BetTrader Features
Grid Ladder
Free Download!
BetTrader 4.0 is free to download and it's Grid Interface is free to use. All you need is a Betfair account.
- No set up costs
- No registration required
- Instant activation
One Click Bet Submission
Submit your bets quickly and accurately with only one click of the mouse on BetTrader's Ladder Interface.
To Lay: Click on the left side of your desired price
To Back: Click on the right side of your desired price
The central price column remains static and the best available to Lay and Back amounts climb up and down the ladder. You can take offered prices for an immediate match or you can join the queue at a price that isn't currently trading, all with one click.
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Live Updating Betfair Prices
BetTrader displays all Betfair markets in live time. Trading on Betfair profitably is dependent upon fast, reliable trading software giving you up to the second price information.
With BetTrader's Grid Interface now completely free for anyone to use there is no reason not to have live streaming prices straight to your pc.
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Ladder Price Display
Prices are displayed in a rigid vertical ladder with the bids and offers moving up and down the ladder.
This is a very popular trading interface on the world's financial markets, and BetTrader was the first Betfair trading software to offer this interface to Betfair traders.
- Price literally moves up and down
- Visualise up and down price movements much easier
- Submit bets instantly at any price
- See gaps in the price instantly
- Click and drag unmatched bets up and down
- Most popular and user friendly Ladder Interface of any Betfair trading software
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Live Last Traded Prices and Volumes
BetTrader gives you live updating Last Traded Prices, live Last Traded Volumes for each individual horse and for the whole market and live Total Matched Volume information for each horse and for the whole market.
More price information, delivered in live time, and the ability to act on it faster with a more efficient bet submission process is the essence of profitable Betfair trading through advanced Betfair trading software.
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Live Hedged Profit/Loss Position
This displays your current profit or loss as it stands if you were to liquidate at the current market price and then Hedge your position to ensure an even result.
To realise this figure, simply click on the Hedged Profit/Loss figure and BetTrader will submit the exact amount to liquidate your position and give you an even result regardless of which horse/team wins.
In the above example I have Backed £280.80 on Magic Echo and the Hedge P/L Figure is showing that I will have a £8.68 guaranteed profit whichever horse wins if I click on it to liquidate at the current market price, which will be acheived by BetTrader Laying £289.50 as shown beneath the H button.
Whatever your position is, you can now get out safely with a single click of the mouse.
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Live Price over Volume Graphs
Graphs give you an instant visualisation of how the price is moving, helping you to read the market better.
Every ladder on the the Ladder Interface has a graph below it, and you can also view each selection's graph in it's Bet Pop Up Box.
The green line displays the selections Price, the red bars along the bottom display the Volume matched at that price and the purple line displays the Weight Of Money Indicator value.
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Weight of Money Indicator
This indicator shows the weight of money that is wanting to Lay and Back a certain horse and displays the difference between them as a percentage figure.
For instance, if there is exactly the same amount of money on the Lay side as there is on the Back side then the Weight of Money indicator will be 0%.
If there is 50% more money wanting to Lay than wants to Back then the figure will display as +50% because this indicates upward pressure on the price from there being more Layers.
If there is 50% more money wanting to Back than Lay then it will display as -50% because more Backers than Layers indicates downward pressure on the price.
This WoM figure is constantly updating from the current live prices being offered. The WoM figure is also displayed as a line graph beneath the ladder and in the bet pop up box.
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Pay As You Go Payment System
BetTrader's unique pay by the minute payment system gives you complete control over how much you want to spend. The minutes that you buy are credited to your Betfair username and are displayed when you are logged in to BetTrader.
Your minutes count down one by one as you view and bet on Betfair markets through BetTrader's Ladder Interface.
Your minutes do NOT count down when you view and bet on Betfair markets through BetTrader's Grid Interface.
Switch Between Ladder and Grid To Save Your Minutes
Because the Grid Interface is free to use, this means that you can switch between the Ladder and the Grid to conserve your minutes, giving you total control over how many you use and when.
