Betfair Trading Explained by 15 Year Professional Trader - Caan Berry
Vložit
- čas přidán 27. 08. 2013
- See the full written explanation in slow-time here: caanberry.com/sports-trading/ after watching this screen recording. The software used for Betfair trading in this video is Geeks Toy for Betfair.
Betfair trading is the process of placing two opposing sports bets in order to secure a result, similar to cashing out. However, Betfair trading is done with a specific edge or piece of advantage information in mind. If you incorrectly predict price movement on Betfair's exchange you will need to close your trading position for a loss.
Always do your own research and ensure that your Betfair trading has a logical method in mind, do not take risks! This video is for informational purposes only.
Here's a follow-on Betfair trading strategy: • Horse Racing Trading S...
This video explains Betfair trading with a video example on the screen by Caan Berry.
If you're interested in in-running trading, would also advise you check out this: caanberry.com/in-running-trading-tool/
Which betting exchanges would you recommend ?
@@billybhoy32 Betfair is the only stop really...
@@CaanBerryProTrader what about matchbook ?
@@billybhoy32 Look at their commission structure. You lose money before you've started so trading is out, unless you want every scratch trade to result in a loss :)
@@CaanBerryProTrader Thanks for the replies.
Fantastic video. Just what i've been looking far. Cheers mate, great stuff.
Glad to hear it!
Its mad how many peope don't realise the potential on offer. Well put, thanks
This video helped very much. I have been watching a lot of your videos and mostly been scratching my head trying to figure out how to profit either way as I just kept coming up with essentially free bets (with a risk of unmatched bets). Didn't realize I needed to click the green numbers to place the amount required for profit either way. Do you ever do any live streams so we can ask questions or live chats? There is probably a million questions I could ask. Also, is it really much of an issue that I'm not really much of a sports fan? Thanks for the videos and help.
Thanks for sharing your experience, I've been matched betting for a while and am now trying to study betfair a bit more, so this is very helpful 👍
Cool. Matched Betting is a slow burner but it works. A worthy stepping stone in to trading. Have you tried profitrush.com ? It's free to use.
Every now and again I re visit this vid, my first one on trading I ever watched!!!
Hey Caan! Great video, got me lost at the first run, but then I watched some others that explained the same concepts in other words, and slower (wink), and when I came back to your video, the second time was much clearer.
I'm just confused about the "hedge" (did I get it correctly?) thing you're doing. What is that exactly, and what is its point? Is it necessary after the back's and lay's? Because it seems to me like it's just reducing your profit.
Thanks
Your videos are really helpful. Cheers Caan
I must admit i am in a similar position to many of the other comments ... i understood the video until about half way thru ... but i think the video is good, I just need to learn more and re-watch it. The principle of the Back and Lay bet and working them together I understand. It is the trading part I need to study more ...
Sure, not an over-night process.
Great video explained it very well!
very well explained. Thank you for the effort!
Cheers, no problem. Some of the other, newer videos perhaps display things a bit better.
Great video well explained. Should you keep your trade open inplay? Or is that a recipe for disaster?
Excellent video Caan, I really don't now why 3 people have given it the "thumbs down". Maybe they've lost a few quid in the past and now hate to see anyone succeed.
Just wonderful, I been tryin to find out about "betfair lay football" for a while now, and I think this has helped. You ever tried - Nanroocer Trading Tiptronics - (just google it ) ? Ive heard some decent things about it and my buddy got excellent success with it.
This is probably the best video I've found to aid in understanding the trading side on exchanges. The real time trading example with Geekstoy is far superior to the theoretical example given earlier in the video, the standard betfair interface is terrible for trading.
My initial impression is that there's a finite amount of money in the market at any one time, and if there's a trend to be predicated or observed there will always be a professional trader one step ahead. Is "pump and dump" a thing for trading betting exchanges? Seems like the speed of software would allow a precious window of opportunity.
