On betting exchanges, players do not bet against the bookmaker, but against each other. Betting exchanges act as an intermediary, taking a commission percentage for their intermediation.
4.1. Betfair
Betfair is the most famous and successful betting exchange.
The biggest event in the history of the betting exchange took place in September 2012 when Andy Murray defeated Novak Djokovic for his first title in the tournament " Grand Slam”, shortly after winning the Olympics, more than 60 million pounds were wagered.
A distinctive feature of Betfair is the good liquidity of the markets and their large selection. In addition, unlike other betting exchanges, Betfair is also a bookmaker.
4.2. Benefits and features of betting exchanges
Betting exchanges have a number of important differences.
Value of bets
In bookmakers, each player plays against the bookmaker. On the betting exchange, as already noted, the players oppose each other. They are not limited in the choice of odds for a particular bet and are not constrained by the bookmaker's margin.
Unlimited bet sizes
On the betting exchange, the amounts that players bet are not limited, while bookmakers have limits on the maximum bet. 
reinsurance
Each player, making a bet on the exchange, can be reinsured and guaranteed to receive a win. Unless, of course, the situation will develop in his favor. For example, you bet 1 thousand rubles on the victory of Spartak with a coefficient of 2.00 before the start of the match. Spartak scored the ball and took the lead 1:0. You can call back your bet at odds of 1.33. This means that if Spartak wins, you will still remain in profit (here it will be 670 rubles), and if he does not win, you will not lose anything.
In-match bets
On betting exchanges, you can also bet on an event in real time. Only, unlike bookmakers, here again there will be no margin, and the odds will be higher. Although bookmakers in recent times try to raise their live odds, they still remain lower than at Betfair. 
Reverse odds of lay bets
This is one of the features of the betting exchange. With normal market liquidity, the odds of a back bet (say, for Spartak to win a match) will not differ much from the odds of the corresponding lay bet (Spartak will not win). But this is illogical, you say! The fact is that for the “lay” bet, an inverse coefficient is shown. To translate it into a straight line, use the following formula k / (k-1).
For example, they give 3.00 for the victory of Spartak, and 3.02 for a bet against his victory. We translate the inverse coefficient into a direct one according to the formula: 3.02 / (3.02-1) \u003d 3.02 / 2.02 \u003d 1.49.
4.3. Disadvantages of a betting exchange
There are betting exchanges and disadvantages.
No limits
Yes, this can be considered as a disadvantage. Although the player can set himself limits on the size of deposits and bets, many people continue to play for high stakes. This is especially true for those who have not lost before. large sums. So the lack of limits has and back side. By betting a lot, you can win a lot.
But defeat in this case will be very painful.
Commissions and taxes
The winning commission for new players is usually at least 5% of the winnings. On the one hand, this is not very much. But, on the other hand, if you plan to play for a long time and successfully, then this amount will subsequently make itself felt. Moreover, very successful players are often subject to a "super tax", which can be as high as 70%.
Low liquidity
It will be very difficult for you to bet on a lot of uninteresting events. As a result, you will have to play with robots or even betting exchange employees. Moreover, you can do this only shortly before the start of a sporting event. Thus, it will be very difficult to conclude a deal that is profitable for you and bet on an acceptable coefficient.
Ideal Market
Many professional players often find loopholes and mistakes in bookmakers that can bring them profit. Currently, on the same Betfair, the number of such errors is minimized. And it is almost impossible to make a profit due to the inattention of your opponent.
Dependency on rates
If you play on the betting exchange, then at one point you may realize that it is already very difficult for you to stop. Fixed bets, sales, purchases, and hedging can take a toll on you. The betting exchange will turn into a slot machine for you, a complex "one-armed bandit". This is especially true for beginner players.
4.4. Conclusion
Betting exchanges (mainly Betfair, the largest among them) have seriously changed the world of sports betting. A low margin has been set, which bookmakers are trying to focus on. Exchanges have contributed to the emergence of a whole generation of successful players.
But it is unlikely that a beginner will be able to find his regular profit here. Still, you need to understand that he will have to bet against betting sharks. Nevertheless, if you bet 500-1000 rubles, then you may well have an exciting and often profitable hobby.
