football cash out secret
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Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
How YOU can take advantage of
a secret loophole in the world’s
largest betting exchange.
A Special Publication from The Better Bettor
By John Lee
ALL RIGHTS RESERVED. No part of this report may be reproduced or transmitted in any form whatsoever, electronic, or mechanical,
including photocopying, recording, or by any informational storage or retrieval system without the expressed written, dated and signed
permission from the author.
DISCLAIMER AND/OR LEGAL NOTICES:
The information presented herein represents the view of the author as of the date of publication. The report is for informational purposes
only. While every attempt has been made to verify the information provided in this report, neither the author nor his affiliates/partners
assume any responsibility for errors, inaccuracies or omissions or for any damages related to use or misuse of the information provided in
the report.
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
INTRODUCTION...
Congratulations on downloading this guide. You're going to love
it and if you put into action everything you learn you'll be able
to make anything from a few pounds a day to a comfortable
full time income.
How good will it feel to be able to go and tell your boss what to
do with his job?
I know more than one person who uses just this one method to
make a comfortable full time income so I know it is possible.
I'm going to start with the most important tip you'll read in the
entire guide and it's this:
You MUST take action on what you're about to learn. If you
just read this guide and put it aside you'll have forgotten all
about it in a couple of days and it'll just collect dust on your
hard drive. So just keep focused on the difference an extra
£1000 a week is going to make in your life and get stuck in.
I'm going to start this guide with an overview of what we'll be
doing, then I'll tell you the theory behind it. Then I'm going to
walk you through the system, one step at a time, explaining
everything as we go. Finally I'll add a check list so you won't be
able to forget anything as you apply the system in real time.
Let’s get going...
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
THE OVERVIEW...
In this system we're going to be laying the draw in a soccer
match BEFORE the kick off and then trading out of the bet after
the first goal, to guarantee ourselves a profit, no matter what
the final score.
If the previous paragraph seems like a foreign language, don't
worry. You're soon going to know exactly how this works. Once
you read through this guide a couple of times and understand
the principals you'll realise that it's so easy, a ten year old
could do it.
This is NOT gambling, and we're not blindly betting. We're
simply going to be trading in the same way as they do on the
Stock Exchange, buying a position and then selling it a little
later for a guaranteed profit.
First of all, let’s look into the reasons why this works...
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
THE THEORY...
First things first.
You need to know about betting exchanges and Betfair in
particular as they are the biggest and best of the exchanges.
If you're already familiar with Betfair and betting exchanges
you can skip this and move on to the next part. If you're not,
then keep reading...
First of all here's how Betfair describes itself:
What is Betfair?
The Betfair group of companies ('Betfair') offers a global
portfolio of gambling products and services. This includes the
world's leading betting exchange (a concept pioneered by
Betfair), which is provided in the UK. Betfair's other betting
platforms include a bookmaking operation provided from Malta
and a second betting exchange in Australia.
Separately Betfair's established gaming products include Betfair
Poker, Betfair Casino and a number of exchange-enabled
games. All of these are offered from Malta.
Betfair is a licensed gambling operator in the UK, Australia,
Malta, Italy, Austria and Germany.
Why Betfair?
Betfair offers you unprecedented choice, value and control.
* You can bet that an outcome will happen (back) or that it
won't happen (lay).
* You can choose the odds at which you want to play.
* You can bet whilst the game is in play.
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
* You can play on a range of products and innovative
games.
What is different about betting on Betfair?
Back or lay
When you "back" a selection (be it an individual, a team, horse,
dog or other), you are betting that it will win. This is just like
betting with a conventional bookmaker.
When you "lay" it, you are betting against it winning. For
example, if you're betting in a market on which team is going
to win the Premiership and you lay Man Utd, then if they win
you pay out. This is what bookmakers traditionally do.
If you are a UK registered customer you are betting through
the UK exchange, which means that your bets are being
matched by other Betfair customers. In this case, although
Betfair knows who is on each side of every bet matched, you
never know who you are betting against, as it may be a
number of people matching your one bet. If you are registered
with Betfair from outside the UK you are betting directly
against Betfair rather than other Betfair customers , but in all
cases your privacy and the confidentiality of your bets is
maintained by Betfair's secure site.
Choose your odds
If you want better odds than are currently available, you can
place an order for a better price, but bear in mind that if your
price is unrealistic your bet is unlikely to be accepted. Note that
the odds available often improve nearer to the 'off' (or when
the event starts) as interest and betting activity in the markets
increase.
