Tag Archives: market
Betfair Software – Bettrader Reviewed
Having had time in the course of the last weeks to evaluate the BetTrader software I can honestly highly recommend it. The interface is understandable, and very simple to understand, for the newbie, as well as having all the information a pro-trader requires on a solitary screen.
Having checked out the support side, Adam responds to questions promptly, and was each time obliging, a very good sign that a product is well supported.
This is NOT a betting bot, but a method to trade manually, simply & quickly on Betfair, and in truth if I am just doing quick manual trades on the horses myself, I at present use the BetTrader software.
Supplied with BetTrader are around 20 exceptional videos on how to benefit from it, so you have no excuses on what every function does. Not only that, an outstanding bonus is they supply you with videos on how to trade, and don’t charge you a penny for them. These are a MUST watch, and after a week or two of practise, and probably losing a few quid, you’ll develop the hang of it. Do not expect to profit from trading straight away, and use no more than & 65533;2 stakes now until you have proven you can profit.
Some easy rules when learning to trade are:
1. Don’t give up, the penny will drop, even if it takes weeks.
2. If you make a cock-up, walk away, stop trading, and learn from it.
3. Never permit a trade go in-running, in truth you should only be in the market no more than 30 seconds. If you do, you can easily lose the bank.
4. If a trade starts going against you, or is not doing what you predicted, get out promptly.
One video you MUST view is “Betfair Trading Using Advanced Coin Flipping and Guesswork Techniques”. This shows you a trading secret nearly all pro-traders would not like you to know! Basically that your trade entry point can be random, and you still profit. In the early days of Betfair trading WOM (Weight of Money) used to be the trend to adhere to, this is no longer the case, you now have to view the market and obtain a feel for it.
The most notable bit about BetTrader is that it is FREE, so no reason not to download it and give it a go today.
So their ought to be a catch right? Not really, you can trade via Betfairs API at no cost using the Grid in the software (that is the screen similar to Betfairs own). This is fine for learning.
Oh, while I remember, YOU MUST USE A SEPERATE ACCOUNT FOR TRADING, otherwise you’ll never know if your trading is profitable or not, and if it is, other betting could wipe out the profits.
If you want to use the part of the software that the pro-traders use, the Ladders, and you ought to if you really wish to make decent long-term profits, then you do have to pay, but the outlay is tiny in relation to what you can earn, and this is to cover the companies outlay for Betfair allowing use of the API (Betfairs entrance!) Betfair charge them a decent wad for that.
Why use the Ladders, you’ll find out in the videos, but basically they give you an immediate eye view of the first 3 in the betting which take the most cash, and therefore effect the sum total market. Betting markets at all times try and accomplish 100%, so if the Fav is moving down the ladder, more than likely one of the others will start going up….Time to trade. The Ladders makes reading the market easy, something which can be testing to do on the conventional Betfair layout.
I highly recommend this software for someone wanting to generate cash from trading. If you are new to it, stick to & 65533;2 stakes until you show for at least a week you can produce money from it. Once you have mastered it, you then have a very limited risk revenue, tax free, that can generate you a few hundred a day.
Watch ALL the video’s on the site, they will teach you all you need to know.
Online Gambling May Be Cut Off By New Legislation
There is a new law waiting to be signed by President Bush which was presented to Congress that is holding the $12 billion online gambling industry by a thread. It appears that Tennessee Senator Bill Frist, introduced the bill on Saturday by joining it to the Safe Port Act before Congress took its election recess in November.
The Unlawful Internet Gambling Enforcement Act that is expected to be signed by President Bush, will practically finish off all online gambling sites by making it illegal for any bank, credit card company or online payment system to process any payments being made to online gambling companies.
The new law states that Online Gambling sites are now banned from accepting any type of check, credit card or electronic transfer payments for internet gaming in the US and seriously puts the industry in chaos.
Surprised at the passing of this new debilitating law, the leaders in the online gambling industry took drastic measures and started to trade off stock on the London Stock Exchange which erased $8 billion from the industry. PartyGaming, the world’s biggest online gambling site said that they would cease their ties with the 920,000 active US customers they currently have only when Bush actually signs the new act.
Although the new law hasn’t yet been signed, the industry is already being drastically affected. PartyGaming’s stocks alone have dropped 60% ending up at a measly .81 cents a share. Other sites like SportingBet and 888 Holding were also affected by the change and have since lost a lot of money on their shares. 888 Holding, for example, had a 48% decrease on their shares dropping them down to $1.42 on the British Market and announced that it was going to no longer continue its online gambling business in the United States.
This isn’t the first Act, however, that has given the federal government power to break down the online gambling industry. Under the 1961 Wire Act, the federal government has the right to brake down online betting in sports, poker and other casino games that are considered to be illegal under the law.
This is seriously debilitating the industries economy because the US consumer market is responsible for 50-60% of the online gambling revenue. These critical laws against the online gambling site owners are forcing companies to shut down or move out but what’s clear is that they are no longer welcome in the United States.
The Madam Chairman of the Interactive Gaming Council, Sue Schneider, has predicted that over 500 companies running around 2,300 online gambling sites around the world will be facing extinction and will most likely be wiped out of the industry all together. The small number of companies that manage to live through this incredible crisis will have to live with a huge cut back on their revenue and figure out new ways of growing again. The idea of opening up in the Asian market has become a favored idea for many.
Whatever the case may be, companies have 270 days after the bill is signed to figure out their plan of action before the U.S. Attorney General Alberto Gonzales decides how the law will be enforced.