Soca Bet

SocaBet.
com Soccer Betting System
SocaBet! The Soccer Betting System
Copyright 2006 All Rights Reserved The Memeplex www.socabet.com
2006 SocaBet - Soccer Betting System - All Rights Reserved - The Memeplex
SocaBet.com Soccer Betting System
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Table Of Contents 1. Introduction 2. Betfair Introduction 3. Betting In Running 4. Trading On The Betting Exchanges 5. The Draw No Bet Method 6. The Home Team Method 7. The Close Encounter Method 8. The Under 2.5 Goals System 9. The Second Half Trader 10. Next Goal Method 11. Automate your trading with software 4 6 18 21 25 30 33 37 40 46 49
1. Introduction Okay, so youve heard this one before, and probably are rightfully skeptical about it. I dont blame you. Many offers on the internet are about as true as they are tangible. There are however, real people, making real money on football through the new phenomenon of trading. This isnt just a few pounds here or there, these are big money earners that are making hundreds of thousands of pounds a year. Accountants and lawyers wouldnt walk away from some of the profits of Betfair traders today. There are some people that make thousands off of these techniques, and never need to leave the comfort of their study. That doesnt mean they dont work for their profit, but instead of investing all their money on one team, taking huge risks each time, they look for imperfections in the market and profit from these mistakes. By developing the skills contain in this book you can make a lot of money from the betting exchanges. Still not convinced? I dont blame you; there is everybody under the sun these days saying that Betfair is a goldmine, a way to find stupid people placing stupid bets at stupid prices. Well those punters have since disappeared from Betfair, and now it is a much more sophisticated market, but not without its flaws.
SocaBet will teach you the areas where these imperfections arise frequently and the simple indicators used to spot them and profit. Steven Lee Jones SocaBet.com PS: Thanks to Stephen Brookes from www.inplayprofits.com and www.f1tradersystem.com for all his help getting this project off the ground.
2. Betfair Introduction Betfair is the world biggest betting exchange, a site that allows you to place bets against millions of other punters around the world, and on different sporting events from horse racing to basketball, from cricket to soccer. The way that Betfair and the other betting exchanges work is different to the traditional bookmakers that have gone before. If you place a bet in a traditional bookmaker, you are basically betting against the bookmaker. If you are correct, you win money from the bookmaker, but if you are wrong then you lose. The transaction is between you and the bookie, and no one else. The first difference between Betfair and the traditional bookies is that the site doesnt actually take any bets itself. Rather, Betfair simply acts as an intermediary, a marketplace where punters from around the world can come and bet with oneanother. All Betfair does is supply the interface and keep track of who owes who what. This makes for a very fluid market, with odds (also known as `prices`) changing literally by the second as different punters come and place new bets. The second difference between Betfair and the traditional bookmakers is that Betfair allows you to bet against a particular event occurring. This process is called `laying`, and is unique to the betting exchanges. Laying is not as complicated as you might think. It certainly isn't as complicated as many people will let you believe. Laying is like taking on the role of the bookie. It is simply betting that an event won't happen.
So if Chelsea are playing Bolton Wanderers, and you lay Chelsea and they lose or draw the match, your bet wins. If you lay Chelsea and they win the match your bet loses. Lets run through a quick example so you understand this fully. We lay Chelsea at odds of 3.00 (2/1 in English odds) for 10 If Chelsea win we have to pay out 20 If Chelsea lose we win 10 If Chelsea draw we win 10 As you can see the lower the odds, the less we have to pay out. For example, say we think that Chelsea will not win the league this year. We can back against them, or `lay` them. If Chelsea fail to win, we will win money from the bet equal to the amount we bet, which is called our stake. Of course we can also back an event to happen. For example, if we think Chelsea will win the league this year then we can choose to back them, and if they do go on to win, then we will collect a profit (how much profit depends on the odds that we took when we placed the bet). The difference between backing and laying is central to understanding Betfair, so you should try and grasp the concept before we move on. Remember then: Backing is betting an event will occur Laying is betting an event will not occur
To lay a team to lose you have to use betting exchange. Unlike traditional betting where there is a bookmaker who sets the odds and punters who either take the offered odds or walk away, a betting exchange is simply a website where visitors can bet against other visitors on a range of events. All bets on the exchange have been placed there by users who either, want to place a bet in the normal way (back), or offer odds to other punters (lay). Bets are matched between people with opposing views. Just as eBay matches up buyers and sellers via the internet, betting exchanges' matches up customers who want to strike a wager. You never know whom you are betting against, your privacy and the confidentiality of your bets is maintained by a secure site. To become a member you simply have to register a debit or credit card and place some funds into your account. Once you have done this you can start to use the account straight away. There are a number of betting exchanges available on the internet. Below I have listed a number of exchanges and their URL's. Betfair is by far the biggest betting exchange in the marketplace. It is the one I almost always use as it has the most liquidity available.
