Make money on betfair exchange games

For years I have been obsessed with trying to make money trading on Betfair. And like any overly optimistic sucker, I have spent an enormous amount of time and money researching and looking into different systems. The closest I ever got to making it work was when I entered a trading on Betfair competition. Everyone started with the same amount of money, and the person who made the most during a one month period would win.

I had found a way to consistently and safely make money out of betting on horse racing. Except I was never able to scale up my strategies enough to make it worth the time and stress. Despite spending a lot more time and investing in a lot of technology, I eventually gave up and returned to the much easier matched betting. Betfair is a betting exchange. A marketplace where punters go to buy and sell bets on sporting events.

There is no bookie, when you trade on Betfair you are betting against another human being. This means that Betfair becomes just another marketplace. Locking in a profit before the event has even occurred.

If people can make money trading on the highly regulated financial markets against professional traders with millions invested in the best tech, surely it should be much easier to make money trading on Betfair against regular punters? The competition was posted on one of my favourite forums. The Gambling Times, which has since unfortunately closed down. I interviewed the founder in this post. There are a total of five top cash prizes for the five traders who make the most profit during the month.

I, along with 47 other people, signed up. I would watch the highly volatile horse racing markets, where the odds move all the time, and try to place hundreds of small trades, making a few pence each time, but also not risking very much on each bet. All that information relates to just one single horse race.

It looks so incredibly complicated because the software is throwing all the information it can at you. It gives me an edge. Everyone else just has the information from that first Betfair screenshot. Simple, no indicator of market depth, or historical performance and with a torturous 3-second delay on market data. Using a piece a software like The Geeks Toy , I should be well ahead of the regular punters.

I actually used Bet Trader , which as far as I can tell is exactly the same just more expensive. Scalping is basically just guessing what is going to happen in the next few seconds. To make those guesses educated, I would look for indicators, clues, on which way the price would move. Here are some of my indicators:. But the downside is that scraping one tick a time would also earn almost nothing.

I was betting on horse racing in the 30 minutes before the race started. Following my scalping strategy, I would place bets per race. Which is easier said than done. I kept holding on and hoping the odds would move again giving me a profit, sometimes it did, sometimes it just got worse.

Eventually, I set myself a few rules: If I have an open position and there is one positive signal then I try and exit one tick out. If there are no or negative signals then I exit at the current price. I also decided to stop trading around the 4 minutes to the off. By week three I was in profit.

Online Casino - Online Casino Real Money, Casino Games Online

The bet size was too low and even though I was earning money most races, it was hardly anything. I was occasionally still seeing the red mist descend but was now confident that I could make money with a larger bet size.

I decided that I was finally ready to start scaling up for the final ten days. Here are the profit and loss statements for each race in my final week click the image to enlarge. Considering each race involved different trades, by this point I was pretty confident with my abilities.

With a total of markets traded on all horse racing. I averaged 42p a race, although that shows marked improvement. Of the 48 people who started the competition, only nine ended up in profit.

Making money on betfair the safe way

I am Grandthrax in the screenshot below. Of those nine who ended in profit, not a single one was able to turn their success into a career in trading on Betfair. After the challenge, I initially just tried scaling up my bet-size.

The larger bet sizes spooked the market too much. Then I tried writing computer programs to place the small size scalping bets automatically on lots of different markets. Over the years I kept returning to trading on Betfair. Each time with a new idea and trying to make it work. And would love to hear from anyone who has made it work?

I think the logic is sound that it should be possible to make money. I believe I have shown that it can be done, even if only on a small scale.

But I am yet to work out how to scale that up or automate it. Has any of my readers been able to make it work more than earning a few pennies a race? Is anyone looking into it? I have, but my thoughts are that Betfair should be an easier version of the financial markets. This guy has info on programming your own Betfair algorithms and has even written a few books on the subject: It seems to be the only way to make consistent profit on Betfair these days.

As an added benefit you would learn some pretty handy programming skills, which you can use on much more than that. Been trading betfair for a while now since Xmas, best product I found was this: My profits are increasing as well and trying to build my bank higher so my stakes can increase.

How much are you now earning per hour? Hi im customer as well, its toff start for me, how do you pick your races, im practicin and hopping it will work out…. Personally I have always found scalping very tough in the horse racing markets. It takes a lot of experience and very fast reaction times to do it well.

I much prefer taking a longer term style swing trading approach. You can manage your risk versus reward better and take a bit more time between trades. Trading the odds of a football match before the kick off is my personal preference. If you can react to new pieces of information breaking before the majority of the market.

There is often very good profits to made with relatively low risk. Just a quick word on trading. There is a very dangerous individual called Caan Berry that is conning people into paying out money for trading tools and investment pots. He is not a full time Betfair trader but a marketing man who uses a fake persona to sell his goods.

Please look at Scaamberry on twitter to see how he has been fully exposed. If it saves people from following a fraud like Caan Berry it will give me great satisfaction. Skip to content The Arbing Blog. My Experience Trying To Make Money Trading On Betfair Posted on March 26, by Sam Priestley. What Is Trading On Betfair? The Gambling Times Trading Competition The competition was posted on one of my favourite forums.

Here are some of my indicators: If there is a lot of money waiting to be matched on one side, but hardly any on the other, it could imply there is more of a desire for one side of the bet and prices will soon move.

If prices start moving and I notice quickly, they often keep moving as punters try and jump on a good thing.

Learn How To Make Money Online With Ways To Make Money Online

Gaps in the market. If there is space between the back and lay I can sometimes place both sides of the bet in the gap this is called market making in the financial markets. Watching out for big orders. Sometimes large bettors will ease their money into the market to try and stop the market moving. If I notice a lot of money starting to appear on one side, it could imply that there is a lot more to come, which will move the market.

Sport Trader - Sport Systems - Trading on Betfair

Price movement on the other horses. The way that the market works, is that if one horse becomes more likely to win, another must become less likely. But the market can be slow to keep up. By watched what other horses were doing I could predict price changes on the one I was betting on. If I got it wrong I would trade out immediately well that was the plan. I rose my bet-size gradually. Facebook Twitter Reddit Google LinkedIn Pocket.

Do you mind, how much did you invest initially apart from the product cost. Subscribe to The Arbing newsletter to receive exclusive content, free tips, great deals, and much more.

My name is Sam Priestley and I spend my time trying to start new businesses, learning skills and travelling the world. I write about it all here.

Matched Betting — Risk Free, Tax Free Profit How To Start An Amazon FBA Business The Best Sports Arbing Software Step-By-Step Guide to Creating and Selling a Physical… How To Find The Best Products To Sell On Amazon Retail Arbitrage — Flipping Products With Amazon FBA Daily Ideas — Turn Yourself Into An Ideas Machine How to Make Money Buying and Selling Cars How to Make Money From Online Casino Bonuses Spectacularly Failing to Become an Expert in a Year.