Now you know a traditional bookmaker offers you odds on an event, such as 6/4 the favourite in the 12:30 at Southwell will win the race, or Manchester United will beat Aston Villa 2-0 at the odds of 6/4. Well Betfair, and other exchanges do precisely that, and if that is all you want to do that is all you really need to know apart from the fact that the average odds over the long term are 20% superior than those you get in a traditional bookmaker. So if you are using a bookmaker and losing say 10% of everything you bet over a year, if you had placed all those exact same bets with a betting exchange then you would probably have finished the year in profit! See how easy it is to see why you are throwing money away by not using them?

Now you do have to pay a commission on every winning gamble. This amount varies but starts at 5% for new signups, but you can get this down as low as 2%. Now some folk think this is a gambling tax, and that the bookmakers charge 0%. That is not accurately true, you see the bookies get charged 10% tax by the government, and they claim that back by taking 10% off the odds!! They hide it to fool you into thinking you are not paying tax! Betting exchanges tell you this charge upfront, and it is never more than 5%. You can now even get the exchanges own version of SP, and yet again this beats the bookies SP over the long term.

So now for a short history of the company. Betfair, was formed in June 200, the site was launched to allow customers to bet against each other rather than the customary High Street bookmaker. This is also no different than people playing on the stock market buying and selling shares. The company has since expanded into Australia, and turns over more than £50 Million a week. Large sums when you consider this is all clients money! They now also have gaming products such as poker and a casino, and take 100′s of bets a second. Your account money is also ring fenced, meaning it is protected 100%.

The exchanges are also a equal playing field, unlike bookies who can put the odds in their favour as much as they wish. Bookmakers do play a lot on the exchanges these days, but have to go with the market prices, and they also must pay commission, so a bookmaker with £Millions, has to behave exactly the same way as Joe Public with his £10 wager.

Betfair have some simple to follow rules on the website, but briefly you have the following:
1) All odds are in decimal by default, which does scare some individuals off, so just hover your mouse over the odds and you will see them come into view as they are in the bookmakers.
2) You have 3 rows of blue, and 3 rows of pink next to each selection. In the Options you can change this so you just have one on each side if you are new.
3) The Blue side is used when you BACK a horse, that is you want that selection to win.
4) The Pink side is used to LAY a horse, that is you want it to lose. Yes you can bet horses to not to win here!
5) The lowest stake at Betfair is £2
6) To place a bet just click on the Blue/Pink odds, and enter your stake. Simple as that!
7) If you just want SP bets, set this in the Options. Any races you have a bet on you can view the live video stream.

So do you not think it is time to start having some of that extra money for yourself from Betfair, instead of others winning it?

A lot of gamblers have heard of Betfair but in contrast with individuals that use bookmakers, only a small minority use the betting exchange. Why is that? The main reason is they just do not understand the concept of it, and yet it is very easy. I will do a quick article here to enlighten you of the basics, but the most vital message is that if you do wager on horse racing, or sports, and you get pleasure from throwing money away, then please continue not to use a betting exchange!

Now you know a traditional bookmaker offers you odds on an event, such as 6/4 the favourite in the 12:30 at Southwell will win the race, or Manchester United will beat Aston Villa 2-0 at the odds of 6/4. Well Betfair, and other exchanges do precisely that, and if that is all you want to do that is all you really need to know apart from the fact that the average odds over the long term are 20% superior than those you get in a traditional bookmaker. So if you are using a bookmaker and losing say 10% of everything you bet over a year, if you had placed all those exact same bets with a betting exchange then you would probably have finished the year in profit! See how easy it is to see why you are throwing money away by not using them?

Now you do have to pay a commission on every winning gamble. This amount varies but starts at 5% for new signups, but you can get this down as low as 2%. Now some folk think this is a gambling tax, and that the bookmakers charge 0%. That is not accurately true, you see the bookies get charged 10% tax by the government, and they claim that back by taking 10% off the odds!! They hide it to fool you into thinking you are not paying tax! Betting exchanges tell you this charge upfront, and it is never more than 5%. You can now even get the exchanges own version of SP, and yet again this beats the bookies SP over the long term.

So now for a short history of the company. Betfair, was formed in June 200, the site was launched to allow customers to bet against each other rather than the customary High Street bookmaker. This is also no different than people playing on the stock market buying and selling shares. The company has since expanded into Australia, and turns over more than £50 Million a week. Large sums when you consider this is all clients money! They now also have gaming products such as poker and a casino, and take 100′s of bets a second. Your account money is also ring fenced, meaning it is protected 100%.

The exchanges are also a equal playing field, unlike bookies who can put the odds in their favour as much as they wish. Bookmakers do play a lot on the exchanges these days, but have to go with the market prices, and they also must pay commission, so a bookmaker with £Millions, has to behave exactly the same way as Joe Public with his £10 wager.