Today there is a large number of investment options Money. Profitable investments can save and increase money and become a kind of insurance in case of economic shocks. Payment terminals help bring profit to owners and landlords. Indoor advertising on digital media is an opportunity high income for the franchise owner and an effective platform for the advertiser.Investing in payment terminals is:
- 15% average yield;
- 3 years return on investment.
Sports betting or gambling? Betting vs trading
Which type of earnings is more promising: betting or trading? Consider the pros and cons of two popular options for making a profit on the Internet: stock trading and sports sweepstakes. What opportunities does either method open up, what risks are associated with it, and what profit can it bring in the future? Read about it in our article.
Opportunities to play on the stock exchange and sports betting
Types of sports betting
There are quite a few varieties of sports betting, but they all fall into three categories – simple singles, simple multiples and complex multiples. Among simple bets, there are: single (single bet), handicap, handicap with a purchase, Asian handicap, time match, total. Multiple bets - express and system - are different combinations single bets. Complex multiple bets are different combinations base rates, among them: trixie, painter, yanks, varnishes 15, etc.
Types of exchange trading
Exchange trading (trading) is the implementation of trading operations for the purpose of making a profit, in which the intermediary is an exchange, or rather, an Internet broker. Today, there are three types of exchange markets:
- Commodity market - trading in various commodity and energy futures (grain, metals, gas, oil, etc.);
- Stock and Bond Market - Trading securities various large companies;
- Currency trading is divided into two types: options trading and the over-the-counter Forex currency market.
Profitability
Earnings on sports betting
Betting is not pure form excitement, since in this area there are certain strategies for earning money based on analytics and forecasts. Earnings on sports betting has long been professional occupation where bettors get real money. However, this requires betting in the long term, and not from time to time: this way you can develop an effective strategy that will bring a relatively stable income of about $300-$500 per month. In betting, there is a fairly high probability of a quick win, when you can get 500-600 dollars for one event, but with the same probability you can lose this money.
Earnings on the stock exchange
The same is true for making money on the stock exchange: only long-term, systematic work and a proven strategy will bring results. Of course, relatively quick enrichment is possible: the forex community is well aware of the stories of Russian and Western millionaires who earned their capital exclusively on currency trading. However, statistics show that only one out of 10 novice traders ends up with a profit. The average earnings of a successful forex trader is 10-15% per month (percentage of the deposit). Accordingly, the larger the deposit, the greater the profit. For example, with a deposit of $12,000, the monthly profit could be around $1,000.
Terms and rules of the game
Sports betting
In betting, the player uses the services of intermediaries - bookmakers, which are often compared with stock exchanges, but such a comparison is not entirely justified. The main task of the bookmaker is to correctly assess the chances of the outcome of any event and set such odds at which the office is more likely to remain in the black. In this case, combinatorics, probability theory and statistics are used. Betting is good because it can break big score on just one event and get a win immediately, and the bettor chooses the size of the bet independently: it can be arbitrarily large and arbitrarily small.
Important
In betting, as in exchange trading, one should study the essence of the process to the smallest detail, have up-to-date information and analytics, and be able to develop own strategy or focus on successful bettors.
Exchange trading
Almost all of the above is also true for trading on the stock exchange, which is an intermediary in trading. In the Forex market, these will be brokers. True, they do not need to develop a strategy for their enrichment: brokers earn by receiving a percentage of transactions carried out through them. Trading on the stock exchange differs from betting also in that it makes no sense for a trader to immediately withdraw the profit from his account, because the more capital, the more income is brought by operations with it. Therefore, trading on the stock exchange is a longer-term option for earning money.
Entrance capital
Minimum sports bet
In the best Western bookmakers minimum bid is 0.5-1 dollar, in Russian - about 15-30 rubles. There are also bets of 0.01 dollars and 0.01 euros. In online bookmakers, there is also a minimum deposit, its average size is 10-20 dollars.
