Ever wondered why betting exchanges allow winning customers but don’t really like them? In this video, Caan explains why betting exchanges like Betfair, Smarkets, Matchbook and Betdaq don’t like betting professionals.
You may also be interested in:
Betting strategy explained – https://youtu.be/iL4rmbwFwEY
How betting odds work – https://youtu.be/mm83wwAoEdY
If you have a question that you would like answering, don’t forget to post it to the comments below.
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This video explains why betting exchanges don’t like winners but does allow them.
Video Rating: / 5
This video teaches you how to use a betting exchange as a complete beginner. It covers basic concepts such as lay betting, how betting exchange odds work and what the different ‘what if’ values mean. It’s the perfect starting block for a complete novice that wants to start trading Betfair.
For more advanced tutorials and information see the video course here: https://caanberry.com/trading-courses
Also, you may like the scalping tutorial on YouTube here: https://youtu.be/aGpc5KSTHu4
For more sports betting tips, subscribe to Caan Berry Pro Trader: https://www.youtube.com/user/caanberry
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#BetfairTrading #Exchanges
This video explains how to use a betting exchange interface and how exchange odds work.
Video Rating: / 5
What's a good betting exchange site in Canada?
You'll never find the best strategies in videos or comment sections. If you have a method for nailing 20% returns on arbs daily, and have kept the relevant bookmaker and exchange accounts open for years, then you are hardly going to give details 😉
They will tolerate because they get their cut.
A betting exchange is only suppose to make juice off a bet so they shouldn't care which party wins. Man the greed is real.
In conclusion,if you are a successful winner are they gonna close your account or they just add extra charges?
Amazing video,Can i start betting with MATCHBOOK are they reliable??
Their reasoning makes no sense. You generate volume by offering great prices. Winners have incentive to increase their trading volume by offering competitive prices with low bid-ask spreads. Exchanges make money from greater volume.
Unless, that's not how things really work and the books are "shadow" customers of the exchanges and losing money to the winners.
Hmm…
This morning I told Paddy Power that I wanted to close my account permanently. Unfortunately, they tricked me into agreeing a self exclusion, which I had no idea what that meant at the time. Subsequently, I realised my Betfair and Sky bet was automatically closed as well, which I did not want. I’ve explained that I only wanted to close my Power account and that I’ve NEVER EVER had a gambling problem in my life.They have told me because I have agreed there is nothing else they can do. Please can you help. Dave
Will they tax you if you win a lot but do not take your money out and just recycle it.
What if someone is betting a lot (and winning a lot) but not pulling money out?
Would you get banned from bookies for placing bets just using fundamental analysis of sport your betting on and making good wins long term rather than using a mathematical strategy?
Had an account with never more than $400 USD in it at Matchbook. Send in all the info asked for and got approved. Was enjoying it for over a month. Then things got super strange. Im not even ahead on the account, and all of sudden I get an email requesting more identification and a significant amount of tax return documents and if I didnt comply my account would be closed.
I sent the passport copy asked for but said I draw the lines at the tax returns and this has become more laborious than enjoyable.
I said I could see the request had my account approached 5 figures but to instead close my account and transfer my remaining balance to my Skrill.
What I did not expect is a lengthy ghosting of my request to close the account, after being locked out. Not a good look so far gents. I hope to hear from you soon.
This problem is solved with Blockchain, liquity is no longer a problem and with the various organization possible the players basically govern the site/app.
All but the most gross moves a bookie company can throw at you is stopped cold with defi Blockchain, also the currency is truer actually holding value if not gaining.
I think it’s not really liquidity as long as people are betting they don’t care they add the premium fees because they can. Does not matter how much liquidity is there they still get there percentage win or lose. I don’t get what you are saying exactly. They only get paid if bets are made ( besides certain fees which I believe they levy because they can- hey our platform is making you a constant income give me a little extra and they do) . I really don’t get it give me an exact example .
Hi Can .is it just me has Betfair exchange slowed down since it's crash last week .
Ideally the exchange want everyone to break even. Money keeps going round and they earn on it. Successful traders/ punters take a profit and remove money from the pool and continual losers will eventually stop. When you talked about FI you said there was no tangible asset involved, the same is true of these platforms, so for every winning bet there has to be a loser. Eventually those losers will pack it in and then no one can win.
Someone once said "Don't understimate the mugs" and I didn't get it at first…. But we need the mugs… otherwise who can we take for a mug if there aren't any….
If this is a problem with exchanges, then who is the best out of the options? Is it possible to be profitable in the long-term or is the deck stacked against you?
I love using smarkets as I am on 0% commission🙂
What a difference a few months make , having read your recent twitter tweet
Part 2 of this clip is here: https://youtu.be/bADqpTtd05Q
what are the pound figures under the odds
about as clear as mud
👎👎👎👎👎👎👎bad bad bad , warning👎👎👎
Could you provide me the account? To bet
gledao
Ive just turned 18 man where do I even start with all this its like a different language
I need betfair verified account
What is a betting exchangs do u get restricted for winning withdrawal check accounts blocked and all that other nonsense that comes with online betting
Hello Caan
Sometimes one bookmaker i use has boosted odds that can beat the international markets , however sometimes the odds are equal to odds for "lay all" of Betfair.
My question is:When you go into an event, who set the "lay all" odds you see at first glance?(for example the 11.5 for Bodell Risk)
The value bettors , so i should go into my boosted odds , or layers so a non value bet for the bettor?
My country is restricted to use Betfair as you can guess it .
Thank you!
Can you not choose 1000 for someone to win, and if they do get your money?
Where is the video that comes before this one? Thanks.
Thanks for explaining. I now understand what is liability when placing a lay bet. English as a second language for me took a bit of time to digest it lol.
Always good news from your report
Hi
Hi
I am new here ,thankss
I used to think I was fairly intelligent but I can't get my head around lay betting maths. If you win your lay bet, you get back your lay stake minus commission. It's a guaranteed small loss every time. I can't see where any profit is coming from. Or am I missing something? I can understand you'll make money if your bookie (back) bet wins (bookie winnings minus your lay stake, liability and commission = profit). I've been reading and watching videos for a week and I just can't get this lay bet maths. Help!
How to do arbitrage in betting exchange
Hi
If i place a lay bet on a dog at odds of 7.2 and layed it for 10 pounds,,somtimes it says bet partly matched then if the dog looses which means i have won as its a lay bet they have taken my full stake and most of my profit..Why do they doo that?Im then out of poket!!!