The Footy Trader

Here it is the Podcast that has details on how to get started trading on Betfair. You will need some funds to get started but with the bonuses that are available from the online bookmakers you can give yourself a good head start.

Once you have all the bonuses  take out your seed money then you can trade on Betfair in which ever markets you like with the free money and not have to worry too much when things don’t work out right as happens sometimes.

If you have a good strategy for trading on Betfair then it is possible to earn money – I particularly like the under 2.5 goals markets in football games. Back it early in the game and green up by 10 minutes to take whatever profit is there. I also know what to do if an early goal goes in.

It is nil nil and the Russians are camped in the Rangers half. Just before half time there was a call for a penalty and Rangers were very luck for the ref not to give it.

Still looks like Zenit will win the game barring some strange bit of luck going the direction of Rangers. Well that could happen with the way that Rangers have made it to the Final in the first place.
Darchville still looks like he could be dangerous for Rangers but only if the rest of the team can get the ball to him and then give him some support.

As far as the game plan for Rangers it is going the way they expected. Zenit are the better team but Rangers are defending well. I would like Zenit to win this one. It would work out very nice for me with the matched betting. I will still make money if it goes the other way or is a draw but why not hope for the easy option.

Tags: Rangers, Glasgow, Zenit, UEFA Cup final, European , soccer, football, betting, gambling, winning money, matched.

The Newcastle vs Manchester United game was going to be a bit of a battle. But I messed up totally. I came to it late, the game was already running for 20 minutes and the first goal went in just after I placed my first back bet. I traded out to a loss on that then moved to the under 3.5 and late to the under 4.5 goals and I have had similar luck with all of them. The minimum loss was 0.45 and the largest was 32 on the under 4.5. I had just put in a back bet at about 77 minutes and Newcastle scored a goal. I would have traded out right after that because the back bet was bigger than I wanted to go with but Manchester scored again within a minute and blew the whole thing for me.

Must have been a wild game judging by the number of yellow cards given to the Newcastle players. Maybe I will get to see the game on Match of the Day this evening.

So it has not been a good day today and I should not have tried trading when I was still having to do things to finish off the party at the house. I just wiped out the free bets I got from Bwin and also the unders trading from the last week.

I will get more money in this week from some matched betting anyway, once I have sorted out the problem with the bank and the Cyber targeta.

I hope you all had a better time trading with BetAngel BetIE or BinarySoft than I did.

Just have been trading on the Ajax vs Rotterdam game with the under 2.5 and the under 3.5 goals markets. I was lucky to have all my trading finished before the 34 minutes goal spree that saw the scoreline jump to 5-1 before the half time whistle.

I have my 1% trading profit in the bag already with trading on that game and also the Schalke vs Wolfsburg game. I am taking a cautious approach with my trading at the moment and it seems to be paying off. It is nearly half time with the Schalke game and it is still nil-nil. I probably could have taken more from the game but after the initial trades I have decided that I should wait until a goal is scored before having another go. If I do I might even go back in on the under 3.5 goals market on Betfair and keep the safety in the trading.

Today I am trading with BinarySoft BDI which has a 3 month trial period and I like to use because I can use it native on my Mac. I am totally impressed with BetAngel and can do more with it such as dutching, hedging, , bookmaking, making a market and just about everything. It even links up with Excel the spreadsheet and can do automated trading. I don’t have Excel on this machine though. The graphs on BetAngel’s enhanced ladder tab are just great because they update live.

BinarySoft BDI is supposed to be getting graphs soon also, only today there were upgrades to the interface which I found very welcome. The windowing is good, even though I prefer not to have too many window scattered all over the place. I found that all I need to tear off, to have separate, is the market selection window. Then when I have the markets chosen I can hide it away.

Last weekend I recorded a video of the software in action but I may have to start again as the interface looks a little different now.

Racing Place and 80/20

80/20 recommend that you should have 30 times stake as your betting bank

The results not great so far today but there is still the Wolverhampton races to finish yet. I have been setting up the bets using BetIE and keeping score in a spreadsheet. Using the RacingPlace tips and the 80/20 today has been a poor day altogether and unless something good happens in the last 2 races half of the good start we had on day one will be wiped out. This is why they recommend that you should have 30 times stake as your betting bank. So for me with this test that would be 30 times 20 = €600.

Thank goodness for the learning mode in BetIE that’s what I say!!

After my disappointments with the interface of Soccer Mystic yesterday , I thought I should actually read the user guide. It is good to try out software without doing that first because you get a better idea of how intuitive it is, and mostly it worked well enough. I didn’t need to have the Confirm Bets checkbox checked to make sure that the software didn’t lose me some of my betting bank when I clicked on something I wasn’t sure about. It is all pretty straight forward.

While reading the user guide I found myself thinking ‘Wow thats cool’ a few times and being impressed with the tricks it has up its sleeve to help me make money. Some of the things were a different way to do something I can do already in another part of the software, but with the control over what happens being set differently. For example in the Bookmaker tab (which only places lay bets) I can set how much I want to stake, how much I want to have as profit or just go by the minimum bet amount and then by using the Margin Maker checkbox on the unders side of the market, see what odds I need to have the lay bet go in at to make the money. It is similar to making a back bet on the unders then laying off as the price comes down when no goals are scored at the start of a match. The difference being that the back bet part of the trade is replaced by making a lay bet on the overs side.

impressed with the tricks Soccer Mystic has up its sleeve

I also tested out the Make Market button on the One Click tab. This can be used in the time leading up to the start of a game when there is not much movement in the prices. I clicked the button when the back price was 2.12 and the lay price was 2.14. Soccer Mystic then places bets on the wrong side of the market as it were. So orders went in for a back bet of 2.14 and a lay bet of 2.12. When both of these orders are filled there will be a profit due to the spread between the prices asked for in the order. I did it with the Spurs vs Arsenal game about 20 hours before the game was due to get under way, and left it overnight. In the morning both of the bets had been matched and there was a small profit from the minimum size bets Soccer Mystic had placed for me. The only thing is that you don’t have any control over which bet gets matched first and you might need a plan in case one of them doesn’t get matched when the game goes to in play. I expect though that doing this well before a game is due to start there would be only a small risk that it doesn’t work out as it is supposed to.

Another area of interest is the correct scores or even the match odds for dutching. With the correct scores there are certain scores that happen more regularly than others, so by making a bet that covers those scorelines you can have a good chance to make money. I think I would prefer to test that theory though by seeing how many times I need to win that type of bet compared to how often it loses and what effect that has on the betting bank. The strategy can be enhanced though by covering a correct score possibility that is unlikely to pay back smaller or not at all if it happens. The effect of this is that you get a better percentage profit overall while having a smaller risk. There are about 7 scorelines that happen more than others. I will give you more about that in another posting.

Soccer Mystic can also be connected to Excel the spreadsheet to make automated bets if you know how to do that in Excel. I don’t know enough about that to comment right now but will perhaps look at later.

The ability to have the stake size determined by the price you want to make per tick is useful too. This is because of the tick sizes not being equal. In the table you can see that the smaller odds have smaller sizes in terms of movement too. So if you want the same amount of profit per tick at the smaller odds you will have to increase the amount of the bet. With this you can make the same amount of money under the odds of 2.0 as you do with the odds between 2.02 and 3.00

I didn’t expect this in Soccer Mystic as I thought I would only find this in the BinarySoft program.

Looking forward to this evening and the game between Spurs and Arsenal and increasing my betting bank some more.