7. Traders Essential Tools
Before you can even begin trading on the betting Exchange, it is essential for you to have some technical equipment. As a trader you certainly can not do nothing without an account on the betting exchange and without trading software your options to profit are seriously limited. You also need a way to deposit and withdraw funds to the exchange, such as a Credit or Debit card, or eWallet like PayPal or Skrill.
1. An account with Betfair
- An absolute must have for every trader or bettor.
- The largest betting exchange in the world
- Sufficient liquidity on almost any sport - great earning potential
2. An account with Betdaq
- Betdaq is the second largest betting exchange in the world and it is good to have an open account here.
- Geeks Toy for Betdaq is completely free
- Lower fees
- Can be used as a backup in case of Betfair failure
- The disadvantage is still much less liquidity (the amount of money traded on the betting exchange), so less earning potential in most places.
3. An account with Matchbook
- Matchbook is the worlds fastest growing betting exchange and their pricing model differs to Betfair / Betdaq in they offer a 1% commission on bets.
- Geeks Toy for Matchbook is completely free
- Lower fees
- Can be used as a backup in case of Betfair or Betdaq failure
- The disadvantage is still much less liquidity
4. Skrill VIP
There are a number of ways to deposit money into Betfair, Betdaq or Matchbook, but we reccomend Skrill. Skrill is an eWallet provider which you can use to make deposits to Betfair, Betdaq & Matchbook and withdraw your winnings to your bank card or bank account. All you need is an e-mail address and password to make payments or send/receive money. It couldn’t be easier.
5. Download Geeks Toy
To trade on the betting exchange you need to be connected to the exchange. To trade effectively, you will need professional trading software which gives you live prices, 1 click bet submission and many other tools to simplify and enhance your trading strategies, and Geeks Toy is a complete professional solution for betters and traders.
- Complete, fully featured software for Betfair, Betdaq & Matchbook
- Unbeatable speed
- Complete customisation
- and much, much more
