WHAT IS SPORTS TRADING AND HOW TO START EARNING FROM IT? 

WHAT IS SPORTS TRADING ON BETFAIR?  Betfair is a betting exchange where anyone may purchase and sell bets on sports events. When you trade on Betfair, you are betting against another human being, not a bookmaker, as you probably did before. 

HOW DOES SPORTS TRADING WORK?  In a simple way. Trading is possible thanks to the possibility to place back or lay bets on the Betfair Exchange. The main aim is to back at a high price, lay at a low price. You may build a ‘greenbook’ by making a bet at a favourable price and then trading out of it as the price falls. A greenbook is a bet in which you have a guaranteed profit regardless of the outcome. 

HOW MUCH CAN YOU MAKE WITH TRADING ON BETFAIR?  Although the money you will make per every trade will be small, you will strengthen your budget and start making more profit if you perform the process often enough. It all depends on your initial budget, of course, and depending on your chosen strategy, you may need a special calculator. 

TERMS YOU NEED TO KNOW BEFORE YOU START Back bet – Placing a bet for an outcome to happen. Lay bet – Placing a bet for an outcome not to happen. Liquidity – This is an indicator on a Betting Exchange which shows how much money has been matched at any given time. Green Up – Closing all open bets to lock in a guaranteed profit. Red Up - Closing all open bets to lock in a guaranteed loss. 

LET’S START THE MONEYMAKING ADVENTURE! 

STEP 1. CREATE AN ACCOUNT  Before we dive in, we need to create an account on the Betfair site. To do this, simply follow this link and go through the registration process, filling in your basic details. 

STEP 2. FIND TOO HIGH OR TOO LOW ODDS  To make money on Betfair, we need to effectively evaluate the odds and their relation to the probability of an event. In practice, this means identifying the odds that we think are too low and will go up or are too high and will go down. 

STEP 3. EXPECT THE ODDS TO CHANGE  When we have found a market with undervalued or overvalued odds and taken it, we must wait for that price to change.  It can happen as a result of several factors: people will realize that the odds are wrong and start buying them, causing them to go up or down; something will happen during the match that will affect the odds – the coach will announce the line-up, a goal will be scored, someone gets a yellow or red card; these potential factors are extensive.  Therefore, it is important to follow the odds fluctuations as often as possible. 

STEP 4. THE ODDS HAVE CHANGED. WE PLAY THE OPPOSITE BET!  When we have bought the odds, and they have changed in the direction we want, we have the opportunity to make some money, and this allows us to play the opposite bet.  To put it simply – if you have played BACK, you have to counter with a LAY bet at a lower price; if you have played LAY, you counter with a BACK bet at a higher price. That’s the whole secret for success in sports trading on the Betfair Exchange for beginners.  The bigger the difference between the initial odds and the odds at which you counter-bet, the bigger your profit is. 

CONGRATULATIONS! To read the full guide please follow this link. 

WAIT, WAIT, WAIT! IT’S STILL BE QUITE HARD. IS THERE ANY SOFTWARE? Yes, it is! Moreover, here is the list of the Best trading software according to TheTrader.bet: 1. Geek’s toy 2. Gruss Betting Assistant 3. Bet Angel You can read our overview of these tools on this page. 

TIPS FROM THE EXPERT  First and foremost, focus on a particular sports market.  Create a long-term strategy.  Manage your budget properly.  Learn the differences between the exchanges and bookmakers 

USEFUL GUIDES ABOUT SPORTS TRADING 1. Lay and Back betting for dummies 2. In-depth guide on how to make money on Betfair for newbies 3. 5 Best betting exchanges to pick 4. 15 Profitable strategies to start earning from sports trading 5. Useful software at TheTrader.bet 6. Welcome bonuses for the new players 

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