SocaBet

SocaBet.com – Soccer Betting System

© 2006 SocaBet - Soccer Betting System - All Rights Reserved - The Memeplex

SocaBet! The Soccer Betting System

Copyright 2006 – All Rights Reserved

The Memeplex

www.socabet.com



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Table Of Contents

1. Introduction 4

2. Betfair Introduction 6

3. Betting In Running 18

4. Trading On The Betting Exchanges 21

5. The Draw No Bet Method 25

6. The Home Team Method 30

7. The Close Encounter Method 33

8. The Under 2.5 Goals System 37

9. The Second Half Trader 40

10. Next Goal Method 46

11. Automate your trading with software 49



1. Introduction

Okay, so you’ve heard this one before, and probably are rightfullyskeptical about it. I don’t blame you.

Many offers on the internet are about as true as they are tangible.There are however, real people, making real money on footballthrough the new phenomenon of trading.

This isn’t just a few pounds here or there, these are big moneyearners that are making hundreds of thousands of pounds a year.

Accountants and lawyers wouldn’t walk away from some of theprofits of Betfair traders today. There are some people that makethousands off of these techniques, and never need to leave thecomfort of their study.

That doesn’t mean they don’t work for their profit, but instead ofinvesting all their money on one team, taking huge risks each time,they look for imperfections in the market and profit from thesemistakes.

By developing the skills contain in this book you can make a lot ofmoney from the betting exchanges.

Still not convinced?

I don’t blame you; there is everybody under the sun these dayssaying that Betfair is a goldmine, a way to find stupid peopleplacing stupid bets at stupid prices.

Well those punters have since disappeared from Betfair, and now itis a much more sophisticated market, but not without its flaws.



SocaBet will teach you the areas where these imperfections arisefrequently and the simple indicators used to spot them and profit.

Steven Lee Jones

SocaBet.com

PS: Thanks to Stephen Brookes from www.inplayprofits.com andwww.f1tradersystem.com for all his help getting this project offthe ground.



2. Betfair Introduction

Betfair is the world biggest betting exchange, a site that allows youto place bets against millions of other punters around the world,and on different sporting events from horse racing to basketball,from cricket to soccer.

The way that Betfair and the other betting exchanges work isdifferent to the traditional bookmakers that have gone before.

If you place a bet in a traditional bookmaker, you are basicallybetting against the bookmaker. If you are correct, you win moneyfrom the bookmaker, but if you are wrong then you lose. Thetransaction is between you and the bookie, and no one else.

The first difference between Betfair and the traditional bookies isthat the site doesn’t actually take any bets itself.

Rather, Betfair simply acts as an intermediary, a marketplacewhere punters from around the world can come and bet with one-another. All Betfair does is supply the interface and keep track ofwho owes who what. This makes for a very fluid market, with odds(also known as `prices`) changing literally by the second asdifferent punters come and place new bets.

The second difference between Betfair and the traditionalbookmakers is that Betfair allows you to bet against a particularevent occurring. This process is called `laying`, and is unique tothe betting exchanges.

Laying is not as complicated as you might think. It certainly isn'tas complicated as many people will let you believe. Laying is liketaking on the role of the bookie. It is simply betting that an eventwon't happen.



So if Chelsea are playing Bolton Wanderers, and you lay Chelseaand they lose or draw the match, your bet wins.

If you lay Chelsea and they win the match your bet loses.

Lets run through a quick example so you understand this fully.

We lay Chelsea at odds of 3.00 (2/1 in English odds) for £10

If Chelsea win we have to pay out £20

If Chelsea lose we win £10

If Chelsea draw we win £10

As you can see the lower the odds, the less we have to pay out.

For example, say we think that Chelsea will not win the league thisyear. We can back against them, or `lay` them. If Chelsea fail towin, we will win money from the bet equal to the amount we bet,which is called our stake.

Of course we can also back an event to happen. For example, if wethink Chelsea will win the league this year then we can choose toback them, and if they do go on to win, then we will collect aprofit (how much profit depends on the odds that we took when weplaced the bet). The difference between backing and laying iscentral to understanding Betfair, so you should try and grasp theconcept before we move on.

Remember then:Backing is betting an event will occurLaying is betting an event will not occur



To lay a team to lose you have to use betting exchange. Unliketraditional betting where there is a bookmaker who sets the oddsand punters who either take the offered odds or walk away, abetting exchange is simply a website where visitors can bet againstother visitors on a range of events.

