How to make big Profits Trading Tennis Matches on Betfair

Transcription

1 How to make big Profits Trading Tennis Matches on Betfair Explains how to use and understand City type graphs to predict Back/Lay trends during Live Tennis Matches with amazing accuracy! Copyright 2007 Spanish Sun Limited

2 How to make big Profits Trading Tennis Matches on Betfair 2 CONTENTS IMPORTANT NOTICE & DISCLAIMER 3 BASIC GUIDE TO BETTING EXCHANGES 5 GETTING STARTED WITH BETFAIR 7 A SHORT GUIDE TO BETFAIR 9 UNDERSTANDING THE WORKING SCREEN 10 TRADING 13 THE CORE OF THE SYSTEM 22 USING & UNDERSTANDING BOLLINGER BANDS 26

3 How to make big Profits Trading Tennis Matches on Betfair 3 IMPORTANT NOTICE & DISCLAIMER Any results obtained by the use of this guide and associated trial software are the absolute responsibility of the user. The Author and its associates cannot be held responsible for any losses subsequent to its use. Only engage in Sports Trading and Betting with money that you can afford to lose. The Author and its associates do not make profit guarantees of any kind as this does depend on the user learning the essential skills that are presented within these pages and attached videos. This book may not be distributed, sold, copied or printed in any form or manner except with the written permission of the author. If you have purchased this book you may print a copy for personal use only. Guarantee Provided you follow my system diligently and carefully, and can show evidence that you have placed trades according to the system instructions but did not make any money after 60 days, you shall be entitled to a full refund of your purchase price paid. You must be prepared to submit by evidence of your bets and trades to substantiate your claim.

4 How to make big Profits Trading Tennis Matches on Betfair 4 WELCOME Hello and welcome. Thank you for purchasing "How to make Big Profits from Trading Tennis Matches on Betfair". Whether or not Tennis is your game, the reason I have produced this book is because I want to share with you the exciting earnings opportunity you have by learning to trade in play Tennis Matches. Unlike horse races, where the sport is heavily supported by betting and relies for the most part on betting for income, Tennis has always been followed by those who simply love the game. With the advent of the Betting Exchanges, you now have the opportunity of betting online on the outcome of each Set, or Match. The difficulty of course is just how on earth do you choose the winner. If you are a regular gambler, then you will no doubt have a "system", and may well study the past performance of players, to arrive at the best chance you can at guessing who will win and indeed who to place your bet on to win. Gamblers never admit it of course, but the vast majority do end up losing their money. When another exciting event comes along, they do it all again. It is easy to remember the winning streaks, but if you add it up throughout the year, well; few make a real profit of course. This book is designed to help those backers to win no matter which players wins the Tennis Match. Sounds Stupid? Please read on... Backing any player to win is gambling. Even when the odds are low and everyone in the "Tennis World" is shouting out loud that this "Favourite Player" just can't lose the match, something happens; maybe the player has an injury earlier that day, or is just plain exhausted after a long tournament. For whatever reason the result is never known, or a certainty. Sometimes, instead of choosing the winning player, some people will choose the opposite, and bet that the "Favourite Player" will lose not win. This in the betting exchanges is known as "Laying" off the player. Once again given all the information you can glean from TV, The Internet etc. They put all their money on the player they think will lose the match. Would it not be better to learn how to make money, without having to care who wins?

5 How to make big Profits Trading Tennis Matches on Betfair 5 BASIC GUIDE TO BETTING EXCHANGES The main Betting Exchanges are Betdaq is a very well written website, and is worth a look. Two things to consider here as a trader, you have to like purple, personally it is growing on me, but the main problem with the site is liquidity. Compared to Betfair it just does not have the same amount of cash volume, so trading becomes harder because less liquidity means less chance of a match. So, for the purposes of this tutorial, we will use Betfair throughout. Why use a Betting Exchange? The familiar Betting Office will of course happily take your bet and if you are "lucky" and your favourite tennis player wins the game, then you will be very well off. However, if not as most of us have already learned you lose your entire stake money. Traditional Bookmaker The licensed bookmaker by the very nature of his name, creates a book of odds, and cleverly calculates the odds on offer so that he can return more than 100% of his risk. This is known as the "over round" and is the way that they make their profits. It s no surprise to learn that many such businesses have grown into Multi-million pound corporations all achieved from losing "punters" like you and me. Not any more thank you, there is a better way! Enter the Betting Exchanges. We need to cast our minds back to our childhood days when quite probably you "bet a friend" on something happening or not! To ensure fair play you may well have appointed a third person to hold your stake money, so as to ensure that the winner takes all. The Betting Exchanges are the modern day equivalent of just that. They are internet websites where you can place your bet with the exchange that looks after your stake money until after the event closes, and then pays out to the winner.

