Making money from Betfair or any any betting exchange is tough. I am sure many people dream of trading on Betfair for a living.
Can it be done?
Here are 5 Betfair trading strategies from 5 successful sports traders.
Steve Howe – Pre Race Swing Trading
Steve Howe is the owner of the educational sports trading blog itsamugsblog. Focusing on trading the horse racing markets itsamugsblog provides some of the best free sports trading advice available on the internet.
Steve’s specialty is swing trading the horse racing markets on Betfair. Swing trading involves looking for larger movements in odds before the start of a race. The aim is to lay a selection and back it at higher odds or to back a selection and lay it at lower odds.
Trading in this way allows you to hedge your bet across all outcomes and secure a guaranteed profit no matter the outcome.
Countless examples of Steve Howe swing trading the horse markets profitably can be found on his youtube page.
If you can master pre race swing trading the horse racing markets then there are multiple opportunities everyday to make money.
Psychoff – Football Trading Late Goals
When I first started trading on Betfair I heard the name Psychoff a few times. He was almost like some mystical figure that came made a tonne of money football trading and then disappeared. Leaving behind a video showing how he made $202,257 in 3 months.
Well Psychoff eventually reemerged and so did his apparent ability to make large sums of money football trading.
One awesome thing about Psychoff is he gives out trading advice on twitter from time to time. Although Psychoff uses a variety of trading strategies.
On twitter the tips that he usually gives out are to lay the correct score or back the overs market in football. Usually quite late on in the second half.
If you have followed Psychoff on twitter then you will know he has an uncanny ability to predict when a goal is coming.
So there is sports trading strategy number two.
Keep on the lookout for those late goals.
Paulo Rebelo – Contrarian Betting
Contrarian betting is when you looks to wager against the crowd. It is a concept that has been around for a long time.
The general theory is that the majority of the public like to follow the crowd. In betting the behaviour is no different and this can lead to certain situations where opposing the crowd can be profitable.
Now Paulo Rebelo is a renowned football trader on Betfair using a variety of different trading methods. He didn’t invent contrarian betting however fairly recently he showed an excellent example of finding value from this method.
Winning a sum of 167,225 Euros by backing under 0.5 goals at half time in the Crystal Palace vs Man City game. This was at a time when Man City had been beating every side in front of them. Going without a goal less draw for 8 months before they met Crystal Palace.
Reading the English translation of Paulo Rebelo’s breakdown. Which you can read here.
Its seems that Rebelo believed that at half time odds of 7.4 for the game to finish 0-0 offered lots of value. Based on what he had seen in the first half. He knew that these odds would have to move quickly and felt that the confidence in Crystal Palace players would increase as time went on.
This is an excellent example of when it is profitable to go against the crowd and take a contrarian betting stance.
Caan Berry – Front Runners In Horse Racing
Caan Berry is a renowned horse racing trading. Using a variety of different Betfair trading strategies to profit from the horse racing markets.
One of the simpler strategies that Caan Berry uses is to identify strong front runners in a race and look to profit from them taking a prominent position early on in a race.
There is an excellent article based around the back to lay front runners betfair trading strategy on Caan’s site.
Looking to trade front runners in the horse racing markets is a great beginners strategy. Given that it is fairly straight forward method.
If you are looking to start profiting from the horse racing markets then this could be a great strategy to look at.
Ryan Bruno – Pre Match Trading
“Wait a minute, your putting yourself among these world class Betfair Traders?”
“What a f****** ego maniac”
Is what you might be thinking.
So yeah I am not at the level of any of the above.
However if you do read my £50k in a year betting and trading challenge. Then you’ll know that I do actually make a profit from my trading. Which in turn I suppose makes me a successful sports trader.
That’s right f*** you buddy.
Yeah anyway Betfair trading strategy number five.
My personal favourite pre-match trading.
The simplest way to pre match trade the football markets is by reacting to team news. It doesn’t require a tonne of skill. All you need is knowledge of the teams that are playing and some patience.
Cup games are often an excellent opportunity for pre match trading. As the market is often unsure of the first eleven that is going to be fielded. This is because some managers use cup games as an opportunity to rest key players or give youth players a shot.
In the above example Chelsea were due to play Newcastle at home in the FA cup. There were priced at 1.41 before the announcement of the first eleven. A quick look at oddsportal historical data shows me that Chelsea were priced much lower then 1.41 when playing at home to teams of similar ability to Newcastle.
This tells me along with experience that should a strong Chelsea side be named then the odds on Chelsea would shorten. Chelsea did name a strong side so I backed them as quickly as possible at 1.41 and layed them once they had reached 1.34.
This enabled me to secure a guaranteed profit of £52.31
If you can learn pre match trading then it is a great low risk strategy to profit from.
There you have it 5 Betfair Trading Strategies – From Five Successful Sports Traders.
If you are looking to make a profit from your sports trading then these methods may provide some value.
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