All bets on the exchange have been placed there by users whoeither, want to place a bet in the normal way (back), or offer oddsto other punters (lay).

Bets are matched between people with opposing views. Just aseBay matches up buyers and sellers via the internet, bettingexchanges' matches up customers who want to strike a wager.

You never know whom you are betting against, your privacy andthe confidentiality of your bets is maintained by a secure site.

To become a member you simply have to register a debit or creditcard and place some funds into your account. Once you have donethis you can start to use the account straight away.

There are a number of betting exchanges available on the internet.Below I have listed a number of exchanges and their URL's.

Betfair is by far the biggest betting exchange in the marketplace. Itis the one I almost always use as it has the most liquidity available.

FREE £20 – If you would like £20 for free, simply sign up to Betfair usingthe following link and type in this code – HKVKENPGW – in the 'Refer andEarn' box. Your account will then be credited with £20.



http://www.betfair.com

The other betting exchanges include:

http://www.betdaq.com

http://www.betsson.com

http://www.backandlay.com

http://www.ibetx.com

http://www.parbet.com



So, now that we understand how Betfair works, it’s time for us tocheck the site out for the first time. Open your web browser, andtype in:

http://www.betfair.com/

You should be greeted with a screen that looks like this:

The first thing that we want to do is to sign up to the Betfair site.Click Join Now, at the top of the screen, and enter in your details.

Now that you have signed up to Betfair, you are ready to place abet!



The following instructions are designed to help you place lay betsusing a betting exchange. The user guide uses Betfair as anexample as it is the exchange you are most likely to use.

If you haven't registered you will need to click on the 'Join Now'button and fill in your details. If you have, simply fill in yourusername and password and click 'Login'.

First things first, though. Have a scroll through the menu on theleft hand side of the screen, and run through different sports. Makea note of all the different sports that Betfair covers:



The left hand side of the front page will looklike this, and is a list of all the differentsports covered.

Click on 'Soccer - Fixtures' for a list of allthe football matches coming up on that day.

Of course if you are trading the night beforethe match you will click on 'Soccer'



The list of sporting options willchange to show a list of games forthe day, happening all over theworld.

Simply scroll down and from the listof matches and click on the matchyou are trading on. Select the gameby league and kick off time.

Lets choose the internationalbetween England and FYRMacedonia on October 7th, 2006. Wecan choose from the followingmarkets.



The list of football matches willchange to show a list of marketsbeing offered on this match.

Simply scroll down and from the listof markets and click on the marketyou will be trading on.

Lets select match odds for simplicity.



The football match odds will come up on the screen and will lookconfusing at first but it is quite straightforward.

To the left we have the three outcomes, England win, Macedoniawin and a draw. The first three columns of numbers after theoutcomes' names show the odds for backing the outcome, with thebest odds in the blue squares.

The decimal figures are the odds and the figures in pounds are theamount available to bet with. Basically, this means someone elsehas laid the outcome at this price with the amount of money shownbelow. They are waiting for someone to accept their offer.

The second set of three columns show the odds for the outcome nothappening (i.e. lay bets). Again the best odds are highlighted inthe pink squares.

As before, the decimal figures are the odds and the figures inpounds are the amount available to bet with. Basically this meanssomeone else is requesting an opportunity to bet a certain amountat their preferred odds and is waiting for an offer to lay at thatprice.



Click on the best odds (in the pink square) for the outcome youhave selected to lay. The right hand side of the website will nowchange, showing the outcome (England, Macedonia or Draw), theodds selected and asking for the backers stake as follows:

You can change the odds to whatever price you are comfortableoffering Type in the amount you want to lay the outcome for inthe 'Backer's Stake' box and Betfair will automatically work outyour liability (i.e. The amount you stand to lose if the outcomeresults).

Once you have done that click on submit in the bottom right handcorner of the page. You will then be asked to confirm your bet.

Click on yes if you are happy with it.

The screen will now change to show whether or not your bet hasbeen matched. If the bet has been matched, then the bet is placedand you only have to wait for the results.

If the bet is unmatched you have several options:

You may wait to see if someone else comes along who is preparedto accept the odds you have specified.



You can change the odds in order to match a backer who isoffering different odds.

Or you can cancel the bet.