FREE 20 If you would like 20 for free, simply sign up to Betfair using
the following link and type in this code HKVKENPGW in the 'Refer and Earn' box. Your account will then be credited with 20.
http://www.betfair.com
The other betting exchanges include:
http://www.betdaq.com
http://www.betsson.com http://www.backandlay.com http://www.ibetx.com http://www.parbet.com
So, now that we understand how Betfair works, its time for us to check the site out for the first time. Open your web browser, and type in: http://www.betfair.com/ You should be greeted with a screen that looks like this:
The first thing that we want to do is to sign up to the Betfair site. Click Join Now, at the top of the screen, and enter in your details. Now that you have signed up to Betfair, you are ready to place a bet!
The following instructions are designed to help you place lay bets using a betting exchange. The user guide uses Betfair as an example as it is the exchange you are most likely to use. If you haven't registered you will need to click on the 'Join Now' button and fill in your details. If you have, simply fill in your username and password and click 'Login'.
First things first, though. Have a scroll through the menu on the left hand side of the screen, and run through different sports. Make a note of all the different sports that Betfair covers:
The left hand side of the front page will look like this, and is a list of all the different sports covered. Click on 'Soccer - Fixtures' for a list of all the football matches coming up on that day. Of course if you are trading the night before the match you will click on 'Soccer'
The list of sporting options will change to show a list of games for the day, happening all over the world. Simply scroll down and from the list of matches and click on the match you are trading on. Select the game by league and kick off time. Lets choose the international between England and FYR Macedonia on October 7th, 2006. We can choose from the following markets.
The list of football matches will change to show a list of markets being offered on this match. Simply scroll down and from the list of markets and click on the market you will be trading on. Lets select match odds for simplicity.
The football match odds will come up on the screen and will look confusing at first but it is quite straightforward.
To the left we have the three outcomes, England win, Macedonia win and a draw. The first three columns of numbers after the outcomes' names show the odds for backing the outcome, with the best odds in the blue squares. The decimal figures are the odds and the figures in pounds are the amount available to bet with. Basically, this means someone else has laid the outcome at this price with the amount of money shown below. They are waiting for someone to accept their offer. The second set of three columns show the odds for the outcome not happening (i.e. lay bets). Again the best odds are highlighted in the pink squares. As before, the decimal figures are the odds and the figures in pounds are the amount available to bet with. Basically this means someone else is requesting an opportunity to bet a certain amount at their preferred odds and is waiting for an offer to lay at that price.
Click on the best odds (in the pink square) for the outcome you have selected to lay. The right hand side of the website will now change, showing the outcome (England, Macedonia or Draw), the odds selected and asking for the backers stake as follows:
You can change the odds to whatever price you are comfortable offering Type in the amount you want to lay the outcome for in the 'Backer's Stake' box and Betfair will automatically work out your liability (i.e. The amount you stand to lose if the outcome results). Once you have done that click on submit in the bottom right hand corner of the page. You will then be asked to confirm your bet. Click on yes if you are happy with it. The screen will now change to show whether or not your bet has been matched. If the bet has been matched, then the bet is placed and you only have to wait for the results. If the bet is unmatched you have several options: You may wait to see if someone else comes along who is prepared to accept the odds you have specified.