The minimum price of a lot of exchange trading
1 lot in Forex is equal to 100,000 units of the base currency. For example, if the deposit currency is the dollar and you want to buy 100,000 euros (1 lot), then at an exchange rate of 1.3 dollars for 1 euro, you will need to pay 130,000 dollars. The minimum trade amount is usually 0.1 lot. Accordingly, to open a deal for 0.1 lot, $13,000 will be required. However, it is possible to speculate with such amounts with a much smaller deposit due to “leverage”. Leverage is a "credit" issued by a broker to a trader for trading, it varies in scale: 1:50, 1:100, 1:200, 1:500 and 1:1000. For example, if you take a leverage of 1:1000, this means that with your own deposit of $100, you will be able to buy currency worth $100,000. As a result, the risks increase proportionately. However, the broker will not let you lose leverage, and as soon as your loss equals your own funds, the broker will take his loan. Thus, the entry threshold to the foreign exchange market depends on the specific broker, but usually varies between 100-1000 dollars.
Process Automation
betting
In betting there is a special software, which calculates optimal strategies and makes bets automatically. Among the most popular programs for automatic betting: BetAngel, MarketFeeder Pro, AutoTradingFox, BfExplorer, BetFair API. The software usually includes several ready-made strategies, in rare cases - the ability to create your own.
Stock market game
Automated Forex trading is also possible and is done through automated trading platforms. The software allows you to "subscribe" to the signals (trades) of the most successful traders. As a result, all transactions that the selected trader conducts on his account will be carried out in parallel on your account. The most popular trading platforms: MetaTrader, Ninja Trader, ZuluTrade, Mirror Trader.
Necessary basic knowledge and training opportunities
It seems that for betting no special knowledge is needed: everyone can try their luck, and absolutely in any sport. However, the first failures make you think that sports betting is more than just gambling. In this area, you need to have some knowledge, constantly monitor the results of competitions, analytics, forecasts and a huge variety of other indirect factors, including the health status of athletes and the characteristics of the field on which this or that game will be played.
Trading , of course, requires more specialized knowledge. The most famous forex millionaires, before starting currency trading, studied not only trading, but also economics, finance, and investment analytics. At a minimum, you need to know the special terminology that is used in Forex and in analytical reports.
Broker support
Trading is qualitatively different from betting in the presence of comprehensive support from the broker. If the task bookmaker – make sure that its profit in the end is greater than the total profit of bettors, then forex broker is directly interested in the fact that traders conduct successful trading. It is unprofitable for a broker when a trader, after the first lost deposit, terminates his activity, since the intermediary receives a percentage of the volumes of transactions made by traders. That is why the broker provides newcomers not only free education, but also various consultations, seminars and master classes, all kinds of analytics and reporting, as well as the necessary software.
note
It is unprofitable for the broker that the trader loses money, while the main task of the bookmaker is to “take” most profits from bets to your pocket.
Risks
Risks in betting and trading are similar: even in the most unfortunate scenario, you cannot lose more than you bet, or part with an amount exceeding the deposit made. As for the probability of winning or earning, if you have the proper experience and effective strategy the risk of losing capital in trading is much lower: after all financial analytics is a more accurate tool than sports analytics.
Time investment and enjoyment of the process
Perhaps the pleasure trading and betting is a subjective question. It is important to choose the format that is right for you. In general, betting can be less boring if you enjoy watching your favorite competitions live or on TV instead of just betting. In terms of time costs, trading requires more attention due to the need to constantly monitor changes in exchange rates.
In general, trading on the stock exchange is much less subject to random factors and is not so much gambling how much technology to profit. That is why a solid approach is important in trading: you may not earn “quick” money, but with the right attitude, you will create a stable source of income.
Warning : the contracts or financial instruments proposed for conclusion are highly risky and may lead to the loss of the deposited funds in full. Before making transactions, you should familiarize yourself with the risks with which they are associated.
Monday, 04/23/2018
Editorial opinion
The weapon of a trader or sports bettor is a strategy. Its absence leaves you helpless in the face of many situational factors. At the same time, blindly following the tactics of other successful market participants will make you “blind”. A professional trader is looking for his own way. Therefore, try to conduct an analysis on your own, developing your own system step by step.