Betfair have some simple to follow rules on the website, but briefly you have the following:
1) All odds are in decimal by default, which does scare some individuals off, so just hover your mouse over the odds and you will see them come into view as they are in the bookmakers.
2) You have 3 rows of blue, and 3 rows of pink next to each selection. In the Options you can change this so you just have one on each side if you are new.
3) The Blue side is used when you BACK a horse, that is you want that selection to win.
4) The Pink side is used to LAY a horse, that is you want it to lose. Yes you can bet horses to not to win here!
5) The lowest stake at Betfair is £2
6) To place a bet just click on the Blue/Pink odds, and enter your stake. Simple as that!
7) If you just want SP bets, set this in the Options. Any races you have a bet on you can view the live video stream.

So do you not think it is time to start having some of that extra money for yourself from Betfair, instead of others winning it?

Bet-IE is a simple to utilize betting bot to be used in conjunction with the Betfair betting exchange for accurately calculating then submitting odds and stakes instantly to accomplish required targets but all under your total control.

Unlike a lot of comparable betting bots, Bet-IE comes with a fully inclusive on board help guide.

If you know about Betfair, then you additionally need to know about Bet-IE. ‘Betty’ will compute stakes, target figures, fixed max stake or profits and has one click bet placing and additionally a straightforward auto stop/loss function. It refreshes the market data automatically and can calculate for up to 16 runners and submit dutched stakes to precise targets or within predefined limits. Also the software can hedge, arb or trade markets (in-running if required), and all with one click.

It also looks at the betting market and indicates weak favs, poor markets, book% and profit%. There is also a ‘money available’ meter to help assess market movements.

Unlike other betting bots Bet-IE includes proven strategies in favor of dutching, hedging and simple trading techniques. What is more they can be tailored to meet your needs whether you are a newbie or experienced user of Betfair. If you are starting out these methods are being used by beginners with fantastic success.

If all that wasn’t sufficient, Bet-IE includes a specialized trading program. Not only is this program outstanding in many ways to other vendors betting bots but there are no ongoing fees or monthly charges.

Bet-IE has its own unique place in the marketplace by having built in strategies that are proven to work consistently while various other betting bots need your input and your experience. It was written and developed by a expert punter who uses it each day as part of his work. It needs to work at its best at all times and users will be provided with upgrades free of charge.

Subject to connection and Betfair site conditions etc it will submit 32 back lay bets in under 2 seconds.

Function List:

* The most powerful and flexible Dutching calculator available – any where!. Dutch up to 16 separate runners and each runner can have its own profit target – no other Betfair dutching calculator can accomplish this.

* Set maximum stakes and limit liability with maximum profits.

* Dutch each runner in the field and enhance your profits and your investment return with the Reverse Odds function

* Fully functional expert Tick Trading function integrated at NO extra cost. Instant Back and Lay with Auto-Hedging facility. Market History and Events List. Instant Equalise Profits button. Unique and very accurate market indicators advise you what time to bet. Why pay ýýý’s a month for poorer software when this program is included FREE !

* The Trading function additionally has a Learning Mode. This unique attribute allows the user to practice their trading skills while not risking some money! All bets and market moves are recorded for you, and there is an Excel Export capability so you can transport your own in depth analysis. Bet alerts even instruct you when to Back or Lay!

* Easy to operate Hedging calculator with changeable stop/loss and interactive odds table.

* LayAll function. Allows you to lay (back against) the Field. Set stakes and targets for all runners and set your liability for every runner. No other code has this function.

* No on going expenses like a lot of betting exchange programs. Just one low cost, and updates are free of charge!

* Built in proven strategies that succeed.

* Comprehensive and fully illustrated built in help documents

* Familiar Betfair look and feel.

* All currencies supported.

* Can be used on ALL Betfair markets including horse racing from UK, USA, AUS, RSA; greyhounds, football, cricket, golf.

* Variable refresh

* All user variables stored for you.

* Choose fully automated data input from the Betfair server or manual input for your own prices and stakes.

* Separate Money Available Meter. Anticipate markets activities and swings.

* Spread percentage or ‘tick’ odds increments.

* Swap function used for multibanking

I was a little worried when I first started using this horse racing software. For a start, the interface is more Windows ME fashion, however, do not allow this put you off. Once I had been using this software for a couple of days its power and flexibility soon stood out.

This software is actually 3 in 1, so you can either solely learn to benefit from one function, which still makes it good value for money, or learn all 3.

The Dutching function is straightforward to get the hang of. I will say this, they provide you advice on how to operate the coloured boxes for the horse names, monitor this to the letter, using a betting bank, and you will profit long term. I have used this software for more than 5 years and the profit graph is permanently on an upward curve. Recently they additionally added a ratings service free of charge with the software which is even more profitable for dutch betting.

