It seems to come up a lot lately; Matched Betting v’s Betfair Trading.
But are the two even comparable?
There’s no denying, trading is the next step after matched betting for some. But I’ve noticed a trend over the last few months, here’s my take on things as somebody that’s spent the last few years living and breathing Betfair trading.
Matched Betting v’s Betfair Trading…
The first thing to say is; I’m not talking about what’s better. It depends purely on what you’re hoping to achieve.
I don’t dislike matched betting or those that do it, I think it’s a great idea. Obviously I’m a little bias towards trading, but it’s been a massive part of my life for some time now.
What I’m about to highlight here is something that’s important because, it’s not visual. There seems to be much confusion, and some are just looking at things totally wrong (in my humble opinion).
Based upon various comments, particularly on social media, and even more so on my YouTube channel there seems to be a lot of people looking at Betfair trading as though it is Matched Betting. Or that the same principles apply.
Simply, they don’t.
I can see where the confusion comes from in some ways, but it’s extremely foggy for those walking the path as betting, trading and matched betting are ‘non-visual’ activities. Plus many probably skew the truth.
It’s not like falling off a bike now is it? Everybody can clearly see where you went wrong, should it be the case.
Here’s my way of making it clear, via an analogy I created:
If Matched Betting were walking, trading would be driving a car.
Nope, I’ve not quite lost the plot. Let me explain:
Matched Betting, by nature is extremely simple. Sure, there are additional tools and methods that can help you on your way. Having some experience and knowledge is an asset, like anything in life. But the actual process itself is extremely simple.
Just like walking… it goes a little like this; left foot forward, right foot forward, repeat over.
I’m not knocking it at all. Those greedy bookies deserve to get skinned, and if people can make a better life for their loved ones through it, then great!
Trading on the other hand, is a bit different. It’s complex, with many variables. Sure there are those 1-2-3 situations that occur, but you need to be aware of much more. Sometimes, only one other variable has to influence the situation before it’s a no-go.
Just like driving a car, still possible for anyone to master (in my opinion). But on the first day, you sit down in the driving seat. Look at the gear stick, steering wheel, pedals and mirrors before feeling well out of your depth. Worse still, if you don’t – and proceed to drive blindly, it’s likely to end up in a hell of a smash-up.
Point being: you just can’t compare the two.
With the two styles of betting, this doesn’t seem to be so clear (if YouTube, Facebook etc are anything to go on anyway).
The reality is, and it’s the only negative I’ve noticed. There are many ‘pro walkers’ now telling others how to ‘drive a car’. Having never done it, and of course, leading others to get ‘run over’.
I’m sure many don’t even realise they’re doing it, but it’s kinda counter productive for others listening. Just about everyone’s familiar with Betfair’s ‘trade like a pro’ campaign where they offered all software vendors (22 on the apps directory) the chance to put forward a highly profitable user (verified by Betfair). Only 3 found a user to do it that met the criteria, found here.
That’s not to say there isn’t thousands of others in the know, I’m sure there is. But be careful, the amount of experts seems to be on the increase, particularly as matched bettors run out of bonuses to abuse. Honestly though, how the bookies get away with calling it abuse I don’t know. They offer them!
Pro’s and Con’s
It’s not all negative though, far from it.
Both disciplines have their own positives:
I think its fair to say. If you’ve stumbled on this post brand spanking new. Short-term; clean up some offers, before investing a bit more time in learning about the markets for a bigger payoff.
If that’s what you plan to do…
Matched Betting v Betfair Trading: Transitioning Across
Here are a 5 short tips on making the leap:
- Don’t expect it to happen over night, good things rarely do.
- Become an information hoover – the beginners school tab will really help.
- Plan meticulously. Monitoring as much as you can.
- Analyse and learn from every mistake possible.
- Realise a big part of successful betting is self-control and mental approach.
Whatever you do. Be clear in what you’re doing and commit, keep your betting as efficient as possible and play the long game. The biggest mistake is to repeatedly make the same ones.
Related Article: Beginners School