From the outset, we must point out that although earning money on Betfair itself is not difficult, you have to devote a considerable amount of time to it.

You can, of course, use a matched betting strategy, but what if you want to increase your profits significantly?

Your earnings will depend on how much time you can spend learning and gathering experience, analysing and betting, and trading on Betfair itself.

As with many things in life, the more you put into something, the more you will get out of it.

Step 1. Starting with the Exchange

This guide applies not only to the Betfair exchange but also to Betdaq, Matchbook, Smarkets, Ladbrokes, and others. If you have experience with any other sports exchange, then choose the one that suits you.

However, Betfair is one of the most popular betting exchanges, and we will use it as an example. If you still don’t have a Betfair account, all is not lost!

You can easily create an account using [THIS] link.

Step 2. Deposit of funds and market selection

Betfair allows us to deposit funds using a variety of different methods. Apart from a debit card, you can also use methods such as MuchBetter, Bank Transfer, Neteller, Skrill, Paypal, Paysafecard, and even the Paddy Power retail shop.

The minimum deposit amount and the processing time are shown in the table below. The commission, regardless of the method used, is fixed at 0%.

Once we have deposited the money, we need to consider one crucial element: If you want to make money from trading regularly, you must study the market in which you will be trading very carefully.

Mastering one sport will help you achieve your desired results.

Do you know someone who is a phenomenal expert in several areas?

You probably don’t.

Of course, it’s possible, and such people exist, but you’d have to spend an incredible amount of time to really succeed in each of them.

Do you want to go to Step 3? Continue reading here.