Heard of Bet Trader? You should have! they were one of the first ever trading applications for Betfair (created by Racing Traders).
But what do they offer and how good is their software product?
In this short but specific review we’re going to take a look at one of the most original apps out there. Be sure to read it thoroughly!
What is Bet Trader Software?
Bet Trader is one of the longest serving API products, sometimes known as Bet Trader Evolution. Starting over 15 years ago, Bet Trader allows exchange users to connect to the betting exchanges via their platform. If you’re looking to trade, place bets fast or just hedge up (also known as cashing-out) the application will allow you to do this.
As the very first trading application to introduce the ladder interface, Bet Trader is a pioneer in the betting world. Since then, many other apps have copied their lead.
Throughout this Bet Trader review we’ll cover the following:
- Software features available
- Cost and subscription options
- Who uses Bet Trader
- Tech specs and requirements
- Where to download Bet Trader
- Value for money
Starting from the top…
Bet Trader Features:
For the manual trader, this software application has just about everything you need. From one-click betting, instant refresh, graphs and training mode up to grid interface (shown below).
As you may expect, being one of the very first – it looks remarkably like the Betfair website. Just faster, and with more features!
The main features Bet Trader includes are:
Live Video Streaming
Full Market Depth
Fill or Kill
All of these features will assist you when it comes to making reactive decisions in the betting markets as a manual trader.
Whilst most of the features listed above have become the norm in trader-world it’s good to see they have got the main features right, rather than adding bolt-on after bolt-on just to extract more money from the customer.
Bet Trader User Manual:
The software does have a very thorough user manual as standard. In this respect they’ve done a great job, the Bet Trader user manual is extremely well laid out, clear and easy to understand.
You’ll find text and image based explanations for every feature and, in some cases a videos too!
One of the nice touches about Bet Traders manual is the extra work they have put in for Mac users. Having looked around, this is something you won’d find so easy with competing products.
Does Bet Trader Have Automation?
At this point in time Bet Trader doesn’t have an automation option. However some very basic automation style rules are included, such as tick offset. This shouldn’t be too much of a problem for most users though, automated trading is a very niche topic.
Typically, successful automated trading comes from users who create their own products – getting a speed edge over everyone else.
Bet Trader Offer (Cost):
To start, you don’t even have to pay! Bet Trader offers a full trial for 14 days.
They don’t offer a money-back guarantee after this period, but who’d blame them? You have 14 days to work out if it’s for you.
Beyond the 14 days after download/installation the subscription options are as follows:
- Basic – £0 per month (doesn’t include all features).
- Monthly – £9.99 per month (all features).
- Annually – £99 per year (equates to £8.25).
Just about every payment option is offered.
Racing Traders support is quite unique in the sense that, there isn’t a support forum but email responses are typically within 24 hours.
Value for Money?
It depends entirely on what you’re after, ten quid a month isn’t exactly expensive. However, if you’re to compare this to alternatives – some offer more features at a reduced price.
But we hasten to add – it’s certainly not the worst value of money option as; some cost three times the amount per subscription.
Racing Traders seem to have found their foothold in the marketplace and at a fair price. In the future it would be great to see them introduce a support community and extra customisation options. If that happens, only time will tell.
Tech Specs & Requirements…
The one pre-requisite you must complete before trying racing traders is to have a Betfair exchange account. Many will already be aware of this but we thought it’d be best to mention. No matter which software product you use, you’ll need one.
Bet Trader is a relatively lightweight application to download. In the modern world it’s unlikely anyone is going to have problems with meeting they system requirements, so long as your computer is not more than 10 years old.
If you’re still concerned, the following specification should do it – single core processor (1.6ghz), 20 MB spare memory and 1GB of RAM.
As one of the most compatible trading software’s on the market Bet Trader will work on both Windows and iMac operating systems. You can also access the application through viewer software on iPad or other devices but we wouldn’t advise this. Trading is a complex task and that is likely to be easy with such devices.
With regards to betting markets, Bet Trader is useful for horse racing, football, tennis and just about any other sport you can imagine on Betfair. A minor negative would be there isn’t a Betdaq or Matchbook version available for users at the moment.
Racing Traders Videos:
There’s a selection of software introduction videos on the Racing Traders site, found via the main header bar. Perfect if you want to get a feel for the software!
It’s been several years since they were created, although the ladder and grid interfaces haven’t really changed in that time…
As you can see, the ladder layout paved the way for all of those who followed. From an end user perspective this is great, getting to grips with the various functions and features is easy.
So; with the videos, user features, cost and manuals explored – it’s time to wrap things up with our overall view…
Bet Trader Conclusion:
There’s no reason to doubt that Bet trader (previously evolution) is a true original. Racing Traders founder, Adam Todd has since moved on to new ventures with a new owner John running their app well. He can sometimes be found on twitter tending to support queries personally.
Admittedly they could add additional features, different exchange versions or compete on price – but it seem’s they’re happy with what they offer. We can’t fault them for that!
The software app does everything you need to feel your way around the exchange markets (with increased responsiveness). For a new trader that hasn’t yet decided which software they prefer it’s a definite download worth the trial.
Have YOU used Bet Trader?
Let us know what you thought of our Bet trader software review in the discussion section below!
Helpful Link: Betfair Trading | The Ultimate Starters Article