6 How to make big Profits Trading Tennis Matches on Betfair 6 To return to our schoolboy analogy, the betting Exchange takes two bets, one to say the event will happen and one to say that it won't. To make things more understandable they call it Back and Lay. A Back bet is a winner if the tennis player you back wins the game. A Lay bet is a winner if you identified a player that loses the game! You may think it would be very easy to pick a losing player. Who needs to learn trading when it will be pretty simple to pick out a loser? Well lots of people try this, but it is all about risk; try getting a lay bet on with the Betting Exchange and you will see that odds on offer can be quite high. So for example, if you lay a bet to lose at 20/1 and it wins you have to pay up twenty times your stake. Pretty soon you could lose your shirt. The risk is just too high for most people to succeed in laying.

7 How to make big Profits Trading Tennis Matches on Betfair 7 GETTING STARTED WITH BETFAIR If you are new to Betfair don t worry it is a very simple, safe, and secure, process that really is quick to get through and start trading within minutes. The first thing of course is to visit and click on Open an Account (see screen clipping below) It is quite straightforward to enter your details but you also have the one chance when setting up a Betfair account to earn a 20 bonus from Betfair by entering my Betfair refer and earn code into the box as below Bonus earning Once you have joined Betfair you can of course start referring your friends and family to Betfair, it could earn you a few extra each year for absolutely nothing! You will need either a Paypal Account or a credit/debit card to fund your Betfair Account with. This is your betting bank and is kept safe by Betfair who are fully insured and bonded to protect their clients account funds. When you win, you must only withdraw funds using the same card that you deposited with, this is a security measure.

8 How to make big Profits Trading Tennis Matches on Betfair 8 Once you have entered my refer and earn code and clicked submit, your Account will be up and running in moments. Betfair will also pay me 20 for introducing you to Betfair, so I want to give you a special bonus for doing this I am going to send you absolutely free of charge a superb 59 page ebook which is absolutely full of tips for trading with Betfair.com All you have to do is visit my website and scroll down the page to join my mailing list (you can unsubscribe at any time). Doing this is completely free, and you will be kept right up to date with any new tips and tricks that I publish in the future.

9 How to make big Profits Trading Tennis Matches on Betfair 9 A SHORT GUIDE TO BETFAIR Betfair is the most used and largest betting exchange in the world and allows the Trader to bet or trade against one another. Below you will see a screen shot of the home page of Betfair. This is what you will see when you first load Betfair. I imagine now you have joined (see page 7) and added funds to your account, so the first thing to do now would be to enter your user name and password. Although you can trade on other sports as you can see on the home page, for the purpose of this book, we will concentrate on tennis. First click on Sports, then scroll down the left had side until you get to Tennis and click your mouse. To see all matches a good website is In this example, we are going to choose the Davis Cup 2007.

10 How to make big Profits Trading Tennis Matches on Betfair 10 You will then see displayed a list of all tennis matches. Click on the Davis Cup From the information we got from the Betfair TV screen, we find that Sweden is playing against the USA, so select Sweden v USA and click on the players. Next click on the Match Odds see screen below:- UNDERSTANDING THE WORKING SCREEN Many of you I know will understand the principles of Back and Lay and be familiar with the above screen, but for those of you completely new to this below is a brief explanation of the above screen shot. On many of the betting exchanges, including Betfair there are two main columns, BACK and LAY (as seen above). This is an actual screen shot from the Sweden v USA match as played on Sunday 23 rd September 2007.

