new book, Betfair Trading Techniques , has proved popular.
You will not find any of my strategies in the book. All I give is a solid foundation on which to research your own algorithmic trading strategies, pointing out the well-worn tracks and showing new avenues that may prove more profitable.
I also provide a few tools to aid you in the search for edge. Some manual traders and their fan boys castigate me for writing as many as articles in the space of 6 years. How does an algo-trader find the time to write an article in 10 minutes, once every 12 days? Many of my detractors write many more articles in a single year and appear unable to leave off Twitter for as much as five minutes with their incessant babble.
How do manual traders make any profit at all if they are glued to a screen writing guff on Twitter all day long? Topics: algorithmic trading. Email This BlogThis! Newer Post Older Post Home. The product is provided entirely free of charge by Cymatic Ltd. This is managed with a complete user guide as well as an active forum that is at present, used by nearly users.
The product does not offer any investment return nor initial investment as it is primarily a different albeit more efficient way of utilising existing features on a website. The only real downside to the program is that it lacks a test mode. This means that for novice users especially, figuring out what is what will be carried out in a live environment which means real betting.
This can be overcome with minimal stake bets but none the less, it could prove costly in the long run. Looking at Advanced Cymatic Trader as a whole it is definitely a worthwhile product for those that already utilise Betfair and wish to increase their edge.
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