Football Cash Out Secret

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,

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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.



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...



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...



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.



* 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.



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.



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?



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



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



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!



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.



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.



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.



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.



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”.



Click on “Choose League”.

Select the league or leagues your matches are in and click

“Submit”.



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!



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!



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.



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.



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.

Date post:	27-Nov-2015
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Football Cash Out Secret

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