Winning with Betfair

Betfair is a UK-based company, which since launching in 2000, has become the largest betting exchange in the world. It generates more than £100 every year with an average of £5 million transactions every day.

It provides person-to-person betting where people can place bets anonymously with each other on a range of markets from the mainstream betting events like football and horse racing to Big Brother.

Why should I use Betfair?

You can back and lay bets. This means that instead of trawling through the racing pages looking for that elusive winner you can profit from finding a horse that you think will lose. This allows users to effectively act as a bookie, and because they set the prices themselves and generally offer slightly higher prices to get their bet matched, backers benefit from the lower over rounds and on average get up to 20% better odds than traditional bookmakers.

You can choose your odds. If you're not happy with the current odds available, you can leave your preferred odds in the system and hope it gets matched.

Greater in-play opportunities. For example, traditional bookmakers often suspend betting usually with about 10 minutes to go in a football match, whereas Betfair offers betting right up to the final whistle. Also, prices change far quicker, as punters enter thousands of bets into the system at any one time. This also presents many trading opportunities (backing and laying to secure or lock-in a profit whatever the outcome, see below for more details) and brings live events to life.

The ability to trade in-running (this is how we and a lot of other people have made their fortunes, see the Financial Trading section for more details). This allows you to back and lay or vice versa to secure a profit (or limit losses if a bet's going against you). Let's take a simple example of a tennis match taking place at the time of writing between Wozniacki and Azarenka. Wozniacki is available to back at 1.09 and lay at 1.1. (Betfair uses decimal odds which although seem complicated at first is actually a lot easier when you get used to them, e.g. 1.1=1/10, 1.5=1/2, 2=Evens, 10=9/1, etc). We decide to lay Wozniacki at 1.1 for £100 (win £100 if she loses, lose £10 if she wins) because I think she might start slowly and possibly lose the first set. Let's say that she does indeed lose the first set. I see that Wozniacki can now be backed at 1.8. I do a quick bit of math and back her for £60 at 1.8 to lock in a profit. If Wozniacki wins, I will win £60 at odds of 1.8 = £48, minus the losing initial lay of £100 @ 1.1 = £10 = £38. If Azarenka goes on to win, I will win the initial bet of £100 that won, minus the losing bet of £60 = £40. Therefore I'm guaranteed either £38 or £40 profit (before Betfair's minimal expenses of between 2% and 5% of any profits you make, note you only pay commission on net winnings from an event, if you lose you don't pay any fees).

Extra choice of events and markets. Betfair have numerous markets in many different areas, including such diverse sports as Bandy and Handball, and events such as American Idol and Big Brother. I know for a fact that there are many people who watch hours and hours of Big Brother in order to give themselves an edge and enable them to make many thousands of pounds profit from this market alone.

Winners are welcomed. You don't have to worry about Betfair closing your account if you have a few winners like a traditional bookmaker because Betfair makes commissions from the profits that their users make so they have no reason to.

Top-notch security. Betfair uses the very best security and data encryption methods, so any information that is kept is secure.

The main attraction to Betfair Trading is the ability to guarantee a profit on an event regardless of the outcome. This means that no matter who wins the event, you can generate a profit.

To do this, you will either have to back odds then lay them for lower or lay and then back at a higher price to guarantee a profit. The main principal here is to "Back High and Lay Low". It doesn't matter which one you do first.

There are two ways to generate a profit. One method is to guarantee a Free Bet on Betfair and the other is to guarantee a Profit (also known as equalizing a profit).

Betfair Trading can be very rewarding but it is not easy. There are a variety of different markets to trade but perhaps the most popular is Horse Racing as there are plenty of races every day. We trade Horse Racing markets frequently and it requires patience, discipline and a good trading strategy. This type of Betfair Trading is very fast-paced and very enjoyable, if you can do it right. 

Some of the most successful Betfair Trading experts claim to earn around $1000 per week from trading, but it requires stakes of up to $1000 for each trade. This means that if you wanted to make $1000 every week, you'd need to have around $1000 to begin with.

To learn more about Betfair trading, check out the Betfair In Action! The Winning Techniques Every Punter Must Know. The Price is only $17.95 and the money is well spent.

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