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
So ... To try and put that more simply ... Until quite recently
the only way we could bet on a horse race or the outcome of a
football match was to go into a bookmakers and place a bet on
the horse or team we think is going to win.
With the advent of betting exchanges we're able to bet with
other members of the public. The betting exchange matches up
our bet without us ever knowing who we are betting with so
the system is totally anonymous.
The fact that we're able to do this means that we can bet on
either outcome of an event. Something that only the bookies
have been able to do previously.
An example of this is that if you think that “Horse A” is going to
win the 2:30 at Cheltenham and I think it doesn't stand a
chance, you would back “Horse A” to win and I would lay
“Horse A”.
You may decide to back the horse at 2 to 1 (3.00 on Betfair) so
you put £25 on it and knowing that if it loses you lose your £25
but if it wins you'll win £50 and also get back your £25 stake,
£75 in all.
To lay “Horse A” for £25 so I can match your bet, I need to
have at least £50 in my account as this will be my liability. If as
I suspect, “Horse A” fails to win the race I'll be £25 up but if it
does happen to win I'll lose £50.
Now you may think that sounds like a bad deal as I stand to
lose more than I can make, but you have to remember that I
have every other horse in the race running for me, so if “Horse
A” is running in a ten horse race I will lose £50 if it wins but I'll
win £25 if any of the other nine horses win!
So now you know how to lay an outcome you must realise that
this opens a whole new world of opportunities to you.
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
Bookmakers have traditionally been the ones laying the horses
while we went into the betting shop and backed our choices
and I know you've never seen a poor bookie! This should be
making you excited as the possibilities are endless. Betting
exchanges even give us an advantage over bookmakers as the
bookies are obliged to offer odds on every horse in a race but
we can pick and choose our lays.
You may say that bookies have an advantage as they're able to
set the odds they're willing to bet at, but that too is something
you can do on a betting exchange, and you'll notice that the
odds change constantly as people judge the strength of the
market.
Another opportunity with betting exchanges is that you're able
to trade bets. You can for instance put £25 on a horse to win at
9AM for a price of 4.00 and then find later in the day that the
price had shortened to 2.00. You can now lay the same horse
for £50 and regardless of the outcome of the race you'll win
£25.
If the horse wins your back bet will win £75 but you'll lose £50
on your lay bet. Outcome is £25 up.
If the horse loses your back bet will put you down by £25 but
your lay bet will win you £50. Outcome is again £25 up.
In our system we're going to make a similar trade on a soccer
match. Laying the draw and then trading out by backing the
draw at a greater price after a goal has been scored,
guaranteeing us a profit. More of that as we move on...
This relies on us being able to do something else that
traditional bookmakers don't allow us to do. Betting in-play,
which means we're able to bet on the outcome of events even
while they're going on.
OK ... I've gone on a bit about horses here but we're going to
be betting on soccer matches so how does that work?
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
Well, as far as Betfair are concerned, there are three possible
outcomes with a football match. Either, the home team wins,
the away team wins or the match is a draw. Betfair treats a
score draw the same as a nil nil draw but this is a massive
loophole. Hardly anyone realises but that one fact is what
will allow us to make our profit!
Only 22% of games finish in a draw so if we were able to lay
the draw for £25 at odds of 4.00 (not unrealistic) in a hundred
matches we should win 78 times giving us £1950 but we'd lose
22 times, losing £75 each time, or £1650. Our £1950 winnings
minus our £1650 losses gives us a nice profit of £300. Not bad
you may think, a profit is a profit after all, but keep reading.
We can do a lot better than that!
Another interesting statistic is that the number of games world
wide, which finish in a nil nil draw is only 7%. Another way of
looking at this, is that in 93% of matches at least one goal is
scored.
In UK matches this figure increases to 95% which is even
better for us!
So ... Here's what we do...
We use our £25 to lay the draw at odds of around 4.00 or less,
then we wait for a goal to be scored which invariably moves
the odds upwards. Then we trade out of our bet by backing the
draw to give us a guaranteed win regardless of the outcome.
(I personally never lay at prices greater than 4.50. It may be
tempting to take a bigger price when the teams are wildly
unmatched, but remember we're not gambling here, we're
trading, so stick to the plan and remain disciplined).
It's not unusual after the first goal for the odds to double, and
if that were to happen with our example above we could back
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
the draw for £12.50 at 8.00 which would give us a guaranteed
profit of £12.50.
If the match finished as a draw our lay bet would lose £75 and
our back bet would win £87.5, resulting in a £12.50 profit.