11 How to make big Profits Trading Tennis Matches on Betfair 11 The two main columns for Back and Lay as you can see are blue and pink. These are the two columns you should focus on for the time being. As you can see from the screen shot below, the favourite in this game is James Blake. The back odds in the blue square are 1.57 so if you were to back James Blake for 10 and the player wins, you would get 10 times 1.57 = minus your 10 stake leaving you with a profit of The lay odds in the pink square are showing 1.59 a little more than the back square. Should you decide that James Blake will not win the match, you would click on this column and for an example place 10 for the player to lose, then should James Blake go on to win, you would lose 10 x 1.59 = minus your stake of 10 leaving you with a 5.90 loss. This is known as your liability. Should the player lose the match, you would get your stake of 10 back plus 10 making you a profit of 10. For a 20 stake and the player loses, you would get your stake money back plus 20 and so on. Unfortunately, there is no magic formula to know if a player will win or lose. As I said before, although the player ticks all the right boxes, he/she may be having a bad match day and the other player wins. To summarise; backing the right player that goes on to win the match could earn you a lot of money, whilst laying the wrong player that actually goes on to win the match can lose you a lot of money. The Money under the odds If you look at the above screen shot, you will see under the back column there is a figure of 284 with odds of 1.57 and 39 to lay at odds of The money shown here is known as unmatched money and is sitting there waiting to be matched. The amount of money in these columns refers to the liquidity in a typical tennis match.

12 How to make big Profits Trading Tennis Matches on Betfair 12 Actually backing, laying or betting at this time would not be advisable as the figures could change dramatically making a trade almost impossible.

13 How to make big Profits Trading Tennis Matches on Betfair 13 TRADING Trading really in simple terms means to buy something at one price and selling it at a profit just like your local supermarket would do. They buy pizza at 5 and sell them at 9. What if you could make a bet like this? Well, yes you can. We can take a look at the price offered for a player called "James Blake" let s say in traditional terms and for simplicity here, you can get a bet placed at 10/1 then you can make ten times your money if he wins. Because James is seen as a very probable winner, lots of betting money comes in for this player and that forces the odds on offer lower. Lets say it falls to 2/1 At this point you could be feeling very lucky to have been able to get your bet on at 10/1? Actually, we have just seen a superb "TRADING OPPORTUNITY" You can place an opposite bet, like saying well now, I DO NOT think he/she will win, so you sell the bet at the new odds. The Betting Exchanges introduced decimal odds rather than the UK fractional odds so for completeness and for those readers that may not be familiar here is an explanation... Decimal Odds always include your stake as part of your total return. If you place a bet of 10 at Decimal Odds of 4.0 and win, then your total return (including your stake) is 40. In the UK this would normally be quoted as 3/1, returning to you winnings of 30 plus your original stake of 10 Decimal Odds have a distinct advantage over fractional odds because they closely represent the probability of the outcome. For example 4.0 = (1/4.0 = 25%) Clearly giving a more visual illustration of the "risk" Converting Traditional Odds to Decimal Odds 7/1 = 8.0 (7/1+1) 1/2 = 1.50 (1/2+1) Converting Decimal Odds to Traditional Odds Decimal Odds minus 1.0 = Traditional Odds E.g. 4.0 = 3/ = 4/5 (o.8 to 1)

14 How to make big Profits Trading Tennis Matches on Betfair 14 Example... James Blake bet to win: Stake= 100 Odds= James Blake bet to loose: Stake= 100 Odds= 2.00 If James Blake wins the match You win 1000 but you lose 200 so you make a net profit of 800 If James Blake loses the match you lose your bet to win 100 but you win your bet to lose 100 so you do not lose anything! This is the exciting part; you have been able to create a WIN! WIN! SITUATION HERE You could not lose whatever happens in the match! Using the Best tools for Profit Many Betfair users work quite happily with the normal Internet Browser interface. It is true that it works reliably, and it is quite simple to understand. If I am going to trade I simply enter a back at one price, and then wait until the price shortens (goes down) and enter the lay bet. Have a look at an example We place here a Back Bet to 1.57 Odds and a Lay Bet to 1.5 and providing we get both bets matched we have a guaranteed profit of 45 if Johansson wins the match or if Blake wins the match. So, whoever wins, we win! Note under the players names list that the profit is shown including deduction of the Betfair Commission should you win. Using the browser, it does not automatically update (screen refresh) the data shown. In working with this screen, you might see odds on offer of 3.5 but they may well be already taken by another user. You can refresh the screen by pressing F5 Function key which causes the data displayed to be updated to the latest on the Betfair Server database. The problem of course here is that you then have

