Trading on betting exchanges is a new and exciting area for modern betting markets. Correct use of automation and specialist software can significantly enhance your trading capabilities. However, just as an expensive set of golf clubs does not improve your golf swing on their own, using specialist software does not guarantee you profitability.
You also need to be aware that because of their speed of operation and capability, software such as trading tools can also create large potential loss making positions if used poorly, incorrectly or in error. We advise that you familiarise yourself with its capabilities as much as possible before committing large amounts of money to any particular market. You should also familiarise yourself with the markets and with the way in which the odds can (and will) move, why and also the constraints on certain markets. As an example the horse racing market is relatively stable before the off but displays a lot of volatility just before the off. During in running there is a one second delay and very high volatility. If you commit money into the market at the wrong time or accidentally click on an active part of the screen you could face large losses. The market is quick and efficient.
Our advice is to use the smallest possible stake while testing and trading experimental strategies to make sure feel comfortable with the level of risk and volatility you are likely to encounter. When you feel comfortable and you are more familiar with strategies and how to put them to use in a market, you can move up to larger stakes.

Risk can come from outside of your use of the market as well. Systemic risks are items such as computer failure, unexpected outages can occur at any stage of the exchange process. You also have user risk such as accidental use of features and ms-interpretation of a market or how to trade it. As such we recommend that you have a clear and consistent approach to any market which minimises your exposure to all the risks detailed in this notice.

SOFTWARE LICENSE AGREEMENT

The software license agreement contains your agreement with us in terms of the application and use of the software by you. Please read this document fully. You will need to agree to this license agreement before the installation of your software.

WARNING

When using Betfair you are effectively transacting items of monetary value. If this information is intercepted or used against you, you could face actual monetary losses which you may not be able to recover. Therefore we strongly suggest that you only use software that you can have adequate reason to believe is honest, viable and of a sound commercial nature. We recommended that If you plan to use software for interaction with Betfair you should think carefully about using it. Despite assurances it is difficult to be sure, especially over the internet, of a third parties incentive and motives. About gambling and trading ....

Gambling in moderation is OK if it is a bit of fun or an intellectual pursuit. Attempting to over turn a bookies odds is very difficult because all bets have bookmakers margin or commission. Gambling and trading is fine, as long as you are in control of your exploits . However, if you think these methods are a road to riches or that it can dig you out of difficult financial situation then I strongly recommend that you stop immediately. You are not in control.

Modern betting markets lend themselves very well to trading and can be exciting and rewarding. However just as a top set of golf clubs does not make you into a professional golfer, trading tools do not make you a skilled trader. Hard work, careful money management and finding an edge probably will make you a good trader.

Many people turn to gambling and trading to fulfill dreams or to catapult them to a higher financial status. Some do it to escape a difficult financial situation. When you do this you are not in control and because of the way the gambling markets operate you are not likely to succeed. If you find yourself in situations where you believe you can gamble and 'get away with it' I suggest you contact a local support group immediately.

The gambling markets are by and large efficient and continued pursuit of a hopeless dream will most probably lead to ruin. Unfortunately in my time I have witnessed many people who have gambled to escape a difficult situation only to fail and dig themselves in a much deeper hole. I can not express too strongly that It is not worth doing this. Find something you can earn money at and work hard at it. Do not leave your future in the lap of the gods especially if those gods are bookmakers.

If you think you recognise yourself in the text of this page then please contact one of many organisations which can help you over come your difficulties.

www.gamblerssanonymous.org/