If the match didn't finish as a draw our lay bet would win us
£25 but our £12.50 back bet would lose, resulting again in a
£12.50 profit.
If you're thinking that there's still only a 20% chance of a draw
so you're tempted to adjust your bets to only break even in the
event of a draw and give a little extra profit when one team
wins, think about this:
In that instance you would back the draw for £10.71 at 8.00
which would give the following outcomes:
If the match were a draw your lay bet would lose £75 and your
back bet would win £74.97, resulting in a £0.03 loss.
If the match didn't finish as a draw your lay bet would win you
£25 but your £10.71 back bet would lose, resulting this time in
a £14.29 profit.
Not as much difference as you'd imagine, eh?
Doing it that way in a 100 matches will give you a £14.29 profit
78% of the time giving you £1114.62 but going for the even
split gives you £12.50 for every one of the 100 matches giving
you £1250 profit.
So stick with the plan and go for the even split.
(I'll show you later how we work out how much to bet).
Always remember we're trading, not gambling. We have a plan
and we stick to it no matter how tempting it may be to let our
lay bet run once a goal has been scored. We must trade out.
You'll be surprised how often an equaliser is scored in the last
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
minute which will leave you out of pocket if you're not
disciplined.
The only way to profit long term is to be disciplined and stick
with the plan!
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
STEP BY STEP...
Here's a step by step guide to get you started. I’ll try and
explain why we’re doing what we’re doing, as we go, but once
you know what you’re doing you’ll just be able to use the check
list I’ve provided at the end of the guide.
Open an account at Betfair. If you use this link you'll get a £25
FREE bet to start you off!
www.BetterBettor.org/Betfair-Offer
Once you've opened an account you can log in at
www.betfair.com and click on the “Football” link.
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
In the menu that appears on the left of the page you need to
click on “Coupons” at the top of the list.
Now you need to click on the “in-play coupon” link for the day
of the week you have logged in on. In the example above
which was on a Sunday for instance you'll need to click on
“Sunday In-Play Coupon”. These are arranged alphabetically so
should be easy enough to find.
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
You'll then be presented with a screen like this:
The middle two columns are the ones we're interested in as
they are the back (blue) and lay (pink) prices for the draws.
You'll notice that the matches nearest the top have a tick in a
green box next to them. This is because they are already in-
play but if you look further down you'll find matches that are
yet to start.
We can select some eligible games here by finding the ones we
can lay for a price of 4.20 or under.
The best matches to choose are those with a high probability of
a home win. Look for matches where you could back the "home
win" for odds of 2.00 or less.
You can do more research at a football stats site such as
www.footballresults.org or www.soccerstats.com to find
matches which you think will end in a home win.
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
We also need to check the liquidity of the market as we want to
be sure we're going to be able to trade out of our lay bet when
a goal is scored.
The “liquidity” of an event is basically the amount of money
that is being wagered on it. We need to make sure there is
enough liquidity so that when the time comes for us to trade
out of the bet we know there are going to be plenty of people
taking the opposing view to us. This way we'll be sure to get
our back bet matched.
We need to make sure there's been at least £10,000 matched
on the game we choose.
If you click on the team names, which I've highlighted with an
arrow above, you'll see the full details of the match and be able
to see the total amount matched.
Not a problem in this instance as you'll see that with five hours
until kick off there is already £32,200 matched on the game.
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
Place your £25 free bet!
Work out your liability (subtract 1.0 from your odds and
multiply the result by your stake). So ... If we're laying £25 at
odds of 3.9 our liability is £72.50.
Calculate your “cash out” figure by adding your stake to your
liability. (£72.50 liability plus our £25 stake = £97.50)
Write down your “cash out” figure so when a goal is scored
you'll have everything ready to trade out.
Log on to www.futbol24.com
Click on “Live Now”.
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
Click on “Choose League”.
Select the league or leagues your matches are in and click
“Submit”.
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
Deselect any matches you're not interested in by clicking the
red crosses.
Make sure the sound is selected on, on the site as well as on
your computer!
Sit back and relax!
You'll hear the audible warning as soon as a goal is scored or a
penalty is given and when you check Betfair you'll find the
market is suspended.
Very soon you'll see the new market re-form and you'll need to
check what price is available to back the draw. We need to
back the draw at a greater price than we laid it for to
guarantee a profit.
OK ... Here's the important bit ... To work out how much we
need to back the draw for we take the amount we laid initially,
added to the liability and then divide the sum by the new back
odds. Don't worry ... It's easier than it sounds!
