Trading on the betting exchange sites is hugely popular among a significant number of punters, but it’s far from easy to turn a profit.
In order to succeed takes dedication and hard work. It’s can be quite difficult to predict market moves, particularly if you haven’t got years of trading experience to fall back on, so any additional edge you can get is always welcome.
That extra support is on offer via trading software for betting exchanges, which offer speed (with regards to placing your bets) and a far greater ability to accurately predict long-term price movements than the vast majority of us are capable of.
Here at freebets.com, we decided to take a look at some of the best betting exchange trading software on the market. There are a number of different options currently available.
First up is Bet Angel which was established way back in 2005, so is a long-standing reputable business.
There are three options at Bet Angel – Basic, Trading and Professional. Basic is a free option for horse racing, but is naturally somewhat limited and probably best as a short-term option for those starting out in trading. It’s not really viable for serious traders.
The Professional version brings together a wide range of features which includes a powerful chart building feature. It also has the likes of football and tennis trading additions too.
You can trade manually using Bet Angel. There is also the option of automated trading too if you prefer. It provides enough flexibility and ease of use to suit newcomers and also experienced traders too.
The Trader and Professional options both come with 14 day free trials should you want to test them out. There are several subscription plans available for Bet Angel Trader and Professional, depending on the length of time you want to commit. For example, the Trader option will cost just £6 for a month or £60 for a year. The Professional comes in at £29.99 per month or £149.99 for a year.
Automation is only available in the professional version as well as a few other features, which are mainly there to provide additional research and trading advice.
Gruss Betting Assistant
Another highly-regarded choice is the Gruss Betting Assistant. This is a great tool for that all essential speed when Betfair trading on the in-play betting markets.
There is a heavy emphasis on automation features with Gruss Betting Assistant and it’s possible to create Excel scripts which will run in the software and trade on your behalf. This is great for those more experienced on betting exchange sites, but novice traders would probably be best advised to familiarise themselves with manual trading initially.
There are free learning materials in the form of videos and blogs on their website, but on the downside there is no practice mode available.
The Gruss Betting Assistant is available on a free trial basis for 30 days, after which it will cost you £6 per month or £60 for an annual subscription, for which you also get a free Betdaq betting assistant included. Both versions of Gruss are only available on Windows computers.
Geek’s Toy is another popular option for trading on the Betfair exchange. Their software is primarily geared towards manual trading and there is only a limited automated service.
Geek’s Toy does feature a multi-bet tool that allows users to place multiple bets simultaneously, such as laying the field. Although Geek’s Toy is perhaps a little daunting at first, you will soon see that it can be customised for individual trading preferences.
There is a practice mode that enables customers to get an idea as to how they do before trading with their own money and there is a vast range of learning materials on offer.
Geek’s Toy offers a 14 day free trial, after which you can pay for a 3 month subscription at a cost of £20. An annual subscription is available for £60. They are also known for occasionally e-mailing subscribers offers of lifetime access for a knockdown price of around £120.