How trading on Betfair, using my 2 simple systemscan be automated with the trading on Betfair Gruss Betting Assistant What is it and how can it help you? I first came across the Betting Assistant while doing some research at the Betting School when following their £900k Plan. The basic premise is to facilitate the placing of bets when trading on Betfair. You are given a 4 weeks free trial of the system and thereafter the cost is £6 per month, which seems reasonable. The main advantage I found was the ability to place bets below the minimum stake of £2. This is ideal if you wish to trial a system or a tipping service especially for lays where the loss liability is greater. However don't expect the software to automatically make you money when trading on Betfair. It's also great for dutching a selection of bets which would not be possible trading on Betfair site itself. My main grouse is with the help files which you can't print out to read away from your pc and I get the report Flash Player 10.1 is not currently available for your 64-bit web browser. It says I can download a version to run on my laptop but you have to jump through all manner of hoops to achieve it and in the end I gave up. The main page that starts off the application is not exactly intuitive either and you have to read a fair bit of the user guide before you can do anything. In my own guide to its use here, I will concentrate on aspects of the trading on Betfair software that I found useful. To cover all its possible uses and facilities would be far too time consuming and most readers will have become bored and left, long before reaching the end of this article. Results with Betfair records are shown at bottom of page The 2 areas I will explain here are 1. Placing win bets using the dutching facility 2. Placing lay bets incorporating conditional bets in running. When you first login with your Betfair login details the system loads the markets for the day. You can then add the markets you are interested in to the Quick Pick List eg All UK Win (Horse Racing) and if you will be using these markets regularly you can set them to load automatically whenever you sign in. Set Your Markets for trading on Betfair At the top left of the page you will see Options - click this and then from the menu Preferences and then Quick Pick List / Markets Finally click the boxes you require. I have ticked the first 4 for UK & Irish win and place (Horse Racing) markets. Next click Grid Interface and under Display Columns check Dutch and Conditional Bets
While the Preferences box is up you can see in the Staking section all the default stakes for every bet you place ie all set to the minimum £2 stake which you can adjust up or down. However with the Betting Assistant you can request stakes for any amount either above or below the default stake. The default for dutch profit is set to £0.50 which means that whatever selections you have chosen to dutch, the profit obtained will be as near £0.50 as possible. I left it at this setting initially until I got a feel for using dutching and it is also possible to change the required profit when placing the bet. Click okay to save your preferences and your markets for trading on Betfair will now be showing in the Quick Pick List. You will notice that the main part of the screen is devoted to the latest reports for trading on Betfair concerning the functioning of the Betfair Exchange. This is to alert users to any potential problems that may affect their bettting. 1. Placing win bets using the dutching facility
