I have been looking at Betfair Scalper. This is a one-off review as this system doesn’t lend itself to a 13-week review; everybody who uses this system will get different results.
For a one-off cost of £89.97 (at the time or the review) you get access to over 7 hours of videos explaining what scalping is, how to set up BetAngel trading software, what entry conditions to look for, etc.
The videos are easy to follow and comprehensive. If you follow the instructions, especially the one about practice, practice, practice, and you are around to follow some UK horse racing then this could be a product to make a few pounds each race. For example, let’s posit you made a very conservative £1.00 per race (my Betfair screenshot below is £9.95 in 9 races), and only covered 4 races per day; that’s £4 per day or £120 most months. Once you get skilled, much higher profits are available, easily in the £10 to £20 range; even at £10 per race, 4 races is £40 per day, that is £1,200 per month, tax-free and with very little risk. That’s off about an hour’s work, depending on the time of day you chose to operate in; evening racing during the summer will take about 2 hours to cover 4 races. Of course you can do more, most days there are 20 races available, but that is more commitment than I am prepared to offer. One last note, not every race will qualify; heavy odds-on or where horses are close in odds are more tricky and ones I currently pass on.
Be prepared to start small, you can operate off an initial £100 bank but you will only make pennies per race; but that’s OK, you’ll be a master trader by the time you have grown the bank to be able to scalp decent sums per race. DO NOT start trying to scalp using large stakes, start small and gain the skills. Fear and Greed are the enemies of all traders!
Here is my Betfair statement for 17th and 18th March. As you can see I didn’t do many races. I have redacted Cheltenham as this was straight betting not scalping and so not relevant to this review. I used £50 stakes. Hopefully you can see the potential, I wouldn’t class myself as anything other than a beginner scalper, so in time I’d expect to be more consistent. One thing I did learn last week: don’t scalp major festivals! Scalping doesn’t work well when you are the bottom of a queue waiting for £90k to be matched!
Happy to approve this product.
Thinking of buying this as it looks ideal for a complete novice like me to learn some trading. How are people getting on with it and was it difficult to learn.
Cheers
Eddie
It is not difficult to learn but it will take you some time. I bought it at 4 mo nths ago and it is a v detailed course, easy on the ears and although I was not a complete novice I would say novices would be fine as it starts at the v beginning. I didn’t go live for 2.5 months which I know sounds like a long time but they tell you to practice a lot and as I wanted to get it right I followed that advice and I am making profits. I do not do it every day due to other commitments I have but the profits are there to be made. I usually make between £10, and £30 approximately a day but I am still being v cautious with lowish stakes as I want to be in the position of doing this longer term to top up my pension so I am trying to go at my own pace now I have found something that works for me. I take a day off in between live trading to brush on and practice again. It has to be up there with the best product I have purchased when you compare the value of the information you get. I will also say that even though I purchased around 4 months ago sometime in January I still send them questions and get answered. The support is v good too. RS.
Thanks RS I have bought it and will start to watch the videos, like you I will take my time and do a lot of practicing, and then start small.
Thanks for taking the time to reply and good luck with your trading.
Eddie
Hi Eddie, I think that is the best plan along with watching all the content on the site.
Arthur