Trading Sports on the Betfair Exchange is what I am spending most of my free time doing these days. Unlike “Matched Betting” it’s not easy and you’re not guaranteed to make profits, but long term if you can master it the potential profits are HUGE.
I’m knew to Betfair Trading having started in January 2019. I’d been doing Matched Betting (MB) successfully for 3 or 4 years and made good money at it. When I stumbled onto trading on the exchange, by accident, I immediately saw the potential of it.
If MB is checkers trading is chess, and money wise there is no comparison regarding what the top earners make.
When I was taking MB semi-seriously I was earning between £500 to £1,000 per month at it dependent on how much effort I was putting in, which as a sideline to my main job was very good. However the top earners in trading who are doing it as their full time job and are making ridiculous amounts of money.
I’m a newbie at Trading!
If you don’t have a lot of experience using Betfair and you haven’t done MB I would urge you not to try Betfair Trading until you’ve mastered MB. Learning MB won’t take you long and that experience will pay dividends when you start to trading.
I started off badly with trading and was down £833.55 at my worst point. (25th Feb) The main reasons for that were stupid rookie mistakes and trying to run before I could walk.
After about 6 weeks I started to stem the losses and begin to break even and over recent times I’m starting to show regular profits. Only small profits but profits nevertheless.
Once you can do that, then like poker when you master low stakes you can start to move up. Currently I slowly bringing my loses down and although it will take a while at the stakes I’m using I’m determined to get back to even before I look to increase my stakes.
The video is of poor quality so I will re-do it as soon as I have some spare time, but I wanted to at least give you the option to see what trading on the exchange actually looks like.
Betting Exchange Software
I have tried virtually every single trading software out there and I am in the process of compiling a review of all of them. I will post this as soon as it’s done.