You must use no more than 3% of your betting bank for each dutch. Do that, and you will profit as well, which is what you require isn’t it?

The hedging interface, is furthermore undemanding to make use of, but a little more challenging to profit from. Follow the information given by them, evade front runners, and non-handicaps, and you can do alright out of it.

The trading interface is constantly enhanced, so it will instantly be better than what it was when I made this evaluation. Trading is not straightforward, if it was, we’d all be working in the City making Millions. Stick to very minute stakes for the initial month, and you ought to gather a few trends.

Overall, this software is tremendous, and well worth the money, especially as they throw in a forum, free updates, and good support. If you intend to profit from horse racing over the long term, then BET-IE is a must acquisition.

Betting Bot BET-IE [http://www.win2win.co.uk/go/betiearticle.htm] is a fantastic bit of kit, and something you should not be without.

To open an account and claim your free money from the betting exchange, sign up here Betfair.

Review by Keith Driscoll owner of Win2Win Racing.

Article Source: http://EzineArticles.com/?expert=Keith_Driscoll

Search EzineArticles.com:

This horse racing software is constantly updated, so extra functions will generally be available than mentioned here.

Bet-IE is a simple to utilize betting bot to be used in conjunction with the Betfair betting exchange for accurately calculating then submitting odds and stakes instantly to accomplish required targets but all under your total control.

Unlike a lot of comparable betting bots, Bet-IE comes with a fully inclusive on board help guide.

If you know about Betfair, then you additionally need to know about Bet-IE. ‘Betty’ will compute stakes, target figures, fixed max stake or profits and has one click bet placing and additionally a straightforward auto stop/loss function. It refreshes the market data automatically and can calculate for up to 16 runners and submit dutched stakes to precise targets or within predefined limits. Also the software can hedge, arb or trade markets (in-running if required), and all with one click.

It also looks at the betting market and indicates weak favs, poor markets, book% and profit%. There is also a ‘money available’ meter to help assess market movements.

Unlike other betting bots Bet-IE includes proven strategies in favor of dutching, hedging and simple trading techniques. What is more they can be tailored to meet your needs whether you are a newbie or experienced user of Betfair. If you are starting out these methods are being used by beginners with fantastic success.

If all that wasn’t sufficient, Bet-IE includes a specialized trading program. Not only is this program outstanding in many ways to other vendors betting bots but there are no ongoing fees or monthly charges.

Bet-IE has its own unique place in the marketplace by having built in strategies that are proven to work consistently while various other betting bots need your input and your experience. It was written and developed by a expert punter who uses it each day as part of his work. It needs to work at its best at all times and users will be provided with upgrades free of charge.

Subject to connection and Betfair site conditions etc it will submit 32 back lay bets in under 2 seconds.

Function List:

* The most powerful and flexible Dutching calculator available – any where!. Dutch up to 16 separate runners and each runner can have its own profit target – no other Betfair dutching calculator can accomplish this.

* Set maximum stakes and limit liability with maximum profits.

* Dutch each runner in the field and enhance your profits and your investment return with the Reverse Odds function

* Fully functional expert Tick Trading function integrated at NO extra cost. Instant Back and Lay with Auto-Hedging facility. Market History and Events List. Instant Equalise Profits button. Unique and very accurate market indicators advise you what time to bet. Why pay ýýý’s a month for poorer software when this program is included FREE !

* The Trading function additionally has a Learning Mode. This unique attribute allows the user to practice their trading skills while not risking some money! All bets and market moves are recorded for you, and there is an Excel Export capability so you can transport your own in depth analysis. Bet alerts even instruct you when to Back or Lay!

* Easy to operate Hedging calculator with changeable stop/loss and interactive odds table.

* LayAll function. Allows you to lay (back against) the Field. Set stakes and targets for all runners and set your liability for every runner. No other code has this function.

* No on going expenses like a lot of betting exchange programs. Just one low cost, and updates are free of charge!

* Built in proven strategies that succeed.

* Comprehensive and fully illustrated built in help documents

* Familiar Betfair look and feel.

* All currencies supported.

* Can be used on ALL Betfair markets including horse racing from UK, USA, AUS, RSA; greyhounds, football, cricket, golf.

* Variable refresh

* All user variables stored for you.

* Choose fully automated data input from the Betfair server or manual input for your own prices and stakes.

* Separate Money Available Meter. Anticipate markets activities and swings.

* Spread percentage or ‘tick’ odds increments.

* Swap function used for multibanking

I was a little worried when I first started using this horse racing software. For a start, the interface is more Windows ME fashion, however, do not allow this put you off. Once I had been using this software for a couple of days its power and flexibility soon stood out.

This software is actually 3 in 1, so you can either solely learn to benefit from one function, which still makes it good value for money, or learn all 3.

