Betfair is often considered the best betting exchange in the entire industry. High odds a wide variety of bets, high liquidity in combination with staidness and credibility have made them a top destination for professional punters. It’s no exaggeration that quite a few bettors are making a living by laying and backing bets on Betfair. But what is the fact that distinguishes the top Betfair traders from an average bettor? Nothing more than a few extremely profitable betting strategies. Let’s take a look at the five most efficient.
This strategy was originally developed as one of the best Betfair trading strategies in horse racing, but has been implemented in other sports as well during the last 5 years. The reasoning behind this strategy is rather simple. You surely have noticed that most odds changes take place a few minutes before the start of the event, especially if this event is important and highly anticipated.
Scalping can be described as a way of grinding, as your profit margins tend to be nearly certain but very small. For example, if you back a home win at 2.40 odds and sell the same bet at 2.30 odds, you will have secured a profit in a very short time, in many cases in less than five minutes. If you had placed €200 at 2.40 odds and sold it at 2.30 odds a couple of minutes later, you’ll have netted a €20 profit in no time.
You’ve got to be careful, though. This kind of strategy requires a lot of self-control and discipline in order to not diffuse your bankroll on more than a few selected number of bets. Many rookie punters have tried scalping almost every match they can get their hands on with disastrous results.
2. Under 2.5 Goals/First Goal
This is a slightly more complex strategy, as you have to place two bets and keep an eye on the accurate match time. Your first bet should be backing a goal to be scored during 0-10 min. (or 0-15 min. on some online bookmakers) and the second backing the Under 2.5 Goals market at an amount equal to ten times your first bet. (ie. €10 on First Goal, €100 on Under 2.5 goals).
This way you get a double winning option. In case any team scores in the first minutes, you claim your winnings as in most matches the 0-10 min. option is offered on higher than 10.00 odds. If no team scores in the first 10 (or 15) minutes, you lose your first bet, but seeing that you laid the Under 2.5 goals bet, the odds in most cases will have dropped significantly enough to cover the lost stake and offer a profit.
There is an obvious danger to this strategy: Losing the First Goal bet without managing to lay the Under 2.5 Goals bet on time. It is imperative that you lay your under bet immediately after placing your first bet or you might risk losing both bets and seriously harm your bankroll. There’s no reason to get greedy if you see the Under 2.5 goals odds rise during in play.
3. Lay the draw/back score draw
This strategy has become so popular that it nowadays manages to affect odds movements on a large number of online bookmakers. Its popularity is a result of its effectiveness and simplicity as you basically place your bet and do not have to be alert during the rest of the match.
Once again you can place two bets on the same match to gain a profit from this strategy. The starting bet is to lay the draw, meaning that it is required that one team wins the tie. If a team is up ahead two or three goals, in most cases you should be fine. However, what happens if a team is only one goal ahead with less than 15 minutes remaining before the final whistle?
It’s now time to also back the draw. No, we’re not saying you should place a draw bet just to cover your losses. Your best option is to back the current score (usually offered around 6.50, in some cases exceeding 10.00, depending on the opponent’s strength). If you want to limit your risk even further, you could also back other exact score draw results, however, this will surely diminish your profit in the long run. You can check a more detailed analysis of the lay the draw strategy on our previous betting guide.
4. Selling winning bets during live play
Another popular grinding strategy, that was the forerunner to the cash out option found today on almost every traditional bookie. You basically place a bet that is likely to be confirmed at some point during the match and wait for the right moment cash out on your stake. The cool thing about this strategy, is that you are not limited to match winners or total goals
You can also back or lay bets regarding corner kicks, bookings, or even the number of individual player goals.
The key to this strategy is to keep your cool and split your bankroll into various small bets in order to maximize your chances of winning. If you back an underdog that manages to score the first goal, it’s time to make a serious decision: Will you stick to your bet for a little bit more at the hope of larger profit or will you sell it immediately and eliminate the risk? Professional traders would tell you that this is the edge that separates gamblers from traders. A gambler would probably delay selling his bet as he would feel that doing so would cheat him from gaining more money. A trader would be more composed and less greedy and would sell his bet at the moment the profit meets his pre-defined criteria.
5. Lay the server on tennis
Before following this strategy it’s important to be well-knowledged about tennis, and especially about the strengths and weaknesses of both players. It’s more often utilized in matches with equal strength opponents and especially in women’s games. In that case online bookmakers tend to give a small advantage to the player who is serving, as he (or she) has a statistically higher chance of winning the specific game.
Luckily for us, stats tell a different story. In women’s games the winning-losing percentage of the server is close to 50%. This means that if you lay a server (or back the player who’s not serving to winning the said game) you simply require the above stat to be confirmed.
Once again we insist on using this strategy only in matches where the players are of similar strength. Many traders are actually selling a lay bet in case the receiver gets a two or three point advantage (0-30, 15-40 or 0-40), as the winning odds of the server now much higher. Once again, this is a matter of setting your own profit limits.