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
Here's an example:
We started out by laying the draw for £25 at 3.9 which makes
our liability £72.50 (3.9-1.0)x25
We add our initial £25 stake to our liability of £72.50 which
gives us £97.50 (We actually did this earlier, as soon as we laid
the draw, and should've noted down the result so we'd be
ready as soon as we saw the new odds).
When the market is re-formed after the first goal is scored we
see that the price to back the draw is now 5.5
So ... We divide 97.50 by 5.5 which gives us £17.73 rounded
up to the nearest penny.
Now we simply back the draw for £17.73 at the new odds of
5.5 and we're guaranteed a profit no matter what the outcome.
If the match finished as a draw your lay bet would lose £72.50
and your back bet would win £79.79, resulting in a £7.29
profit.
If the match didn't finish as a draw your lay bet would win you
£25 but your £17.73 back bet would lose, resulting this time in
a £7.27 profit.
You may think it seems like a lot of trouble for £7.27 but that's
a very healthy 10% profit on your initial liability of £72.50 and
if you keep reinvesting your profits you'll be surprised how
quickly your stakes will increase and you'll be making hundreds
of pounds.
This brings us quite neatly to the subject of how much to stake.
I would suggest that you only risk 20% of your bank on each
game but as your bank increases keep investing your profits
until you're making as much as you're happy with. Then
anything you win over that level you can withdraw and do with
what you like!
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
What to do when things go wrong.
Inevitably there will be times when the game doesn't go the
way we'd hope but even then we can limit our losses to
maintain our bank.
As the game progresses, and if there are no goals, the odds at
which you'll be able to back the draw will gradually decrease
until they're at 1.01 and you have no hope of salvaging
anything from the trade.
If the game looks like ending without any goals my suggestion
would be to trade your way out of the bet when the odds
reduce to 2.00. This way you will still make a loss but it will be
reduced to less than half what it would've been.
Using the same figures above as an example we would again
take the figure of £97.50 (25.00 + 72.50) that we noted down
earlier and divide this by the available back odds. 2.00 in this
case. This gives us a figure of £48.75 which we use to back the
draw. This divides our losses between the two outcomes and
would give us a loss of only £23.75.
If the match stayed a draw your lay bet would lose £72.50 but
your back bet would win £48.75, resulting in a loss of £23.75
If there was a last minute goal your lay bet would win you £25
but your £48.75 back bet would lose, resulting again in a loss
of £23.75
Much better I think you'll agree than the £72.50 you could
otherwise have lost.
If you do make a loss don't panic and chase your losses by
increasing your stakes. You WILL inevitably lose now and
again, but far less often than your winning days, so just put it
down to experience and learn from it if you can.
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
The other thing that can potentially cause problems is if the
underdogs score the first goal. This can sometimes cause
barely any change in the odds at all, as the market expects the
stronger team to equalise and sometimes the odds will even
reduce, however I usually just ride it out as I am, after all, in a
winning position and you'd be surprised how often the
underdogs go on to win.
When you start using this technique I suggest you start with
small stakes, trading one match at a time, until you're familiar
with the routine. As your confidence and your bank increases,
you can increase your stakes as well as the number of games
you're simultaneously trading.
OK ... So now you have everything you need to make a big
change in your life but it's over to you now. I can't do any
more. The only one who can make it happen is YOU!
So TAKE ACTION and the best of luck.
Football Cash Out Secret – A Better Bettor Publication
© 2010 John Lee – All Rights Reserved www.betterbettor.org
CHECK LIST...
Use this link to open an account at Betfair and get your £25 FREE bet:
www.BetterBettor.org/Betfair-Offer
Log in to www.betfair.com
Click on the “Football” link.
Click on “Coupons” at the top of the list.
Click on “****day In-Play Coupon”.
Select eligible games. (Lay price of 4.50 or under – “home win” odds of 2.00 or less)
Do more research if required:
www.footballresults.org
www.soccerstats.com
Check liquidity. (£10,000 plus)
Place your £25 free bet!
Work out your liability. (Odds minus one x stake)
Work out your “cash out” figure (liability + stake) and WRITE IT DOWN.
Log on to www.futbol24.com
Click on “Live Now”.
Click on “Choose League”.
Select your matches league and click “Submit”.
Deselect matches you're not interested in.
MAKE SURE SOUND IS SWITCHED ON!
Sit back and relax!
Check prices after audible warning.
Divide your “cash out” figure (the number you wrote down) by the available odds.
Back the draw by the amount you calculated.
Relax and count your winnings!
... or ...
If odds drop to 2.00 trade out of bet to reduce your losses.