For tips suitable for dutching I use my Easy Back Method selections. Now click on your race (market) in the Quick Pick List and a grid appears with the runners and their current back and lay prices. To the right of the runners you will see a column of boxes under To the right of this is a box titled Dutch Profit Required (set as mentioned to £0.50 or as near as possible) Which you can adjust up or down and your stake will be revised accordingly. When you are happy with your bet for trading on Betfair, click the green Dutch Bet window and a further window pops up Place Dutch Bet? and click Yes. You can get my Easy Back Method selections FREE at TipsterPoint - it's free to register and if you delay accessing the tips until 15 mins before the off you obtain them free! Let me know if you join by emailing info@horse4course-racetips.com and I will offer special advice on how to get the best from it. Since I started tipping at TipsterPoint on 16th March 2011 the Easy Back Method selections have produced a profit trading on Betfair SP of 115.41 points in just 12 days. (NB does not include trading on Betfair commission) 16th 6 selections wins 22.54 = 16.5417th 17 selections = -17.018th 21 selections wins 13.0 = -8.019th 12 selections = -12.020th 7 selections wins 19.5 = 12.521st 7 selections = -722nd 17 selections = -17.023rd 30 selections wins 60.38 = 30.3824th 28 selections wins 40.17 = 12.1725th 26 selections wins 88.76 = 62.7627th 18 selections wins 15.82 = -2.1828th 21 selections wins 65.24 = 44.24 Also worth noting that there were 4 straight forecasts at huge prices - worth considering Recent winners include 14th March Turtlethomas BF SP 48.61, King Cyrus BF SP 16.0 2nd Day of Cheltenham Festival bagged us Boston's Angel at BF SP 22.54 from 7 selections Sunday 20th March Hawaii Klass won at BF SP 19.50 from 7 selections the runner up, Sir Tamburlane BF SP 17.09 was also tipped 23rd March Ballyclough won at BF SP 60.38 also 2nd in same race Red Rocco at BF SP 49.73 - there were 30 selections for the day giving a profit of 30 points at level stakes 24th March Winged Farasi won at BF SP 29.17 (Almutaham also tipped came 2nd at BF SP 27.26) and Spirit Calling at BF SP 11.00 - there were 28 selections 25th March Curtains won 7.57, Mizen Station won 32.0, Mardood won 11.19, Hi Dancer won 38.0 - Total profit on day trading on Betfair of 62.76 points from 26 selections. 27th March Charingworth won 15.82 and Bollin Ruth 2nd at 8.54 28th March Galiotto won at 19.0, Bach To Front won at 13.50, Jolly Boys Outing won at 12.50 and Dance For Livy won at 20.24
The idea here is to place a normal lay bet and then a conditional back bet on the same selection which will fire in running if your selection turns out to be the likely winner of the race. Thus trading out of the original bet and reducing your loss. As mentioned I use my own Easy Lay Method selections. Firstly select your market for trading on Betfair from the quick pick list and place your desired lay bet. Now to place the conditional bet - to the right of the horses name is a C in red circle. Click on this and the conditional bets window opens. At the top left check the box Allow bets to be placed in play To the right of the horse name change the drop down list under Check Price to Lay price. Under If change the drop down list to <= Under Price change the price to one you consider is safe to assume that the selection will actually win the race. In most cases 1.50 should do it. Under Bet Type Leave as the default Back Under Bet Price change to Last Price Matched Under Stake enter the same amount as your lay stake in the price box eg if your lay stake is £1.00 then enter this. I have found this the best option through experience. You won't cover your liability if the horse wins as your profit will be only £0.50 at odds of 1.50 but it does mean that if the back bet is triggered and the horse goes on to lose you will break even. Tick box Allow bets to be placed in play Finally tick the Active box which makes the bet go live (although you may cancel the bet at any time until it is matched) NB Warning Ensure that you have set up the conditional bet correctly because the bet is made live when you click the 'Active' box. If you fail to complete this stage If change the drop down list to <= 1.5 then the bet will be placed at the current price whatever that is at the time. Also my lay bets are always placed to win and not to place when I am using the Conditions facility. This is because the place lay prices are too low to run a conditional bet safely. 
