I like betfair exchange horse racing as you can request decimal odds for any selection in the horse race so if we have a horse at BSP — Betfair Starting Price of 3.

Asking for larger odds is a game changer and it is the only way to make a profit in the long term. I can never understand punters using bookmakers when you run the risk of the bookmaker restricting your account when you are winning.

When you place a bet on the Betfair exchange you are betting to a small over round so you are obtaining the correct decimal odds for the horse. Most punters are blind when it comes to betting odds and are willing to back horses at the current SP.

I sometimes check bookmaker prices for horses and compare these to the Betfair exchange horse racing decimal odd and the difference for certain horses is jaw dropping. By the way that horse selection won that day!

If you would have backed my selection with a traditional bookmaker you would have lost £60 profit now multiply that by number of winners over the year at that price range. I use trading software which interfaces to the betfair exchange horse racing so I get speed at 40ms and automated bets and greening up.

This allows me to pursue other activities and removes emotion and possible mistakes by human error. Try Betfair exchange horse racing you will not be disappointed well done to betfair and their great website.

I did forget to mention that betfair do offer great bonuses. Life is a learning curve and you certainly learn very quickly when you lose real money.

I am not an avid fan of betfair trading horses in practice mode or paper trading as this presents a no emotion scenario. In other words when you lose money in practice mode it does not hurt. When you lose real money you feel it followed by the negative emotions.

You ask yourself should I give up and do something else but the next day you sit in that chair and start all over again.

Now I am not promoting irresponsible gambling you should only bet or trade with what you can afford to lose. I have used conventional bookmakers and all I can say thanks for the Betfair betting exchange and other betting exchanges like Betdaq that have come on the scene in recent years.

In my opinion there is no contest between a betting exchange and a bookmaker for obtaining better odds and value. When I trade or bet in the betfair horse racing markets on the exchange not the betfair sports book the interface looks clean and very easy to use.

I do have one criticism of the betfair exchange is its cash out functionality being rather slow to react. To combat this I use specialised trading software like www. Greening up or cashing out with this excellent software is relatively straight forward I thoroughly recommend this.

When using bookmakers there are odds for a particular horse race are lower than betfair and you are betting to a large over round unlike betfair which is nearly a perfect book.

With the betfair betting exchange you are betting or trading against the public. This is a great question and one I feel very well qualified to answer.

In my opinion trading and betting at the same time in a betfair horse racing market should be avoided. You need to do one or the other as each approach has a different end game which I will explain.

When trading on the betfair exchange you are trading an amount of money with a small risk at horse race pre race off for a smaller return and repeating this process where appropriate until the race starts. With betting you are aiming for a larger return for a smaller stake while the horse race is in-play at greater risk as the horse has to win the race.

You could argue and say well I can lay my selection at lower price in-play and yes you can. But I view the latter approach as trading a betfair horse racing market not betting and this comes with risk for a smaller return in the long term with less risk.

This can be seen with punters or traders using the old system of Dobbing — double or bust you might place £10 on a horse race to make a profit of £10 if the horse reaches a required lay price in-running and if not lose £ In my opinion Dobbing horses require a high strike rate and you need to have researched your horse selections to adopt this approach.

If you back horses at low decimal odds say 3. If you can read horse form very well then Dobing horses might be for you. To put my final conclusions on this it is better to master one of these strategies horse race pre-off trading or pure betting on horses.

When I started to trade on the betfair exchange I was constantly mixing and matching these two strategies which affected my trading and betting profit.

In those days I was an ignorant punter not looking for value and thus lost more than I won. I like betfair exchange horse racing as you can request decimal odds for any selection in the horse race so if we have a horse at BSP — Betfair Starting Price of 3. Asking for larger odds is a game changer and it is the only way to make a profit in the long term.

I can never understand punters using bookmakers when you run the risk of the bookmaker restricting your account when you are winning.

When you place a bet on the Betfair exchange you are betting to a small over round so you are obtaining the correct decimal odds for the horse. Most punters are blind when it comes to betting odds and are willing to back horses at the current SP. I sometimes check bookmaker prices for horses and compare these to the Betfair exchange horse racing decimal odd and the difference for certain horses is jaw dropping.

By the way that horse selection won that day! If you would have backed my selection with a traditional bookmaker you would have lost £60 profit now multiply that by number of winners over the year at that price range.

I use trading software which interfaces to the betfair exchange horse racing so I get speed at 40ms and automated bets and greening up. This allows me to pursue other activities and removes emotion and possible mistakes by human error.

Try Betfair exchange horse racing you will not be disappointed well done to betfair and their great website. Rewards valid for 30 days. SMS verification required. Only deposits via cards will qualify. Please Gamble Responsibly. Register excl. Bonuses expire 7 days after issue.

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Free bet - one-time stake of £ 40, min odds 1. Max conversion: £ Min £20 qualifying bets stake not returned. Free bet - one-time stake of £30, min odds 1. Full Terms Apply. Qualifying bet cannot be placed in-play or cashed out early. Once the bet is settled, get a £10 free fixed odds bet, a £5 free Total Goals football spread bet, a £5 racing Winning Favourites spread bet and a £1 racing Race Index spread bet.

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