You can change the odds in order to match a backer who is offering different odds. Or you can cancel the bet. It is also possible for your bet to be part-matched. This is where some of your stake has been matched with a backer, but some has not. Using Betfair is relatively easy once you get used to it. If you are still unsure of anything then Betfair offers comprehensive online help. For an easy to follow user guide simply go to the Betfair website, click on the help menu and then on the view our demo button.
3. Betting In-Running
Up until a match begins, you can place bets to back or lay a particular selection this much you already know. On most events, once the event starts, though, the betting ends, and you can no longer punt on the outcome. Some events, though, can be bet on after theyve started, and this is called `betting in running` or `betting in play`. All English Premier League matches can be bet on in running, as can many European and International football games. In fact there are literally dozens of matches to be bet on in running, on any given day. As you can imagine, betting in running can cause some dramatic swings in price, as punters react to events during the game, such as free kicks, corners, and red cards. In running betting is not for the faint hearted. However, there are some punters who make a living by laying outcomes (betting against them) in running. There are multiple in running laying strategies that are used and I will cover a couple. The first strategy is called laying the field. Given that there are big swings in the prices of all of the outcomes in any match, some punters look to lay the field at very low odds. In other words, they lay every outcome just as the game starts, at odds of say 1.05. What they are hoping for is a outcome that looks like it is about to happen, and whose price drops heavily in running, to say 1.03.
However, if there is late drama and the outcome suddenly changes with a goal, then they will have laid a loser at very low odds. If we lay the field for 100, at odds of 1.05, then the most we can lose is 5 (0.05 x 100). However, if we lay an outcome that actually ends up losing, then we will win the backers stake of 100! The strategy is obviously not as simple as just laying every outcome in running at 1.05, but watch a few English Premier League games in running and see if you can spot some general trends that you can profit from. As I say, some punters also make a living from laying the field, so its certainly worth a look. The second strategy employed by some is simply to lay single selections in running when they reach very low odds, but when you think that the odds are nonetheless lower than they should be. For example, last season, Man United were playing Bolton at Old Trafford in a weeknight football match. United were up 3-1 with 3 minutes left plus 3 minutes of injury time, and were still on the offensive. The game was in running on Betfair, and so I decided check out one of the markets, the next goal scored market, where you can back or lay each time to score next. You can also bet that neither team will score next, i.e. that there will be no more goals. The no more goals option was available to lay at odds of 1.04, so I laid 20. I thought that United still seemed aggressive, but most of the punters on Betfair thought they could get easy money and backed the no more goals option, forcing the price down.
The most I could lose was 0.80 (0.04 x 20), but I could win a full 20 so it seemed a great bet. Sure enough, Ronaldo scored in the 90th minute and I claimed my 20 profit. Not bad for only risking 80p! Thats a perfect example of how laying at very low odds in running can be a great way to profit for very little risk. You should come up with your own strategy by watching the in-play markets for a while; the more unique your idea, the more profitable it will be.
4. Trading On Betfair When Betfair first opened thousands of people flocked to back and lay teams to win and lose, but with time the more astute punters realized that they could guarantee a profit - no matter who won the match. The way they do this is by trading on Betfair, just like a stock trader will trade the stock market; in other words they back and lay the same outcome but at different odds. On Betfair, figures in green refer to the amount you win if a certain outcome happens, and figures in red refer to potential losses. How do we get an `all-green screen`? The way we guarantee a profit no matter who wins is by backing and laying the same outcome, but at different odds. We need to back an outcome at higher odds than we lay it at, and if we are able to do this we can take a guaranteed profit with no downside. This is known as the fabled `green screen` and theres nothing like getting one. For example, imagine we think the odds for a Liverpool win are going to fall. We first back Liverpool at odds of, say, 3.0 for 100. If Liverpool win, we make 200, but if they dont win we lose our 100 stake. All we have done at this point is put a back bet on Liverpool. However, if we are then able to lay Liverpool at odds of, say, 2.0, again for 100, then we will make 100 if Liverpool wins, but lose nothing if they draw or lose.
