We have put together a trading instructional manual for those wanting to know how to trade on Betfair. Now many people trade on Betfair without understanding the market dynamics, and subsequently fail to capitalise on what the markets really have to offer.
Think about it, the way Betfair works is by those who trade successfully being paid by those who have lost their trades.
Many times we have been asked if we would be prepared to reveal information that can produce an income every year, tax free. I was hesitant at first, because although I used to reveal my methods, I have not done for a number of years.
Back in 2004 when I was working part-time, I usually found myself with some free time on my hands during the day, as my wife worked daytimes, and I worked at a bakery in the evenings, so whilst looking on the internet I stumbled across Betfair, which if you don’t know, is a betting exchange.
I honestly thought that nobody ever made money from ‘trading’, but what I quickly realised with Betfair, was that you can place money of an event to fail, which caught my interest. The reason it caught my interest, was mainly due to the fact that surely finding something that fails was much easier than something that wins?
For example, in an 8 horse race, one horse is going to win, and the rest are going to lose, right? Of course, which got me thinking. I had always been competent at maths, so I watched what happened on Betfair for around 2 months. Obviously, the odds for betting the losers (that didn’t win) was much less than for placing money on outright winners.
I noticed that a certain outcome happened time, and time again, even though it was not expected to happen, where most people would be placing large amounts of money on an outcome that failed very regularly. I then had an idea.
So I asked a friend who was a regular at the bookies if I could borrow his old Daily Mirror racing pages, as I knew he used to collect just the racing results pages from the paper, and he had them going back 12 months+. What I could do then, using what I had spotted, was back-track through all the results to see if my ‘new idea’ would have worked….. and oh yes…..It worked!
I have to tell you, that it is a pretty amazing feeling when you think you have stumbled across a way to make profit like this, but I still had to be sure, so I started ‘paper trading’ my method over the next few weeks, and sure enough the results were the same as what I found when back-checking the Daily Mirror. I never said a word to my wife about this, at this stage!
No, never told a soul. What I had to do now, was test it live, with real money… Read more…