How to predict price movements? When back and when lay? All these are critical questions for successful trader. To trade on Betfair you need some more information than offers ordinary betting book. In reality you need to know more than other traders to be one step forward. In the BetMarket Trader we decided to add unique market indicators which can help you to predict market trends. These market indicators are also included in our Betfair statistics collecting software.

“WoM” is a wide known but still useful indicator. It shows a ratio and difference in offered amounts to back and to lay. When this difference is negative, i.e. there are more on the lay side than on the back side, it means that prices more likely will be shortening. And otherwise if WoM is positive they will be getting longer. To help you to choose the bet type WoM changes its color either to blue (Back) or pink (Lay).

“Matched” is an amount of money which was matched for a given selection. Bellow you can see also a matched percentage comparing to whole matched amount for the event. It can help you to find the most popular trading selection.

“New” displays the amount of the last matched bet on the market. You can see a type of this bet as well. If it was Back the top side of New will be blue, otherwise pink. This indicator is good to see when market players do frequent big stakes which can mean a change in the price movement direction. Bottom part of this indicator shows the ration in back and lay matched bets for the time you are watching this market.

“EMA” shows an exponential moving average for Lay and Back bets on the market. The top part shows an average back stake and bottom shows an average lay liability. You can control the EMA period on the Settings page (by default it is 19).

You can download all our software for free here: Download. Happy betting

Today we will show how to use BetMarket Trader when the event In-Play.

Resubmit feature makes it possible to resubmit all unmatched bets which were canceled when the event was suspended. The application remembers all your unmatched bets and automatically offers them once the event goes In-Play. It is good if you don’t want to manually resubmit your bets which were unmatched. Also some traders have they own betting strategies which are based on the fast In-Play bets submission. One more remarkable feature is that you are able to place and cancel your bets even in ‘Suspended’ period. So you have an extra time to manage your bets.

Another helpful feature is so called ‘Preset Prices’. You can setup your own back and lay price (one price for back and one for lay). They are seen as fourth columns with prices in your book. Say, you want to be sure that your Back bets will always be matched. You can set the Back preset price to 1.01 and use it when the prices move very fast. Your bets will always be matched at the best odds available. The same is right for Lay bets if you are using Lay preset price with high odds, for instance, 20. To setup your preset price, right click on the fourth price column and you will see an input box. Fill it with your price and it is ready to use.

The last feature we will tell you today is Lay All button. This button lays all the selections at the selected price. However you should be careful with it because it will offers all bets immediately, regardless from such settings as Confirm Bets.

The next tutorial will be about the market indicators.

You can download all our software for free here: Download. Happy betting!

Today we will explain what is ‘Smart Bets’ and ‘Betting on the edge’ and how you can use these features to successfully trade with BetMarket Trader.

Smart Bets is an option which gives you an ability to automatically compute the stake amount for the trading bet. Using Smart Bets feature you can create a Win/Win trading situation where you are making a profit regardless from the event result. How it is possible? When you are in Trading Mode (to learn more about this read our Trading Tutorial) the application places a trading bet for you after your first bet. Enabling Smart Bets option you force the application to analyse the difference in prices between two bets and automatically calculate a stake for the trading bet. By default the application spreads your profit between lose and win in equal parts. However you can setup it to get profit of, say, 70% if the selection won and 30% if it lost. You can control this parameter (win percentage) in the Settings dialog which you can see bellow. Take a look at Win Percentage input box.

What percentage you should use? Well, it is up to you and depends from your trading style. Some traders prefer to create a maximum profit if the traded horse won and others like to be sure that they will be in profit no matter which selection won.

Now lets talk about another useful feature, Swap function. When it is enabled the application will place a Lay bet if you’ve clicked at Back cell of the book and vise versa. This gives you an ability to use prices of the different bet types and bet faster. Let suppose we have a situation when Back price is 1.65 and Lay price is 1.66. You want to place a Back bet at 1.66. Without Swap feature you would need to enable Confirm Bets function, then click on 1.65 Back cell, adjust your price to 1.66 and click Confirm button. All this is time consuming. However you can simply enable Swap function and click and 1.66. And that is all, your bet will be offered to the market. This feature also makes it possible to use so called ‘Betting on the edge’ trading technique when you are placing Back bets at lay prices and Lay bets at back prices.

