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.
If you’re a regular of the various local betting shops and online bookies, then chances are that you have noticed that bookmakers’ odds are priced less than the ones available at betting exchanges.
Curious about the reason, I raised the question to Mike, a friend at Bet Bright, and he was so kind to give me an extensive explanation.
– While you might find the whole situation as an attempt to lower user profit margins, you might be surprised to learn that this is due to the fact that bookmakers also feature backing for the outcome. Essentially, each time you place a wager with the operator, you earn the possibility of an arbitrage transaction at the same time.
Betfair trading requires absolute concentration. You don’t need to be distracted with questions like “what direction is the market about to go?” or “what just made the price move?”.
To remove these mental distractions and reduce the loading on our poor brains, one way to proceed is enhancing the Betfair trading ladder. For instance former Betgizmo software added visual bar graphs that clearly represented amounts and Betfair market depths.
This may look like a trivial change, but if you downloaded Betgizmo software in the past and tested the Betfair trading ladder you soon realised just how much easier Betfair trading became. You could visualise market movements without staring at a bunch of numbers that the other “trading ladders” offer.