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Betfair.com - How To Gamble without Losing
For many years I was sceptical of people who claimed to be professional gamblers. To me it just seemed almost incomprehensible that people could make consistent profits day after day, week after week, even with the added convenience of online bookmakers. That was until 2002, when I discovered this relatively new betting company called Betfair, which introduced the completely innovative concept of person to person betting, cutting out the bookmaker completely.
Betfair allows people to place bets anonymously with each other on a whole range of markets, giving you the option to back or lay bets. Therefore you can still back a selection as you would
in the normal way with a bookmaker, but you can also lay a selection to lose, effectively playing the role of a bookmaker.
At the time I was struggling financially after losing lots of money from the infamous dot com crash, so almost in desperation I opened an account and deposited £100. Anyway having a keen interest in the financial markets, I started trading the FTSE markets on Betfair and quickly discovered that with a half-decent data feed it was remarkably easy to build up this initial stake. I even started dabbling in some of the other markets such as football and horse racing and after much experimentation and analysis discovered profitable methods of trading these markets as well.
After 6 months, I had managed to build my betting bank up to £5000 from an initial stake of just £100. Furthermore these profits have steadily continued, up until the recent day in 2006, with Betfair trading being my full-time job until recently. Betfair has literally transformed my life and the profits earned have allowed me to buy stakes in two businesses and leave me with no financial worries whatsoever. Ironically these two businesses, that were financed solely by profits from Betfair, now take up most of my time, and therefore I no longer have the time to trade on a daily basis.
How did I achieve these profits? Well I hadn't simply placed bets and hoped they won like the old school professional gamblers claim to. I'd achieved these profits predominantly from trading. This is simply placing a bet at a certain price, and laying it all back, plus a bit extra, at a lower price later on to guarantee a profit whatever the outcome. For example, staking £100 on the daily FTSE finishing up at 1.5 (Betfair uses decimal odds which after you get used to them are a lot easier to use) would return £50 profit if the selection won. Let's say the FTSE moved up slightly and is now 1.39 to back and 1.4 to lay. You could now lay the FTSE up at 1.4 for £107. This would guarantee a profit of around £7 whatever the outcome:
FTSE finishes up: profit = (£100@1.5 = £50) - (£107@1.4 = £42.80) = £7.20.
FTSE finished down: profit = (£107) - (£100) = £7.00.
Now if you do trades like these many times these profits soon add up. I traded the FTSE markets almost exclusively for nearly 4 years and generated vast profits.
Note you don't have to just back and lay. Laying a low price and backing it back later at a higher price would have the same result. This opens up many opportunities. You could do this in any sport you like.
Let's take an example from the horse racing section of my website to demonstrate this point. When I trade horse racing my sole aim is to find horses whose prices on Betfair are either too high or too low in comparison to the traditional bookmakers prices. I don't care whether they win or not, that's completely irrelevant.
Now the Betfair prices will be more generous than all the bookmakers' prices, but you want to find prices that are significantly higher than these prices, that will come in other time so you can trade out. An example of one such instance on my site is a horse called Ameeq. It was trading at 5.0 on Betfair yet it was trading at between 3.5 and 4.0 at the bookmakers (most were either 3.5 or 3.75). I staked £100 on Ameeq on Betfair at 5.0 which would return £500, £400 of that being
profit. About an hour later the price had indeed come in and was now closer to the bookmakers' prices at 4.6 to lay. I therefore layed it back at this price for £108.70 (after doing a quick
calculation using the Betfair interface) to guarantee a profit of around £8.70 whether the horse won or lost.
I've been doing trades like this, mainly on the FTSE markets, for nearly 4 years using clearly defined strategies, and although admittedly there have been some occasional losses, over time the profits have been consistent and have far outweighed any losses.
Of course a system is needed to cash in on this fantastic opportunity and that's how No Gambling System http://no-gambling-system.com/ was born. It's systems like this the Pro's on Betfair don't want you to know about.
Here is what people say about my system:
"In Just 10 days I Raked In Over $4,000 !" -Vato, Soria Spain
"Hi, my goal was to make $100 a day, thanks to your system I am able to put $250-$300 aside every trading day with very little effort. You cannot imaging how grateful I am, if you told me
something like this was possible 2 years ago I wouldn't believe it." -Sara Banks, London UK
"Hello, I can't tell you what a feeling this is: I placed my first small bet following exactly the described steps in your No Gambling System and WON! This is especially incredible because I
am a total novice to Betfair betting and 60 years old. If I can do it, ANYone can. Thank you for your system and your infinite patience in answering many of my "stupid" questions. Go ahead
and use me as a testimonial! To a truly prosperous 2007!" -Jane
So, can you really make a living from Betfair without gambling? My answer would most defintiely be yes. I'm living proof of this, and I know many other Betfair traders who are equally adept at generating regular profits from trading. It's not for everyone, you do need a lot of discipline, but it is definitely possible.
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