In the next tutorial we will show you how to use BetMarket Trader for In-Play betting.

You can download all our software for free here: Download. Happy betting!

Today we would like to explain some elements of the BetMarket Trader interface and how you can adapt them for trading. We will try to describe in details all steps and show you how to make the software work most effectively.

To start, run BetMarket Trader. Bellow you can see the screenshot of the main window.

Lets start from the top-left corner. You can see two fields there: Back Stake and Lay Stake. They are drop-down lists with preset back and lay amounts. The software will use the selected amount as a stake for bets when you click on one of the table’s cells. Take a look at ‘As Stake’ button. When it is enabled (has a green colour) it means that the amount in the Lay Stake field will be used as an actual amount of the stake. However if it is disabled, it forces the software to use an amount in the Lay Stake as a stake liability. In other words, before placing a bet, application will automatically calculate a stake from the liability using formula stake = liability / (price – 1). This gives you an option to choose an amount which you are willing to risk laying a selection.

The next input field is Offset. To the right from Offset you can see OFF button. These two elements are related to so called ‘Trading mode’ of the application. OFF means that trading mode is disabled. To enable it on, simply click that button. When the application is in the Trading mode, it automatically offers a trading bet (also called arbitraging bet) which is opposite to the one you have offered last time. ‘Opposite’ means a Lay bet if the first bet was Back and Back bet if the first was Lay. Offering a trading bet the application uses a figure in the Offset field to calculate a bet price. The Offset specifies the difference between prices of the first bet and trading bet in ticks. To make it all clearer lets look at the next example. Say, you have Trading mode enabled, Offset is 3 and you want to trade on some selection. You are backing it at 1.80 clicking on the respective cell of the book. Now the application takes its part. Once your bet at 1.80 is matched, the application automatically offers a trading Lay bet for you at 1.80 – 3 ticks, i.e. at 1.77. You are making profit from the difference in prices (of course if both bets are matched). The more difference, the more you are making.

There are two options for trading bets. The trading bet can be offered either after the first bet was matched or immediately after you’ve placed the first bet. You can control this option using ‘Consequent’ button. When it is enabled the application waits until the first bet is fully matched before offering the trading bet. Which option you should use? Well, in most cases you will want to leave ‘Consequent’ button enabled. We would recommend having it enabled for beginners. However if you want to trade regardless from which bet (Back or Lay) is matched first, you can disable ‘Consequent’ button.

The last thing we would like to tell you today is the bets confirmation option. You can control it by ‘Confirm Bets’ button. By default it is enabled and we recommend leaving it enabled until you will feel yourself familiar with BetMarket Trader. Every time you are making a bet you will see the bets confirmation dialog which is illustrated bellow. It displays all bet details including a stake amount, price, profit and liability. You are able to adjust your stake and price before confirming the bet. Also you can cancel the bet simply clicking ‘Cancel’ button.

In the next tutorial we will explain ‘Smart Bets’ and ‘Swap’ function (so called ‘Betting on the edge’).

You can download all our software for free here: Download. Happy betting!

Today we would like to tell the basic steps which you need to know to successfully use our software.

1. Once you have opened BetMarket Trader, you need to configure your Betfair account to get started. To do that, open Settings dialog, selecting “Settings” from the main menu.

2. You will see Settings dialog where you need to input your Betfair account details. If you are using a proxy for your connection, don’t forget to setup it at the same page. Click OK button and close the dialog.

3. Now you are ready to view markets. Select “Market…” item from the main menu. You will see Select Market dialog which is shown bellow. Navigate through the market tree to find an event. Select it and press OK.

In the next tutorial we will explain trading features of the software.

You can download all our software for free here: Download. Happy betting!