THE BETOMETER HELP GUIDE
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AUTO-HEDGE
The Betometer makes offset tick trading very easy for all users by removing the need for any trading skill or experience.
Offset tick trading is simply placing a bet followed by a 2nd bet at odds either higher or lower to take advantage of the difference in prices. This is usually followed by a 3rd bet that equalises the profit so that the same profit is made across all selections in an event regardless of outcome. In other words, win or lose, you will always win provided the bets you make are matched.
This has always been the area of expertise that budding Betfair traders aspire to.
But as many would agree, no matter how good the tools you have, if you do not have the skill and knowledge then you will not make money. In fact, sadly, 90% of these ' budding traders' lose money.
The Betometer changes all that by making the whole process a 'one click' operation.
The key to successful trading is the shape of market. You want to pick markets that offer value in your favour. The Betometer has many proven methods to share with you, and this is one to use in the horse racing markets, an example for soccer will follow.
It is not necessary to know the following but it may help you understand more about the key issue of finding 'value'
Statistically horse racing favourites win 30% of their races. This means that any horse that is more than odds 3.5 is a poor favourite. We further increase the chances of it losing by looking at races with 12 or more runners and races under 1 mile.
Simply, select the horse, enter a reasonable tick value e.g. 10 ticks, enter your stake.
Immediately the race goes in play,click the Autohedge Lay button. Try to lay below the Betfair SP for added value. Favourites tend to shorten in the very first few seconds in sprint races.
Use Test Mode while you learn the AutoHedge function.
The first bet will be submitted in this example odds 4.0 at 20 = a liability of 60.
We do not recommend a liability greater than 5% of your betting bank.
Once the bet is matched a 2nd bet is automatically submitted for you with stakes calculated to give a profit no matter what the outcome of the race provided the 2nd bet is matched.
2nd bet is odds 5.1 (10 ticks above 4.0 ) at 15.69. The matched profit is 4.31 - over 20% profit
You can of course utilise the Odds function and Lay at below Betfair SP for added value.
Remember that unmatched bets are cancelled by Betfair at 'the off' so to ensure that
you preserve your unmatched bet's odds and stake use the Keep Bets function.
You can
cancel the Autohedge and the second unmatched bet by clicking the cancel button.
This is advised when betting close to the time the event goes in play or is suspended.
Using much the same technique, Laying the 'draw' in soccer matches (match odds) is a profitable technique. As the game advances the likelihood of one team winning makes the draw Back odds lengthen. Using Autohedge with a small tick value many times during a soccer match will quickly build your profits.
The Autohedge function is used for one runner at a time.
If you would like to autohedge several runners then use the Trigger function.