15 How to make big Profits Trading Tennis Matches on Betfair 15 to manually type in your stake, and press the submit button. Because there are so many other users online at the same time as you, there is always a good chance that the moments you take to submit your bet, the price on offer has; you guessed it, changed once again and you are not matched. This can be very frustrating, and clearly not a profitable way to work when you are trying to earn big profits! Welcome to Fairbot You should have received a 15 days trial version of Fairbot software included with this book. If you did not receive this then please visit to get the latest downloadable version. Fairbot looks in many ways similar in design to the Betfair browser, but has numerous improvements. The screens data can be refreshed as often as every 0.5 seconds should you wish to ensure that you have the very latest prices that are on The Betfair Server. You can set the software to let you do 1 CLICK TRADING using your preset staking plans Facility to Green Up immediately to ensure profit whatever the outcome of an event Graphing facilities, which at the time of writing are unique (more on that later.

16 How to make big Profits Trading Tennis Matches on Betfair 16 Main Fairbot Screen Note the settings at the top of the page. We have decided to set the stakes for Back and Lay 2 and with just those set, you can place single bets just as you would do in the Browser Version. The big difference when Fairbot is used in this mode is you only click the blue price box and the bet is placed. When learning to use Fairbot, make certain that the Confirm is checked so that you will see a pop up window with your proposed bet shown and you have to submit that bet if you wish. Once you are happy with using the software, of course turn that protection off, and you have 1 click betting available to you. To trade, check the Trading Button, and then all you need to do is click on the blue price button and Fairbot places the entire trade for you. Your Back bet gets placed and matched first, and then Fairbot will place the Lay for you at a price determined by the Offset setting. In this case we have that set to 2 ticks. This means that the lay will be placed at 2 of Betfair Odds Prices lower than the Back Bet. (See the help Screen in Betfair for a list of these.) The lay will be placed in the queue on the Betfair server until you get filled (matched) once you get matched that trade is completed. You will win if the player wins the match, or break even and lose nothing if he/she loses. Now here is the good bit! Check the Smart Bets box. Then when you do a trade, the lay stake is adjusted slightly for you according to current prices and automatically places a trade that provides you with profits no matter what the outcome of the match! Try it with 2 stakes until you understand it fully. Now try clicking on a player s name. Here we have clicked on Igor Andreev again and a tiny graph will be displayed showing a similar graph to the one shown on the Betfair web version. This is useful only to provide you with long term trending of the price. What you need is to see the Fairbot graph, by clicking on the Fairbots Graph tab.

17 How to make big Profits Trading Tennis Matches on Betfair 17 This is a very powerful graphing facility; unfortunately it is by default shown rather small to be useful. Also you are forced to close this screen before you can revert to the betting screen which is quite restricting. Solution and work around As you will see later on in this section, you need to study the graph and be able to place the bet as fast as possible once you identify a good situation to trade. For now then I want you to run 2 instances of Fairbot on your Computer. If you have 2 computers all the better, but you can work very well if your computer is fairly fast and can switch between the two running copies of Fairbot quickly. Drag out the graph window to full screen on 1 of the running copies of Fairbot. The plan here is to use 1 running copy of Fairbot to place bets and the other simply to view full screen graphs.