I've visited this a few times now and each time it's making more sense. I've been matched betting a while and moved in to laying horses. I've made good money laying but obviously it comes with quite a margin of potential risk at times. Maybe I will just get Geeks Toy and start trading as I normally do through the interface and gradually get a feel for it before attempting scalping.
Wow! You do it for a living what a career congrats to you man
totally get the video great thanks
as a side note I know you can't predict but is there any general.rules on which way a horse will.go
e.g. 5 mins before a race fav will come.in and 2 and 3 horse go out or is there no coming patterns
Very good video
That's the way to do it
On football the 2.5 goals market
Are you still doing it
Really interesting, making decent cash with matched betting but it will never be full time. The ‘lower risk strategy’ you showed to just make a few quid. Do you reckon you can keep risk low and consistently male a little if you are cautious if don’t get greedy?
Am loving the videos I've been matched betting for 10 months now with quite a few "friends" and am almost earning as much as my job i'm slowly getting my confidence up in trading ( i'm only doing £10 stakes until I get the feel for it ) as I aim to go full time soon and combine both for a decent income. I've learnt a bit about Horse Racing while MB'ing, am i right in thinking the more you know about horses the better? as obv MB'ing doesn't require this? If so can you tell me what to study first and where to find some info? And will a starting bank of £1000 be enough to push on? Thanks again for the vids
Nice video still good info after all these years.
Glad it was helpful!
Hi caan, great video! I was just wondering if you could lay all horses? Providing the total amount of payout from losing 4 horses exceeds payout of the single winning horse. Also on bet fair there seem to be some extraordinary lay odds of over 940! why is this?
hi Cann, really impressed with your work, just a few questions I don't get home until around 8pm each night, as I am missing most if not all UK racing could I trade on USA AUS racing? do you have any tips for a newbie starting out? thanks in advance!
in this video you go for a larger priced horse, would you normally do that of is the fav the horse to play? Also is trading generally a good way to make a steady profit? and do you always back first and then lay..or do you do the opposite if you see the price going out? ie, lay first then back?. thanks. I'm looking forward to trying this as I think this could be a good source of income.
Great video, slightly understanding it. Great trade £7 profit from one race
but thanks to betfair 5 % comission he should be 2 euro behind than before betting
Hi caan, makes good sense to me, but notice on some of your other swing trading vids this method is not used. Is there a reason for this ? Will try out this method in the new year
Thanks tw.
I’m going to watch all videos from the 1st hopefully I can also do it for a living
Just wanted to ask, what about commission? Also, surely how much you make is limited by how much you can get matched?
Great video though made it very clear - how much is that software out of interest???
Great video, only thing I don't understand is why would anyone back at a lower price available or lay at a higher price ? I see it usually has 3 prices available on each side with the middle blue and pink ones representing the best value. Why would anyone not choose these and go with the outside ones ?
great video still trying to leanr, do u know any program like this to use in mac? and for free if its possible hah.
Also if u dont use any pogram how you calculate the benefits or looses u can get in the exchange dependind on the oddds etc?
hi mate banging video whats the software you recommend for the quick bets. how much is it? so the main thing you are looking for is a higher back odds than lay is that correct
Trading software I use is Geeks Toy. 6 quid a month.
I think you made a good video there Caan
hi Caan, great video, but i'm confused, how is trading different from gambling? how do you know which direction the odds will move? you could lose money as well as gain. With arbing theres a guaranteed profit, and if you only arb on high profile football matches, hopefully you fly under the radar and they dont ban you (is this right?) cheers.
Thanks for the great video. A short question: If I lay and back the same selection and secure a sure profit as you did here, do I get my stakes back immediately? Or do I need to wait till the end of the race so that all trades are resolved?
No, its only the profit or loss that is resolved afterwards. As you mention, the balance would be there instantly the whole time :)
Hey, great video, I always wondered about backing and laying on betfair. I have done Matched betting, which involves bookies, but this is ideal as bookies are greedy robbing muppets. Is this easier and/ore more profitable than matched betting? Thanks.
recognise Albert Park beach ...very interested in this Greg.
is it just for betfair we can use the software with or really any betting website ie: bet365?
