Betfair Basics
What is Betfair?
Betfair is the world's largest betting exchange where hundreds of thousands of people place bets directly with each other. Betting with other people through Betfair removes the need for a ...
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Laying on Betfair
Laying a bet on Betfair means taking a bet on a horse or team which you will pay out on if that horse wins the race. If the horse loses the race then you keep the stake. For instance, if you Lay &po...
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Backing on Betfair
Backing a horse or team on Betfair means placing a bet which will payout to you if the horse or team wins the race or match. If the horse loses then you lose your stake. For instance, if ...
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Trading on Betfair
Being able to Lay and Back on Betfair gave rise to a new aspect of gambling that never existed before: the ability to bet on the direction of a horse or team's price, instead of betting on the act...
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In Play Trading on Betfair
In Play Trading on Betfair is different from trading because it refers to trading the price of a horse or team while the race or match is actually running or playing. When a race starts, Betf...
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Hedging on Betfair
Hedging on Betfair is the cherry on top of the ability to trade price movements. Hedging allows traders to lock in an equal profit regardless of whether the horse or team that they were t...
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Stop Gambling. Start Trading! |
How Adam Todd made over £100,000 profit on Betfair from a starting bank of £200 with no knowledge of gambling by trading on Betfair! "I started trading UK horseracing markets full time on Betfair in November 2002. I made £40,000 profit in my first year from a starting bank of £200 without even watching a horserace or picking up a formbook. With absolutely no knowledge of horseracing I would win an average of 9 races out of 10 and go months at a time without a losing day. The following results show that I have made over £100,000 profit from trading on Betfair, placing over £50 million worth of bets in the process." Click Here For My Complete Trading Results for 2003, 2004 and 2005 |
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