Make Money Online With Betfair Trading
Let us start off by saying that trading on sports and games is not gambling! Yes, it is a bold statement, but just like trading on the stock exchange market really isn't considered to be gambling in the public eye - trading on sports and games shouldn't be either.
In fact, the same basic principle of "buying low" and "selling high" applies to the business in both markets.
Essentially, it is all about making a huge amount of money within a certain timeframe, regardless if this has to do with trading a company stock - or a simple football game! Betfair is the largest exchange platform in the world for trading on sports and games, so in order to get started in this exciting business, you will have to sign up for a free account here.
Betfair is totally driven by its own members who trade in a vast range of markets by setting up their own prices and odds for a specific event.
Sounds confusing? Well, it really isn't so keep on reading.
If you, for example, were to visit a traditional sports betting site and place a wager on a team to win a specific football match - you will either win or lose that bet when the match has ended.
Not only that, but most likely you would have to accept the odds set by the bookmaker site in beforehand in order to be able to place a bet at all.
Quite frankly, we would consider this to be gambling, no matter how good you were at predicting the outcome of the game in advance.
Following this example, a successful trade on Betfair would instead be when you would make a nice profit in the same football match as described above - no matter if your team won, lost or tied the game! This is Betfair trading in its essence - to make a profit no matter what the outcome of the event is - you will still make money! Betfair trading is all made possible by the fact that any member, at any time, can post new odds during the course of the event, which you can either accept or deny - or present your own offer.
So how can a successful trade be made? We will discuss numerous in-depth Betfair strategies and Betfair trading methods in later articles, but for now we would like to keep it really simple just so you can a grip of how it can work.
Let's say you're placing a bet on a tie between two football teams, for instance Newcastle vs Arsenal, and that the odds being offered at kick off is 3.
85 if the game actually ends in a tie.
At kick off you place a bet at 3.
85 for the tie to happen.
This is called "backing" in Betfair terms, which simply means that you are backing, or "betting for", the tie as the end result of the game, whether it's 0-0, 1-1, 2-2 etc.
If you do nothing with your placed bet during the course of the game, you will of course win your wager times 3.
85.
As the game progress, the odds may go up and down, depending on if a goal is scored or not and which team scores it first - along with several other factors.
So keeping your tie bet until the end of the game may be risky.
For the sake of argument, let's just say that the score is still 0-0 a bit into the second half.
The odds for the tie result will now most likely have dropped substantially, perhaps down to 1.
85.
You will now have the option of "trading" out from the match by "laying" (betting against) the tie result.
By placing a smaller lay bet on the tie, you can now secure an equal profit regardless if one of the teams scores and wins the match in the remainder of the game! As you can see, this is a very simple and basic example, but it describes the foundation of trading - to make money whatever the outcome of an event is.
Pro Betfair traders will use very advanced trading techniques like odds scalping for instance - but there is really no need for you to wait in order to start trading small and grow with experience to make money online.
All you need is a Betfair account!
In fact, the same basic principle of "buying low" and "selling high" applies to the business in both markets.
Essentially, it is all about making a huge amount of money within a certain timeframe, regardless if this has to do with trading a company stock - or a simple football game! Betfair is the largest exchange platform in the world for trading on sports and games, so in order to get started in this exciting business, you will have to sign up for a free account here.
Betfair is totally driven by its own members who trade in a vast range of markets by setting up their own prices and odds for a specific event.
Sounds confusing? Well, it really isn't so keep on reading.
If you, for example, were to visit a traditional sports betting site and place a wager on a team to win a specific football match - you will either win or lose that bet when the match has ended.
Not only that, but most likely you would have to accept the odds set by the bookmaker site in beforehand in order to be able to place a bet at all.
Quite frankly, we would consider this to be gambling, no matter how good you were at predicting the outcome of the game in advance.
Following this example, a successful trade on Betfair would instead be when you would make a nice profit in the same football match as described above - no matter if your team won, lost or tied the game! This is Betfair trading in its essence - to make a profit no matter what the outcome of the event is - you will still make money! Betfair trading is all made possible by the fact that any member, at any time, can post new odds during the course of the event, which you can either accept or deny - or present your own offer.
So how can a successful trade be made? We will discuss numerous in-depth Betfair strategies and Betfair trading methods in later articles, but for now we would like to keep it really simple just so you can a grip of how it can work.
Let's say you're placing a bet on a tie between two football teams, for instance Newcastle vs Arsenal, and that the odds being offered at kick off is 3.
85 if the game actually ends in a tie.
At kick off you place a bet at 3.
85 for the tie to happen.
This is called "backing" in Betfair terms, which simply means that you are backing, or "betting for", the tie as the end result of the game, whether it's 0-0, 1-1, 2-2 etc.
If you do nothing with your placed bet during the course of the game, you will of course win your wager times 3.
85.
As the game progress, the odds may go up and down, depending on if a goal is scored or not and which team scores it first - along with several other factors.
So keeping your tie bet until the end of the game may be risky.
For the sake of argument, let's just say that the score is still 0-0 a bit into the second half.
The odds for the tie result will now most likely have dropped substantially, perhaps down to 1.
85.
You will now have the option of "trading" out from the match by "laying" (betting against) the tie result.
By placing a smaller lay bet on the tie, you can now secure an equal profit regardless if one of the teams scores and wins the match in the remainder of the game! As you can see, this is a very simple and basic example, but it describes the foundation of trading - to make money whatever the outcome of an event is.
Pro Betfair traders will use very advanced trading techniques like odds scalping for instance - but there is really no need for you to wait in order to start trading small and grow with experience to make money online.
All you need is a Betfair account!
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