Hey mate
Great video! Im new to the trading, have been doing ok so far, just small stakes to get my head around the process. I know markets are generally incredibly unpredictable, but what indicators can you give for being able to "forsee" a drop/increase in price? Im just getting caught out sometimes, thinking that the price will drop so I back, and then it rises and doesn't come back at all... leaving me in the red.
Any advice would be awesome :) keep up the good work!
If you think it’s gonna drop everyone does so everyone backs and it raises
Hi you told us a great idea of earning money .... i want to ask you is this bet plan is only for UK races or for all races america , france , south africa etc plzzz tell me .......... waiting for ur reply ... thanks
I’m trying to get into exchange, wonder if you could explain why sometimes the odds on blue (back) are so different to the one on pink (lay) for example 22 back and 36 lay? I don’t really understand why you need odds for lay bets. Surely you just make that up?
Hi Caan. Great video and very inspiring. Can I use Smarkets for Backing & Laying or just Betfair. I've tried to on Windows 8, also iPad & iPhone but not getting anywhere with it.
As you did in the above example. You back Bennys Quest at 4 and Lay at 3?. I'm wondering if this can also be done on Smarkets account or Just Betfair account?
You could do this with other exchanges too, yes. However, be warned there is nowhere near the same amount of liquidity on alternatives.
wow this is amazing i will defnetly try it, did you have any problems withdrawing your profit and do they have skrill or paypal
They allow all methods I believe.
what bankroll do you need to do something like this?
The more I practice the pre horses the more I believe that fill rate on your selected horse is the most important market factor for scalping a race succesfuly, more so than the course, time of day, price ranges and overall market liquidity etc. Do you agree ?
Fill rate is very important. More than the unmatched. Yes
good video, what was the name of the software you used, couldn't quite make it out?
Geeks Toy.
what betting software do you use ,
nice explanation, but im new to this and it looks complicated, love to understand it ....do you have any tips for absolute beginner? i thought when you put a bet on that was it and you wait till the end, but it seems you have to keep tabs on those numbers.....confusing
Thank you so much for taking the time to answer.......i will take a look thank you ;-))
Hi Caan, I’m just learning now and I’ve got a question; what is the most efficient way of learning about the market and the strategies? Online courses or books?
Both!
Caan Berry Pro Trader how long did it take you to learn everything because I seem to forget everything I read?
Also, which online courses do you recommend?
@@iiij33jiii28 lool you got blanked lmaooooo
I really want to try this but seems so confusing like all the graphs and things. Is there a way you could lose money by doing this?
does anyone know where I can get free tips as to what games to bet and lay on please? cheers
Does this still work because it’s not working for me. I did everything you said to do to a tee and for some reason before I place the bet, it says that I’m either going to make no loss if any of the potential outcomes come through or in some cases it even says I’m going to make s profit no matter what. This is before I place the bet but the moment I place the be one of the potential outcomes automatically changes to say that I’m going to make a lose if that’s what happens and I always end up making a lose. I’m not sure what I’m doing wrong. Also how do you decide to put the 4 and 3 for your custom odds.
The problem is knowing which way the price will move. There doesn't seem to be any logical way to judge this.
how do I hedge the whole market im slightly confused about it?
There are 3 points on the ladder, at the top, the market navigator and the profit and loss column. It places the counter-position for you.
Hi. If the back or lay isn't matched before or during race. Do you get your stake back ?
No, you have to hedge up either way.
Can you do a lay on every player/runner in a race? Or is it a case that you can only pick one for each race?
+Caan Berry thank you for your reply, I appreciate it
Tormented Darkness what was his reply?
