Overview
Gambling has a long history dating back to as early as the 15th century and most games that you can play now in casinos have their roots in China. As early as gambling started, only after 1994 online gambling first became a viable option and online casinos started up. Partly due to legislation and lack of online customers, online gambling climbed up in popularity and it was at the height of the Internet bubble (2000) when Betfair launched. Betfair is currently the world’s largest Internet betting exchange company and to have an idea of what that means they claim to have over 4 million customers and a turnover in excess of $320 million per month. Yes, you read that correctly, it adds up to almost $4 billion per year, mind blowing if you take into account that we’re talking about betting here.
Betfair started in UK and was one of the companies that received in 2003 the Queen’s Awards for Enterprise in the Innovation, a prestigious award. Unfortunately for the UK, as most giants do, Betfair moved its operations to Gibraltar in 2011 to save lots of money in taxes. If you think that’s unfair, think about your favorite tech company and pretty sure they’re based in a fiscal paradise too (Google, Apple, Microsoft, …). Politics aside, Betfair allows its clients to bet on anything sport related, horse racing, casino games (i.e. poker), even Vegas slots and Bingo games.
PPB Counterparty Services Limited, having its registered address at Triq il-Kappillan Mifsud, St. Venera, SVR 1851, MALTA, is licensed and regulated by the Malta Gaming Authority under Licence Number MGA/CRP/131/2006 (issued on 01 August 2018). PPB Counterparty Services Limited, Betfair. Enhance your Exchange experience by using Apps. Whether it’s a trading app providing advanced cash-out functionality, automating your betting strategy or finding a mobile App for your smartphone so you can access Betfair on the move – you’ll find what you need here. Betfair拥有超过四百万的注册用户和超过95万活跃客户。 在2011年,公司把其业务从英国转移到布罗陀并使它变得在布罗陀博彩委员会监管下。 评论.
Betfair has recently launched a developer program that allowed third party developers to create applications that interface with Betfair. This was a great move on their side as now there are dozens of apps that can help you interact better with Betfair. If you have an Android device then you can use BetOnDroid, the first app with a ladder interface that lets you manage your Betfair bets.
The app
BetOnDroid is free and obviously it requires you to have a Betfair account (or sign-up for one before using the app). Its dashboard will give you the default login/logout actions, as well as allowing you to create a Betfair account. From the dashboard you can access your account and bets, see all the events you can bet on and two sections for InPlay Now Markets and InPlay Soon Markets – basically current games or soon to start ones that you can bet on while the game is still playing. For your account information you can see general info such as how many betfair points you have and discount commission, as well as details regarding your current wallets. You can have wallets in different currencies and for each you’ll see the amount deposited, how much of it can be used for betting, how much can it be withdrawn and lastly what is your current exposure (plus the maximum limit) for that currency. From your account you can also transfer funds between wallets.
The interesting part happens when you access the most important section of the app, the bets one. That’s what you’ve seen in the screenshot above and this is where you can place your bets with a simple tap. The top section will show you the event name you’ve selected and what market is part of (along with market status, start time and total amount in this market). You also have actions at the top to cancel all your unmatched bets, change the size of the bet (Betfair has a minimum of 2) and enable virtual prices. You can also see all the bets from that market, a chart with pricing fluctuations for bets and runner information (only for horse racing). Its interface uses a ladder system, as you can see well described in the image below:
Here’s a list of features that BetOnDroid has:
- Ladder interface. If you’re a novice in the betting area, here’s a little bit of mandatory Trivia: LAY bet means placing a bet that something won’t happen; BACK bet means placing a bet that something will happen; HEDGING/GREENUP means placing both lay and back bets on an event with the purpose of getting a profit no matter what the turnout of the event will be. From BetOnDroid’s interface you’ll be able to place both lay/back bets, you’ll see the suggested best ones for the market, all in a tabular view with color coding. This is designed in a manner that will help you act fast especially for inplay betting where time is of essence.
- One tap actions. From the bets interface you have ‘one tap’ actions that will let you place a bet with a single tap, cancel one or even hedge/greenup a bet.Quick actions on the list of bets in BetOnDroid
- Multiple wallets and markets. You have access to odds from the UK and Australian betting exchange markets. This means that you also have two wallets for your account, one in pounds (for UK) and another in Australian dollars. It’s also possible to transfer funds between these wallets.
- InPlay access. With BetOnDroid you have quick access to “Inplay now” and “Inplay soon” markets. Inplay means placing bets for a game/event that is currently taking place. The amount and type of bet will vary depending on the bets that were placed before the match and also that are currently placed. You can place any type of bet for an Inplay event, as long as someone else will match your bet.
