The Betfair Exchange betting platform stands out as the leading global betting exchange and is the only one available to betting enthusiasts in Brazil. As such, it is ideal for those interested in sports trading and generating income from their bets in a professional manner! In this article you’ll learn all about Betfair to minimize your mistakes and maximize your chances of winning!
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All about Betfair: how to register?
Registering for a Betfair account is quick! To make it easier for you to register, we’ve prepared a brief step-by-step guide:
- First, go to the Betfair Brazil website and find the “Open Account” option. On the desktop site, the button is located in the top right-hand corner. On mobile devices, click on “Login” and then select “Open Account”.
- Fill in the registration form with your personal details, such as name, surname and date of birth.
- Provide your full address, including zip code, cell phone number and e-mail address.
- Set a password and choose a security question along with your answer. Also, select the desired currency for your account, with the option of Brazilian Real (BRL) available.
- If you prefer, set deposit limits, both in terms of frequency and amount.
- If you have a promotional code for new customers, enter it in the corresponding field.
- Finish the process by clicking on “Open Account”.
Remember that you need to be at least 18 to open an account, and the company will ask for proof of identity and age before processing a withdrawal, among other transactions.
In addition, it is essential to carefully read Betfair’s Terms and Conditions (T&C), as well as the site’s other rules, before completing registration.
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All about Betfair: how does it work?
But come on, how exactly does a sports betting exchange work? To simplify things for those just starting out, a sports betting exchange is like a stock exchange, where the shares of various companies are traded.
However, while the stock exchange trades shares, the Exchange’s ‘product’ is the odds of sporting events, and not just sporting events, but also subjects such as entertainment and politics.
On a traditional betting site, you can only bet in favor of a certain result within a sporting event. At Exchange, however, you can also bet against a result.
Betting in favor is known as “back”. On the other hand, betting against an event is called a “lay”. This means that the punter can bet both for and against an event, considerably expanding the options available.
Sports trading consists of exploiting these odds trades on sporting events and taking advantage of odds fluctuations to make a financial profit. This provides a wide range of possibilities for the sports trader to exploit.
It is for these reasons that Betfair Exchange is widely regarded as one of the best betting sites available.
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All about Betfair: how to bet?
Let’s start betting! Check out the step-by-step below:
- Log in to your Betfair account and go to the “Exchange” section in the top menu of the page.
- Choose the event you want: the platform will highlight the featured events. You can select the sport you want from the side menu or use the search bar to find the specific team or event you want to bet on. Then click on the desired event.
- Select the market: when you select the match, Betfair will display the available markets, with the odds shown in blue for back bets and in pink for lay bets. The first market is usually 1×2, while the others are listed just below on the screen.
- Choose the type of bet: opt between betting for or against and select the desired market option. Then click on it to continue.
- Enter the details of your bet: enter the amount you want to bet or win, depending on the type of bet selected. Check your risk and potential profit and, when you’re ready, click on “place bet”.
- Track your bets: to monitor your positions, click on “open bets”. If you want to close any positions before the event ends, you can use the “cash out” option and start your trading activities on Betfair Exchange.
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All about Betfair: types of bets
Back bets are those in which you bet in favor of a certain outcome, and are similar to the single bets we are used to making in conventional bookmakers.
When you place a back bet on Betfair Exchange, you are essentially betting in favor of a specific outcome. This is indicated by the blue button and follows a similar dynamic to traditional sports betting.
Cash Out in Sports Trading
Cash out is a tool that allows you to close a bet before the end of the event. Although it is available on Betfair Sportsbook, on the Exchange it is part of all bets.
In addition, Betfair Exchange offers a variety of cash out options that can enhance your betting strategies.
To use cash out, simply click on the yellow button and set the amount you want to withdraw.
Different types of Cash Out:
- Total Cash Out: completely closes the bet, with the amount calculated based on real-time odds. You can cash out all the bets placed on a single market with just one click.
- Partial Cash Out: allows you to withdraw part of the bet amount, leaving the rest in play. This gives you the opportunity to guarantee a profit even if your guess doesn’t come true completely.
- Betfair Automatic Cash Out: an exclusive Betfair Exchange feature that allows you to set a desired profit level. The house will automatically cash out when that profit is reached.
To use automatic cash out, follow these steps:
- Select the event you want;
- Place the bet on a market with a cash out option available;
- Click on the gray box next to cash out;
- In the “automatic cash out” section, set the desired profit amount and click on “save automatic cash out”;
- If the bet reaches the configured profit, the automatic cash out will be executed automatically by Betfair.
- It’s important to remember that automatic cash out automatically closes profitable bets, not those that would result in a loss. It is therefore no substitute for a stop loss strategy.
By betting in favor of an event on Betfair Exchange, you are confident that the outcome will occur;
The process is simple: select the event, choose the market, click on the blue button and enter the bet amount. Check the details, the risk and then click “bet”.
