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The Rise of The Betfair Betting Exchange. Successful Horse Race Betting Strategies.
Added: (Fri Jun 26 2009)
Over the past decade online betting in the UK and across the globe has developed into a successful and lucrative industry.
The rise of the betting exchanges in particular has changed the rules of the game beyond recognition.
While the online betting world has taken off there has been a decline of the traditional high street bookmakers shop, but they embraced the changes by setting up their own online betting sites.
Betfair and Betdaq cornered the betting exchange market quite early on.
Day traders, spread bettors and other market analysts were quick to recognise the potential provided by the liquidity and volatility of the betting markets, particularly the pre race horse race trading markets.
Bet Angel Professional was created by Optic Ltd in response to the need for an industrial strength betting toolkit that enhances and improves the standard Betfair interface.
One trader who has made the leap from financial vehicles to include the exchanges in his portfolio is Mike Davies of Betfair-Trade.com.
Mike has developed a successful and powerful advanced training program for the Betfair betting exchange – “The Betfair Race Trading Formula”.
Based just outside London in Surrey Mike travels locally to attend horse racing tracks and fixtures at Epsom, Newmarket, Plumpton, Fontwell, Lingfield, Goodwood and Sandown.
Mike has a keen interest in all types of horse racing and has developed powerful, unique betting strategies for flat, jumps and all-weather racing.
Mike specializes in working the pre race markets on Betfair, and has a specific interest in automated betting tools and robots, particularly scalp, swing and momentum trading, dutching and bookmaking.
All of Mikes strategies are outlined in great detail in his Power Trading training package.
We met Mike at his Surrey base and asked him about his motivations and purpose behind his successful strategies.
“The initial major draw to Betfair for so many punters has always been the ability to lay horses.
It is such a good way of getting started, but is also addictive and somewhat misleading for the average new Betfair customer.
Everyone including the professionals, has trouble consistently picking winners, it’s a very tough business. Just imagine how much easier a new punter on Betfair might assume it is to consistently pick losers.
But things are never as they seem and horse race betting simply doesn’t give up profits like that.
When you lay a favourite that gets up and comes home you will often see the last half dozen lays wiped out. In the end lay to lose is just as tough as back to win.
Because of the market spread that facilitates the trading style interface I realized early on that I wasn’t really getting great odds or any value from laying horses.
That’s when I started experimenting with the flexibility provided by dutching, trading and bookmaking techniques and betting software.
I started working with the Bet Angel Professional dutching robot to develop the “Flying Dutchman” strategy.
I developed charting techniques for scalp, swing and momentum ladder trading. I saw strong potential for bookmaking strategies and things just took off from there.
I support new customers all the way – naturally any punter wanting success should expect hard work.
Ambition, dedication and skill also help in achieving decent profits with any betting strategy.
The beauty of using powerful betting software alongside these strategies and systems is that once you make them work for you, you can use them every day and most importantly – they continue working and you keep improving.
I educate customers in relation to horse racing, particularly the importance of specializing in different types of horse racing.
I provide essential information about :-
How to use all the facilities of modern internet betting software and toolkits.
How to access databases and use websites packed with critical information.
How to take the best positions, look for value and stack the odds in your favour.
Pure back to win and lay to lose do indeed work for some of the top horseracing professionals, but the truth is that a lot of new Betfair punters have never actually even been to a horse race and maybe don’t even want to.
So if they want success they need something new!!
What I provide at Betfair-Trade are techniques and strategies that do not rely purely on massive horse racing form study and expertise from the outset.
However what is even more certain is that the more horse racing form, knowledge and expertise you do acquire the better your results will get, and the higher your profits will be.”
http://www.betfair-trade.com/