Betfair 'Refer and Earn' Free Bet Promotional
Offer
Betfair
Refer and Earn' Promotion Code
The
Betfair 'Refer and Earn' code account that Betfair provide
is by far the best Betfair promotion available. Most Betfair promotions
either provide a £10 or
£20 Free Bet. However,
the Betfair 'Refer and Earn' promotion not only offers a £25 FREE BET but also offers a
bonus payout of up to £660 dependant upon your account
activity.
How Do I Open A Betfair 'Refer and
Earn' account
Simple, just follow the step by
step guide on how to open a new Betfair 'Refer and Earn'
account and this will ensure that you do not miss out on your FREE BET
or the potential to receive a payout of up
to £660.
Online Internet Betting
Accounts
Online Betting accounts with leading
Bookmakers and Betting Exchanges are becoming increasingly more popular. The
high security measures that both Bookmakers and Betting Exchanges are using to
ensure customer satisfaction, privacy and protection appear to be satisfying the
online betting consumer.
Why Should I Open An Online Betting
Account?
There are
many reasons that can be given regarding opening an Internet Betting Account
with Betfair. Betfair Betting Exchanges not only provide exclusive special offer
bonuses but also provide Free Bets for New Online Betting Accounts. Opening an
Internet Betting Account also provides armchair customers the chance to bet from
their home and avoid all those Betting shop queues, with the added bonus of a
New Account Free Bet.
Betfair 'Refer and Earn' Account
STEP 1
Click on the Betfair advert below,
this advert contains a special Refer and Earn account code that
will be automatically entered into the secure registration form for
you.
STEP 2
Complete the secure Betfair
registration form and activate your account by registering a credit/debit card
on your account and deposit £25 .
STEP 3
Place your £25 that you have just deposited on
any event that Betfair cover and once your bet has been settled you will receive
your £25 FREE
BET
You could use this space for more text, more links or a banner
Laying Horses: Betting
On Horses To Lose
- Learn about lay bets with our lay
betting introduction -
Lay betting is simply "placing bets on
something to lose". This means that if you "Lay" a horse, you want them to lose.
And if they do lose, you win money. In this article we'll explain what lay
bets are and how you can profit from them.
What is a Lay bet?
If you are not familiar with lay bets already,
this section will explain what a lay bet is and how you can profit from them. A
lay bet can be placed on Betting Exchanges such as Betfair. It is where you get
the chance to play the bookmaker and accept bets for events to NOT occur i.e.
Rangers winning against Celtic.
On betfair, after you click onto an event, you
will be availble to see lay bets and back bets available. The lay bets that are
available are expressed in the pink column as shown below:
The lay odds that are available here are 1.23 and 5.5. If you placed a
lay bet on L. Davenport, this means that you bet on her to lose (or to not win).
How Much Do I Win?
Lay bets winnings are calculated a differently
from back bets. The amount you win on a lay bet equal to the amount you stake.
For example, if you Lay Davenport for £5, and she lost, you'd win £5 because she
did NOT win.
Another difference with lay bets is the risk
liability. This is the amount that betting exchanges "freeze" from your account
when you place your lay bet. This is to cover the potential loss from your lay
bet which brings me to my next point:
How Much Can I Lose?
This is the major difference with lay bets that
newcomers seem to have difficulty in understanding. With lay bets, you can
potentially lose more than you stake. To calculate your risk liability (the
amount you stand to lose if your bet loses) you can use the simple forumula
provided below:
Lay Liability = Lay Stake x Lay Odds - Lay Stake
So if you Lay Davenport to lose at 1.23 for £5 -
You'd win £5 if she lost and lose £1.15 if she won.
If you Layed Schiavone to lose at 5.5 for £5 -
You'd win £5 if she lost and lose £22.50 if she won.
The reasoning behind this is that lower odds have
a lower probablily to lose so you'd win more if they actually lost. Higher odds
have a higher probability of losing which is why you risk more.