18 How to make big Profits Trading Tennis Matches on Betfair 18 Please take a look at the video to see a working example of how to setup the two copies of Fairbot correctly. It is rather difficult to illustrate within the book, but the above graph should be stretched out full screen but still leaving the task bar displayed at the foot of your screen to facilitate fast switching between the two running copies of Fairbot. Now you are setup to study the graphs and to place a trade by switching to the second copy of Fairbot. I would like to explain the meaning of the graphing lines. We will go into more specific details later on but for now try clicking the 4 options at the foot of the screen to learn exactly what each item means. The grid is of course the black table lines across the graph, simply used as reference points to price/time. Show Points is plotted at each time refresh interval set at the main Fairbot screen. It is important to set this at 3 seconds for reading the graphs. (Explained later) The graph above shows straight red lines which means there has been no price movements during that time space. The upper and lower red lines are the standard Deviation Bollinger Bands and the green line is the moving average. Later on we will return to this and study it in more detail. For now please familiarise yourself with the meanings of each line.

19 How to make big Profits Trading Tennis Matches on Betfair 19 Let s get smarter Fairbot can automatically calculate in real time a rather neat bet that will mean that instead of having what we could call a "FREE BET", that is to say we cannot lose and if our player wins we profit, it will allow us to guarantee a smaller win no matter which player wins or loses. There is some room for debate here, some professional gamblers swear by the method as above, and others will prefer to take a smaller profit on every match, (myself included) It seems to me that a regular win on every match, all be it a smaller sum is in the long term more profitable. Make certain that Smart Bets is checked and this is when Fairbot really gets clever. Whilst you can get various calculators over the internet to do the job, by the time you punch in the odds it s too late because the live odds on offer in Betfair will likely have changed! Let the software do it all for you. Now let s see what the result of that simple click is

20 How to make big Profits Trading Tennis Matches on Betfair 20 Notice that a different stake has been entered for the Lay than the bet. This is calculated by Fairbot in real time showing live odds. The exciting result of the next match is shown below Notice that underneath every single runner the profit is Yes it s true, it does not matter which player wins the match, you are in a WIN WIN SITUATION. You are guaranteed to earn 29+ from this race. Now that you are beginning to see just how exciting trading can be, when you guarantee yourself a winner lets read more When all entries are shown in GREEN then it has become known as greening up Fairbot provides a button against each runner so that you can Green Up after you have just 1 bet placed. This is often easier to work with; you work on the graph for just 1 player until you achieve a FREE BET and then convert it just before the race to an All Green Card by simply clicking on the Fairbots Greening up button. Simply click the Greening up Button next to the player with the money and it automatically calculates the opposite bet and stake necessary to give you a win win situation.

21 How to make big Profits Trading Tennis Matches on Betfair 21 This is where it pays not to be too greedy. It would be almost irresistible to leave things as they were and take the 200 profit if Kohlschreiber wins, and whilst it is true that you cannot lose any money, you have to remember that you are sat at your computer to earn money. If you earn for each match at the end of the day you are going to be making good money for your work. (If you can call it work) CONTROLLING THE EMOTIONS OF BETTING This seems a very good section of the book to mention The emotions involved in becoming a professional Trader (not Gambler). Clearly you have just seen the first emotional decision making that you are faced with. Trading the favourites only, or taking a cut in the profit to guarantee a regular but smaller profit per match. There are numerous Blogs, Articles, and Web discussions out there, so it does show us that it is a serious problem for many of us. If you lose, do you try and get your losses back by stopping trading and place a bet on a player that seems a certainty. Before the start, you have that hunch, or a funny feeling about this match, you can easily convince yourself that this will be the solution to your problem. You lost the last match because you had to answer the door, and missed the second part of the trade. Or the phone rang, and it was your wife calling from work and wanted to chat Stuff like this happens to all of us. The problem is that once you set out on the road to getting your money back from that mistake, well the adrenaline kicks in and your nerves go into fright mode in a way you are trying to defend yourself from the situation that you do not like to be in. HOW CAN YOU CONTROL THIS? Not easily because let s face it, us human beings are driven by our emotions. It s what makes the world what it is, and really we can t change that. Still there are a few things that we can do to keep emotional stresses to the minimum HOW YOU CAN DEAL WITH DISTRACTIONS Try and get a little better organised. Decide that you are going to set aside 3 hours each evening or each afternoon for Trading or if you like going to work. Even if like me you have given up going to work in the conventional sense, it helps if you arrange your time in

