Successfully trading on Betfair looks simple, lay at a price less than you back at and you win. Bigger this gap, bigger the profit. It is all about volatility trading and odds movement analysis. So bigger the volatility, bigger the chances you end up with a winning.
One of the sports with the highest volatility is tennis. In Grand Slam® tournaments players must win 3 sets of 5 to win the match. In competitive matches, where strengths of the opponents are similar, this is often a very long journey where anything can happen and fortunes of the players can change and overturn several times for the slightest errors or unfortunate injuries. An example? The Isner–Mahut match at the 2010 Wimbledon Championships holds the record for the longest tennis match both in time, 3 days, and games played, 183.
A ladder interface is nothing more than a particular view of the data which allows to place, modify and cancel trades very quickly, perfect for scalpers or spread traders and traders operating in very volatile markets, where prices change very quickly. Trading on Betfair is actually not much different from trading on the Stock Exchange. Laying and backing sporting events is just like buying and selling shares, and many techniques and strategies can be utilised in both the worlds.
The ladder interface is available on almost all Betfair trading apps and allows traders to place orders into Betfair quickly (one-click) and precisely and hence in a larger number and in a shorter time frame than you would normally do on the Betfair platform itself.
There are 2 main ways to bet on Betfair, either through their website or through the Betfair apps. The apps do not only allow you to bet effortlessly, but also offer additional features which can largely improve your betting performances thanks to faster betting and more informed decisions.
These additional features, according to their nature, allow to classify the apps in 3 main categories – Trading Apps, Automated Apps and Mobile Apps.
The introduction of betting exchanges has completely changed the way betting is done in the UK and made punting and bookmarking much more developed niches. With the revolution of exchanges, punters can now become bookmakers and vice versa. You can switch your roles back and forth from race to race or even play both roles in the same game at the same time. In addition, this is not the only way you can make money from betting since the introduction of the exchanges. Let us look at a few other opportunities:
You do not need to use the old ‘back and lay’ method to make money anymore. You can now trade prices on exchange markets and make some gains no matter what horse wins or loses a race. This lets you act like a stock market reader enabling you to trade in and out and make profits on fluctuations in the odds. For instance, if a horse in plummeting in odds, you can back it at one price and lay it a moment later at a lower price. Just like any other business, exchange trading has its high and low seasons in which you can either gain or lose your investment. This can however be averted severally as you learn the ropes of predicting the exchange market.
When it comes to successful gambling – psychology and self-discipline are everything.
All types of betting are, to some extent, motivated by “fashion” and this probably applies to football more than any other form of betting. Football is, after all, the world’s most popular sport with an unbelievable amount of attention devoted to it.
This is great news for the shrewd gambler as it offers the value seeker some wonderful opportunities. Manchester City are “bound” to win game X etc…
Most of us are victim to fashion of some form or another at some time in our lives. The trick is to try and ignore it. Leave your prejudices, personal favouritism, irrational likes and dislikes, and emotions to one side and concentrate only on the cold, hard facts – let the stats be your guide in other words.