Betting Exchanges -
Free £20 bet with Betfair
To lay the one team each time
you will need an account with one of the betting exchanges. To open
an account with Betfair.com and receive a free £20 bet just for
doing so, please quote the reference number below when filling in
your new account form.
When reading the 'Next
Selections' section on the members home page, we are 'laying' which
means backing against the team in green. Please read the
section On 'Placing Your Bets' below. If you are unsure how to lay a
football team on the betting exchanges, please contact me with any
questions and I will hopefully be able to help. It really is very
When we have a losing bet the loss is taken from the average of over
60 bookmakers, plus 10%, or the Betfair price of the team we are
laying at the time that the selections are posted. Whichever is the
biggest, we use as the lay price. You can find the bookmakers odds
that we use by going to
http://www.betexplorer.com/soccer/england/ , clicking on the
league of the game that you are concerned with and then clicking on
the match itself. This will show you the whole list of bookmakers.
After each bookmaker is their
price for the home, draw and away. At the top of the
page you will see: 'Add to my selections' with three prices shown
which are the average prices. We add 10% to this average price and
compare it with the price of the team we are laying on Betfair at
the time the selections are posted. The biggest of these two is the
we use to calculate any losses when a bet is unsuccessful. It may be bigger or smaller than
you can get your bet on at, but should even out over the long term.
Placing Your Bets
By far the easiest way to
place your bets is by using a betting exchange such as
Betfair. Here you can simply bet against a team with one bet
automatically and effectively place two other bets, one on the
other team and one on the draw.
Find the match that you are
betting on and you will see a blue column under the word 'Back' and
a pink column under the word 'Lay'. There will be three boxes for
each, the home team, the away team and the draw. Find the team you
are backing against
and click on the box for that team in the
column. A betting slip will open up on the right where you must put
your amount per bet in the 'Backers Stake' box. If you wish to win
£10 per bet you will put £10 in this box but it can of course be any
amount over £2.
Your liability (the amount
you stand to lose) will now be displayed also. You must have this
amount in your betting account to cover the eventuality of the bet
losing. Now click 'Submit' and then 'Yes' and your bet is placed.
To make sure that you can
cover all possible losses you should start out with a reasonable
sized betting bank. Please remember that this is a long term
investment and as such should be taken seriously. The bigger your
initial bank is the larger your profits will be but you can of
course start with a minimum amount.
If you were starting a
business that was to make you a second income you would not hesitate
to put in a few thousand pounds to get you up and running. For this
system it is recommended that you have enough
to cover all losses on one days betting. You can work this out by
adding up all the liabilities on each bet on one day.
Risk Of Money Losses
You must be warned that all
forms of betting carry a risk of losing money and you are advised to
only bet what you can afford. It is much better to bet small for a
few months and watch your bank grow before placing bigger bets. This
is a long term investment so take your time. You can see by the
results that this is a safe system to use as the profits increase
steadily month by month as a result of placing sensible bets the
advantage is on our side.
I have to state that no
previous successes guarantee any future profits, however I am as
confident that they will going on my previous years betting.