It is also possible for your bet to be part-matched. This is wheresome of your stake has been matched with a backer, but some hasnot.

Using Betfair is relatively easy once you get used to it. If you arestill unsure of anything then Betfair offers comprehensive onlinehelp. For an easy to follow user guide simply go to the Betfairwebsite, click on the help menu and then on the view our demobutton.



3. Betting In-Running

Up until a match begins, you can place bets to back or lay aparticular selection – this much you already know. On most events,once the event starts, though, the betting ends, and you can nolonger punt on the outcome. Some events, though, can be bet onafter they’ve started, and this is called `betting in running` or`betting in play`.

All English Premier League matches can be bet on in running, ascan many European and International football games. In fact thereare literally dozens of matches to be bet on in running, on anygiven day.

As you can imagine, betting in running can cause some dramaticswings in price, as punters react to events during the game, such asfree kicks, corners, and red cards. In running betting is not for thefaint hearted.

However, there are some punters who make a living by layingoutcomes (betting against them) in running. There are multiple inrunning laying strategies that are used and I will cover a couple.

The first strategy is called laying the field.

Given that there are big swings in the prices of all of the outcomesin any match, some punters look to lay the field at very low odds.In other words, they lay every outcome just as the game starts, atodds of say 1.05.

What they are hoping for is a outcome that looks like it is about tohappen, and whose price drops heavily in running, to say 1.03.



However, if there is late drama and the outcome suddenly changeswith a goal, then they will have laid a loser at very low odds.

If we lay the field for £100, at odds of 1.05, then the most we canlose is £5 (0.05 x £100). However, if we lay an outcome thatactually ends up losing, then we will win the backer’s stake of£100!

The strategy is obviously not as simple as just laying everyoutcome in running at 1.05, but watch a few English PremierLeague games in running and see if you can spot some generaltrends that you can profit from. As I say, some punters also make aliving from laying the field, so it’s certainly worth a look.

The second strategy employed by some is simply to lay singleselections in running when they reach very low odds, but when youthink that the odds are nonetheless lower than they should be.

For example, last season, Man United were playing Bolton at OldTrafford in a weeknight football match. United were up 3-1 with 3minutes left plus 3 minutes of injury time, and were still on theoffensive.

The game was in running on Betfair, and so I decided check outone of the markets, the next goal scored market, where you canback or lay each time to score next.

You can also bet that neither team will score next, i.e. that therewill be no more goals. The no more goals option was available tolay at odds of 1.04, so I laid £20. I thought that United still seemedaggressive, but most of the punters on Betfair thought they couldget easy money and backed the no more goals option, forcing theprice down.



The most I could lose was £0.80 (0.04 x £20), but I could win afull £20 so it seemed a great bet. Sure enough, Ronaldo scored inthe 90th minute and I claimed my £20 profit. Not bad for onlyrisking 80p!

That’s a perfect example of how laying at very low odds in runningcan be a great way to profit for very little risk. You should comeup with your own strategy by watching the in-play markets for awhile; the more unique your idea, the more profitable it will be.



4. Trading On Betfair

When Betfair first opened thousands of people flocked to back andlay teams to win and lose, but with time the more astute puntersrealized that they could guarantee a profit - no matter who won thematch.

The way they do this is by trading on Betfair, just like a stocktrader will trade the stock market; in other words they back and laythe same outcome but at different odds.

On Betfair, figures in green refer to the amount you win if a certainoutcome happens, and figures in red refer to potential losses.

How do we get an `all-green screen`?

The way we guarantee a profit no matter who wins is by backingand laying the same outcome, but at different odds. We need toback an outcome at higher odds than we lay it at, and if we are ableto do this we can take a guaranteed profit with no downside. Thisis known as the fabled `green screen` and there’s nothing likegetting one.

For example, imagine we think the odds for a Liverpool win aregoing to fall. We first back Liverpool at odds of, say, 3.0 for £100.If Liverpool win, we make £200, but if they don’t win we lose our£100 stake. All we have done at this point is put a back bet onLiverpool.

However, if we are then able to lay Liverpool at odds of, say, 2.0,again for £100, then we will make £100 if Liverpool wins, but losenothing if they draw or lose.



(Calculations: if Liverpool win we get £200 from our back bet butonly pay out £100 for our lay bet giving us a £100 profit; ifLiverpool draw or lose, then we lose our £100 back bet but win our£100 lay bet so we break even).

