what happens after a goal is scored on betfair, the market re opens, then MARKET PANIC!!
Traders who have open positions Green up, Red Up etc... this is where you can make some easy cash...
when a goal is scored... lets say under 2.5 goals is @ approx 1.25 for example, a goal goes in with 20 mins to go, the market re open's but is trying to find a new settled price, if you look at the under 1.5 goal market during the suspend we can see what the guide is.. lets say under 1.5 was 2.0.. the under 2.5 market will flirt around 2.0 for anbout 2 mins until it settles at its new position, in effect becoming the old 1.5 market, so, we place an order a few ticks above the old 1.5 market price, with a tick offset of your choice, remember tho we are looking to get in and out as quickly as we can, we put in an order for £100 @ 2.06... it gets matched then a few seconds later our tick offset layes it off @ 2.02.... we now have a free bet on under 2.5 goals for £4 or we can green up for £2, all in a few seconds work...
here is a quick video, take a look..
- Have a back up exchange in case betfair goes down, join Betdaq Here.
- Have a back up device, ipod, ipad, laptop etc incase your computer crashes.
- Have a 2nd internet connection (i use my iphone) incase toy lose connection.
- Use a Staking plan (ie a % of your bank, no more than 10% i use 2%)