Winning on Betfair For Dummies, 2nd Edition
Alex Gowar & Jack Houghton
ISBN: 978-0-470-72336-4
Paperback
210 pages
March 2008
RRP £9.99
Book Description
Betfair is the world’s leading online betting exchange. Launched in 2000, its annual revenues reached £145m in 2006. In the last year, Betfair has more than doubled its number of registered users. Since the first edition of the
book was published, the total number of Betfair websites has risen to 18, and an Australian exchange has launched. The services Betfair offer have also expanded, including a telephone betting operation and new games including poker, blackjack and baccarat.
This is the definitive insider’s guide to playing – and winning – on Betfair. Written by Betfair insiders it gives you the full picture of how Betfair works; it explains the terms and jargon, helps you get started on the site, introduces every type of play – including poker and the Betfair Casino - and offers tips and insider know-how that both newcomers seasoned Betfair punters can use to maximise returns.
Table of Contents
Chapter 1: Introducing Betfair
Getting Your Head Around Betfair
Revolutionising Betting
Pool betting operators
Fixed-odds bookmakers
Enter Betfair
Benefiting from the Exchange
Better odds
Back and lay
In-play betting
Winners always welcome
Chapter 2: Starting Out with the Essentials
Getting the Right Equipment
Opening a Betfair Account
Personal details
Account details
Depositing Money
Withdrawing Money
Chapter 3: Managing Your Account
Working with My Account
Account Summary
Account Statement
Deposit Funds
Transfer Funds
Withdraw Funds
My Card Details
Current Bets
Betting History
Betting P&L
My Profile
My Security
Betfair Points Statement
Betfair Holidays
Refer and Earn
Customising Your Betting
Being Part of the Betfair Community
Chapter 4: Choosing Your Market
Betting: From American Football to Yachting
Betting on sports
Betting on financials
Betting on politics
Betting on specials
Getting to a Betting Market
Using the menu
Using Search Markets
Using the fastlinks
Understanding the Different Types of Market
Place markets
Handicap markets
Multiples betting
Range betting
Line betting
Chapter 5: Placing Your First Bet
Understanding the Basics
Backing and Laying
Backing
Laying
Asking for Better Odds
Figuring Out Matched and Unmatched Bets
Paying Commission
Chapter 6: Doing the Maths
Being Value Conscious
Adding It All Up
Getting the Value
Using your knowledge
Using data
Combining knowledge and data
Having More Than One Bet in a Market
Chapter 7: Betting In-Play
Watching a Contest Unfold on Your PC
Knowing What Is In-Play
Managing In-Play Markets
Using the Keep Bets Option
Going In-Play Crazy
Photo finishes and stewards’ enquiries
1.01 and 1,000 betting
Knowing Your Source of Information
Profiting from Being Nearly Right
Know your event
Chapter 8: Using Betfair Starting Price
Placing a Bet at the Betfair Starting Price
Backing at Betfair SP
Laying at Betfair Starting Price
Setting Starting Price Limits
Chapter 9: Poker, Games, and Casino
Knowing the Difference Between Games of Chance and Games of Skill
Playing Online Poker
Chancing Your Luck at the Online Casino
Realising that the odds are against you
Heading into the Zero Lounge
Playing Exchange Games
Chapter 10: Finding Information
Types of Information
Backing your opinion
Judging information
Chapter 11: Low-Risk Betting: Trading
Buying Low, Selling High
Putting theory into practice
Making life easier
Knowing when to lock-in
Following the Market
A different type of trader
Supply and demand
A horse racing example
The professional’s philosophy
Exploring More Market Strategies
Keeping One Eye on the Event
Chapter 12: Low-Risk Betting: Arbing
Arbing Between Betfair and Another Bookmaker
Arbing Between Different Betfair Markets
Some Final Words on Arbing
Chapter 13: Going Pro
Working Out What Constitutes a Living
Assessing Your Qualities
Being analytical
Specialising
Having discipline
Working hard
Taking the Plunge
Chapter 14: Controlling Your Gambling
Preventing a Problem
Recognising a Problem
Chapter 15: Ten Common Mistakes to Avoid
Not Reading the Rules
Laying the Wrong Odds
Laying When You Mean to Back
Taking the Available Odds in Quiet Markets
Betting ‘Just for Interest’
Chasing Your Losses
Assuming Something Goes In-Play
Leaving Unmatched Bets Open
Betting on Something In-Play That Isn’t Live
Spending Too Much Time on Betfair
Chapter 16: Ten Top Tips
Have a Betting Bank
Assess Your Position with Control Settings
Try My Markets
Open Multiple Betfair Screens
Invest in the Best Equipment
Use Keyboard Shortcuts
Get in the Zone
Check Your Bet
Experiment with the % Book Function
Beware Fat Fingered Typing
Chapter 17: Ten Sporting Information Sources
The Racing Post
Timeform
Betting.Betfair.com and the Betfair Forum
Cricinfo
The Met Office
The BBC
The Betfair Developers Program
Other Bookmakers via Oddschecker
LiveScore
Betfair Radio
Chapter 18: Ten (or So) Most Amazing Markets
Cheltenham Gold Cup, Ante-post Market, March 2005
Inter Milan versus Sampdoria, Match Odds Market,
January 2005
Final Ashes Test, Richie’s Last Words Market,
September 2005 Next Newcastle Manager Market, September 2004
Breeders’ Cup Turf, Win Market, October 2003
Benson & Hedges Masters Snooker, White versus
Ebdon, February 2003
Champions League Final, Liverpool versus
AC Milan, May 2005
Ascot, Historic Place, February 2004 U17 World Championship Soccer, Cameroon versus
Portugal, Match Odds Market, August 2003
Greyhound Derby, Heat 21, May 2004
Next Liberian President Market, November 2005
Australia versus Zimbabwe Match Odds,
Twenty20 World Cup, October 2007
Chapter 19: Ten Betfair Firsts
First Market
First £1 Million Market
First Novelty Market
First 1.01 Loser
First In-Play Market
First 1,000 Winner Pre-Race
First Telephone Bet
First Exchange Game
First Betfair Customer First Memorandum of Understanding
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