We have put together a trading instructional manual for those wanting to know how to trade on Betfair. Now many people trade on Betfair without understanding the market dynamics, and subsequently fail to capitalise on what the markets really have to offer.
Think about it, the way Betfair works is by those who trade successfully being paid by those who have lost their trades.
Many times we have been asked if we would be prepared to reveal information that can produce an income every year, tax free. I was hesitant at first, because although I used to reveal my methods, I have not done for a number of years.
Back in 2004 when I was working part-time, I usually found myself with some free time on my hands during the day, as my wife worked daytimes, and I worked at a bakery in the evenings, so whilst looking on the internet I stumbled across Betfair, which if you don’t know, is a betting exchange.
I honestly thought that nobody ever made money from ‘trading’, but what I quickly realised with Betfair, was that you can place money of an event to fail, which caught my interest. The reason it caught my interest, was mainly due to the fact that surely finding something that fails was much easier than something that wins?
For example, in an 8 horse race, one horse is going to win, and the rest are going to lose, right? Of course, which got me thinking. I had always been competent at maths, so I watched what happened on Betfair for around 2 months. Obviously, the odds for betting the losers (that didn’t win) was much less than for placing money on outright winners.
I noticed that a certain outcome happened time, and time again, even though it was not expected to happen, where most people would be placing large amounts of money on an outcome that failed very regularly. I then had an idea.
So I asked a friend who was a regular at the bookies if I could borrow his old Daily Mirror racing pages, as I knew he used to collect just the racing results pages from the paper, and he had them going back 12 months+. What I could do then, using what I had spotted, was back-track through all the results to see if my ‘new idea’ would have worked….. and oh yes…..It worked!
I have to tell you, that it is a pretty amazing feeling when you think you have stumbled across a way to make profit like this, but I still had to be sure, so I started ‘paper trading’ my method over the next few weeks, and sure enough the results were the same as what I found when back-checking the Daily Mirror. I never said a word to my wife about this, at this stage!
No, never told a soul. What I had to do now, was test it live, with real money. I opened my Betfair account, and followed through with the exact same selections my method gave me. The very first day I made money in about 10 minutes, but for my own peace of mind, I had to try it out of a few weeks, a month at least. I felt like I had won the lottery, but I was still testing all the time, and finally, once I had gone past around 6 weeks, I mentioned it to wife that I had made a bit of money online.
That soon got her attention, and when I shown her the stats, and that the money was made over a good period of weeks, she was satisfied that it wasn’t a flash in the pan thing. Wow, “gee, thanks, eh”. No, I can understand why people look down at it, UNTIL they really appreciate that when you have done the full research on something, and really understood what is possible, it can be a little difficult to grasp.
Do you want to know what was most satisfying about finding this information? It was the fact that I didn’t have to rely on other people to support my family. You know, bosses that you have to tip-toe around in fear of saying something that could leave you in a delicate situation.
Crazy really how we live our lives, especially the work situation, where you have to almost ‘act’ a part, just to ensure you have some money coming into your household. It really is nuts when you think about it. Most of us will spend almost 50 years working for somebody else, always in their debt, and having to be ‘nice’ just for the sake of keeping your job. I always hated that.
I Then Fine-Tuned My Methods … As you can probably gather from what I have said above, I have never really enjoyed working for somebody else, so as soon as I started making money with this method, I continued to fine-tune the strategies, to ensure that I never had to work for an employer again – And that is a very good incentive, let me tell you. Now, I can literally spend an hour, or so a day, and be out with my desired profits, done, dusted, and ready to enjoy the rest of the day.
I suppose if I wanted to, I could spend all day using the methods, and make much more money, but do you know what?, there is much more to life than just making money, and once you start to enjoy some free time, you start to appreciate it more; you relax, and the ‘work-ethic’ (at least it did for me) quickly vanished. I just made what I needed, and wanted, then enjoyed the rest of the day.
How good does that sound? Ha, I said to myself when I was asked to write this, that I would REALLY try not to sell it, and just tell my story, which… Read more…