Simple Betfair Trading Strategies You Must Try First
More and more punters, matched bettors and system-seekers are becoming interested in Betfair trading, and the strategies required to win…
There are simple Betfair trading strategies that can help them to do so successfully. Whether you want to scalp, swing trade or cross-market trade, exchanges provide a huge opportunity each day.
You don’t need any bookmakers either, because you’re betting against another human being…
Get a Betfair Exchange Account by Clicking Here.
When you trade a horse race or football match, you are essentially placing a bet, and then re-selling that bet at another price (pocketing the difference).
Cool right?
Betfair Trading Strategies:
Pre-race scalping: One key Betfair trading strategy you’ve got to employ is to watch a market before a horse race.
From here, you understand that market prices often move in small incremental milestones. Those small increments allow you to trade and make small profits quickly if you can make correct predictions of the price movement.
Profits may be small at the initial stage, but trust me, they build up as you progress.
Back to lay horse races: With this Betfair trading strategy, the tip is to identify horses that will exhibit a certain behaviour, especially the ones that will start fast.
As much as you can, back the horse pre-race as near to the off before laying it as soon as it picks up the race early. The price at that point decreases.
Swing trading: swing trading requires the movement of odds, but at a greater movement. That means you’ve got to study the markets. Understanding how the odds move gives you an insight into how you’re able to determine price movements and trade large swings in price.
Get the latest update on a trading team: Because there’s a lot of chance for price movements when a stronger or weaker team than expected is announced. It is not just enough to study the markets. Betfair trading strategy requires that you have at the tip of your finger clear knowledge of teams.
Back odds when at best price: it is a common strategy to always want to buy goods when the prices are low. It also applies here; if you’re in the Betfair trading market and the race you want to back is at a low price, back it at the best available price.
Use pictures: Because horses are animals, not machines, you can’t predict their behaviour during a race. That is why you have to use pictures because they will help you to initiate a trade as soon as you see the picture. Using the picture, you have a pre-knowledge of the horse before the racing and can measure whether or not the horse is going to run well if it has a strong form line.
There are heaps more things to understand, so check out the Betfair Beginners School Here.
Conclusion
When you go online, there is tons of information about Betfair trading strategies. Websites are awash with many tips, but you’ve got to understand how Betfair trading works before you jump at every tip thrown at you.
Next Read: Caan Berry — My Life as a Professional Betfair Trader.