As you can imagine, doing this several times throughout the courseof an afternoon or evening’s football can be very profitable indeed.

The trick is to know when a team’s price is about to move.

The Information Box

Go to any match an hour or so before it starts, and click on theoutcome. This will bring up the information box for that particularoutcome.

The information box contains important facts and figures about theoutcome in question, and you should always check it out beforebetting. Let’s look at the information box for Cruzerio in theirmatch against Internacio:



On the left hand side of the screen you can see the price for theoutcome (Cruzerio win) over time. You can see that the pricestarted off at a low of about 2.30, rose to 2.55, and then stabilisedto a price of about 2.45 just before the off.

This could have obviously been a superb opportunity for us totrade, by laying first at a lower price, and then backing later at thehigher price. You can often see trends like this unfolding and ifyou can jump on them in time, you can profit from them quitenicely.

Above the graph, there is some more information. We can see thata total of £60,320 has been bet on all outcomes of this game, and£33,489 has been bet on this outcome, Cruzerio win.



If we look to the right of the screenshot we can see all the moneyavailable to back and lay the Cruzerio win at. You can see that wecould back the win at odds of 2.40. This is currently the best priceavailable to be taken, but as you know we could request betterodds in the hope of getting matched.

Tip: if you want to know which way a price is going, then look atthe amount of money sitting in the back side column versus the layside. If there is more money in the back side, the price will oftenrise. If there is more money in the lay side, the price will often fall.

Use this to your trading advantage!

That’s the basics out of the way, now onto the systems.



5. The Draw No Bet Method

This is the first of the six various in play methods. The main aim ofthis method, in simple terms, is to lay the draw on a tightlycontested game, where you believe the home side shouldeventually come out on top.

The later a goal is scored, the bigger profit you will make. Theonly way to lose on this bet is to have a goalless draw in a match(0-0).

This form of trading is excellent due to the fact that less than 9% ofall professional football games end in 0-0 draws.

What you need for this bet is two fairly evenly matched sides butone perhaps with a slight edge. A good example for this would be agame such as Liverpool vs. Spurs or Newcastle vs. Blackburn andso on. It is best to check the league table of whichever country.

For example, the English Premier League, and look for two teamsabout two or three places apart. The home team should be the teamhigher up on the log and should have the edge over the opposition.

The reason is because we want a goal to happen later on. Gamessuch as these are usually kept tight. The longer it goes on goallessbefore the first goal, the better it is for you.

When scanning for matches to bet on, make sure that there is afairly low chance for a draw – in other words the odds should bearound 4.00 or 5.00 (go through the daily fixtures on Betfair. Thescreenshot below will give you a clearer indication.



As I have already said, make sure that the odds for a draw arebetween 3.0 and 6.0. Then look for a home side with odds from1.60 upwards to about 2.40.

These are the two ‘criteria’ needed for draw no bet method.

The screenshot below will give you a better Idea of a game thatqualifies for the system.

As you can see, the draw is at over 4.00 and the home team (Italyin this case), are at 1.55.



This shows us that Italy are fairly clear favourites and should winthis game unless an upset occurs.

The aim here is to now place a LAY bet on the draw before thekick off! In this example we are going to lay the draw for £100,five minutes prior to kick off (this can be done anytime beforereally). The odds are at 4.5. Which means our liability will be£350. The screenshot below will show the current status of our bet.

This would be our bet prior to kick off. Now lets fast forward intime a bit. On the 60th minute, Italy takes a 1-0 lead. When a teamdoes this they will virtually automatically start wanting to protecttheir lead.

The odds on Betfair change dramatically. Punters rush to now backItaly because it’s a dead cert that they will win (according to them)and the odds drop heavily down to 1.25. See the screenshot belowfor a better explanation.



You now notice how the odds are heavily in favour of Italy andhow they have also risen considerably for the draw. You now placea BACK bet on the draw. This must be done immediately after thegoal is scored.

In this case if you were to back the draw for the same amount thatyou layed it, you would only make profit it the game ended in adraw. The probability of this happening is very low. What we donow is use the following equation to work out how much we mustback the draw for.

The Liability [£350] dived by the back odds for the draw minus 1.In this case:

£350 / (7.60 - 1) = £53.03

You would now place a back bet of about £53 on the draw whichwill give you the following outcome. See the screenshot below.



