You’re tired of chasing commodities and finding Forex deals to plough your money into but you don’t want to stop trading; well, fortunately for you, Betfair trading apps might just have the answer. Although the world of sports betting doesn’t match up exactly to the stock market, there is a distinct crossover between the two pursuits. In fact, the skills needed to execute trades, find value and judge long-term expectation are exactly the same. Thus, if you’re looking for a new way to make money and you fancy expanding your current portfolio, then Betfair trading apps could be the way to.
What is Spread Betting?
Before you fill your mobile device with Betfair trading apps, let’s first take a quick look at what spread betting actually is. In a nutshell, spread betting requires the punter to wager money on the underdog or the favourite. If the gambler takes the underdog’s side then they will win if that option’s score, plus a fixed number (the spread) offered by the house, exceeds the favourite’s. Conversely, if the favourite’s score, minus the spread, is greater than the underdog’s, then the punter wins if they wager on that side of the proposition.
This way of betting became popular back in the 1980s because it gives canny punters a greater chance of winning. In fact, through a process of analysis and charting, expert spread bettors can make a substantial amount of money by betting on dozens of fixtures at once.
Applying Your Trading Skills
As you can see, the process of picking a winner isn’t simply a matter of flipping a coin. To determine which side will win and by how much, requires analysis of past results, current form, market conditions and so on. Basically, in the same way you’d analyse a trade in the currency market, you’d also do in the spread betting market.
Of course, you could do all this manually, but that would be extremely time-consuming. Fortunately, Betfair trading apps have been designed to make the process of analysing the market and placing multiple bets with a single click extremely simple. One of the best examples of Betfair’s trading apps is Geeks Toy. Available on a two-month free trial, this piece of kit gives you the ability to speculate in a more informed way thanks to the following features:
Watch and trade more than one Betfair market at a time.
Real-time Betfair prices and market data.
Ladder interface with one click betting.
Unique in-play interface specifically designed for fast moving horseracing markets.
The End Product
This list of features contains just some of the impressive tools you can utilise in order to improve your spread betting EV. Although the software won’t give you the sporting knowledge you need to become a sport betting master, it will give you the statistical data to augment any market knowledge. Essentially, if you’re an experienced trader, you should be able to use the information Geeks Toy provides and combine it with any knowledge of the sporting world you acquire to make profitable trades and improve your bottom-line.