A good way to profit from football betting is by trading Betfair for 1% profit a day - also known as the Betfair 1% Club.
This can be done in a number of different ways, including on different sports. Personally, I've regularly done it on both cricket and football, but due to this being a football betting website, I am going to take you through the football version of this practise.
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There is no real one size fits all when it comes to trading Betfair for 1%. You can use this technique any way you want too.
There is subscription version of the system, it's part of the Betting Mastermind money making package that is available from Mike Cruickshank.
Our Betting Mastermind Review has more information on this, and goes into more detail about all the other betting systems you can get with this product.
What Is 1% A Day on Betfair?
Making 1% a day profit on Betfair is a relatively low risk way of making money. It isn't get rich quick, and it involves a lot of patience and discipline.
Having said it's not get rich quick, this is from a betting perspective. Making 1% a day equates to 35% profit a month, and in a lot of walks of life, that actually is getting rich quick!
Anyway, dues to the fact that you can back and lay on Betfair, it is now possible to make money on football before a ball is even kicked.
The reason why I (and Betting Mastermind) use Betfair and not the other Betting Exchanges, is because there is far more liquidity on Betfair.
If you're new to this, and don't know what the term liquidity on Betfair means, it means there is more money swishing around on Betfair. And the more money in the market, the quicker and easier it is to get our bets matched.
As the Betfair 1% system is largely based on getting in and out of a market quickly, this is very important.
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You aim is too Buy Low, and Sell High
Now try and think of trading shares. The aim is to buy low, and sell high, and this is pretty much what the Betfair 1% strategy is. It is a very similar concept.
Your aim is too Buy at 1.96, and Sell at 1.94 (for example), and how you do it, is on football matches.
This can be done on the match winner (90 Minutes Betting) market, or the Over/Under 2.5 goals market. At least they're my weapons of choice.
Trading Over/Under 2.5 Goals For 1% Example
A quick look at the above screenshot shows how I made £2.55 on Over/Under 2.5 Goals before a ball was kicked. It's actually only 0.5% profit, as I was using a betting bank of £500.00, but I'm sure you get the concept.
As you can see, I backed Over 2.5 Goals at 1.89 for £500.00, and then placed a Lay bet of 1.88 for £500.00.
This meant I had £5.00 profit on Over 2.5 Goals, so I placed a Lay bet of £2.47 on Over 2.5 Goals at 1.87, which guaranteed me £2.54 (Betfair take 5% commission on your winnings) before a ball was even kicked.
And that's it, that's how you do it.
Aim for 1% Profit
To make your 1% on this market, you can do it again. This would give you another £2.50 profit, taking you up to £5.00, from a £500.00 betting bank - a profit of 1%.
The other alternative is to look for 2 ticks profit. As you can see I put £500.00 on Over 2.5 Goals at 1.89, and placed my £500.00 lay bet at 1.88.
one tick, would be a price movement of 1 digit - so for example odds moving from 1.89 to 1.90, would be one tick. If odds moved from 1.86 to 1.88, it would be two ticks - and so on
If I had waited a touch longer, I could have got 1.87, or even 1.86 matched on my Lay bet. In the screenshot you can actually see that 1.87 was available to Lay at the time. So with a bit more patience, I would have got my 1% from one trade.
The trade off (pardon the pun) to waiting in the market longer for the better odds, is the longer you are in, the more chance there is for something to go wrong.
So do you go in and out quickly twice, or go in once and take slightly more risk, for slightly bigger reward?
This is the choice you have to make. And it is something you will learn to tweak yourself as you go along.
There is no point me telling you, as it depends on the circumstances. You could be 5 minutes from kick-off (never recommended), and need to be out quickly. In this instance, there is no way you can hang around.
Trading Over/Under 3.5 Goals for 1%
As you can see from the above screenshot, I didn't just just finish on the first trade. I had a quick look at the Over/Under 3.5 Goals market, and noticed it was flipping from 1.46 to 1.48.