As you can see, the bet was a big success. £44.36 no matter whowins and we virtually break even (small profit in this case) if thegame ends in a draw.



6. The Home Team Method

This method works well with any side who has a good home winrecord and any side you expect to win at home. If not – then just toscore first.

You should exclude the big teams (Chelsea, Man United,Liverpool and Arsenal for example) for this method due to themnever having high odds at home. You always find their home oddsare below 1.50 in 80% of cases.

The aim of this system in a nutshell, is to BACK the home side towin prior to kick off. In these games a goal is usually scoredanytime.

So you need to be ready to trade at the right time. When it isscored, it’s virtually always the home team who scores it. Whenthe goal is scored, the odds drop heavily, not matter how muchtime has passed during the game.

When the goal is scored, you place a LAY bet against the team.

Take the screenshot below as an example. The game is betweenLeeds and Burnley. From the screenshot below you see that Leedsare favourites. See the screenshot.



The aim of this system is to now black a BACK bet on the homeside – prior to kick off. We will now place a bet of £100 on Leedsto win at odds of 1.88. The screenshot below will give a betterindication.

The game kicks off and after about 43 minutes of play, Leeds takethe lead. This causes their odds to drop. You should now tradethem off by placing a LAY bet for the same amount. In this case itwas £100. The reason it is best to keep it the same amount isbecause we still believe

Leeds will go onto win this, which will make sure we get aprofitable trade and break even if they fail to win.

From the screenshot below, you will see how Leeds’ odds are nowall the way down to 1.26. We must now place a LAY bet on Leedsat odds of 1.26 for £100.

The outcome of this will be as follows:



As you can see we now have a very profitable trade which willmake us £58.90 if Leeds were to go on to win this match.

If not, we would break even, but this method aims on finding homesides with good odds who are expected to easily win the game.



7. The Close Encounter Method

This method works between two very evenly matched sides. Thistype of game can be selected by scanning through Betfair’s fixturesand looking for any match where the two involved teams both haveodds over 2.00.The aim of this method is to wait for a goal to be scored before thefirst 20 minutes of the match has passed. When a goal is scored,you must then place a LAY bet against whichever side scored it.

The reason for is because when a team with over 2.00 odds scoresbefore 20 minutes has passed, their odds drop to around 1.5 andthereabouts.This means that when you now place your lay bet, your liability isnot too big.

Seeing these teams are evenly matched, the chance of an equalizeris very common. When they do equalize, the aim here is to thenplace a BACK bet on the team you first placed your LAY bet on.The reason is because their odds should easily rise to well over2.00 again, giving you a very profitable trade.

The screenshot below between Sweden and Spain gives a clearindication of two evenly matched sides. You can see this in theodds. Both are well over 2.00.



Lets say, theoretically the match kicks off. Spain take the lead after15 minutes and puts them 1-0 up. The punters then start splashingtheir money around and after a few seconds the market evens out.You must now place a LAY BET on Spain. The odds drop to afairly low amount so as you can see, your liability is not highwhich lowers your risk considerably.

In this case, we then place a LAY bet on Spain at odds of 1.58Take a look at the screenshot below. We have no placed our bet of£100 layed onSpain.

As you can see, on a £100 bet, the liability is £58 which does lowerour risk considerably. Now, once again, let us say theoretically,Sweden then equalize on about the 58th minute of the match. Wemust now place a BACK bet on Spain (the team we placed theLAY bet on). The reason for this is because their odds would haveshot right back up again after conceding the goal.



As you can see, seeing it’s fairly late in the game, Spain’s oddshave now shot up to 2.40 again. This means you must now place aBACK bet to complete your trade for a nice profit. If you were tonow BACK Spain at odds of 2.4 for £100, you would have acompleted trade. See the screenshot below.

You now see we have a free bet on Spain. If they were to win wewould make a tidy profit of £77.90. If they were to end up drawingor losing they would break even.

The only problem with this scenario is that we don’t know howthis game is going to end because the teams are fairly evenlymatched due to Sweden being the home side, even though Spainare technically the better footballing side. What we need to do nowis to hedge this selection, which is also known as greening up.

Instead of placing that £100 back bet on Spain you could havelowered the amount to say about £66. This would have given youthe following outcome.



