Betfair Trading Applications: Disadvantages I’ve mentioned the advantages that software users achieve over non-software users. However, Betfair trading applications do have their disadvantages. 2 disadvantages that I have experienced are: Application Freezing: In some circumstances the trading application or your computer may freeze leaving you stranded in the middle of an open position. This actually happened to me and I lost most of my stake. To prevent this from happening again, I load up a separate Betfair screen and have another computer on standby. This may sound drastic, but believe me; it’s not worth losing a £1000 stake over something that can be prevented easily. Human Errors: can be made more frequently using powerful software. For example, the “one-click betting” feature in most applications could lead to more mistakes being made as prices can change very quickly in Befair. The back price could be showing 2.2 one second and 2.1 the next which means it is quite possible that you could back the wrong price at the last second and incur a loss. My Opinion On Betfair Trading Software Betfair trading software has good points and bad points. We must remember that the software is only as good as the person controlling it. Using these types of applications will not instantly make you a professional trader. There are no shortcuts to success. To be a successful trader, you must first learn the basics. The decision on whether you should use Betfair Trading Software ultimately depends on your trading style and strategy. For example, if your strategy depends on stats and you can place your bets with no problems using the normal Betfair interface then there is no point in buying software. However, if you trade horse racing and need the advantage of speed to pick and equalise your profits quickly then you’ll need Betfair Software to do this job for you more efficiently.
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