Betfair Trading is the process of buying and selling bets on the betting exchange in order to make a profit from the transactions. Basic methods can be learned and conducted using your normal web browser, especially the football methods, but if you want to get into serious stuff like pre-race trading then you need to use dedicated software.
For a complete and thorough introduction to Betfair trading Please see my new eBook which I offer FREE to all visitors – Beginner’s Guide To Betfair Trading
You don’t need a lot of money to start learning, and many people (including several friends of mine) began their careers by building a trading bank using bookmaker’s bonuses. This is an excellent way to get yourself gently into the game, learning about backing and laying, and best of all, grabbing between £1000 and £2000 of totally FREE money (Yes, it IS true!) by taking the bonus money offered by online bookies and using that money to put towards your trading account rather than just gambling it away, which is what the bookies really want you to do with it! (Hence why they offer it!)
Bonus Bagging is a service which takes the headaches out of the process and most people find it’s worth every penny as it saves you having to calculate everything yourself as well as hunting for offers. Their service will tell you which bookies are offering which bonuses, and teaches you how to keep banking them every time they come up. It’s one of the very few products I promote because I have known so many people who have used it, and because I know what a headache it can be to try and do this without using their bonus alerts service. It was the reason I personally never did any ‘bonus bagging’ – I just couldn’t be bothered with all the hassle of spreadsheets, hunting around the web and all the admin etc. I have never bothered because I don’t need to do it now, but if I was starting out again now, I would do it without hesitation. Why leave a free and easy grand on the table? Why risk your own money to learn trading with when the bookies so kindly offer you theirs? 😀
There are various pages with useful educational content on my site and I urge you to spend some time reading and learning before going any further. Trading (of any kind) requires a lot of hard work combined with self-discipline and concentration. This is NOT gambling, it’s exactly the same as trading stocks, commodities, currencies etc. Treat it like that and you could do very well indeed. If you treat it like a hobby or a ‘bit of fun’, you will be wasting your time. This isn’t a game, it’s a serious business and you can lose money very quickly if you don’t give it the respect it deserves. Once you are ready to start actually trading, I have a few trading strategy ebooks available on the products page which should tell you all you need to know about each method I use.
If you are serious about learning to trade then I wish you all the best for your new career, may it bring you the freedom to work from home, in your own hours, and without paying the tax man. Amen to that 🙂