A good question. As editor I have been asked numerous times. Using my experience I would like to give our best answer to how to build a betting bank for trading on Betfair.
Let’s Compare Bets has been researching systems and Betfair trading strategies since 2006, so I believe we are qualified to give what is currently the best solution to this problem.
Many successful Betfair strategies use a large betting bank to make regular profits from small movements in exchange odds. You like us may not have the resources to do this. Read on to see how to do it on a shoestring budget.
A big consideration for how to build a betting bank was to make it low risk. Also a big requirement is that Betfair is essential to the process: to give newbies experience of using the exchange.
Newbies are recommended to sign up to our newsletter to get a free copy of the Betfair For Profit guide, which explains the process and gives links to sections of this site that explain trading strategies.
Furthermore, the method I describe needs to be quick and relatively easy. Betfair’s betting exchange has the unique feature that members can bet on someone, a team, or horse to lose (lay betting).
Build a bank for trading