It differs from bookmakers in that here you do not play against bookmakers, but against the same players as you. For this reason, the exchange Betfair rates has significant advantages over offices. Firstly, the odds on the stock exchange are often much higher, and, more importantly, they change much more often. Any bet of any player shifts the coefficient in one direction or another. And this feature of the exchange is very important: it can be used to get a guaranteed profit.
But profit is profit, and it is much more important not to lose all your money. How to do this will be discussed in the article.
First.
First of all, you need to realize that Betfire is not a source of easy money, but hard work. And the only way to succeed is to work hard. The exchange should be perceived not as a game, but as your work. Of course, you can place a bet and accidentally win money, there is nothing complicated about it. But this is not an indicator. You can talk about your success on the exchange after 200-300 bets made. Well, or somewhere after 6 months of trading.Second.
It is necessary to stop in time after several unsuccessful days of trading or losing bets in a row. Every player sooner or later falls into a losing streak. And then, whatever one may say, nothing happens. (In poker, such a streak of bad luck is called a "downswing"). Here it is important to stop, and not continue to play in the hope of quickly recouping. Stop, take a break for a day or two. Think about what you did wrong. If, guided by emotions, you immediately rush to recoup, forgetting about your strategy, according to which you played, the bank drain is inevitable. I know from my own experience. Here comes such a streak, you lose bet after bet... And then you put all your money on some hastily invented accumulator, hoping to win back everything at once... and you lose everything.
Third.
It is often difficult to perceive the money in your account on the exchange as real, and not some kind of virtual. The understanding is lost that this money is also real, although we see it so far only on the computer screen. Virtual money is easier to lose, and the understanding that they were still real comes later, when nothing can be changed. In order not to lose touch with reality, withdraw the money you win every month, leaving the bankroll necessary for trading.
Fourth.
When trading on the stock exchange, do not be distracted by extraneous matters. You need to be alone and no one bothers you.
Fifth.
Don't start trading drunk. In this state, it is better to go to sleep calmly than to suddenly find zeros on your account the next morning.
Sixth.
Organize your workplace. Remove everything from the table. Turn off any ICQ, Skype. Get ready for work.
Seventh.
Never start work in a bad mood.
Eighth.
Spend part of what you earn on helping your family and friends. Understanding that your work is needed by someone other than you, is able to solve someone's problems, gives an additional fuse.
Ninth.
If you are not trading on the stock exchange, but only betting, then a browser is also suitable. And for trading it is better to use special software, for example, Gikstoy.
Tenth.
Do not climb into those markets where you do not understand anything. That is, if you have always traded on football and you are good at it, then you do not need to try your hand at basketball or horse races.
Eleventh.
Strictly follow your chosen strategy or trading or betting and do not deviate from it even a single step. There are many strategies for trading or playing on the Betfair exchange. Choose the one that suits you best, which is understandable to you. To do this, first test it on paper and do not rush to play for real money. Learn all the nuances. For example, you must know exactly what to do when a goal is scored or when there are no goals at all. When the ratio increases or decreases. You should learn to make a decision in seconds! If, according to the strategy, you need to close the bet after 2 goals scored, then do it even if you have a minus and do not pull further in the hope that no more goals will be scored.
Well, now let's look at how you can win. In general, the Betfair exchange is considered one of the better ways earning money on the Internet and provides for this great opportunities. The only thing you need is to choose a strategy that suits you and play it successfully. There are many such strategies. We will now consider a few of them.
Trading before the game
So, trade before the start of the game. At first glance, everything is simple here. It is only necessary to correctly predict the movement of odds for a particular event, for example, for a win, a draw, a total, etc. We choose a match where, in our opinion, the odds for the victory of one of the teams will decrease. We bet $100. Next, you need to wait until the coefficient drops by a certain number of points and bet against. If everything goes as planned and the odds really go down, then you will get a guaranteed profit even before the match starts.
At first glance, everything is simple. But the problem is to correctly determine the movement of the coefficients. After all, on the exchange they are determined by the players themselves, and not by the exchange. And if the coefficient goes in the wrong direction, in which you plan, you will receive losses instead of profit.
