Football, or Soccer, is the most popular sport on the planet and there are many people making money from it on Betfair every weekend.
Trading on this market is a lot different from what some might call traditional trading.
You can't just watch weight of money or trends to know when to get in and out of the market.
Odds on football matches react to events on the pitch and can react massively.
A goal or a red card will cause massive swings, so it's important to make sure you are on the right side of this.
One such strategy to ensure you are on the right side of such swings is to Lay the Draw result.
In a match between two even teams the draw odds will rise massively once a goal goes in.
For example, in a recent match between Arsenal and Manchester United, the lay odds for a draw were 3.
5.
Manchester United took the lead in the 30th minute and these odds were now available to be backed at 5.
1! A truly massive swing that would have made a lot of people a lot of money.
Of course, you need to make sure you do get a goal so only look to use this strategy on games where goals look likely.
A common strategy to use on games where goals aren't expected is to trade the under/over 2.
5 market.
If you back Under 2.
5 pre-match you can very often trade out after the first ten minutes of the game as the odds will drop extremely quick just in the first ten minutes.
For example, in the same match between Arsenal and Manchester United, the Under 2.
5 odds were at 2.
04 to be backed before kick off, by the 11th minute these odds were at 1.
85.
Some very quick and easy money to be made there! With all football trading strategies match selection is crucial and its important you do your own research before entering the market.
Also, like any true trader you must have an exit strategy or stop loss in mind!