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Hedge Button
This is for the traders who like to make the same amount whether the horse or team they were trading on wins or loses.
Simply press the Hedge button whenever you have a profit or loss on one horse and zero on the others and it will calculate and submit the correct amount to make sure you make the same profit whether your horse wins or not.
The Ladder Interface has a more advanced Hedge button which displays your profit or loss if you get out of your current open Lay or Back bet at the current Last Traded Price, aswell as behaving like the normal Hedge button when you have no open position.
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NET Position Stake Button
The NET button allows you to select your net position as a stake amount so that you can submit your exact position as a Lay or Back bet with a single click.
In this example I got partially matched and Layed £54.45, so the NET Stake Button displays 54.45.
Selecting the Net Stake button highlights it yellow and means that the next bet I submit will be £54.45.
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Customisable Stake Buttons
The stake button that you have selected determines the size of your stake that is submitted when you click next to a price on the ladder. You can also use them on the Grid Interface in the bet pop up box.
Notice how the NET Stake button is zero, meaning that I have no open position on this horse.
The Stake button you have selected is highlighted yellow.
You can change the values of all the Stake buttons to any amounts you want.
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Stake Button Hotkeys
Stake button hotkeys allow you to change your stake in the bet pop up box on the Grid Interface quickly and accurately without needing to move the mouse.
When you click on a Price box on the Grid Interface and the Bet Pop Up Box appears, you can select a different stake amount for your bet by using the number keys 0 to 6 on your keyboard:
0 selects 0 (NET Stake Button)
1 selects 0.5 Stake button
2 selects 50 Stake button (Highlighted yellow)
3 selects 100 Stake button
4 selects 200 Stake button
5 selects 300 Stake button
6 selects 500 Stake button
The above Stake amounts refer to the amounts shown in this picture, you can customise these Stake buttons to any amounts you want.
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Submit Bets Below £2
BetTrader 4.0 allows you to get around the minimum £2 bet size imposed by Betfair, letting you place any size bet you want, no matter how small.
This is especially useful for testing out new systems or for beginners who want to build their confidence up before using larger amounts.
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Hedge Bets Below £2
You can also Hedge any amount, even if it's below the minimum £2 bet size imposed by Betfair.
When you have a profit or loss to Hedge, no matter how small, simply click on the Hedge button and BetTrader will Lay or Back the correct amount to give you an even profit or loss on every horse/player/team.
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View Multiple Tabbed Betfair Markets
On BetTrader you can have up to 9 Betfair markets open at the same time which are then tabbed at the top of the page for ease of navigation.
Jump from one Betfair market to another with a single click, ideal for traders who want to keep an eye on several different Betfair markets.
Right click on the tab to rename or close that Betfair market.
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Transportable Bet Pop Up Box
The Bet Pop Up Box is part of our unique bet submission process on the Grid Interface.
After clicking on a Back or Lay box on the Grid Interface the Bet Pop Up Box appears with your stake and price autofilled.
The Up/Down arrows for the price appear directly beneath your mousehand.
You can then submit your bet by clicking the Submit button which is less than 1 cm away, or by pressing the Enter button on the keyboard.
Fast, accurate and needing minimal mouse movement.
You can use the Bet Pop Up Box to view a horse's Price, Last Traded Price, Last Traded Volume, Total Matched Volume and Weight of Money Indicator.
Clicking on the word Back will change the pending bet to Lay. You can also click in the Price boxes within this Bet Pop Up which will change the bet to a Back or Lay depending on whether you click in the Back or Lay Price boxes. This also changes the Price in the pending bet to the price in the box that you click in.
The Countdown Clock/Stopwatch works the same as normal within this box.
You can display this Bet Pop Up Box on, and Submit bets from, any other website page. When you go to another website this box will be available in the buttons along the bottom of your screen where other browser windows are minimised. Position it in the corner of your screen and watch live Betfair prices.