Last minute goal
Another strategy for playing on the Betfair betting exchange. Although, rather, this is not even a strategy, but something similar to a lottery. In any case, it's worth a try. The idea is this: we choose a match that is already ending, it's 87-88 minutes. If there is already one goal in the match, then we bet, for example, 100 dollars, AGAINST Under 1.5, if there are two, then according to AGAINST Under 2.5. That is, we bet that in the remaining few minutes a goal will still be scored. And we are waiting... Usually, in the last minutes, the odds for these events are 1.03-1.04. Therefore, if a goal is scored, we have plus 95 dollars (100 minus the exchange commission). If the goal is not scored, we lose only 3-4 dollars. To be in the minimum plus, it is enough to guess 1 match out of 30.
And goals are scored in the last minutes quite often. Especially in important, decisive matches, in European competitions. There are football leagues in which, according to statistics, this is done more often than average. That is, a little analysis - and you may well make good money. Try.
Trading against Total Under 4.5
First you need to select a few matches in which, in your opinion, there will be many goals scored. Then we wait 15-20 minutes. after the start of the match and bet AGAINST Under 4.5. Usually the coefficient is 1.06-1.10. It already depends on the teams that play. Next, we are waiting for a goal scored, and even better, when two goals in a row. As soon as a goal is scored, the coefficient on TM 4.5 will rise sharply to 1.20-1.30. Then we bet BEHIND TM 4.5, and in any outcome of the match we get a guaranteed profit. If there are no goals in the first half and at the beginning of the second one, we still put 4.5 OVER UT and get a small minus. The advantage of this strategy is that we enter the game with small obligations, and even if there are no goals, the losses will be small.
Strategy against 0-0 in the first half
Another good strategy for playing on the Betfair betting exchange. The choice is very important here. football matches. We choose a match in which, in our opinion, a goal will be scored in the first half, and accept against the score 0-0 in the first half, for example, 10 dollars. If in the first half one of the teams scores a goal, we will earn $10, but if the half ends 0-0, then we will have to pay the amount of $10 multiplied by the coefficient by which we accepted. Usually, the odds for 0-0 in a match are about 3.0 - 3.5.
To play according to this strategy, you need to carefully choose matches, because in order to win back 1 loss, you need 2-3 wins. Alternatively, after each loss, you need to increase the size next bet so that the winnings cover the previous loss and even make a profit.
The strategy is worthwhile, but you need to be very careful in choosing matches, have a large pot, start betting with a minimum amount of $ 4 and increase after each loss and return to the original after a win.
When applied correctly, trading on a betting exchange may well become the most in a simple way gain an advantage over bookmakers and provide you with a steady income. At first, this path may seem rather complicated, but we will try to dispel your fears and explain everything as simply as possible, because the ability to trade well on the stock exchange can be useful to any bettor.
Before we begin, we want to draw your attention to the fact that this work can be complex, time-consuming and not always predictable.
When you trade through sites such as Betdaq, Betfair or Matchbook, you have the opportunity to both back and place a bet at the same time. “Support” means to do the same things that you usually do at your permanent bookmaker. You are simply betting on the game.
When you place a bet, you bet on chance, and under the right circumstances, we mean the corresponding change in the odds, you will profit in the simplest way, by placing the same bet at the right time.
Trading on the stock exchange involves a variety of methods, but we will consider only the three most significant, in our opinion:
1. Scalping- the fastest of all trading methods, but guarantees only a small, albeit constant, profit (if you do everything right, of course).
The idea of scalping is that you maintain a bet at one price, and as soon as the odds of winning go down, you get out of it and get paid.
The disadvantage of pursuing such a small profit target is the constant risk of losing big, so scalping requires a lot of knowledge and constant attention. Most often, this method is used in in-play markets (in the game) and on horse racing, where bets have higher win probabilities.
2. Swing trading- this is the most difficult option, it requires much more attention to itself, compared to the previous method. In addition, you will need excellent knowledge and constant control over the odds of winning, perhaps even throughout the day.
