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How traders use scalping to make money on Betfair football trades
Scalping exchanges can be rewarding for bettors progressing from casual punter to experienced trader. However, there are many scalping pitfalls for newbies
Published on 15 April 2020
Updated on 15 April 2020
Author: iwinsoccerbets
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What is betfair scalping?Scalping betting exchanges is a betting style, providing profitable betting gains through steady profits. Scalpers profit from odds variability caused by rising or falling odds due to everchanging betting conditions.
Fundamentally, each Betfair scalper requires an exit strategy to minimise losses.
Small gains can be wiped out by much larger negative returns, if scalpers manage their risk and minimise losses.
Many real-time betting tools can help the technical decisions before executing on betting exchange trades. However, this does not include emotional or psychological rewiring sometimes necessary before making financial trading decisions, which involve financial risk.
Executing on sensible exchange trading decisions is not always easy...
To understand scalping you need to know where to start
Scalp trading is based on the initial starting odds. This means betting exchange traders have priced the outcome at a level, which permits price movement and suggests future positive gains.
Conducting research on selections and calculating your own prices, will help you to identify fairly priced odds, which suggest probable value within expected odds movement.
Is there an easy scalping strategyStarting odds provides an event baseline, so a scalper can gradually gain profits over time, with the awareness it can be ever-so easy to destroy profits over a short period.
Many betting exchange scalpers take long-term views and gradually increase profits over time with gradual wins and small losses, which accumulate to profitable scalp trading over time.
How to spot successful scalp traders
Successfully scalping betfair football matches requires a greater proportion of winners rather than losing trades.
As scalped returns are small, there must be a much higher proportion of small wins to overcome the larger losses incurred by a small number of losers. This is how some people profit, as the betfair scalpers maintain profitable selections throughout their trading.
A review of betting scalp trading with some practical considerations
Trading betfair for a living requires consistent and usually small positive gains, which profitably to accumulate over time. This limits negative financial exposure by reducing loss making bets/trades and protects your trading account from big losses.
Small (and sometimes minute) profitable scalp trades identify issues with a competitor’s probability assessment or risk assessment. Helping scalpers take advantage of the highs and the lows of betting exchange traded odds.
Although everyone wants a big win, Betfair scalping relies on multiple imbalances between back and lay football odds or horse racing betting exchange odds. Combining betting exchanges and bookmakers identifies multiple positive funding options for your betting eWallet or betting exchange account.
Scalp Trading Betting Exchanges Strategy vs Traditional Price-Backing Strategy
Real scalpers are committed to profit based on the delta changes (i.e. profit based on the differences between one odds price and another odds price). Genuine scalpers monitor the spread (i.e. difference between two points) rather than the headline odds price. Whereas, a traditional price focussed punter concentrates on the headline odds figure.
Under normal conditions, Betfair spread betting trading is similar. The difference between opening odds and kick-off odds (and everything in between) is balanced. Traders would not expect to see wild odds swings unless an unforeseen external factor are expected to alter the outcome.
Can scalping be your main betting style?
Under normal circumstances, issues often occur when bettors want to make big money quickly.
Making money on betfair by laying horses or laying football matches are both possibilities for determined scalp traders. Scalping offers significant potential to profit, which must be balanced with patience and persistence.
If professionals understand they can make money with betfair exchange (legitimately), it must be possible to make small gains over time, but this requires dedication and effort to make the same amount of money, as competitive daily exchange traders.
How much effort did it take you to become good at your job? Now think how much time and effort it would take for you to consistently return the same amount of money as your wage or salary; every day, every week, every month and every year for the foreseeable future?
This is why scalping is realistic, but it is not the most popular betting style for your average punter.
Scalping can be a long and lonely road to profitable betting and you may not have the psychological profile for small accumulative wins with the often real potential for serious mistakes or significant losses; wiping out hard fought profits.
Some experienced traders use high frequency scalping, as a means to extract betting exchange profits. However, it is often difficult for inexperienced bettors to make sensible and mathematically accurate tests.
Could scalping be an additional betting style for you?
As described above, scalping money from Betfair is where you can use a combination of starting odds, odds movements, exchange market fluctuations and competitive trading to gradually profit with small positive returns over time.
Longer term trading for most casual bettors could be focussed on the outcome of a tournament or a national league campaign. That’s when making longer term trading decisions is easier when not concentrating on highly volatile kick-off or in-play trading.
Trading for risk managementTrading can also be used as a risk management (or risk mitigation) strategy. This approach may help traditional price-focussed bettors become accustomed to scalp trading; analysing associated risk and deciding the reward warrants the bet/trade.
For example, if you backed a team to win, but odds started drifting, it might make more sense to opt for an additional lay bet; offsetting (or minimising) your financial risk. Ensuring you receive a reduced return rather than a total loss.
Do you know how to make money trading Betfair (or any other betting exchange)?
Are you a betfair trading novice? If so be very careful or you may lose significant funds over the long-term.
There are many exchange betting guides on the internet, but this does not always provide the best advice (or easiest advice) for people to gain profits on betting exchanges. Unfortunately, you’re not a traditional bookmaker, but you’re competing against traders and punters with more or less knowledge than you.
So, now comes the difficult question.
Are you more skilled than the majority of traders and punters at finding profitable selections and trades?
Hand on heart; the vast majority of people should answer no to the above question, but many punters fancy their chances at profiting from the stupidity of others.
Unfortunately, unless we take time to learn betting exchange trading, we will end up losing hard earned money to traders, bettors and speculators with better knowledge or better luck!
Good luck!
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