If the horse loses you gain your lay profit of £1.00 and the conditional back part of the bet is not triggered. If the horse wins the back part is triggered resulting in a return of £0.50 thus reducing your loss. It has to be said that when trading on Betfair in this way a. you may not always get your requested conditional odds of 1.50 matched b. The conditional bet stake may not be matched because there is not the liquidity in the market to match the bet. c. The <= price you specified eg 1.50 might not be low enough and triggers a back bet even though the horse does not go on to win the race. Generally however the system works fine especially if you have good lay tips eg my Easy Lay Method selections. NB It is important not to close the market containing a conditional bet or bring up another market on that page as it will only fire if the market remains open. Important To place further bets you will need to open a new market page. Don't forget - as if you create another conditional bet with a new market on the same page you will lose the original one. Betfair Betting Assistant for trading on Betfair - 30 day trial then £6 per month can be downloaded here
The one-click system is an alternative interface to the Betfair website enabling you to stay ahead of the game in the in-running markets where speed is of the essence. Its main features are: * FREE 30 DAY TRIAL One-click betting on all 3 back & lay prices * Continually updated display of potential profit * Option to take profit (or minimise loss) with one-click (stakes auto calculated) * Dutching facility on back and lay bets * Ladder Interface showing full depth of market * Tick offset bets with sliding stop loss * Forum allowing direct access to the application developers and other users * Real time update of prices and triggered betting from an Excel spreadsheet * Betfair Betting Assistant for trading on Betfair * Betfair Scripts
05/03/11 Lay Doncaster 2.40 Capricornus 0 £0.47 £4.93 05/03/11 Lay Gowran Park 1.20 Princeton Plains 2 £0.47 £5.40 05/03/11 Lay Gowran Park 2.55 Dr Whizz 0 -£4.50 £0.90 06/03/11 Lay Sedgefield 3.50 Panthers Run 0 £1.00 £1.90 03/03/11 Lay Ludlow 3.30 Havingotascoobydo 1 0.33 0.33 03/03/11 Lay Ludlow 5.00 Sea Wall 0 0.95 1.28 03/03/11 Lay Wolverhampton 5.40 Frequency 2 0.97 2.25 04/03/11 Lay Doncaster 4.30 Veiled 0 0.47 2.72 04/03/11 Lay Lingfield aw 5.25 Estonia 1 0.8 3.52 04/03/11 Lay Newbury 4.05 Zazamix 0 0.47 3.99 04/03/11 Lay Wolverhampton 8.15 Hecton Lad 0 0.47 4.46 2011-03-0615:58 13891546168 2011-03-0615:44 GB Sedge 6th Mar / 15:50 2m4f Hcap Chs / Panthers Run Lay 5.80 1.00 Won 1.00 2011-03-0515:02 13875796681 2011-03-0514:59 IRE GowP 5th Mar / 14:55 2m Hcap Chs / Dr Whizz Back 1.30 5.00 Lost (5.00) 19.43 2011-03-0515:02 13872781761 2011-03-0512:56 IRE GowP 5th Mar / 14:55 2m Hcap Chs / Dr Whizz Lay 3.85 0.50 Won 0.50 24.43 2011-03-0514:47 13872723869 2011-03-0512:52 GB Donc 5th Mar / 14:40 To Be Placed Comm Charged 6% On Net winnings of GBP0.5 - - - (0.03) 23.93 2011-03-0514:47 13872723869 2011-03-0512:52 GB Donc 5th Mar / 14:40 To Be Placed / Capricornus Lay 4.90 0.50 Won 0.50 23.96 2011-03-0513:31 13872699589 2011-03-0512:50 IRE GowP 5th Mar / 13:20 2m Mdn Hrd Comm Charged 6% On