22 How to make big Profits Trading Tennis Matches on Betfair 22 this way. Friends and family have to know that during that time, you are at work. You cannot be disturbed. Turn off any telephones and put a Do Not Disturb notice on your door if you have to. Check your computer and make sure you are not running Instant message programs like Yahoo Messenger, Windows Live, or Skype and so on. Little popup messages are a real killer, and you will not concentrate on your trades. TAKE BREAKS Once you have secured a fully matched trade, then you can take a little break. STICK TO THE PLAN Don t be tempted to gamble. Think Trader at all times. You know it works, whereas gambling is to fund bookmakers. You can be a bookmaker and in fact those options exist in the Betfair.com website. STICK TO THE STAKING PLAN More small businesses go bust because of over-trading than almost any other reason. THE CORE OF THE SYSTEM In this section you will learn the core of my system. If you are already trading using the Betting Exchanges then you may well only need to study this section. That said, readers are from all walks of life, and from almost every corner of the globe. Individual experiences will of course vary widely, so even though you may be an experienced trader, you may well learn one or two important tips by scanning the rest of this book. I will begin by discussing one or two popular methods of trading, and how they attempt to determine the direction of prices. Weight of Money (WOM) If you are trading using the normal browser interface then you do not have an easily visible method to see the weight of money. If you happen to be fast with mental arithmetic then of course you can total the prices shown, as the example below.

23 How to make big Profits Trading Tennis Matches on Betfair 23 On the back side we have = 8577 On the lay side we have = 5426 To find the weight of Money it is simply 8577/ 5426 = 1.58 That is to say there is more money on the back side so the price will drift. At least that is the theory, and often that is an excellent guide. But look at it in another way. It is actually the money balance at a specific time. How many times have you been caught out by using this indicator alone? Most markets today are highly volatile and it is fraught with danger to read this alone. If you were to use WOM from these figures alone you may well lose your money! Why; because these figures are for a Football match several hours before play, and it is for Match Odds. If we look at the current Betfair graph you should see the problem

24 How to make big Profits Trading Tennis Matches on Betfair 24 The right hand half of the graph shows clearly that it is heading in a horizontal line. Of course there are small spikes, but overall we can see here a clear trend of no movement so you re betting that it will drift cannot really be substantiated. Later in the day it could go up or down, and you could find yourself with an unmatched losing trade. The red line graph is better than nothing, but not by much. It represents only a line plotted by matched prices over time. It does not give detailed information. No other marketplace traders would be able to succeed in business with only this information, yet thousands of Betfair traders commit financial suicide everyday in the hopes that they will learn to get it right soon. What you really need is to take a few lessons out of the Financial Traders book! I have set out below a sample graph that is typical of the sort of graph used by financial Traders throughout the World.

25 How to make big Profits Trading Tennis Matches on Betfair 25 At first glance, you will be forgiven for thinking that it looks pretty, and maybe you are starting to wonder if you will be able to use such charts to make money in Sports Trading. Well quite simply, yes you can, and by the end of this section you will understand it too. We do not need quite this sophistication or complexity. We need to step back to the 1980 s when a man named John Bollinger transformed the financial markets with his own mathematical charting methods which have since become a world standard known as Bollinger Bands If you would like to read more about these than the scope of this book covers, then you will find interesting articles at the following websites If it s possible to make an analogy here using Bollinger Bands compared with Weight of Money (WOM) it is like flying a Tornado Jet, compared to a Spitfire in World War II. You have to move with the times and use the latest technology to succeed! Over the last couple of years, Betting Exchanges have become exponentially more popular with up to 10m on a top football match being traded. If you continue to rely on WOM then you are only looking at the last three matched prices, and with the kind of market volatility being witnessed today, you need something a little better.