Greening up in this case would have made life a lot easier. We arenever sure of this result. Instead we now make a guaranteedminimum of £32.30 with no risk of loss. There is not even a risk of“Not profiting”. Just remember this method gives you a profit nomatter what, but it does reduce the amount of profit you make.



8. The Under 2.5 Goals System

The aim of this system is to only start a trade once a goal has beenscored. The criteria for this goal is that it must be scored within thefirst 15 minutes of play, otherwise this system should not be used.

The earlier a goal is scored in this method, the better.

Take the below screenshot for example.

We can see that for the “Under 2.5 goals” bet, the odds stand atabout 1.74. We need a goal to happen within the first 15 minutes ofthis game.

Theoretically speaking, say for example, France take the lead on11 minutes through Thierry Henry. The score is now 0-1 to France.

We should now place a BACK BET on there being Under 2.5goals in the game. The below screenshot shows we have placed abet of £100 at odd of 2.84. (remember the odds have risen becausethere has already been a goal)



This is very important. The aim now is to wait a few minutes. Saymaximum 5 minutes, before you trade them off by placing a LAYbet on there being under 2.5 goals. The reason is, seeing the oddsare now higher, they fall quicker.

After 5-10 minutes of waiting, we then place a lay bet to green up.It’s best to green up in this case because we are once again not surewhether or not there will be more or less than 2.5 goals.

Please note, using this method is a bit risky if a second goal isscored while you are waiting to trade off. The earlier you trade offthe less risk.

After about 10 more minutes of play, you can see how the oddshave once again dropped. The aim here now is to place a lay bet atodds of 2.44. In this case our back bet will be about £85.



If you are still unsure about this, refer to hedging also known asgreening up.

This will give us the following scenario.

As you can see, we have once again completed a profitable trade.

No matter how many goals are scored in this game we walk awaywith a minimum of £14.25 with no risk whatsoever.

Alternative to the Under 2.5 goals System

The alternative to this method is to do the exact same, except youplace your back bet on the OVER 2.5 goals once a goal has beenscored. The reason that this method works is because you can waitabout 15 minutes before trading off.

The reason being is that say a second goal is scored… That willleave about three quarters of the match still to go and you onlyneeding 1 more goal to happen and you will have already won yourbet.

To sum this added extra up. Place a BACK bet on OVER 2.5 goalsif a goal is scored before 15 minutes of the game have passed. Waitanother 15 minutes before trading off.



To trade off place a LAY bet on OVER 2.5 goals.

If a second goal is scored within those 15 minutes of waiting, youhave almost got 2.5 goals in the game already which will mean youare just 1 goal away with still most of the game to go which willmean you should win this bet straight out.



9. The Second Half Trader

This trading method requires that the two teams be fairly evenlymatched. Examples such as these – Liverpool vs. ManchesterUnited, Newcastle United vs. Tottenham and so on are just a fewsimple examples.

Countries such as Spain, Portugal, Sweden, Czech Republic andEngland are other evenly matched nations. You can always findthis out by looking at the pre match odds. If both sides are over2.0, they are considered evenly matched.

The odds on both sides should start quite high. Preferably over 2.0,at least, for both sides.

The higher the odds, the better in this case. For this method to beutilized we need a goal to come from either side before the 60th

minute.

The score can be 1-0 or even 2-1. If these are the current scores atabout 55-60 minutes, you must now place. The odds at this timeshould be about in the region of 1.40 – 1.50. If not it doesn’t reallymatter, but they should be due to the fact that the game you chooseis a tightly contested match.

The reason we wait for the 60th minute to start a trade is becauseeverybody knows that during a football game of 90 minutes, whenthe clock reaches 60, the odds begin to drop much quicker infavour of the side in the lead.Take the screenshot below



Both Greece and Norway are over 3.7.

Let us say that in this game, Greece take the lead on about 52 intothe match. The odds on Betfair should now read as follows. Onceagain look at the screenshot below.

Just after Greece take the lead, their odds drop all the way down to1.53

These games are kept tight so goals don’t happen often if the scoreis only around 1-0 at this stage. The aim now is to BACK the teamwho scored the goal. In this case, we back Greece for £100 at oddsof 1.53. Our bet gets matched.See the screenshot below for a graphical representation.



Our liability now stands at £100 if Greece don’t go onto win thisgame. Now, as we have already stated, when the clock reaches the60th minute (When we opened our trade), the odds begin to dropheavily at this stage. They drop by two ticks at times. These oddsof 1.53 will quickly become say 1.40 within about 10 minutes orso.