(Calculations: if Liverpool win we get 200 from our back bet but only pay out 100 for our lay bet giving us a 100 profit; if Liverpool draw or lose, then we lose our 100 back bet but win our 100 lay bet so we break even). As you can imagine, doing this several times throughout the course of an afternoon or evenings football can be very profitable indeed. The trick is to know when a teams price is about to move. The Information Box Go to any match an hour or so before it starts, and click on the outcome. This will bring up the information box for that particular outcome. The information box contains important facts and figures about the outcome in question, and you should always check it out before betting. Lets look at the information box for Cruzerio in their match against Internacio:
On the left hand side of the screen you can see the price for the outcome (Cruzerio win) over time. You can see that the price started off at a low of about 2.30, rose to 2.55, and then stabilised to a price of about 2.45 just before the off. This could have obviously been a superb opportunity for us to trade, by laying first at a lower price, and then backing later at the higher price. You can often see trends like this unfolding and if you can jump on them in time, you can profit from them quite nicely. Above the graph, there is some more information. We can see that a total of 60,320 has been bet on all outcomes of this game, and 33,489 has been bet on this outcome, Cruzerio win.
If we look to the right of the screenshot we can see all the money available to back and lay the Cruzerio win at. You can see that we could back the win at odds of 2.40. This is currently the best price available to be taken, but as you know we could request better odds in the hope of getting matched. Tip: if you want to know which way a price is going, then look at the amount of money sitting in the back side column versus the lay side. If there is more money in the back side, the price will often rise. If there is more money in the lay side, the price will often fall. Use this to your trading advantage! Thats the basics out of the way, now onto the systems.
5. The Draw No Bet Method This is the first of the six various in play methods. The main aim of this method, in simple terms, is to lay the draw on a tightly contested game, where you believe the home side should eventually come out on top. The later a goal is scored, the bigger profit you will make. The only way to lose on this bet is to have a goalless draw in a match (0-0). This form of trading is excellent due to the fact that less than 9% of all professional football games end in 0-0 draws. What you need for this bet is two fairly evenly matched sides but one perhaps with a slight edge. A good example for this would be a game such as Liverpool vs. Spurs or Newcastle vs. Blackburn and so on. It is best to check the league table of whichever country. For example, the English Premier League, and look for two teams about two or three places apart. The home team should be the team higher up on the log and should have the edge over the opposition. The reason is because we want a goal to happen later on. Games such as these are usually kept tight. The longer it goes on goalless before the first goal, the better it is for you. When scanning for matches to bet on, make sure that there is a fairly low chance for a draw in other words the odds should be around 4.00 or 5.00 (go through the daily fixtures on Betfair. The screenshot below will give you a clearer indication.
As I have already said, make sure that the odds for a draw are between 3.0 and 6.0. Then look for a home side with odds from 1.60 upwards to about 2.40. These are the two criteria needed for draw no bet method. The screenshot below will give you a better Idea of a game that qualifies for the system.
As you can see, the draw is at over 4.00 and the home team (Italy in this case), are at 1.55.
This shows us that Italy are fairly clear favourites and should win this game unless an upset occurs. The aim here is to now place a LAY bet on the draw before the kick off! In this example we are going to lay the draw for 100, five minutes prior to kick off (this can be done anytime before really). The odds are at 4.5. Which means our liability will be 350. The screenshot below will show the current status of our bet.
This would be our bet prior to kick off. Now lets fast forward in time a bit. On the 60th minute, Italy takes a 1-0 lead. When a team does this they will virtually automatically start wanting to protect their lead. The odds on Betfair change dramatically. Punters rush to now back Italy because its a dead cert that they will win (according to them) and the odds drop heavily down to 1.25. See the screenshot below for a better explanation.
You now notice how the odds are heavily in favour of Italy and how they have also risen considerably for the draw. You now place a BACK bet on the draw. This must be done immediately after the goal is scored. In this case if you were to back the draw for the same amount that you layed it, you would only make profit it the game ended in a draw. The probability of this happening is very low. What we do now is use the following equation to work out how much we must back the draw for. The Liability [350] dived by the back odds for the draw minus 1. In this case: 350 / (7.60 - 1) = 53.03 You would now place a back bet of about 53 on the draw which will give you the following outcome. See the screenshot below.
As you can see, the bet was a big success. 44.36 no matter who wins and we virtually break even (small profit in this case) if the game ends in a draw.