Bet in Favor at Betfair Exchange
To place a back bet in sports trading, the process is quite simple;
First, select the event you want and choose the market you want to bet on;
Then click on the blue square representing the option to bet in favor. Enter the amount you want to bet, check the associated risk and click “bet”.
Here is a detailed explanation of the parties involved in a back bet on Betfair Exchange:
- Market: As with lay betting, Betfair Exchange offers a variety of markets in addition to the traditional 1×2.
- Matched amount: this is the amount needed for your bet to be matched instantly.
- Quotes to be filled: you have the option of choosing the odds you want. If the match reaches these odds, your bet will be automatically accepted; otherwise, your money will be refunded.
- Odds in blue: indicate the potential return if your bet wins. The amount wagered will be lost in the event of a loss.
- Bet amount: refers to the amount you are actually betting on the selected guess.
- Profit: shows the potential profit if your guess is successful.
Understanding these aspects is key to making informed decisions when betting forwards on Betfair Exchange, allowing you to maximize your chances of success in sports trading.
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Betting Against the Draw at Betfair Exchange
An alternative way to place your bets on Betfair Exchange is to bet against a draw. This strategy is particularly useful in evenly matched games, in which it is difficult to pinpoint a clear favorite.
By betting against a draw, you’ll win if either team comes out on top. So if a goal is scored by either side, your position will become profitable.
This approach is also known as “lay the draw” and has already been recognized as one of the most effective strategies on Betfair Exchange.
However, it’s important to be aware of a few crucial points if you want to make a profit from this strategy. Firstly, the odds will not always increase as much as expected after a goal has been scored.
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In addition, there is always the risk that the game will end in a goalless draw, resulting in a loss for you.
Therefore, it is essential to carefully analyze the teams involved and understand the odds fluctuations throughout the match.
The ideal time to close your position is as soon as one of the teams scores the first goal. If the match ends goalless, your position will progressively lose value until the end of the game.
It is essential to set an acceptable loss limit and close the position before this limit is exceeded.
Over/Under Market or More and Less
The Over/Under market, also known as the goals market, is widely used on Betfair Exchange.
In this market, you can bet on different goal ranges, from 0.5 goals to 8.5 goals. To interpret these numbers, just add “1” to the first number.
For example, the 0.5 goals market means that there will be at least 1 goal in the match. The 3.5-goal market means that there will be at least 4 goals in the match.
A popular strategy is to bet on the over 0.5 goals, especially when one of the teams has a history of scoring a lot of goals and the other has a history of conceding a lot.
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If both teams have this profile, the probability of at least 1 goal being scored is high, which will result in a winning bet for you.
However, there is always the risk of the match ending goalless, so it is important to close your position if this happens and the loss reaches its tolerable limit.
Another common strategy is to bet on plus/minus 2.5 goals. Many traders place their positions before the start of the match, betting in favor of the minus 2.5 goals and hoping that no goals are scored in the first few minutes.
If your position starts to appreciate in value within a certain period of time, you can sell it and secure your profits. However, there is a risk that goals will be scored quickly, damaging your position.
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Determined Profit with Automatic Cash Out
Automatic cash out is a valuable tool when trading on Betfair Exchange. It allows you to set a desired profit and, as soon as this value is reached, your position will be automatically closed by the platform, without the need to constantly monitor the match.
For example, if you’re betting on the goals market and want to make a profit of just $1.50 in the first few minutes of the game, you can program this amount into the automatic cash out tool.
That way, as soon as the match starts and the odds move in your favor, the cash out will be made automatically, guaranteeing your profits.
This tool is also useful for traders who use scalping techniques, where small variations in the odds are exploited to make a profit;
By programming automatic cash out, you can concentrate on analyzing the ideal time to enter and exit the market, without worrying about constantly monitoring the match.
All about Betfair: deposits and withdrawals
After completing the process of registering and opening an account with Betfair Exchange, the next step is to add funds to finance your bets. This can be done through a variety of secure and convenient payment methods offered by the platform.
Here are some of the options available:
- Bank transfer, including the PIX option;
- Bank slip;
- Credit card;
- E-wallets such as Pay4Fun, Neteller, Skrill, ecoPayz and MuchBetter;
- Prepaid card, such as the AstroPay Card.
Most of these methods are also available for withdrawal, except for those that are one-way, such as boleto bancário, which is exclusively for deposits. In such cases, the withdrawal is usually made via bank transfer.
For detailed information on all the payment methods available, their processing times and the minimum and maximum limits per transaction, we recommend consulting the official Betfair website;
There you will find all the information you need to manage your deposits and withdrawals efficiently and conveniently.
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All about Betfair: can Betfair be trusted?
Without a doubt, Betfair is a reliable choice. That’s clear from the start. After all, we’re dealing with a company that has more than two decades of experience in the online betting and casino games sector.
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