Swing trading basically requires your knowledge of the bet, and also uses your opinion about the team and its support by bettors at one stage or another, which will cause fluctuations in the probability of winning. Once you get the biggest swings, you can match your first bet.
Thus, if you have already supported a bet, you subsequently have the opportunity to pause it for a guaranteed profit, ensuring that the probabilities move in the direction that is beneficial to you.
3. And finally, cross-trading. It lies in the fact that you have the opportunity to both support and place a bet on multi-component markets at the same time.
What you're doing here is using compound markets like the account market and the over/under market and trying to create a situation where you can't lose. The simplest example is to go to good ratio on the score 0-0, place it at a rate of more than 0.5 goals, and make a profit both there and there.
If you feel confident in your abilities after reading this short description of several methods of trading on the betting exchange, thousands of videos, articles and instructions all over the Internet will come to your aid with detailed and not so detailed descriptions of these (and other) methods - choose according to your own taste and level of knowledge.
So where do you start?
If we have described here only three methods of trading on the stock exchange and said that these methods are basic, it is completely wrong to assume that they always work flawlessly and bring constant profit.
Any form of betting is based primarily on experience, and trading is even more so. You don't need to have experience in the field of sports, and you don't need knowledge of how the game can succeed, but you need to understand how other players play in these markets, how trading can go wrong, and how the odds change and react to a specific situation. .
The easiest way to learn all this is to create a small bank and choose a sport. Place a small amount of money that you are ready to lose - consider it as a kind of guarantee of gaining knowledge about the bigger picture market.
Use this money to test all trading methods, see how it works and how you can lose money here.
It is almost inevitable that you will lose money on your first attempts. But making certain mistakes will only benefit you and teach you the correct understanding of how this market works and how it works.
Therefore, we consider it much more reasonable to lose a small amount of money the first few times than to rush headlong "breaking bad" and lose a big bank in the blink of an eye. The most important thing for you is the need to remain "sane", fully in control of your emotions.
If the situation has gotten the best of you and broken you, it's time to quit the game. Trading takes too much strength, requires an incredible strain of intellect and control over emotions. Don't let your emotions control you.
If you decide to try your hand at the trading market, there are three key things you need to prepare yourself for - determine the size of the bet, learn how to hedge your bets against losses, and decide on the decision that you are wrong. Admitting you're wrong is perhaps the most important point.
The ability to think sensibly and trade with small losses, believe me, is much more impressive than the stupid and unaccountable losing hundreds and thousands.
Concerning bet size, any bettor, of course, can change it at his own discretion, for example, by sharply increasing it to fix the odds and maintain the winner from the very beginning of the game.
But it is worth remembering that trading is an investment that involves making a profit, as a rule, in a rather modest amount. With a reasonable approach and right attitude such a constant stable profit much more preferable.
And learn to admit your mistakes. There is a term in betting - scratchingatrade or scratchingtrades, that is, “refusal to trade” - means that in case of a loss, you must realize that trading is not yours, and try to reach the smallest loss, the most win-win position, until the losses exceeded all reasonable boundaries and the situation worsened even more.
Small example- let's say the team you were counting on equalized the odds in the very first 10 minutes of the match, and this is not at all what you were counting on - do not be stubborn.
Don’t sit around waiting for “weather by the sea”, because most likely before the end of the match the situation will change even more not in your favor, so try to immediately go to a more win-win position, and if this requires you to take the bet and lose some money, do it. Don't wait until you lose everything.
Lastly, you should know how to insure your bets. It's pretty simple here - use a tiered plan to support and place bets. This means that you start trading on the most profitable position for you.
You back any bet and place the same amount of money, and as a result, if you let go of the game, there is always a chance to get your money out. Further, you can change the rates at your discretion, and, accordingly, you will receive profits and losses at this rate, which you have changed. This method is quite simple, and may well be the beginning of trading on the betting exchange for you.
We also note that Betfair provides a "what if" service that allows you to see the potential opportunities of the offered bets - quite a useful thing for beginners.
We have listed the main methods of trading on the betting exchange, its key points, and we hope that this information will be useful to you.