26 How to make big Profits Trading Tennis Matches on Betfair 26 USING & UNDERSTANDING BOLLINGER BANDS During the 1980 s John Bollinger, a long-time technician of the financial markets developed the technique of using moving averages with two trading bands, not unlike using envelopes on either side of a moving average. Unlike using a percentage calculation from a normal moving average, Bollinger Bands simply add and subtract a standard deviation calculation. What does all this mean? Well, let's start with standard deviation. Standard deviation is a mathematical formula that measures volatility, showing how the matched prices can be spread around its "true value". The trader can be relatively certain that almost all of the price data needed will be found between the two bands. Bollinger Bands consist of a centreline and two price channels, one above the centreline and one below. The centreline is an exponential moving average, and the price channels are standard deviations of the matched price the trader is studying. The bands will expand and contract as the price action of an issue becomes volatile (expansion) or becomes bound into a tight trading pattern (contraction). It is of course much easier to watch the videos during a live match to understand exactly when to place your trade. Take a look at the

27 How to make big Profits Trading Tennis Matches on Betfair 27 graph above. The green line is the Moving Average matched price and the thin red lines are the Bollinger Bands which are always above and below the moving average line. The thick red line represents the points of matched prices. The real power here is the computations that go on in the background. The Bollinger Bands take the last 20 matched prices to compute the Standard Deviation and Moving Average lines. This in effect gives us a very powerful trending tool, and the Bollinger Bands are able to quite accurately predict future trends based upon past data. Note in the videos, that when the matched price crosses over one of the Bollinger Band lines that it is very likely that the price will reverse. Obviously nothing can actually predict the future, but because Bollinger Bands measure the volatility in the past, it can quite accurately chart a few steps ahead of time. What this means to you as a trader. Armed with the sheer power of these graphs, you will very quickly learn to spot reversals in the trend, and quickly place trades which get matched pretty well every time. Problem trades. Occasionally a trade will go wrong for a variety of reason, but the software provided will give you fast methods to close out the trade with an absolute minimum loss. You simply cannot react quick enough using the Betfair Browser, because you need to calculate a losing trade value with lightning speed and then do multiple mouse clicks to get the trade placed. Using the software provided will get you out of trouble in one or two seconds.

28 How to make big Profits Trading Tennis Matches on Betfair 28 Let s look in detail at an example Quite clearly the price for this player is drifting quickly from a matched price of 3.15 heading up to 3.35 (indicated by the red dots) before reversing downwards. These step ladder graphs are exactly what you need to look for, notice that the green line (moving Average) is roughly at an angle of 45 degrees. Step ladder patterns only normally last for a few seconds, so you need to be ready to trade once you are certain that the price is going in the direction you are looking for TRADING REMINDER Back first if price is going down then Lay Lay first if price is going up and then Back When you start out trading it is much safer to look for down trends and Back then Lay because if you are unable to get the opposite match filled then you have much less liability than if you were to lay first.

29 How to make big Profits Trading Tennis Matches on Betfair 29 GOOD TRADING EXAMPLES

30 How to make big Profits Trading Tennis Matches on Betfair 30

31 How to make big Profits Trading Tennis Matches on Betfair 31 IN CONCLUSION Ok, now you have the main tools to earn a regular income from Betfair using Bollinger Band Graphing techniques to forecast extremely accurately the future trend of prices in the market of your choice. Whether it is Tennis, Horse Racing, Football, and many more markets, the techniques work exactly the same for trading these events. (That said, I am publishing specialised versions for each sport in due course). In order to receive these visit and sign up to my mailing list. How much will you earn? This depends upon your betting Bank, and learning how to identify trends using the graphing techniques to good effect. Some of us will be better than others, being fast at taking decisions is a distinct advantage, but if you are not able to do that you can still earn good money from a more cautious approach. Betting Plans If you can afford a 100 betting bank then only place 10 bets. Do not do a LAY first as your liability will be much higher. Placing back then lay bets do not have such a high liability. Work on no more than 10% of your betting Bank. Never trade or bet with money that is earmarked for your mortgage! You will be certain to lose, simply because the personal stakes are so high! If you feel good about your trading, and can concentrate then you will profit regularly. The betting exchanges do not provide a get rich quick vehicle, but if you read and re-read this book and watch all the videos until everything becomes second nature, then you can be certain that you can earn as much as you need. Kind Regards Rick Holland enquiries@learningwizard.co.uk