Bet Trader: Betting Software Review!
What is Bet Trader? Why you should you use it? Is it worth trying?
In this article, we’ll discuss everything you need to know about the Racing Traders software application (for Betfair).
What is Bet Trader for Betfair?
Bet Trader is a betting and trading software that assists the traders in their activity.
Betfair Trading is Explained in Full Here [click now].
A one of the very first trading applications it as created by Racing Traders, a trading company mainly headquartered in Wales and England. Adam Todd founded the application, being a profitable trader himself, he wanted to help others in his footsteps...
Bet Trader was one of the first of its kind. Offering multi-column ladders before anyone else!
It also allows a selection of other functions that help users to bet on various Betfair markets through the use of one click.
Some wouldn’t like you to know it, because there are numerous other vendors on the internet that feature the same thing. But actually, the truth is, this idea came to the Racing Traders first while others are just following their footsteps.
By linking directly through their API (Application Programming Interface), Bet Trader connects with various Betfair servers. The Ladder interface was the original reason it gained a lot of popularity among people in just a few years. This software fulfils all the Betfair requirements fluently, whether the user is an experienced trader or not.
Who uses Bet Trader?
Bet Trader has become a very important betting platform for both Betfair users and traders because either it is a case of quick betting or simply analysing the other bettors’ activities.
Regardless of the condition, if you are a newbie or some expert trader, selecting a reliable software or simply hopping on a new one can be really confusing. Therefore, we will discuss the specifications, pricing and the videos related to Bet Trader.
First of all:
· Bet Trader features
· Pricing
Bet Trader specifications
This provider has a lot of unique features. Here they are:
• Quick price refreshes
• One-click betting
• The ladder Interface
• Practice mode
• Live streaming
Quick price refreshes
At Bet Trader application you will be able to respond quickly to the current price. The reason is, the application updates the prices at the rate of 200 milliseconds as compared to its website, Betfair.com, where prices refresh between every 1 and 15 seconds
One-click betting
At Bet Trader you can submit your bets merely by clicking once. The faster you bet here, the more you catch those important opportunities.
The ladder Interface
This display is like the stairs moving in ascending and descending order. You will see the bids and offers moving rapidly up and down, by which, you will not only be able to observe other betters in action but will also understand when, how and the amount of bet you have to lay at the moment.
Following are the features you will find in it:
• The prices moving up and down
• The increase and decrease in price as it moves.
• Instant bet submission
• One click
• Right-click to stop loss
• The record of traded volumes and amounts.
We have attached a screenshot along with the instructions that explain how to use a ladder interface, in case, if it is something new to you or you forgot something in the process.
Practice mode
In this section, you can test Bet Trader without spending any money. By this, you will not only be able to check the performance of this software but also you can learn the art of betting here without a hitch, in case if you are new to the field.
Live Streaming
At Bet Trader you will see the live streaming of various bids and offers, moving up and down. By this it becomes easy for you to make decisions otherwise Betfair is a risky and a complex play where if winning is possible, so is losing.
Various Tools and Automation
This server offers additional tools other than its already existing features that enhance your performance even more. Definitely! You’ll want to know them too, so here they are:
• Trailing-stop tool
• Tick Offset
• Fill or Kill
• Order cancellation
• Stop Entry
Trailing-stop tool
Sometimes the situation in the market is not in your favour, due to which, you begin to hesitate in taking another step. Actually, you get scared, what if there is another loss. That’s why Bet Trader has an in-built tool called trailing-stop. Activating it will allow you to follow the market prices moving up and down and enter and leave the market when the prices are moving in your desired direction.
Tick Offset
This tool allows you to enter numerous ticks while giving you a facility to earn profit you would like from your trade. It automatically enters your counter-trades for you, as soon as your bet matches.
Fill or Kill
You can set the timing of an unmatched bet remains as an unmatched bet, before it is cancelled.
Order cancellation
This tool is also known as OCO (Order cancel order) and is used to link two or more unmatched bets to compare them, so that when one of the bets is matched then the other unmatched one could be dismissed.
Stop Entry
In Bet Trader you also get the facility to stop entry which allows you to place back or lay bets.. Back bets are actually the type of bets where you place a sports stake on a particular amount. On this display, you will find the odds marked in blue. In lay betting, you place a bet against a specific amount. In simple words, you hold the position of a bookmaker. So in case, if you are not satisfied with the amount of odds offered, you can offer bet to other users, which will allow you to decide the amount of odds you desire.
If you are still confused then visit the embedded link above and your doubts will be cleared.
Pricing
By looking at so many features, you might be thinking of Bet Trader as very expensive software.
But surprisingly, No!
The payment plans of Bet Trader are shared below:
• Basic Plan: This plan is absolutely free. Though it works comparatively slower but can satisfy your needs. In this plan, all the features accept the Slow Price refresh and the grid mode are disabled.
• Monthly Plan: In this plan, you have to pay £9.99 per month and get all the features of Bet Trader.
- Yearly Plan: This plan will cost you £99 so in short, you have to pay £8.25 per month. Like the monthly plan, this one also offers you all the features of Bet Trader.
See the official Bet Trader website here (by Racing Traders)