How Can I Make Money From This?
A lot of beginners believe that it is easy to make
money from lay betting. I hear them saying "You bet on something to lose, that's
easy". But the most important thing they forgot is the the odds that they are
betting at. Events which have a higher probability of losing also have higher
lay odds. They may win a few of them but when they lose once, that could wipe
out all their profits and, even worse, result in a large loss.
To win in the long term, you'll need to look at
the "value" of a bet. When laying, you want to lay at the lowest odds possible
to minimise losses. This way you can afford to be wrong a few times without
losing all of your money. For example, if a horse was available to lay at 1.8
and you believed that it had no chance of winning, you'd lay it at 1.8 and not
2.5.
Trading on Betfair - No
loss
The main attraction to Betfair Trading is the ability to guarantee a profit on an event regardless of
the outcome. This means that no matter who wins the event, you can
generate a profit.
To do this, you will either have to back odds then lay them for lower or lay
and then back at a higher price to guarantee a profit. The main principal here
is to "Back High and Lay Low". It doesn't matter which one you do first.
There are two ways to generate a profit. One method is to Guarantee A Free
Bet On Betfair and the other is to Guarantee A Profit (also know as equalising a
profit).
Betfair Trading can be very rewarding but it is not easy. There are a variety
of different markets to trade but perhaps the most popular is Horse Racing as
there are plenty of races every day. I trade Horse Racing markets frequently and
it requires patience, discipline and a good trading strategy. This type of
Betfair Trading is very fast-paced and very enjoyable, if you can do it right.
Some of the most successful Betfair Trading experts claim to earn around
£1000 per week from trading. I've witnessed first hand proof of this but it
requires stakes of up to £1000 for each trade. This means that if you wanted to
make £1000 every week, you'd need to have around £1000 to begin with.
Your success in Betfair Trading will depend on your trading strategy. I
stated earlier that I'd give you three methods in which you can use to generate
an income and I intend to back up that statement.
Here are two basic Betfair Trading strategies that I have learned while
trading on Betfair:
First of all, i hope you are familiar with how the betfair
trading basics. I'm going to take you through the steps that I use on the
Betfair Financial Markets.
Go to the Betfair site and bring up the
financial bets from the menu on the left of their website. The Intraday bets are the ones you want (can be
FTSE or DOW index). It should bring up a list of hours in the format 1pm - 2pm,
etc. Click on the hour that is in-play right now. The odds should be displayed
as below:
We have our Betfair screen ready, but we are not quite
ready to place our bets just yet. Before we place our bet, we need to analyse
the index using charts so that we can be sure that we'll be on the
correct side of the bet.
I recommend using yahoo charts which are free ( http://finance.yahoo.com ). Once you have
the Yahoo charts window up, you need to find the graph of the index you are
trading. You can type in the index symbol into the search bar at the top
of the page (^FTSE for FTSE index and ^DJI
for DOW index). I will be trading the FTSE so i'll be using the FTSE chart.
After you find the chart you are trading, click on the
technical analysis section to give you a more detailed chart, your Yahoo page
should look something like this:
I won't go into
reading charts right now because the topic is too large. There is plently of
information on reading charts available on the internet if you want to learn in
more detail. For this tutorial, i am just going to focus on my
method.
I use charts to
make a decision on whether i think the index is
going to rise or fall. I back the outcome on Betfair on whether the index is
likely to end above or below the level they specified ( from the screenshot, we
can see that the betfair level is above or below 5283.30 ).
At 1pm today, my charts indicated that the index would
rise above the level. All i did was place a back bet on that
outcome and then placed a lay bet toguarantee a profit. The result? Well
take a look for yourself:
The green figures under the
Betfair levels show us the amount that we will win. This screenshot shows us
that we will profit no matter the outcome. If the FTSE finishes above 5283.30 we
will win £9.70. If it finishes below 5283.30, we will win £13.53. We can't
lose.