The aim here is two wait about 10 minutes before then placing aLAY BET to lay them off and secure yet another profitable trade.

As the game goes on, we take a risk and leave it for a few extraminutes seeing Greece are having far better of the game andNorway don’t look like they will score.

After the few extra minutes have passed, we are ready to trade off.

Note the screenshot below to see just how quickly the odds havedropped since the 60th minute.



Greece are now down to odds of 1.26 to back and 1.27 to lay. Wenow want to lay our selection. In this case, it is no certainty thatGreece will win (unless the scored a second goal whereby youshould then instantly trade them off because their odds will beclose to 1.10 or less).

We now play a LAY bet on Greece. In this case to profit on everypossible outcome we place a LAY bet of £90 on Greece at odds of1.27. This will give us the following outcome.

This will give us a profit of £19.66 if Greece were to win and anextra £9.50 if the result turned out differently.



Alternatively, if you believe the team who is winning should goonto win this game, you should then place your LAY bet at thesame amount as you did for your back bet. This will mean you willmake a larger profit if the team wins. If they do not win, you breakeven and once again risk nothing.

Below shows you what you would make had you Layed Greece atthe same amount as you have backed them. In this case it was£100.

Now as you see we would make an extra £24.70 on Greece if theywere to keep their lead for the game. You can open up trades suchas these anytime after 60 minutes.

If you open them and keep closing them, you can make a fewtrades such as this per match. Say you make three trades on thisgame alone; you would make around £82 instead.



10. Next Goal Method

On Betfair for most games there is the “Next Goal” option. Oftenpunters overlook this option. When the time of the matches reachesthe 88th minute mark, people underestimate how many goals arescored here.

The best aim here is to place LAY bets. You will see odds of under1.05, making your liability VERY low.

This will give you the option of risking a few pounds to make overa hundred at times. Many goals are scored from the 88th minuteonwards on any given match day.

If you think about it, say there are 3 or 4 minutes of injury time togo, that leaves another 5 or 6 minutes playing time.

If a team is leading by a 1-0 or maybe 2-1 or the game is beingdrawn but one of the teams was really expected to have an easyvictory, they will be pushing for a goal.

This might have two outcomes. They get their goal or theopposition counter attack and score themselves.

That is why it is best not to overlook the “Next Goal” option ataround the 88th minute. Just remember there is such a little riskinvolved here due to how low the lay odds are.



11. Automate your trading with software.

If you are interested in betting in running or trading then there isplenty of software around to make your job easier.

When we place a bet on Betfair, very often we will need to do soquickly and with maximum precision.

The Betfair interface is sometimes a little slow, and clumsy, and sowe will look to use betting software or `bots` to get our bets off asquickly as possible, and in just the way we intended.

This is especially important if we are looking to make a quick tradeon an event, but we can also simply use bots to make our lifeeasier, for `one click betting` features which improve vastly on theBetfair interface.

I will take you through the most popular 'bots' below:



Bet Angel Professional

Bet Angel offers some very useful functions. For a start, you canplace a bet simply by clicking once on any of the buttons in blue toback a horse, and the buttons in pink to lay it.

Secondly, you can auto refresh up to once every second, so you arealways up-to-date with your prices.

Finally, you can enter maximum liability and default stakes so youdon’t make mistakes. It’s a drastic improvement on the Betfair



interface, and I suggest you check it out if you’re serious aboutprofiting from Betfair.

Check it out by clicking on the link below:

http://www.betangel.com

Bet IE

Bet-IE has all the usual refinements like a definable refresh rateand single click betting but what sets Bet-IE apart is the built indutching strategy that highlights your runners in orange and thencalculates whether the market is in your favour.

Click here to check it out

http://www.bettingprofitsoftware.com

Fairbot

Another bot that you might want to check out is Fairbot, which isavailable as shareware, so you try before you buy. This softwareoffers similar features, but also has a stop loss and offset facility.

You can get a free 15-day trial of Fairbot at:

http://www.binteko.com



Betfair Odds Extractor

Odds Extractor has been created to allow you to export livestreaming prices and volume data from any selected Betfair marketto your computer in real time. You will be able to import the fileinto a spreadsheet or database for later analysis.

http://www.betangel.com/products/OE/



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