With this in mind, I managed to back Over 3.5 Goals at 1.48 for £250.00, and at 1.47 for £500.00. I then got my lay bets matched at 1.46 (£500.00), and 1.47 (£250.00).
This is an example of going back into the trade on two occasions. The other - smaller - bets are just to balance up the profit on to both the outcomes.
If you're reading all this, thinking, "wow, five quid profit, so what," then you might want to read on. Directly below is just how much money you can make from 1% profit, and it may well just change your mind.
1% A Day Profit Results Starting With £1000.00
Below is a chart showing you how much you can make in a single month, using the 1% a day equation, and starting with one thousand pounds.
You can vary the amount you wish to start with, but as you can see below, you will make a return of roughly 34%. Again, the profit can vary. As I've already alluded too, you might have days where you make 3%, break even days, or days when you lose 1%.
You can adjust this amount accordingly, but the same rules apply. If you start with £100, or £500, that's fine. Start with what you are comfortable with, and only what you can afford.
Another plus point of this system is that it is very low risk. In theory, and if you act sensibly, and disciplined, you should only win or lose around 1% to 3% a day. The trick is simple, win more often than you lose.
Betfair 1% Club Betting Tips and Tricks of the Trade
If you are trading high profile football matches, you should be able to trade in and out fairly quickly. Especially in the hour or two prior to kick off. This applies to live Premier League matches, and Champions League matches.
Saturday 3pm kick offs can be more difficult, as there is less liquidity on Betfair for these matches.
Saturday afternoons on Betfair can also be risky from time to time, as the site has been known to crash.
If you have only one half of your bet matches, and Betfair crashes, meaning you can't get your money out safely, you need to have a safety net. For this I would recommend getting a Betdaq and/or Smarkets account.
This way if you've had a lay bet of Manchester United to win matched on Betfair, and the site crashes. You have the option to place a back bet on Betdaq or Smarkets to cover your bet.
This is just a simple exercise in professionalism when you think about it. If you have £1000 (maybe more) of your cash exposed, you need to have a back up plan.
Beware Team Announcements
If you're trading in the hour or two before a match starts, beware team announcements. Depending on who's in or out of a team, can shift a market far more than the 1% we are looking to make. Especially if it's a team's star player, a Messi or Ronaldo figure.
Either wait for the team to be announced before you trade, or be in and out of your trade well before the team's are made public.
I've found even when a trading a match early in the day, you can get a shift in the market. This could be down to some inside team information that hasn't yet been made public.
There is a trade off with trying to get your 1% earlier in the day. Sometimes you may get small gaps in markets, such as Over/Under 2.5 Goals, and you can exploit these gaps.
Then on the flip side, on other occasions you can get your fingers burnt if there is an early shift in the market.
As you grow and learn about the 1% method you will spot these trends. It's a simple case of timing, and there is an element of luck at times as well.
There is not much you can do about it if one half of your trade is matched 5 hours before kick off, and suddenly it's announced that Ronaldo isn't playing that night, and then the price shifts 10 ticks. Meaning all of a sudden, you are down 5%. That's just bad luck.
While if you're trading an hour before kick off and that happens, it's simply bad practise. It's your own fault, as you should know to wait until the the teams have been announced. In this instance, it's nothing to do with bad luck, it's simply amateurish trading.
Don't Trade too close to Kick-Off
As I alluded too in the above examples, trading close to kick-off is a no no! In general teams are announced an hour or so before the match is due to start.
After the teams have been announced, give the market 5 minutes to settle down. Then it's time to get in and get out. But make sure you're out a good few minutes before the match is due to start.
If you're not, and the match kicks off and an early goal is scored, it could decimate your betting bank!
Making 1% a day on Betfair can be done your own way
So as you can see, there is a lot of things to take into consideration when you are looking at trading Betfair for 1% a day. You can modify this technique to suit yourself, there is no one size fits all.
You can create your own trading system based on the 1% concept, or you can go with the Betting Mastermind service if that's your preference. The choice is totally yours.
The only thing that is consistent is the profit, and in my view, a profit of 1% a day on average is a good return on any investment.