6. The Home Team Method This method works well with any side who has a good home win record and any side you expect to win at home. If not then just to score first. You should exclude the big teams (Chelsea, Man United, Liverpool and Arsenal for example) for this method due to them never having high odds at home. You always find their home odds are below 1.50 in 80% of cases. The aim of this system in a nutshell, is to BACK the home side to win prior to kick off. In these games a goal is usually scored anytime. So you need to be ready to trade at the right time. When it is scored, its virtually always the home team who scores it. When the goal is scored, the odds drop heavily, not matter how much time has passed during the game. When the goal is scored, you place a LAY bet against the team. Take the screenshot below as an example. The game is between Leeds and Burnley. From the screenshot below you see that Leeds are favourites. See the screenshot.
The aim of this system is to now black a BACK bet on the home side prior to kick off. We will now place a bet of 100 on Leeds to win at odds of 1.88. The screenshot below will give a better indication.
The game kicks off and after about 43 minutes of play, Leeds take the lead. This causes their odds to drop. You should now trade them off by placing a LAY bet for the same amount. In this case it was 100. The reason it is best to keep it the same amount is because we still believe Leeds will go onto win this, which will make sure we get a profitable trade and break even if they fail to win. From the screenshot below, you will see how Leeds odds are now all the way down to 1.26. We must now place a LAY bet on Leeds at odds of 1.26 for 100. The outcome of this will be as follows:
As you can see we now have a very profitable trade which will make us 58.90 if Leeds were to go on to win this match. If not, we would break even, but this method aims on finding home sides with good odds who are expected to easily win the game.
7. The Close Encounter Method This method works between two very evenly matched sides. This type of game can be selected by scanning through Betfairs fixtures and looking for any match where the two involved teams both have odds over 2.00. The aim of this method is to wait for a goal to be scored before the first 20 minutes of the match has passed. When a goal is scored, you must then place a LAY bet against whichever side scored it. The reason for is because when a team with over 2.00 odds scores before 20 minutes has passed, their odds drop to around 1.5 and thereabouts. This means that when you now place your lay bet, your liability is not too big. Seeing these teams are evenly matched, the chance of an equalizer is very common. When they do equalize, the aim here is to then place a BACK bet on the team you first placed your LAY bet on. The reason is because their odds should easily rise to well over 2.00 again, giving you a very profitable trade. The screenshot below between Sweden and Spain gives a clear indication of two evenly matched sides. You can see this in the odds. Both are well over 2.00.
Lets say, theoretically the match kicks off. Spain take the lead after 15 minutes and puts them 1-0 up. The punters then start splashing their money around and after a few seconds the market evens out. You must now place a LAY BET on Spain. The odds drop to a fairly low amount so as you can see, your liability is not high which lowers your risk considerably. In this case, we then place a LAY bet on Spain at odds of 1.58 Take a look at the screenshot below. We have no placed our bet of 100 layed on Spain.
As you can see, on a 100 bet, the liability is 58 which does lower our risk considerably. Now, once again, let us say theoretically, Sweden then equalize on about the 58th minute of the match. We must now place a BACK bet on Spain (the team we placed the LAY bet on). The reason for this is because their odds would have shot right back up again after conceding the goal.
As you can see, seeing its fairly late in the game, Spains odds have now shot up to 2.40 again. This means you must now place a BACK bet to complete your trade for a nice profit. If you were to now BACK Spain at odds of 2.4 for 100, you would have a completed trade. See the screenshot below.
You now see we have a free bet on Spain. If they were to win we would make a tidy profit of 77.90. If they were to end up drawing or losing they would break even. The only problem with this scenario is that we dont know how this game is going to end because the teams are fairly evenly matched due to Sweden being the home side, even though Spain are technically the better footballing side. What we need to do now is to hedge this selection, which is also known as greening up. Instead of placing that 100 back bet on Spain you could have lowered the amount to say about 66. This would have given you the following outcome.
Greening up in this case would have made life a lot easier. We are never sure of this result. Instead we now make a guaranteed minimum of 32.30 with no risk of loss. There is not even a risk of Not profiting. Just remember this method gives you a profit no matter what, but it does reduce the amount of profit you make.