Net winnings of GBP0.5 - - - (0.03) 23.46 2011-03-0513:31 13872699589 2011-03-0512:50 IRE GowP 5th Mar / 13:20 2m Mdn Hrd / Princeton Plains Lay 3.50 0.50 Won 0.50 23.49 2011-03-0420:20 13864814100 2011-03-0418:56 GB Wolv 4th Mar / 20:15 1m1f Hcap / Hecton Lad Lay 5.50 0.50 Won 0.50 2011-03-0417:32 13863133941 2011-03-0417:30 GB Ling 4th Mar / 17:25 5f Hcap / Estonia Back 1.37 5.00 Won 1.85 2011-03-0417:32 13859419903 2011-03-0414:38 GB Ling 4th Mar / 17:25 5f Hcap / Estonia Lay 3.02 0.50 Lost (1.01) 2011-03-0416:36 13859396909 2011-03-0414:37 GB Donc 4th Mar / 16:30 2m Hcap Hrd / Veiled Lay 3.30 0.50 Won 0.50 2011-03-0416:13 13859439101 2011-03-0414:39 GB Newb 4th Mar / 16:05 2m6f Hcap Chs / Zazamix Lay 8.80 0.50 Won 0.50 2011-03-0317:52 13846683129 2011-03-0314:41 GB Wolv 3rd Mar / 17:40 6f Sell Stks / Frequency Lay 4.40 1.00 Won 1.00 2011-03-0317:09 13846667344 2011-03-0314:40 GB Ludl 3rd Mar / 17:00 3m Hunt Chs / Sea Wall Lay 2.54 1.00 Won 1.00 2011-03-0315:48 13847700968 2011-03-0315:44 GB Ludl 3rd Mar / 15:30 2m5f Hcap Hrd / Havingotascoobydo Back 1.56 5.00 Won 2.80 2011-03-0315:48 13846488838 2011-03-0314:29 GB Ludl 3rd Mar / 15:30 2m5f Hcap Hrd / Havingotascoobydo Lay 3.45 1.00 Lost (2.45)
21st Feb 2011 trading on Betfair 21/02/2011 BF SP 10.98 Laura Land, 16/1 Abulharith, 16/1 Back To Paris 21/02/2011 12/1 Dancing Poppy, 20/1 Castlebury, 25/1 Public Image 21/02/2011 12/1 Collect Art, 14/1 Duplicity 21/02/2011 12/1 Brandy Alexander BF SP 12.70 Crystal Sky, 20/1 Loyal N Trusted 21/02/2011 12/1 Symphonic Dancer, 16/1 Zalano, 20/1 Lennoxwood 21/02/2011 16/1 Dimaire 25th Feb 2011 trading on Betfair 25/02/2011 12/1 Best Known Secret, BF SP 48.71 Vertumnus, 25/02/2011 6/1 Blakeshall Diamond, 16/1 Head To Head, 25/02/2011 12/1 Thundering Home, 25/1 Animator 25/02/2011 25/1 Star Danser, 33/1 Ippi N Tombi, 50/1 Big City Boy. 25/02/2011 20/1 Plush, 25/1 Secret Queen. 25/02/2011 12/1 Dancing Freddy, 14/1 Lethal, 28/02/2011 12/1 Gwilym, 14/1 Efistorm, 14/1 Fair Passion 28/02/2011 BF SP 18.50 Sound Amigo 28/02/2011 14/1 High Five Society, 14/1 Prince Golan 28/02/2011 14/1 Penbryn, 25/1 Penrod Ballantyne, 28/02/2011 BF SP 119.00 Needwood Ridge, 66/1 Tuscany Red. 28/02/2011 12/1 Freedom Flyer, 33/1 Absolute Princess. 28/02/2011 Beetuna 02/03/2011 12/1 Wednesdays Boy, 16/1 Crocodile Bay, 25/1 Barton Bounty, 02/03/2011 12/1 Jane´s Legacy, 14/1 Reach Out, 16/1 Jelyvator 02/03/2011 14/1 Duplicity, 20/1 Seeking Rio, 25/1 Gorgeous Goblin 02/03/2011 14/1 Horsley Warrior, 16/1 Juwireya, 20/1 Bullring, 02/03/2011 14/1 Dickie Le Davoir,BF SP 13.50 Flying Applause, 14/1 Francis Albert, 02/03/2011 12/1 Mr Funshine, 12/1 Rio´s Girl, BF SP 32.00 Sally´s Swansong, 02/03/2011 12/1 Coolminx, 12/1 Smalljohn, 14/1 Methaaly 02/03/2011 20/1 Lauralu, 25/1 Silk Lingerie. 03/03/2011 12/1 Blue Ivy, 16/1 Bobbyow, 20/1 Pineapple Pete 03/03/2011 14/1 Kersivay, 50/1 Place The Duchess 03/03/2011 25/1 Lilyannabanana. 03/03/2011 12/1 Dauntsey Park, 20/1 Helpmeronda, 33/1 Timber Treasure, 03/03/2011 14/1 Gems, 14/1 Street Crime, 20/1 Watchmaker, 03/03/2011 12/1 Silly Billy. 03/03/2011 16/1 Shikra, 25/1 Mini´s Destination, 25/1 Symphonic Dancer 03/03/2011 12/1 Rio Sands, 16/1 Avoncreek, 16/1 Cocktail Party 04/03/2011 12/1 Maydream, 14/1 Swords, 14/1 Vertueux 04/03/2011 16/1 Inchando, 50/1 Hill Of Clare, 66/1 Carlton Mac 04/03/2011 20/1 Lindo Erro 04/03/2011 14/1 Sacco D´oro, 16/1 La Columbina, 20/1 Share Option, 04/03/2011 12/1 Hydrant, 16/1 Amends. 04/03/2011 BF SP 17.48 Mr Maximas, 12/1 Olney Lass, 16/1 Libre, 04/03/2011 40/1 Why So Serious. Total Return for wins excl commission and all at level stakes (not dutched) is 172.87 points A trading on Betfair article New! CommentsHave your say about what you just read! Leave me a comment in the box below. |