G H I can’t remember...it was a couple of years ago lol
Betfair market online id me cashino khalna chaye ya nahi please answer ❤️❤️
please can you make a video on the same thing but on football or maybe other sports because this is really good, i will recommend my friends to watch your video and defnetly subscribe cause its amazing i learnt alot from this video thanks
Betfair takes really high comission up to 5%. The maschine of betfair makes trading I thought. I heard of matched betting. But betfair tradings sounds really crazy. In Germany we only can use matchbook. Germans are limited
You can get 2% now if you opt in
Why did you back 3 times? Why not just back once then wait for the price to come back down before you laid it?
Would love see see more details and hint from yourself but not a twitter user.
Hi loved the video i'm new to training and was wondering, if someone places say a lay bet for £45 on a lay bet on really high odds off 110 or something and i backed it at the same odds for £2 and say my back bet won or what would happen? thanks
You’d win £220. But if someone layed a horse at odds of 110 for £45 and it won the race, they’d lose £4,905
Hi i try to place bet at same selection but always msg came that back bet can not be less than lay. Like you change odds if we change some time it says not matched so what should we do in such situation ?
You have to get the price movement for the match or the postion is left open and you have to hedge for the loss.
What about the commission that betfair charges?
Hello the first betfair clip when you back and lay.. You changed the odds. What happened at the end? Did you win.. As you said you would win no matter what happened and I wasn't sure if the odds you changed were matched or unmatched by the end. And what if they weren't? Would you have lost everything? Thanks
Caan Berry thanks so much for replying! I copied what you did with small stakes and I completely broke even so bit confused lol but at least I didn't lose so I'm hoping I can see where I went wrong. Will check out the link you provided thanks so much and for the informative videos :)
Caan Berry thanks so much!
If you go on chit chat please tell them do wah diddys been banned but he still looks in every day thank you
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 will win, do I get the profit 100% or will the profit depend on how many people confirm my bet and how much they bet?
you can cash out any individual bet. the standard website functions may not be too helpful though. have a read of this to understand - caanberry.com/sports-trading .
why you using the slow manky betfair site and not gruss software
Does this work on unibet?
Hi, what was your reasoning behind assuming that the odds would come back down? you placed multiple back bets.
where do you share an in depth amount?
What is the name of the software he uses ? I couldn't make out what he said. Was it geet soy pro ?
***** ok thanks. Yes it's geeks toy.
Sir ji Betfair casino koe chiting to nahi karta please answer ❤️❤️
When you was adusting the odds the make it so you won no matter what with the stakes off 200 and 250, would you need to set the stakes to particular odds or can you pretty much place what you like as long as they get matched? so for example England on the weekend, can you set the odds to win at 4.0 and the lay at 1.15 and stakes to show the profit or loss?
If its not matched do you lose your money or would you get your money back?
Great, thank you.
I think being good at this you have to be a patient person. I like to look at the in-play form myself
Hello! Recently I have started doing a bit of matched betting on football and I'm profiting a bit, nothing crazy, but it's just something to do during lockdown. My question is, if I am matched betting and say I back a football team at 4.00 for £20 on the bookie's and lay them at 4.2 on the exchange with a free bet I am guaranteed £14.07 in profit.
BUT, if I see during the match that on THE EXCHANGE the BACK odds have moved to 5.4 and I backed them for £15 the little 'what-if' indicators all show green at around £4/5 each. Should I confirm that, would I then have ALSO made a successful trade in parallel to profiting from my free bet and in total have earned more like £19/20 or somehow does something cancel out (my brain is spinning).
Yes, and no. Here is why - if you back with the bookie at 4.0, but lay on teh exchange at 4.2 adn then the odds move to 5.4, you have indeed made a successful trade on the exchange. But in closing out that position on the excahnge or adjusting it you are changing the exposure for the matched bet on the 4.0 option. Probably best not to mix the two :)
@12:55
Can someone post a link to the calculation of the odd and stake size, 6.8 * 1.42 = ~$10 (hedge value)
The calculations and numbers are all laid out in this article: caanberry.com/sports-trading/
Seems everytime i back a horse his price drops. And vice versa.