- Runner info. For horse racing you will also see information regarding the horse that’s running. You’ll be able to see who’s the jockey, what’s the age/weight of the runner, how long ago the last race was, who is the trainer, what is the official rating and other details that you could use to decide on how to bet.
- Price info. You can enable virtual prices to be shown for betting and also see price charts for each market. Surely prices will vary depending on how many bets are placed in a direction, that’s why the price will fluctuate.
- Settings. BetOnDroid has various settings to improve your betting experience. You can choose to keep unmatched bets for inplay games, you can enable betfair starting price, you can enable confirmations for betting/cancelling/greening-up, set the refresh rate for prices (1 second by default) and various view settings (blink amount changes, set height for cells, highlight best bets). Lastly you can select what to view from the markets available.Multitude of options in BetOnDroid
- Free. BetOnDroid is free and doesn’t show any ads. It is one of the apps approved by Betfair and available in their directory. The app is also available on Google Play, however it only has read-only functionality in there as Google doesn’t allow real-betting apps in its market.
Conclusion
BetOnDroid is definitely a must for betting experts and novices. It can be downloaded for free however since the download isn’t offered directly via Google Play there’s an extra step you have to make to install it, enabling the installation of apps from Unknown Sources. To do so go to Menu -> Settings -> Applications and check the box marked “Unknown Sources“ (allow installation of apps from non-market sources). After that just download the .apk file and run it.
You can read more about this app on its official website at betondroid.com or download the .apk directly here: Download BetOnDroid
Name: BetOnDroid
Developer: BetOnDroid
Size: 1.6Mb
Package: BetOnDroid.apk
Version: 1.8.6
Last update: October 6, 2013
Price: Free
Developer: BetOnDroid
Size: 1.6Mb
Package: BetOnDroid.apk
Version: 1.8.6
Last update: October 6, 2013
Price: Free
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The perception that betting is a source of enrichment
It is probably the biggest mistake a beginner can make. Sports betting should be for recreational purposes, not for enrichment. The disappointment that you can only live from sports betting can lead not only to financial problems, but also to mental illnesses from which you will hardly be able to escape.
Lack of money management
Whether you are a beginner or an experienced punter in this field, money management is perhaps the most important aspect to consider. You need to develop your own betting strategy and follow it exactly even if the inevitable losing periods will occur along the way. Decide what percentage of your budget you are willing to bet on a single match, a day, or an entire week and do not give up on these limits under any circumstances.
The desire to recover losses
Is it good to play recovery? The best advice we offer bettors is to bet exactly as much as they can afford to lose. If you have exceeded the amount you can afford to lose on a given day, the most uninspired decision would be to continue betting in the hope of regaining what you have already lost. You risk going deeper into the losing series. Moreover, if you have already exceeded your budget for a certain day, with the money you lose the power to concentrate, and from the desire to recover what you lost, you risk losing even more.
Ignoring the rules imposed by the bookmaker
Before you actually start betting, it is advisable to first read the rules section of the bookmaker you have opened an account with. As an example, hockey bets differ from one bookmaker to another: some include match extensions, others do not include overtime. It is not necessary to read the entire rules section of the operator, but it is enough if you read carefully the rules regarding the sport you are going to bet on.
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Add a large number of events on the betting slip
Beginners tend to inventory all matches with relatively low odds and include them on a single betting slip. Indeed, treated separately, you can conclude that only by a miracle the favorites could not win. This is one of the disappointments that many bettors experience in the beginning.
Bets on your favorite team
Indeed, betting should be done for recreational purposes and apparently, betting on your favorite team could meet this condition. However, we recommend that before betting you also have an overview, apart from the subjectivism that derives from the support of the respective team. It is advisable to make an analysis of the match in advance and evaluate the possibilities of the favorite team to achieve the result you want to bet.
Purchasing so-called safe tips
There are countless such sites behind which people claim to have information about a match, or promote various strategies that can ensure a stable long-term income. Nothing more false. Our recommendation is to stay away from such sites and try as much as possible to adopt your own betting strategy based on analysis and intuition.
Betting without a prior analysis
Having the ability to place a bet just a click away, bettors sometimes tend to add predictions to the betting coupon only on the basis of a momentary instinct. Intuition plays an essential role in betting, but you don’t have to rely solely on intuition. Before placing a bet, make a prior analysis.
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Betting while drinking alcohol
You can place your bets and then go out with friends in town for a beer in a bar to watch the matches you bet on. The reverse, however, is not a very good strategy because while consuming alcoholic beverages, the power of concentration decreases. It is therefore to be avoided to make betting decisions in such a situation.
Indebtedness
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There is a lot of talk about certain levels of gambling addiction. If you end up in a situation where you owe it to yourself to gamble, you already have serious addiction problems. Always bet only an amount that you can afford to lose. Specifically, you only bet the amount that if you lose it will not have a major impact on you.