Will start trial of Bet-Trader Pro today, after funding my dwindling Betfair account. I must admit, you cannot trade Betfair by just using the standard Betfair trading interface. You need a faster program. The subscription price for Bet-Trader Pro is 29.00 pounds per month or about AUD $70.00.

 

I have looked at various other programs, which just give you the provision to back and lay using a preset staking amount. The seemingly good feature of BTP is that you can quickly jump into a position when you see money coming into the market. You can get out pretty fast too.

 

Very soon, I will be looking at upgrading my crappy computer that I was suckered into purchasing for AUD $2000.00 in December 2000, which is currently running Windows Millenium. This thing is crap - and more times than often, flashes the dreaded 'Blue Window of Death'.

 

I have decided that when I do start trading, to pursue a fixed daily amount to cover my daily living expenses using Win Trades (profit irrespective of the horse winning or losing) and once this figure has been met, to trade Safe Stake Trades (profit if horse wins, recover original stake if horse loses). Safe Stake Trades can win more money provided the horse (favourite) wins the race. I would also like to place in running bets on Tennis, Boxing, Rugby Union and Ice Hockey - that should make sport more interesting to follow, especially tennis. All profits from Safe Stake Trades will be spent on lollies, blingage, anything else the heart desires.

 

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Well, it is 6.45pm at night and I have just paid PayPal for a subsription to use Bet Trader Pro. I had some mucking around to do, as I'd already openned 2 other PayPal accounts, one using the credit card I wanted to make the subscription payments with. PayPal won't allow you have operate different accounts using the same credit card. I'd clean forgot that I openned these other dormant accounts.

Anyhow, after successfully registered my PayPal account with my preferred credit card,  I assumed that this would grant me instant access to BTP. Bling Bling!!Think again! Sent an email to RacingTraders.com to see when the account would be available for use.

The only problem that I am facing, is that I will have to trade the UK Horse racing markets, as the volume money flowing through each race is astounding. One horse race saw eight hundred thousand pounds flow through it. Amazing. So, will have to be up from about 10.00pm to 1 or 2am in the morning, Sydney time.