8. The Under 2.5 Goals System The aim of this system is to only start a trade once a goal has been scored. The criteria for this goal is that it must be scored within the first 15 minutes of play, otherwise this system should not be used. The earlier a goal is scored in this method, the better. Take the below screenshot for example.
We can see that for the Under 2.5 goals bet, the odds stand at about 1.74. We need a goal to happen within the first 15 minutes of this game. Theoretically speaking, say for example, France take the lead on 11 minutes through Thierry Henry. The score is now 0-1 to France. We should now place a BACK BET on there being Under 2.5 goals in the game. The below screenshot shows we have placed a bet of 100 at odd of 2.84. (remember the odds have risen because there has already been a goal)
This is very important. The aim now is to wait a few minutes. Say maximum 5 minutes, before you trade them off by placing a LAY bet on there being under 2.5 goals. The reason is, seeing the odds are now higher, they fall quicker. After 5-10 minutes of waiting, we then place a lay bet to green up. Its best to green up in this case because we are once again not sure whether or not there will be more or less than 2.5 goals. Please note, using this method is a bit risky if a second goal is scored while you are waiting to trade off. The earlier you trade off the less risk.
After about 10 more minutes of play, you can see how the odds have once again dropped. The aim here now is to place a lay bet at odds of 2.44. In this case our back bet will be about 85.
If you are still unsure about this, refer to hedging also known as greening up. This will give us the following scenario.
As you can see, we have once again completed a profitable trade. No matter how many goals are scored in this game we walk away with a minimum of 14.25 with no risk whatsoever. Alternative to the Under 2.5 goals System The alternative to this method is to do the exact same, except you place your back bet on the OVER 2.5 goals once a goal has been scored. The reason that this method works is because you can wait about 15 minutes before trading off. The reason being is that say a second goal is scored That will leave about three quarters of the match still to go and you only needing 1 more goal to happen and you will have already won your bet. To sum this added extra up. Place a BACK bet on OVER 2.5 goals if a goal is scored before 15 minutes of the game have passed. Wait another 15 minutes before trading off.
To trade off place a LAY bet on OVER 2.5 goals. If a second goal is scored within those 15 minutes of waiting, you have almost got 2.5 goals in the game already which will mean you are just 1 goal away with still most of the game to go which will mean you should win this bet straight out.
9. The Second Half Trader This trading method requires that the two teams be fairly evenly matched. Examples such as these Liverpool vs. Manchester United, Newcastle United vs. Tottenham and so on are just a few simple examples. Countries such as Spain, Portugal, Sweden, Czech Republic and England are other evenly matched nations. You can always find this out by looking at the pre match odds. If both sides are over 2.0, they are considered evenly matched. The odds on both sides should start quite high. Preferably over 2.0, at least, for both sides. The higher the odds, the better in this case. For this method to be utilized we need a goal to come from either side before the 60th minute. The score can be 1-0 or even 2-1. If these are the current scores at about 55-60 minutes, you must now place. The odds at this time should be about in the region of 1.40 1.50. If not it doesnt really matter, but they should be due to the fact that the game you choose is a tightly contested match. The reason we wait for the 60th minute to start a trade is because everybody knows that during a football game of 90 minutes, when the clock reaches 60, the odds begin to drop much quicker in favour of the side in the lead. Take the screenshot below
Both Greece and Norway are over 3.7. Let us say that in this game, Greece take the lead on about 52 into the match. The odds on Betfair should now read as follows. Once again look at the screenshot below.
Just after Greece take the lead, their odds drop all the way down to 1.53 These games are kept tight so goals dont happen often if the score is only around 1-0 at this stage. The aim now is to BACK the team who scored the goal. In this case, we back Greece for 100 at odds of 1.53. Our bet gets matched. See the screenshot below for a graphical representation.
Our liability now stands at 100 if Greece dont go onto win this game. Now, as we have already stated, when the clock reaches the 60th minute (When we opened our trade), the odds begin to drop heavily at this stage. They drop by two ticks at times. These odds of 1.53 will quickly become say 1.40 within about 10 minutes or so. The aim here is two wait about 10 minutes before then placing a LAY BET to lay them off and secure yet another profitable trade. As the game goes on, we take a risk and leave it for a few extra minutes seeing Greece are having far better of the game and Norway dont look like they will score. After the few extra minutes have passed, we are ready to trade off. Note the screenshot below to see just how quickly the odds have dropped since the 60th minute.
