Is It Easy To Make Money On Betfair?


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Since the Betfair betting exchange arrived on the scene over a decade ago, it has grown year on year. At first the bookmakers tried to have this type of site closed down, when they failed in that, they then tried to get the government at the time to tax them out of existence. Of course that failed as well, and now betting exchanges are now part of the normal fabric of the betting market. It is not that long ago that the bookmakers embraced them, and now pour a lot of money into them. It is not unusual to see a race at 9:30pm at Wolverhampton on a Saturday turning over more than half a million.

Using Betfair is easy, and for those who have not tried it, then you are losing out on many prices that are better than SP, and in a lot of cases, even favourites can go off at prices showing a decent margin over SP. The only horses that fail to beat SP are usually those which are heavily odds on. Unlike the bookmakers, there are many ways to make money on Betfair due to the better odds. The most obvious is by doing win bets, but you can also lay horses to lose. Most people believe that finding a loser is easy, but when looking to profit from them, it is actually much harder. This is because lay betting must include the overbet, which is basically the difference between SP and the exchange odds.

Although professional gamblers will use a set of rules when selecting something to bet on, whether that be a horse or a football team, and use them to help make a decision. This is method betting in a systematic way, and so is basically a flexible system. When first looking to profit from betting, though, it is always a good idea to stick firmly to a set of rules. By doing this, it is easy to see where you are going wrong as you should be writing down every bet you do. This should include going, track, distance and race type, as well as the odds, and whether or not it won.

By doing this, after a few hundred bets, whether you have shown a profit or not, it is time to analyze the data. This may show that the system is useless when the ground is soft, and even worse for sprints. So, by excluding the really bad trends, you should be left with a decent one. This may show a profit, or if not, refine it some more. Most people tend to give up on systems too quickly looking for quick profits, rather than being in it for the long term and doing the research.

Below is a free horse racing system that profits over the long term when using Betfair. This is just something simple, many people tend to overcomplicate things. There are thousands of potential profitable systems that are based on only a few rules.

Rules:

AW Only
Tracks Southwell or Lingfield Only
Must be likely favourite
Distance 6f or less
Handicap Only

Results:

2010 +14 – 26% SR
2011 +3 – 29% SR
2012 +30 – 32% SR
2013 +36 – 36% SR
2014 +19 – 35% SR

Number of expected bets is 170-210 per year.

Of course you can also do trading on a betting exchange, and it is essential to use a tool that has an option so you are not using real money, such as Betangel Pro. As mentioned earlier with systems, people tend to jump from one thing to another with this kind of software, rather than keeping to something specific and making small adjustments until it becomes profitable.

Figuring out how to make money on Betfair is quite easy to be honest, you just need to put the work in and be patient.

How To Profit On Betfair

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.

Betfair Trading Software: Betangel Pro Review

With Betfair one of the UK’s major gambling portals these days,a lot of betfair trading software has come and gone over the years. One piece of betfair trading software that has stood the test of time is Betangel Pro.

I have used it on a daily basis for years, and is the choice of the majority of professional gamblers as it basically covers everything you can think of to do with betting whether it is simple win betting, trading, making a book, dutching, and much more.

The betfair trading software that is Betangel Pro now includes powerful stats for football and tennis trading and is worth the money for these alone. But the most powerful of all features is it’s connection to Excel. This makes the software endless to what it can do as you can use Excel along with VBA to program your own bot, and trust me, it is not complicated. You can also use the Excel connection just to pull live data out of the market so you can analyze it and look for an edge.

It may seem complicated but Betangel include a wide range of videos to compliment the PDF instructions, and you will find many other users have posted videos on Youtube to help you get the best out of the software. If you do not know how to program Excel/VBA you can always have a 3rd party on one of the freelance sites write it for you at a reasonable price.

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