I used the calculator available
here to calculate my
stakes. This method is so simple. All you need to do is figure out whether or
not the index will rise or fall then back and lay that outcome. To guarantee a
profit, you must back at higher odds than you lay.
Sometimes i back the outcome when
it reaches 1.10, then a few moments later i lay at 1.05. The odds will fall as
time passes on the outcome that looks most likely.
I usually back and lay when
there is only 10 - 15 mins of in-play time left (for the 1pm - 2pm time band, i
only bet at around 1.45pm). This limits risk as there is only 15 minutes left
until the outcome is decided. A summary of this method has been provided
below:
1. Find the most likely outcome
( look for low odds, confirm your decision with charts )
2. Place back bet 3. Click on the
lay side of that the most likely outcome 4. Offer odds a few ticks lower than
your back bet (i.e back at 1.10 then offer to lay at 1.05) 5. Use the bet
calculator and calculate your stake to guarantee a profit 6. Place your lay
bet 7. Sit back and wait until your lay bet is matched 8. Bet matched, you
have now guaranteed a profit!
I hope this post has been useful
to you. Remember that our aim here is to make a lot of small wins (i.e 5% every
hour), do not get greedy as this increases your chance of a loss. I have found
that this method works very well for
me.
Guarantee A Profit On
Betfair: "Everything you need to know about locking in a profit from
trading on Betfair."
Guaranteeing A Profit is a continuation of Guarantee
A Free Bet. However, instead of a free bet on the horse we traded on, we
want a profit on ALL of the outcomes in that particular event. This
means that we effectively achieve a profit no matter the outcome of the
event.
In the Guarantee A Free Bet Section, we managed to achieve a
quick free bet on a horse called Temperance. We're now going to place another
lay bet on this horse to equalise the profit across the all horses.
To calculate the lay stake needed, we use the following
calculation:
Current Profit Showing On Selection /
Current Lay Odds
In thid case, we divided 52.25 by the current lay odds which
were 3.0 to give a lay of £17.41 which resulted in a £17.41 profit across all
outcomes. Please remember to back and lay the same selection for this to
work.
To save time, you can use this calculator
for equalising profits.
Learn how to apply these strategies on Betfair Markets:
You've probably heard it many times before but I'm going to say
it again anyway. Successfully trading on Betfair is not easy. I believe that
trading successfully and in the long term is 60% psychological, 30% research and
10% skill.
The way you think can and WILL affect your success. If you
think you can't trade successfully then trade successfully you shall not. Here
are 3 main factors of trading psychology that you need to watch out for:
Failure
If you've tried a particular system or maybe you're having a
bad day and lost money, you and many other people will feel a sense of
failure. This is perfectly normal but we should not let this get us
down. The reason for this is simple, failure is to be expected and
should make us better if we learn from our mistakes. The great thing
about Betfair is that we can try 100 different strategies and we only
need 1 to work consistenly and we will be making money for years to come.
My general experience is that people give up too early and the
ones who stick at it will find an edge eventually and will win in the long
run - deservedly so. Failure does not have to costly either, you can paper trade
and track your profit and loss on Excel spreadsheets (or a notepad).
If you've found something that works but you're having the odd
losing day, I recommend taking a break. Never bet with emotions (more on this in
the discipline section).
Greed
Greed can make you lose your bank. It is important to always
test systems thoroughly before upping your stakes. Do not bet more than you can
afford to lose and never bet your whole starting bank. i.e. If you set aside
£1000 for trading, your liability should never be £1000. Idealy, it should be 5%
of your bank to insulate down turns.
Discipline
Discipline is trading or betting based on facts and pre-written
instructions. Always stick to your method and never deviate. Many people tend to
change their method "on the fly" if they having a winning or losing streak.
Doing this is not discipline and eventually you will lose money because you
didn't stick to your plan. It is important to seperate emotions and trading.
