Betfair graphs show the odds movement of an event. If many bettors back a team or a competitor, the betting odds will shorten and we profit by trading the trend. What about the final result of the game? Can Betfair graphs really predict the final outcome of an event? I believe so and I have a couple of examples to prove that.

My latest experience regarding predicting final results with the help of Betfair Graphs was the night of the Oscars 2010. A week ago I had posted in my sports blog an article where I did basic technical analysis on the Betfair graphs of popular nominations. Although most of the favorites won and was not that difficult predicting wins of The Hurt Locker and the like, what surprised even myself was my prediction on the Foreign Language Film category. To quote from my original article: "To be honest it is an [Academy] award where an outsider might surprise us all and take down the first place. I'm talking about El Secreto de Sus Ojos which although is in third position considering the betting odds, the betting graph seems promising. The White Ribbon's odds are drifting since the beginning of the betting and Un Prophete's odds do seem uneasy trending in a channel. A small bet on El Secreto de Sus Ojos might be worth the risk! The odds at the time paid 5 times the original bet. A nice win without knowing anything about the movie or the latest news! Just by simply looking at the Betfair graph.

The first race of Formula 1 this season is Bahrain Grand Prix and Vettel will be starting from the pole position right in front of the two Ferrari's. Formula 1 is a fascinating sport to be trading in Betfair for a change besides football or horse racing. Since each race consists of a 3-day event, there is plenty of time to trade the odds. At this time the odds pretty much reflect the qualification results with Sebastian Vettel posing as the favorite driver for the win tomorrow. What do the line graphs say though?

Vettel's Betfair odds experienced an uptrend from 7.0 up to 10.0 but due to the qualification outcome the odds dropped to 3.00 in a snap. Not much to make out from this graph.

These first articles at Trading Graphs are like an introduction and it feels like reinventing the wheel! While I admit I am a newbie at stock trading and have just opened an account with Interactive Brokers, I have tons of experience in another form of online trading, called Betfair trading. Although the general term is sports trading, Betfair is the leading sports exchange and due to their popularity, the term is known as Betfair trading nowadays. I have been a professional Betfair trader for a couple of years in the past, when I traded the horse racing betting markets in Betfair just like in stock trading.

To take a glimpse of a Betfair trading graph, here is a line graph of the betting odds of a favorite horse running in a UK horse race during last year.