Betfair Tips and Hacks To Help You Win

Nigel Skinner Blog Content Manager

Football Manager Expert and Political Betting Specialist across Exchange and Spread Betting Sites

My Betfair History

It's around 20 years since I joined Betfair, and to be frank it's not all been a bed of roses, there have been plenty of thorns since 2005.

I thought I would pass on some of what I have gleaned from this 20 year Betfair tenure, and hopefully guide those who are just starting out.

For those who are completely new to Betfair or one of the other exchanges please visit our comprehensive betting school article.

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I have made plenty of mistakes on the Betfair exchange until I found out how to use the Betfair exchange in the most efficient way.

After all those years years on Betfair you can imagine I have watched hundreds of betting exchange markets and you would be right.

Everyone Makes Mistakes

You will make plenty of poor decisions on a betting exchange. Gradually cut those poor decisions out and you are on your way to making a profit.

Market watching can be tedious but it's something that needs to be done if you are going to risk your money and ultimately win on Betfair.

Remember this is a Betfair tips guide to using the Exchange and not the Betfair Sportsbook.

The Betfair Exchange Trading Guidelines

1. Every time you watch a Betfair Exchange market, you are banking that information in your brain, and that gleaned information can help you in the future. Think of it as a good use of time.

2. Refrain from trading every Betfair betting market; only trade markets you fully understand and have followed over time.

3. Do not try to compare your Betfair trading figures with others. They may well have started with a bigger bank, and their success has no influence or relevance on yours.

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4. Specialise in 1 sport and immerse yourself in it, reading and learning as much as you can. This focus will make you an expert in your chosen field. Understand how Betfair markets work, especially in the market you are trading on and in. This knowledge will empower you and give you a competitive edge.Get organised and be free of distractions.

5. Never risk more than a small percentage of your overall funds or Betfair bank. The market can turn quickly, especially these days when big players and institutions can have a huge influence on the figures in front of you.

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6. Listen to what the betting market is saying. You may have entered the market with conviction on a trade; however, if the market is signalling the opposite, then take heed.

7. Markets are efficient, and all the information available is displayed via the prices.

8. Beware of 'spoof money ', which is a tactic used to deceive traders by posting large amounts of money to create a false impression of market sentiment. This can lull you into believing that a selection will perform well or poorly, so always be cautious and verify the market signals.Look at the average prices and the highs and lows the selection has traded at. This will give you a snapshot of its Betfair trading range.

9. Do not worry about losing. Losses help you learn and teach you to be cautious. If you are only risking a small percentage, then your Betfair bank can handle this.

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10. Compare and contrast prices from all the Betfair selections, not just the one you are interested in. You may have an event where plenty of selections are seeing support; you need to know this.

11. Remember, you are not looking for the winner but a selection to move in your favour.

12. Look at the worst-case scenario before you trade and have a Betfair exit strategy, You need to know this as it will affect Betfair prices.

Your internet connection may go down.
A horse may bolt to the start.
A player may get injured in the warm-up.
A manager may say we are putting out a weakened team.

13. Enter the Betfair betting market when ready for the sport or event you have studied.

14, If the market goes against you, cut your losses. Do not let losing trades run; there will be another trade along shortly.

15. Make sure your Betfair trades are:

Small Wins
Big Wins
Small Losses
Scratched

It's crucial to avoid significant losses at all times. Remember, no one knows about your wins or losses, so no one should care except you; you must care passionately. This caution is a sign of responsible trading.

Imagine if you entered the market with the mindset of not losing rather than winning. Would you be more cautious? I suspect you would have that no-loss mindset at all times.