Notes

Betfair Review
Unlike traditional bookmakers, betfair operates an exchange. betfair horse racing bot punters place bets against each other rather than against the house. When a horse wins, the bettor that backed it gets paid a percentage of the pot. This differs from tote betting, where bets are placed into a pool and winnings are paid out from the total amount of bets in the pool.
While it may seem daunting to a newcomer, the betfair website is actually quite intuitive and easy to use. Its main page views of Home, Racing, Sports and In Play make it easy to navigate and select any race that you want to bet on. It also features a search box and the option to filter by day, code and track at the press of a button.
Betfair charges a small commission on winning bets. This equates to 5% of the winning amount. This is less than the margin charged by a conventional bookmaker and it can help you to maximise your profits.
As with all betting exchanges, the Betfair market will fluctuate both before and during an event. A horse’s price will go up and down depending on how confident punters are in its chances of winning. This is a good thing as it provides a great opportunity to take advantage of the odds movement. A well-known example of this is backing a horse at a short price and then laying it off at a longer one, or vice versa. This is known as arbing and it’s a very lucrative strategy for those with the time to follow the markets.
If you’re betting at a market with high liquidity, you can expect your bet to be matched very quickly. The reason for this is that there are so many people wanting to back or lay a particular selection. As soon as you enter a bet, it is placed into a queue for matching. As soon as another punter backs or lays the same selection, your bet is matched and you’re in business.
Betfair offers a wide variety of betting markets for almost every major sport including Horse Racing, Football, Grey Hounds and Tennis. The GHbot fully automates all of these markets and allows you to back, lay, trade and Dutching for up to 10 independent betting systems at the same time. It is a simple to use but powerful piece of software with built in advanced staking features that allow you to set fixed stakes, percentage of bank or liability and even choose different staking strategies for each of your bets. The GHbot is a very safe and reliable piece of software that is well suited for new punters.



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