Using BetIE to do some trading with the under 2.5 goals and again using learning mode due to my present lack of funds in Betfair. I have been experimenting using the hedging tool which places bets for you based on either amount of profit required, percentage movement, or a max liability.

With that tool though it tells you the prices and amounts needed for the bets to win you your desired amount next to the check box for whether you are going for a back – lay or a lay – back type of move. With what I do it is the back – lay that we need. So as you can see in the picture to make 8 euro I have to place a back bet of €72.50 at 1.8 the current backing odds and then the lay bet will be €80.50 at lay odds of 1.62. If there are no goals scored for a while in the game then the 1.62, which could be 10 or 15 minutes into the game will get matched and you have the €8 profit. If you think you can’t wait that long then you could override the lay bet and place a bet in earlier if you wish. You will get less profit though. I have used this successfully with the Spurs vs Fulham game that was on Boxing day. The first bet went in at 2.3 and the second bet went in at 2.04 with the profit target of €10 realised. Also with the Sunderland vs Man United game back odds of 2.02 and the lay odds of 1.82 going for a profit of €12.

When you are ready to set up the trade which should be right after the game has started you just press the blue Back Lay button in the hedging tool and the first of the bets goes in closely followed by the lay bet order. As you can see here in the picture to the right. You will need to monitor the situation in case there is a market suspension for a goal scored, a red card given or sometimes the market just stops and restarts for no apparent reason (that doesn’t happen often) and depending what has happened take appropriate action.

What to do if there is an early goal?

Sometimes there are early goals but if you see my last post you have good probability for no goals at 10 minutes and even at 15 minutes. The choices are….
1. Trading out straight away at the goal being scored.
2. Watching it and trading out after some time when the odds have dropped back down again if there are no more goals scored.
3. Placing a second back bet of at least twice the amount of the first hedging trade and looking to do some trading out after about 5 or 10 minutes.

If you choose number one then you are just going to accept that you have a loss and move on to another game. Choosing number  two option will let you trade out at a smaller loss or perhaps at a break even. There was a Barcelona game recently and there was a goal before I could get greened up, I left it alone and I was able to trade out to a small profit.

If you choose option three the problem with that is that you effectively have 2 hedging trades running and treble the liability if you have put in a back bet of double the original. Whether you can do this depends on the size of your betting bank and the size of the first bet. The idea is that the odds do come down nicely after about 5 or 10 minutes of no goals and you will be able to trade out completely, quicker because of the larger stakes. BUT you do have higher risk and if there is a quick equaliser then you could find yourself no where to go and with a bigger loss. It is a choice you have to make depending on the game. I often find that option 2 is a good choice.

At least you can try out the options in BetIE seeing as there is a learning mode where you can experiment with various strategies to find out what works best for you.