You can view all the horses from this race within this Bet Pop Up Box
by using the Up/Down arrow keys in the top right. This will scroll through all the horses in this race and display their Price data.
Price over Volume Graphs for all the horses in this race can be viewed within this box by clicking on the G button.
All BetTrader Tools can be used from within this box by clicking on the T button as normal.
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Price Direction Colour Flashes
Flashing colours indicate the immediate direction of the Last Traded Price (LTP).
Red: Indicates that the LTP has gone down compared to it's previous value.
Green: Indicates the the LTP has gone up compared to it's previous value.
Yellow: Indicates that the LTP is the same as it's previous value.
You can switch off the LTP flash easily by clicking on the lightbulb icon on the Grid Interface
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Countdown Clock / Stopwatch
The Countdown Clock counts down to the scheduled start of the race or match so that you know exactly how much time you have left before the market is due to go In Play.
With 20 seconds to go the numbers turn red to catch your eye and warn you that the race or match is about to start. You can also set the Countdown Clock to beep when it reaches 20 seconds to go and again when it reaches zero.
When the clock reaches zero the zeroes begin to flash to give you another visual warning that the race is now about to start. It keeps flashing at zero until the race actually starts.
As soon as the race starts the clock stops flashing and turns into a Stopwatch, counting upwards to time the race, so you can see exactly how long the race has been In Play and how much longer it will be before they reach the finish.
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Ladder Autocentre
When Autocentre is checked the ladder automatically repositions itself all the time to keep the Last Traded Price in the middle of the ladder display. If unchecked then the ladder will not move unless moved manually by the user by clicking anywhere in the grey central price column.
Clicking in the central price column will bring the best offer in the left hand pink column into the centre of the ladder display. You can also right click anywhere in the ladder to select any range or use the scrollbar on the right of the ladder.
Autocentre is automatically disabled whenever your mouse hand is over any part of the ladder display. While the mouse hand is over the ladder display the user must manually click in the grey central price column to centre the price. This is to ensure that the ladder cannot suddenly move at the exact time that the user goes to click on a specific price in the ladder.
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Ladder Tab
The Ladder tab displays all the horses/players in a race when you are using the Ladder Interface so that you can see what is happenning on the other horses and not just the 3 horses that are displayed in the 3 ladders.
Above the price boxes which display the best available to Back and Lay amounts are the horse's name, Last Traded Price, Last Traded Volume and Total Matched Volume.
The 3 horses which are displayed in the 3 ladders appear as the top 3 horses in the Ladder tab also.
Beneath the top 3 horses in the Ladder tab there is a black line and every other horse in the race is displayed below this black line in ascending order of price; the horse with the lowest price appearing at the top of the list beneath the black line.
You can move any horse from the Ladder tab into any of the 3 ladders with only one click of the mouse. To move a horse to:
Left ladder: Click in either of the 2 LEFT price boxes of the horse in the Ladder tab.
Middle ladder: Click in either of the MIDDLE price boxes of the horse in the Ladder tab.
Right ladder: Click in either of the 2 RIGHT price boxes of the horse in the Ladder tab.
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Right Click Stop Loss
Many people want to be able to set the stop Loss tool quickly without having to select it from the Tools menu first.
So we made it so you can activate the Stop Loss tool on the ladder by simply right clicking at the price you want to set the stop loss at.
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Stop Loss Tool
Set the Stop loss tool to liquidate your position if the market price goes against you.
In the above example the Stop Loss is set to Lay £50 @ Last Traded Price plus 1 if the price goes above 3.3.
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Trailing Stop Tool
The Trailing Stop tool allows you to follow a price up or down and enter or leave the market only when the price is going in a certain direction.
In the above example, the Trailing Stop is set to Lay £200 only if the price goes below 1.40 and then starts to go up again. The £200 Lay bet will only be submitted if the price goes 30 ticks above the lowest price it goes to after going below 1.40.
