One massive positive about betting/trading using the Betfair Exchange, is the ability to bet in-play on a vast range of markets up until the final whistle. There are several other differences you can read about here. As it is with all in-play betting, it gives you chance to analyse how a match is playing out before you get yourself involved.
Especially when trading on the Betfair Exchange, you’ll be able to take advantage of market movements and see the effect of team news upon the match odds or other markets.
The market moves even more so on the Exchange with punters taking advantage of any movements in prices whether that be a rise or a decline. This gives them the opportunity to continuously improve their position on a trade.
One thing to consider with in-play betting on the Betfair Exchange is the ludicrous prices that selections trade at and either win/lose. Trades will be matched at odds of 1000.00 and go onto win and on the other side of the coin, a selection matched at odds of 1.01 going onto lose the match. These examples don’t happen every day, but in some cases, a team takes a hefty lead and all hope is lost on the other team.
One thing that also makes the Betfair Exchange appealing for in-play betting is the ability to get selections matched at higher prices than the starting price. This works predominantly for betting on favourites, after a slow start a favourite should be matched at bigger than their SP, this is gold to a lot of punters. Obviously not all favourites go onto win but getting that margin over the starting price is what the punters are hunting for.
I can’t stress the importance of being ready and prepared to trade in-play on the Betfair Exchange. You need to always be thinking what could happen next and plan accordingly. With so many fluctuations in the market over such a short period of time, an opportunity can come and go, if you’re not prepared to get involved.
If you are looking to bet in-play, it’s also important to get your bets confirmed in the queue sooner rather than later. With so many other people likely to be trading on a particular selection, your bet will be higher in the queue to get matched the earlier you do it.