Greece are now down to odds of 1.26 to back and 1.27 to lay. We now want to lay our selection. In this case, it is no certainty that Greece will win (unless the scored a second goal whereby you should then instantly trade them off because their odds will be close to 1.10 or less). We now play a LAY bet on Greece. In this case to profit on every possible outcome we place a LAY bet of 90 on Greece at odds of 1.27. This will give us the following outcome.
This will give us a profit of 19.66 if Greece were to win and an extra 9.50 if the result turned out differently.
Alternatively, if you believe the team who is winning should go onto win this game, you should then place your LAY bet at the same amount as you did for your back bet. This will mean you will make a larger profit if the team wins. If they do not win, you break even and once again risk nothing. Below shows you what you would make had you Layed Greece at the same amount as you have backed them. In this case it was 100.
Now as you see we would make an extra 24.70 on Greece if they were to keep their lead for the game. You can open up trades such as these anytime after 60 minutes. If you open them and keep closing them, you can make a few trades such as this per match. Say you make three trades on this game alone; you would make around 82 instead.
10. Next Goal Method On Betfair for most games there is the Next Goal option. Often punters overlook this option. When the time of the matches reaches the 88th minute mark, people underestimate how many goals are scored here. The best aim here is to place LAY bets. You will see odds of under 1.05, making your liability VERY low. This will give you the option of risking a few pounds to make over a hundred at times. Many goals are scored from the 88th minute onwards on any given match day. If you think about it, say there are 3 or 4 minutes of injury time to go, that leaves another 5 or 6 minutes playing time. If a team is leading by a 1-0 or maybe 2-1 or the game is being drawn but one of the teams was really expected to have an easy victory, they will be pushing for a goal. This might have two outcomes. They get their goal or the opposition counter attack and score themselves. That is why it is best not to overlook the Next Goal option at around the 88th minute. Just remember there is such a little risk involved here due to how low the lay odds are.
11. Automate your trading with software. If you are interested in betting in running or trading then there is plenty of software around to make your job easier. When we place a bet on Betfair, very often we will need to do so quickly and with maximum precision. The Betfair interface is sometimes a little slow, and clumsy, and so we will look to use betting software or `bots` to get our bets off as quickly as possible, and in just the way we intended. This is especially important if we are looking to make a quick trade on an event, but we can also simply use bots to make our life easier, for `one click betting` features which improve vastly on the Betfair interface. I will take you through the most popular 'bots' below:
Bet Angel Professional
Bet Angel offers some very useful functions. For a start, you can place a bet simply by clicking once on any of the buttons in blue to back a horse, and the buttons in pink to lay it. Secondly, you can auto refresh up to once every second, so you are always up-to-date with your prices. Finally, you can enter maximum liability and default stakes so you dont make mistakes. Its a drastic improvement on the Betfair
interface, and I suggest you check it out if youre serious about profiting from Betfair. Check it out by clicking on the link below: http://www.betangel.com Bet IE Bet-IE has all the usual refinements like a definable refresh rate and single click betting but what sets Bet-IE apart is the built in dutching strategy that highlights your runners in orange and then calculates whether the market is in your favour. Click here to check it out http://www.bettingprofitsoftware.com
Fairbot Another bot that you might want to check out is Fairbot, which is available as shareware, so you try before you buy. This software offers similar features, but also has a stop loss and offset facility. You can get a free 15-day trial of Fairbot at: http://www.binteko.com
Betfair Odds Extractor Odds Extractor has been created to allow you to export live streaming prices and volume data from any selected Betfair market to your computer in real time. You will be able to import the file into a spreadsheet or database for later analysis. http://www.betangel.com/products/OE/
Thanks for reading SocaBet! Good luck.
Copyright 2006 All Rights Reserved The Memeplex www.socabet.com

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Thanks for reading SocaBet! Good luck.

Copyright 2006 All Rights Reserved The Memeplex www.socabet.com

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