The Dutching function is straightforward to get the hang of. I will say this, they provide you advice on how to operate the coloured boxes for the horse names, monitor this to the letter, using a betting bank, and you will profit long term. I have used this software for more than 5 years and the profit graph is permanently on an upward curve. Recently they additionally added a ratings service free of charge with the software which is even more profitable for dutch betting.

You must use no more than 3% of your betting bank for each dutch. Do that, and you will profit as well, which is what you require isn’t it?

The hedging interface, is furthermore undemanding to make use of, but a little more challenging to profit from. Follow the information given by them, evade front runners, and non-handicaps, and you can do alright out of it.

The trading interface is constantly enhanced, so it will instantly be better than what it was when I made this evaluation. Trading is not straightforward, if it was, we’d all be working in the City making Millions. Stick to very minute stakes for the initial month, and you ought to gather a few trends.

Overall, this software is tremendous, and well worth the money, especially as they throw in a forum, free updates, and good support. If you intend to profit from horse racing over the long term, then BET-IE is a must acquisition.

Betting Bot BET-IE [http://www.win2win.co.uk/go/betiearticle.htm] is a fantastic bit of kit, and something you should not be without.

To open an account and claim your free money from the betting exchange, sign up here Betfair.

Review by Keith Driscoll owner of Win2Win Racing.

Article Source: http://EzineArticles.com/?expert=Keith_Driscoll

Search EzineArticles.com:

Author: Ishmail Downes RSS Views: 46 PRINT ASK ABOUT THIS ARTICLE

Imagine for a second…

You’ve got a strong passion for horse racing, but more importantly, earning money from horse race betting. You try your hand at picking winners yourself, I mean let’s face it, it’s easy, right? So off you go, cash in in hand, Sporting Life under your arm, and the sole aim of putting your local betting office out of business…

You place your first bet, and… you actually win. In the back of your mind you begin bringing your expected age of retirement forward by 10 – 20 years. For your next bet you up the ante… and why not? you ARE a ‘pro’, right? Then along comes your first loser, but being ever the optimist, you’re convinced that loss was just a one off! So you up the ante again in an attempt to recoup all your loses…

Do I really need to go on?… You must know where this is heading, right? So, side stepping the part were you continue to suffer loss after loss after loss, you quickly realise that this punting game isn’t as easy as it appeared, at face value. Then, one day you’re at home alone, bored… You decide to have a browse of the internet. Just out of curiosity, in google you type something like “idiots guide to Lay tips”, sorry, I mean “lay tips” or “horse laying tips”…

The returned search results really, really, REALLY excites you. You forget dreaming about retiring early, this time, you ‘KNOW FOR A FACT’ it IS gonna happen. And who could blame you?… I mean, all the sites you’ve found are claiming that you can EASILY make £50,000+ in the year by following their lay tips. At the end of the day, even your overweight dog can pick out a losing horse with a consistency, right? You obviously can, that’s how you ended up in the mess that you’re in!

The point is this…

Anyone can be who they want to be on the Internet, and wconsidering that an internet website can be put up in as little as 24 hours, this puts the ‘unexperienced’ punter in a very vulnerable position. That’s looking at it from the punters perspective, but what about from so called horse laying tipster’s point of view?…

Any smart marketer can clearly see that selling lay tips can be an extremely lucrative business. It’s perfect… we all know that everybody wants to make money with the least amount of effort. It’s easy to pick a horse to lose a horse race, really, in a fourteen runner horse race, 13 horses WILL lose, putting aside dead heats. And because the internet marketer probably has how to back a horse, never mind layed one, how can they be selling lay tips?…

And what about those wild claims – 50k in a year? Well can anyone prove for this? And do they avoid the bit about the point that there lay tips have NOT been proofed to anyone? What about their staking plan?… Do they have a proper staking plan that is developed around the worst case scenario of a substancial amount of results?…

It’s true! Picking losers in a horse race isn’t difficult, you’ve already proved that, haven’t you? Seriously though, what about when the horse wins, will all your profits have been wiped out. Anyone can pick fifty 100/1 losers, but what happens when one of those 100/1 horses win?… DISASTER!

Moral of the story, there are some, not all, unscrupulous people out there, especially living on the net, so you’ll do well keeping keeping this at the forefront of your mind. Be cautious when picking out a lay tips service. Remember, a ‘sexy’ website doesn’t always mean the service is any good.

Without a betting budget you won’t be able to follow ANY lay tips, bad or good, that would obviously mean you’re out of business. So, make sure you’re in it to win it… take time to pick your horse laying service, that’s the only way you will be able to follow their lay tips with the highest of confidence.

I wish you the best of luck, and happy punting!

Struggling to know which horse laying tipster service to choose from?… Don’t worry, try out this lay tips service NOW. It’s a good one and offers a 30 DAY FREE TRIAL – Hurry, spaces are limited!…

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