Betfair Trading Community is a website that allows Betfair traders to sign up and share advice and information on trading.
What does the product offer?
Betfair Trading Community claim to offer a number of benefits on joining their website. This includes a variety of things ranging from Video Tutorials to Strategies through to Competitions. Betfair Trading Community is quick to point out it is not a tipping service but says that you can learn a lot through peer support. The traders on Betfair Trading Community seem to cover a large variety of sports such as horse racing, football or tennis.
How does the product work?
As mentioned above most of the work in Betfair Trading Community is carried out by members. It essentially seems to be a forum with peer support and advice. The fundamental idea appears to be that as more users join the pool of knowledge increases and the system improves accordingly.
What is the initial investment?
Betfair Trading Community cost £3 for the first month and £7 per month after that. There is no mention of any money back but the creators point out that there is no contract so you can cancel any time you want.
What is the rate of return?
There is no quoted rate of return and due to the nature of Betfair Trading Community it is unlikely that you will ever be able to monetise what you get back. Because it is essentially a forum and the advice is coming from other people there are too many variables to even make an educated guess.
Betfair Trading Community is a good idea in theory, but I am left questioning who exactly is going to join. The big players in Betfair trading are unlikely to want to share their secrets and if they do it would surely be preferable for them to sell their methods as a complete product. Without any big fish in the pond something like this seems doomed from the start as without somebody who knows the market inside and out you are left with a lot of people who don’t necessarily know what they are doing trying to offer one another advice. I personally just don’t see what Betfair Trading Community can bring to the table that doesn’t already exist in the Betfair forums.