That's a bias in your thinking I suspect. It often feels like that at the start, but the reality is probably that you are backing with the view to lay and remember when it moves against you? Frustrating I know. You gotta find the pattern in the madness and noise though.
You try to back at a higher price than you lay. Sounds easy but its not.
Just to clarify, if you had placed the sets of bets on betfair at those odds (assuming the bets were matched) you'd be guaranteed 65 quid in profit less any commission?
Yes the commission comes out after the hedged figure.
@@CaanBerryProTrader and is it common to be able to have those bets matched and make a constant profit as such?
Sir , I am from India . Please help me in cricket betting .
What's that app you using?
@@CaanBerryProTrader thanks
Is your 7 GBP before or after Betfair 5% commission?
Commission is added after the market is settled, so its charged on the winnings only.
The bit i don't understand is how do you know which way a price will go.
I think he relies on the volatility to cover his back
But the problem on Betfair the beck odds are lower that lay odds
Hi Caan, in your opinion, what is the best market in football to profit on?
what if i back on 7.8, when suddenly a goal happened, it rise to 15? how can i deal with it now?
+Endi Niu You either pray for odds to fall back or sell a kindey to pay debts.
where can I find your book mate. what bank roll would I need to start this
But they don't accept this difference between back and lay never, such to make a profit (1 point difference). Not before to start a competition, because it would be to easy.
You changed backers odd's manually to 4. So can you change it to whatever you like? Why not then change back bet to odds 100 then you can win 100 x stake when the horse wins. 🙂
You can change it to what you like, but the price has to be trading at that price in order for it to get matched.
This £7.88 profit that you made, does it in only go to your account if Mibleu wins? Or if any horse wins you still have made that profit?
So for example if there is a live football match, and I am laying and backing odds throughout the game on the team that I think is going to win, and the net difference was say £2. Do I get that only if the team wins? If they draw or lose I get nothing? Is this any different from the video? Sorry I'm a bit confused haha
Do you have to pay tax on this? Thanks
Caan Berry . Great, what to people typically make when doing this?
Caan Berry . That's a refreshingly honest answer, I like it. I'll check out your other videos, thanks
Hi what was that software you use
Scott Geoffrey my mate made 20k in 1 day there’s guys making millions a year buddy if you know what your doing and have a big bankroll
Scott Geoffrey shit loads they just won’t tell you I got a mate that makes 6 figures every year but trying to learn there secrets good luck they will never tell you would you
dont forget 9 euro comission , so u are winning -2 euro great stuff...
Hi Pablo, this is incorrect mate. You only pay commission on the winnings. So the commission would have been charged on the proft and amount to a few pence.
I want to understand this but still don't get it..you're far too fast for me., is there something I could read that will explain it slowly?
I have spent months researching into how to win sports bets and discovered a great website at Simple Sports Goldmine (google it if you are interested)
thank you Kapila :)
You need to careful with this information. It's explained as if you can't lose but keep in mind not all if any lay bets will be accepted/matched.
You have to get them matched yes... just like if you were trading shares.
Great video. Cheers. You kept saying though "you was" instead of "you were", a bit annoying.
+Caan Berry lol. No worries. I'm just a grammar nerd :-D
Hi Do you run any courses?
Ok cool so the best place to learn is from your youtube vidoes?
how do you back at 4 what if it does not get matched
ok thank you @@CaanBerryProTrader
No problem.
Surely this is just arbitrage betting. You get banned for doing that. What about using different exchanges against each other, like Smarkets or matchbook. They don’t even charge any commission where as betfair does
you cant get banned by exchanges. You are taking value from other traders/bettors, not the betting site ie paddy power. The exchange makes money either way through comission.
watched 5 times still dont know how geeks toy works lol
You're moving the mouse around so fast I cannot see what's you're doing.
Sorry, new videos have highlights for the mouse.
I still