Betfair Golf Trading

Betfair Trading On Golf - How It Works. Author Paul Williams, Find us on Google+

We often get asked how trading on golf works and whether there's scope for making a profit on the exchanges from golf - the simple answer is yes! The prices on offer on Betfair in particular can be incredibly attractive compared to the mainstream bookies, however it's worth that you can't back players each way in this type of betting.

Our example comes from the 2010 WGC Bridgestone Invitational eventually won by Hunter Mahan (for a more recent example click here). In our tips we suggested that Ryan Palmer was likely to have a good week - putting our money where our mouth is we backed him at various prices to give us a potential profit of £10,608 from a total outlay of £125:

With Palmer sharing the lead going into the final day there was opportunity to either give us a completely free bet or give us a guaranteed profit. Here's how:

Recoup your stake - betting for free.

With the current lay price at 11 (10/1 - the pink number next to Palmer's name) we can offer £1,250 of our potential profit to other Betfair punters and recoup our £125 stake. There's £81 available right now at that price; once the remaining £44 is matched then you've got all of your stake back whilst still standing to win £9,358 if Palmer goes on to win:

Of course you may want to cash in right now and guarantee yourself a profit in all eventualities, so let's 'green up':

Green Up - guarantee a profit in all eventualities.

By offering £9,750 of your profit at 10/1 we can guarantee ourselves a healthy profit of at least £850 in all eventualities. Naturally this needs to be matched - if you're impatient then there's liquidity at 11.5 (21/2) which simply means you'll reduce your profit a little but get paid off instantly. The screen then looks like this:

In this scenario we've reached a green-green scenario where we can take the money and run regardless of the result - the question is how long you're willing to wait before laying the bet...get it right and you'll make more money, get it wrong and your profit will reduce! In our experience it's significantly easier to lay your bet between rounds than it is in-play as there tends to be more liquidity, however much will also depend on the price you're willing to lay at. If you offer a price higher than the 'going rate' then you'll often get your lay matched.

Fancy having a go for real? Betfair are offering Golf Betting System readers up to a free £50 sportsbook bet - click here to get started - and let us know if you get any big winners!!

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