BetTrader, owned by RacingTraders Limited and created by Adam Todd (a trader notorious for his consistent profit making from trading Betfair in the early 2000s) is one of a number of Betfair trading software. They all come with the standard functions such as ladder interface and one click betting, but each one has their own unique selling points too. BetTraders works natively on both Mac and PC through a browser window so there’s very little set up to do. Just download, install and you’re ready to go.
How Does Betfair Trading Software Work?
Betfair trading software allows sports traders to see the full depth of the markets through ladder interfaces. This helps traders analyse markets much more effectively whilst also providing them with the edge of instant one click order placement and greening up when hedging a trade. RacingTrader’s trading software, BetTrader, provides a platform for novice users to seamlessly execute these functions.
If you’re new to sports trading and are not quite sure why traders use software then you may want to have a read of our Betfair Trading Software Overview.
What Do I Get with BetTrader?
The option of a monthly or one year’s subscription to the BetTrader trading software for Betfair. There is a full-feature 14-day free trial available. Users can also avail of a basic free version which works in grid mode only, however, this is very much a bare bones product and is next to useless if you’re looking to take your trading seriously.
What Features Does BetTrader offer?
Whilst it may not have as many features as it’s the two market leaders (Bet Angel and Geeks Toy) this is a software that is reliable and, because it’s works without any fuss on a Mac, it will appeal to Apple users. Below is a list of its main features and their functions:
Easy Mac Installation
Let’s start with the unique selling point of this software – It works on a Mac without any need to have any third-party complicated installing processes. This is a big edge that BetTrader has over it’s two biggest rivals, and it was a reason I subscribed to it even though I already had Bet Angel and Geeks Toy. If you’ve ever tried to install either of these on a Mac, or have read my reviews then you’ll know how much of an arduous process it is to install them.
All this hassle is negated by the fact that BetTrader works from your internet browser. So, it doesn’t matter what laptop or desktop you’re using – you can always access it by downloading the application, installing it and then just loading it up and logging in to it through your preferred browser.
Level of Customisation
In comparison to Bet Angel and Geeks Toy this has very little in the way of customisation options. That’s not necessarily a bad thing – it means that it is ready to go straight out of the box. Bet Angel and Geeks Toy do to, but I found myself endlessly playing with their customisation options to get the setting and display exactly as I wanted.
This is one of my favourite bits about BetTrader, though I do think it could be slightly improved. On Geeks Toy you have to mouse click and navigate through menus to find the market you’re looking for. On Bet Angel you have to return to Guardian to search for the market and then load it into Guardian and then open it up.
On BetTrader you just type in the search box what you’re looking for and it presents the markets related to it. So, you could type in ‘Man Utd Overs’ and it will bring up all listed markets on Betfair related to this.
However, my only issue with this is that it doesn’t display the results in any logical order. Staying with the above search term, I could click onto the Over 2.5s and it could display the Over 2.5s for Man Utd’s game next week first, rather than for their next game. So, instead you’d have to type in the opposing team too – ‘Man Utd Everton Overs’. It’s a small gripe, but I think it’s a valid one.
However, let’s not underestimate the importance of this feature whenever you’re in a rush to find a market and stick that trade on. Every second can count and this saves you vital ones.
Another nice little touch is the ‘Next Horse Race’ button which will take you directly to, well, the next horse race…
There is a full feature practice mode that can be switched on by an icon in the main menu side bar. This is a handy little feature as with Bet Angel and Geeks Toy you must log in and out to access this as a separate mode.
There is an option to avail of a free mode of the Sports Trading software, however, I’ve never actually tested this out. It may be of some use to beginners who want to trial what the software is like for longer than the 14-day free trial the company offer. But I imagine it might actually be a hindrance to your trading considering the two biggest drawbacks are that you can’t use the Ladder Interface and that it has a limited speed of data refreshes. This means you will receive slow price updates – which is fine for markets where the odds movement is not rapid and depends on an event happening (such as a goal in a football match). But for something like Pre-Race Horse Racing these two limitations make the free mode next to useless.
The BetTrader website has an extensive manual/training videos on how to use the software. They also run several courses a year in cities all over the UK, Ireland and Australia which are run by Tony Hargraves (also known as The Badger).
Pricing and Feature Differences
Pricing is £9.99 a month or £99 for the year – which equates to £8.25 a month and saves you over £20 a year. Both tiers offer the full featured packages.
The company previously only offered a 7-day free trial and in my opinion this was too short a time to decide whether you truly want to fully commit to any product or service. Thankfully they have now bumped this up to a 14-day free trial. The trial also gives users access to the full featured product.
BetTrader is a suitable software for any beginner trader due to its ease of use and its low cost. Personally, I find it slightly limited in that it doesn’t offer detailed customisation nor any form of automation but that does not mean it is a bad software. If these things are not important to you then it is more than suitable.
If you are on a Mac and don’t want the hassle of working out how to install Bet Angel or Geeks Toy on it then this will do the job without any fuss.
Do I need software to trade Betfair?
For some sports and markets you don’t necessarily need it but it does greatly help. If you were attempting to trade Horse Racing pre-race without specialised trading software then you would find it almost impossible.
Does BetTrader include a practice mode?