The Need For BetTrader
BetTrader was the first Betfair trading application to have a ladder interface
BetTrader was designed and developed by Adam Todd, one of Betfair’s most consistently profitable traders. Adam turned a starting bank of £200 into over £100,000 by trading on the short term price fluctuations of the favourite horse on UK horse races before the race started.
Without ever watching a race or picking up a formbook he won 9 out of 10 races before the runners had even left the stalls and at one point went 8 months of full time trading without having a losing day.
In 2004, after getting tendonitis in his right arm from the millions of mouse clicks needed to refresh and submit bets to Betfair's website, Adam developed the first Betfair trading software application, called BetTrader.
It's purpose was to give him live price refreshes and to allow him to submit bets at any price with only one click of the mouse, and Betfair's first ladder interface was born. BetTrader was the only Betfair trading application to have a ladder price display which displayed prices vertically and it became an immediate success. BetTrader completely revolutionized how thousands of people used Betfair, and it is still the most popular Betfair trading application on the market today.
What is Trading?
Trading is backing and laying the same horse or team with the idea of securing a risk free profit regardless of whether that horse or team goes on to win or not. By backing and laying at different prices the trader can lock in a profit which can be realized before the race or game has even started or no matter who goes on to win.
This means that you are no longer limited to picking the winner like you were in the dark old days of gambling at the bookies. Betting exchange trading has completely changed how people bet and more and more people are realizing that it is now possible to make consistent profits from trading the numbers, even if you don’t know anything about the underlying instrument on which you are trading.
Ofcourse, trading on Betfair is not only limited to horse racing or trading before the event starts. Skillful race readers and sports fans can make good profits from trading on the race or game while it is In Play as Betfair markets stay open until the first horse crosses the line or the final whistle is blown.
For instance, a trader might Back a soccer team that is playing well and then Lay the same team just after they score a goal at a much lower price to guarantee a profit on the game regardless of whether that team goes on to win the game or not. Or you might Lay a tennis player that looks weak and then Back him after his serve is broken at a much higher price to guarantee a profit on the game no matter which player ends up winning.
Learning To Trade With BetTrader
BetTrader is a professional trading application that was built by a full time trader to fill a real need. If you want to become a successful trader on these exciting markets it will certainly help you to achieve that goal.
BetTrader is free to download and you can use our Grid interface for free for as long as you want. There are over 40 free trading video tutorials to help you, as well as our free webinars and various articles in our article directory to help you. We also have a chat forum to help you and you can contact us anytime with any questions you have about the software or trading.
If you are new to trading the best advice is to start with very small stakes so that your mistakes don't cost you anything. The best way to learn anything is to make all the mistakes as fast as you can so starting with small stakes will help you to do that without fear of messing up. When you notice that your trading results are starting to become more consistent then you can up the stakes.