How to Place a Basic Trade on Betfair Exchange (Beginners Tutorial)
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- เผยแพร่เมื่อ 12 ก.ย. 2024
- You can place a trade on the Betfair website as displayed in this video. However, if you wish to be a successful Betfair trader, it's going to be hard work. To understand the basics of placing a trade it's fine, although professional Betfair traders us API products (more info below).
Watch Part 1 of Betfair tutorial for beginners: • How to Use a Betting E...
Using a trading software application is a good idea. If you're not sure which one to try, see this playlist: • Sports Trading Softwar...
For more advanced tutorials and information see the video course here: caanberry.com/...
You can see my personal equipment here: caanberry.com/...
For more sports betting tips, subscribe to Caan Berry Pro Trader: / caanberry
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This video is a beginners explanation showing how to place a trade on Betfair.
See the linking part to this video here: th-cam.com/video/iBowkNCtAD8/w-d-xo.html
Hi Caan, thanks for releasing these videos, much appreciated.
You mentioned in one about how pre race markets differ, depending on the type of race. I think maidens were used as an example. Any chance of a upload showing the differences?
Thanks again and keep them coming.
Okay so I found your TH-cam channel a week ago, I'm gonna give trading a go, sounds complicated, so I'm gonna take it nice and slow, betfair trading looks hard but I suppose practice practice practice
Good plan. It seems more complitcated than it is at first... although I must also say its not a walk in the park to master.
Looked like a alien planet to me but picking it up slowly this video has helped me loads
bloody hell your hair grows quickly
I have a big question that I feel you haven't gone over at all. It's obvious to calculate how to make a profit based on certain odds. BUT the bets aren't necessarily matched so what happens if it doesn't get matched at the prices you selected? Or on what matched and the other doesn't then surely its a definite loss unless it gets matched? Or is the whole point of laying something your confident the price will drop or increase. Times between back and lay bet etc?
Great video!!.
Quick question, if its the other way round, and u lay first does the "stake" have to be higher than the back ur going to put on?
Or does it not matter as long as 1 of the stakes is higher than the other?
That is correct. The calculation is very similar but you can do it in either direction. There is an explainer here: caanberry.com/sports-trading/
So helpful thanks Caan.
Do you need to provide a driving license to use betfair as I have just recently turned 18 and don’t have 1 as of yet
Is GT a subscription? I’m thinking of ditching OM as obviously not using it atm with the current situation.
Yes GT is sub based. Entirely up to you regarding Odds Monkey, although there is a free version for matched betting at profitrush.com too. Have a look!
On my first try of this I don't understand why if I place multiple bets on one game why can't I cash out each one individually and can only can cash out all of them...Also the confirming bets are confusing I don't understand them. It made me lose a few bucks...My question is if I place a bet on a team and that one wins, do I get the profit 100% or will the profit depend on how many people confirm my bet?
Hi mate...how did you figure out how much to add to the lay part of your bet to make the hedge work?
Forgive me if this question sounds stupid but could I not just put a large enough stake on therefore shortening the odds of an event? I could then lay with the shortened odds (assuming there is enough money to cover that stake at the new price) and lock in some profit ?
In theory yes. In reality, it's really not worth the risk for a big list of reasons... too many to explain, and there may be more than I realise too. I wouldn't do it. You would need an extremely large stake, which would make it hard to get back out on the other side.
@@CaanBerryProTrader Yeah I figured that may be the case. Thank you for the response!
Did better today at Tampa. Profit every race for a change! I’m doing this on Smarkets only as I have got used to it with matched betting. Think I’m still a bit scared of Geeks toy atm lol.
Tampa Bay? you'll struggle to trade effectively from any exchange website platform. They are just so slow and have such little information on offer.
@@CaanBerryProTrader Yep I am finding this especially with the current situation.
I am not clear on the 3 columns for lay and 3 columns for back all mean? and how would you decided which column to pick?
Hi, there is a link here that explains backing and laying: caanberry.com/sports-trading/
Pink is lays, blue is backs, the centre is the price they trade at.
I want exchange apps Demo and any fruds available in exchange apps plz video
can you bet live games in bet exchange?
Yes
Trading software Caen berry
Ya best bet today 14 april ??????
That you cant use a credit card to deposit anymore! (14 Apr)
Please give some discounts to your courses
The courses normal price is already massive value!
Nice hair.
Thank you! Had to go...