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Tick Offset Tool
This tool allows you to enter the number of ticks profit you would like from your trades and then have the tool automatically submit your countertrades for you as soon as you are matched.
For instance, if you set the tool to Back 1 tick Higher/Lay 1 tick Lower and you submit Lay 100 @ 3.45 then as soon as you are matched the tool will instantly submit Back 100 @ 3.50, which is 1 tick higher.
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Fill Or Kill Tool
This tool allows the user to set the amount of time that an unmatched bet remains as an unmatched bet before it is cancelled.
For instance, if you set the Fill or Kill tool to 1 second then you can fire orders into the market that will be cancelled unless they are matched within 1 second of being submitted.
If you set the tool to 10 seconds, then an unmatched bet will stay for 10 seconds before being automatically cancelled.
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Price Chaser Tool
This is an add on tool to other tools and unmatched bets to make sure they get matched.
In the above example the Price Chaser has been added on to a Stop Loss tool, by pressing the More button, to make sure that the Stop Loss gets matched.
The Stop Loss tool will Back £100 @ 4.3 if the price goes below 4.3, but there is a risk that this bet won't get matched. So the Price Chaser is added on to this tool to make sure that the Back bet gets matched.
After 2 minutes, if the Back 100 @ 4.3 is still unmatched, the Price chaser will drop the price of this Back bet by 2 ticks, to 4.1, and then will continue to drop the price by 2 ticks every 30 seconds until the Back bet is matched.
This is an especially useful tool for making sure that you get matched before the race starts, but while also trying for the best price.
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Order Cancels Order Tool
This is used to connect 2 or more tool orders or unmatched bets so that when one of the unmatched bets/tool orders is matched then the other unmatched bet/tool order is cancelled.
This can be used in a variety of circumstances, for instance, if you have Layed 100 @ 4.3 and you want to either Back 100 @ 5.0 to take your profit or Back 100 @ 4.0 On Stop to take a loss.
By connecting the 2 Back orders with the OCO tool then when either one of these Back orders is matched it will automatically cancel the other Back order.
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If Matched Tool
This is another tool which connects 2 or more Tool orders or Unmatched Bet.
With this tool you can add a bet or tool order onto an existing unmatched bet or tool order with the condition that the second order will only be activated if the first one is Matched.
For instance, you might want to set a Stop Loss tool but only if your current unmatched bet is matched.
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Timer Bet Tool
The Timer Bet Tool allows you to submit a Lay or Back bet at a certain time.
In the above example, the Timer Bet Tool will Lay £100 @ Last Traded Price @ 7:20 pm.
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Bookmaker Tool
The Bookmaker Tool allows you to Lay or Back every runner in the race according to your desired maximum Liability or Payout and the runners' current Last Traded Prices or Reduction Factors.
First select whether you want to Lay or Back the field, the default setting is Lay, click in the Lay box to change it to Back.
Then enter your maximum desired liability or payout on this race at the top of the tab.
The Book tab then autofills the exact amount to Lay or Back into the amount boxes for all the horses in the race based on their Reduction Factor, RF%, to meet your exact liability or payout that you entered at the top.
If you prefer to calculate your Book according to the current Last Traded Prices instead of the RF% figures, simply click on the LTP button and the RF% figures will be replaced by percentage figures derived from the LTP of each horse.
You can then adjust these amounts by changing each horse's percentage chance or price up or down, which will cause your bet stake amounts in the pending bet order to change accordingly.
When you have finished adjusting your bets you can submit each one individually or you can submit them all at the same time by pressing Submit at the top of the tab.
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Drip Feeder Tool
The Drip Feed Tool allows you to break up a bet into smaller chunks and submit them individually until your full amount is matched.
In the above example, the tool is set to Lay £10 @ Last Traded Price every 20 seconds until a total of £200 has been matched.
This is a useful tool for making sure that you get an average price for your entire bet, or for hiding large bets from the market by breaking them up into lots of smaller bets.
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If Balance Tool
