So, we have explained with many images and examples what trading in Betfair means. At the very least, we have a vague idea of how it is done but it's still a mystery how to show a profit. Far from it, how to make money by trading before the horse race even starts! Here is a prime example of how it is done. Let's see what goes on in this video, one step at a time.

In the beginning nothing really happens and I'm just watching the prices in order to figure out some pattern that is going on. Then I'm getting ready to submit a back order and I constantly change the odds in order to get a better price. Notice that I have entered "1111" as an amount, as it is pretty easier and faster to type same digits with the keypad.

I finally submit my order at 2.50 for 1111€.  I almost instantly click to lay half of that at 2.48 and I wait to get my first order half-matched. While I get that done, I submit my lay order which is matched at once and I have half back-bet unmatched. So, I have another half-bet lay ready to submit. Now, something very nice happens at that stage. The half-back-bet gets almost matched but the odds start to fall. I change my stake to match the exact amount it has got matched and begin to lower my odds in order to make more money. I submit it eventually at 2.44, cancel the unmatched back bet and just watch my lay getting gradually matched. When it's all done, I have 35.65€ profit on the favorite.

I am going then to back but change my mind and get a lay bet ready. Now, I change again my mind and decide that the odds will steam and I'm going to back. I back for 1111€ at 2.42 but the odds fall pretty fast and I get matched at 2.38. However the speed is pretty fast so I decide not to wait for some big movement, and I lay half of the amount at 2.36. I wait for an eternity for that to get matched and at the same time I have another lay ready to fire with the remaining half amount. At that moment, I show you that I have still the first lay unmatched.

When my first lay gets matched, there is quite a pressure for odds to fall even lower, so I decide to keep my lay unsubmitted.  Finally, I submit at 2.32 and gets matched at 2.30. I have secured a profit of 91.23€. The following minutes doesn't provide any trading opportunity for me, and the only worth mentioning fact is the 35,000€ bet appearing on the second horse, another example of spoofing.

In the end, I lay the favorite with  37.09€ in order to green up and secure a profit on all horses.

Take into account that I didn't even look at the chart and I didn't apply any technical analysis .