It’s possible to lock in a profit on Betfair’s Exchange before an event has taken place, a match has started or a race has been run – by sports trading.
What is Sports Trading?
Prices constantly fluctuate on Betfair, which means you can lock in a winning position by Backing a selection at high odds, then Laying it at low odds, or vice-versa. You don’t need to be a large punter – this can be done with relatively little money in your account. Sports Trading can be done by using your potential profit on the market.
Sports Trading Example
You back Rafael Nadal to win the Australian Open by investing $20 at $8 before the start of the tournament. If Nadal wins, your winnings are $140.
Nadal makes a great start to the tournament, advancing to the quarter-finals, while the favourite Roger Federer is knocked out. Nadal’s odds on Betfair shorten considerably – you can now Back him at $2 to win the tournament.
Sports Trading In-Play
In-play Betfair Trading is possible during a match on a range of events and markets. The Betfair exchange platform enables punters to trade on their position at any stage. Take an AFL or NRL match for example. Ever had a bet on either and at some stage in-play had a change of thought/heart and wanted to trade on your position?
Betfair customers can ring Betfair’s Telephone Betting Service and trade their position in-play to either lock in a profit if their position has improved or take a lower loss if it has diminished.
Price Fluctuations In-Play
Take a look at a real time trading example. The traditional AFL ANZAC Day clash between Essendon and Collingwood usually offers up a tight contest which means the market will fluctuate dramatically as it has to the right in 2014.
Essendon put on a 5-goals-to-none first quarter in a dominant display. Essendon’s pre-play price of $2.69 quickly moved into $1.61. A shell shocked Collingwood took a hit on the exchange as their price drifted out to as high as $4.00.
Collingwood went on to out goal Essendon 12 to 2 in the next three quarters. Applying the same trading opportunities as mentioned above you can see the opportunities to trade on your position by utilising in-play betting.