How to make money on Betfair? - this question excites the minds of many Internet users. Lots of real people, per a short time, were able to make this type of income the main and only one for themselves! They are already now earning on Betfair from a few tens to several hundred dollars daily and more!!!
All more people those who are familiar with making money on bets pay attention to the Betfair exchange, as it is actively discussed on English-language forums. Heated discussions on the forums and screenshots of the payouts of successful players are the best evidence that making money on the Betfair betting exchange is a real reality!
The highest football odds + fast payouts + 4,000 rubles bonus! Reliable BC. Register!
Many people have long been constantly earning on Betfair exchange, giving up boring and routine work in the office. Moreover, they earn on Betfair not only “for bread and water”, but also for a luxurious life! Why don't you try it too? After all, everyone has real chance make money on Betfair no less than your current wages, and having gained experience many times increase the amount of your monthly earnings.
Start your journey to financial independence possible right now. Go through a simple registration procedure on the sports exchange, get acquainted with our tips on how to make money on the exchange, which will be described below and follow them. Everything is extremely simple! Don't miss your chance!
Basic principles for making money on the Betfair exchange
It is quite natural that in order to learn how to make money on Betfair, you must first get acquainted with the basic principles of the exchange. It should be clear right away that the Betfair exchange is an analogue of a bookmaker, but it uses its own technology, which allows players to get the most favorable odds for themselves.
The Betfair exchange, unlike traditional bookmakers, does not set odds, but offers to form them by the players themselves. In order to make it very clear to you how to make money on Betfair, imagine that while watching one of the football matches you decide to bet with your friend for a certain amount of money. Before the end of the match, you gave this amount for safekeeping to another friend, who, after the end of the match, must transfer it to the winner of the bet. That's how Betfair works - players place bets, and the exchange accepts and settles bets, while charging a small commission. On this sports exchange, you can earn money by betting on football, tennis, hockey, basketball and many other sports.
The Betfair exchange also works with Webmoney, an electronic payment system widely known in the post-Soviet space, thanks to which it will be possible to withdraw and cash out your winnings without any problems. Enter immediately large sums new players are not worth the money, because first you need to get a good understanding of all the intricacies of the game on the stock exchange. The optimal amount for the first deposit is $100.
How to make money on Betfair?
The main distinguishing feature of the Betfair exchange is trading, during which a player can buy cheaper and sell more expensive.
The most important step for success is the selection of the necessary match. You should choose a meeting about which you have at least some information. If you are not very well versed in one of the championships, right on the site you can get acquainted with the current state of affairs in the standings. Believe me, it's worth it, because the more information you own, the more you will earn.
If you are a beginner, then for a start it would be better to focus on the football championships of Italy, England, Spain, France and Germany, which are always on the buzz.
An example of earning on Betfair
Take, for example, the Federer-Djokovic tennis match. Let's say they give a coefficient of 2.5 for Federer's victory, and 2.1 for Djokovic (quotations on the Betfair exchange are always higher than in ordinary bookmakers by about 20 percent). In order to bet, you need to decide who to bet on. For example, your choice was left to Djokovic, but it seems to you that the set odds are too low for this match and you change it yourself in a special window - for example, Djokovic's victory for 2.25 instead of 2.1. Then just wait until one of the other players agrees with the quotes you offered. Believe that on the exchange, where millions of bets are made every day, you can easily find an opponent who agrees to your terms.
Another answer to the question: “How to make money on Betfair?” can become known to many "forks". The thing is that the exchange has options for betting "for" and "against" a certain event. For example, you know for sure that the odds for one of the events will decrease. In this case, you buy it, that is, you bet "for", and when it really falls, you bet "against", that is, you sell it. Thanks to the resulting difference, you can get net profit regardless of its outcome.
While you are gaining experience, it is better to set small goals for yourself and try to win for a new camera, phone, etc. to start with. And only then, having gained proper experience and finally realizing how to make money on Betfair, and really feeling confident in their abilities, devote themselves to working on this exchange, which has helped many people to reach a stable level of earnings in a short period of time, which is several times higher than their monthly income before getting to know Betfair.
