Today I want to reward you with another tip which you can use to earn money on Betfair. Remember my forte is In-play trading. That is where I excel. So most of the time, i will be giving Tips you can only use in-play.
Why I like in-play trading is that most times, you can come out unscathed. It does not matter the outcome of the game - You end up a winner mos of the time.
Today my tip is on Backing the the Over 2.5 goals market.
what you do is choose a game you feel the will be at least a goal. Majority of the games will have at least one goal, so it is not difficult.
Wait for 5-10 mins after the start of the game so that the price can go up a little up to 1.60-1.70, depending on you. Then Back the over 2.5 goals.
Immediately the 1st goal comes in, you can place a LAY bet for equal gain (i.e. you lay it in such a way that you get the same amount whether it is over or under 2.5 goals eventually).
To calculate the amount to lay to achieve the same margin, use the BACK/LAY calculator at www.arbcruncher.com
With the above, you can achieve along term profit at Betfair.
Let me illustrate this further.
Take for an example, you BACK 2.5 goals at 1.60 with $20
when the first goal comes in, the price becomes 1.15 to lay.
All you need do is LAY the market at 1.15 with $28.70 to achieve a guaranteed profit of $8.26 irrespective of the final outcome of the game. You gain the profit if it ends in under or over 2.5 goals. Plus your stake money is returned 100% to you. This is called Greening Up.
Once you achieve above (that is place your corresponding Lay Bet), you can go do something else, knowing your money / Profit would be credited to your acct at the end of the game - usually 5 mins after the match.
Hope you paper trade (Test) the above strategy and see for yourself.
Whatever said or done, you need to open an acct with Betfair. You can start with any amount (e.g. $100). Make sure to use the link on the top right hand side of this page to create your acct and get $35 free from Betfair. Lucky trading.
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