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What is sports trading software and why do we need it?

A Sports trading software is a third-party program that makes trading significantly easier for you. You can link them to exchanges like Betfair, and the instant you do so, you get important additional features. 

While you can trade without software, we recommend it because it gives you an extra edge. So, what is this extra edge it gives? That’s why TheTrader is here, to give you answers. Soon enough, you will see the importance and benefit of sports trading softwares. So, let’s get into it immediately. 

Real-time Odds

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Let’s face it, exchanges like Betfair have a somewhat old interface. It is quite understandable because developers are careful of the kind of changes they make to prevent people from losing money from UI problems. When you want to update odds, you have to constantly refresh the website.

Let’s face it, exchanges like Betfair have a somewhat old interface. It is quite understandable because developers are careful of the kind of changes they make to prevent people from losing money from UI problems. When you want to update odds, you have to constantly refresh the website. 

Refreshing is not a big deal, except it takes time. And sometimes, its repetitive nature can be frustrating, especially when trades are not moving in your favor. 

You can get past refreshing your trades with trading software because the application supplies you with real-time odds. By real-time odds, we mean odds that are updated in as low as 200 milliseconds. So there is no need for you to do any form of refreshing with a trading software because the software does everything for you. 

This comes in handy, especially for in-play traders. They are those individuals that need real-time odds the most. With trading software, you have the tool to stalk the markets for a perfect entry and exit. 

Additional Charts and Data

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Trading exchanges are designed to execute trades, so they like to keep it straightforward. Therefore, your access to additional charts and data for analysis is very limited within the exchange. However, what if we told you there was something you could use to get those extra charts you need? As you thought, the answer is trading software! 

An average trading software comes loaded to the brim with features that will facilitate extra analysis. You will find it on the software, ranging from simple charts to the most advanced ones for analysis. You also get several additions like trading ladders, comparison, etc. 

These charts are also real-time charts, and they are constantly updated. If you have difficulties with research before trading, this would be a game-changer for you. It significantly reduces how long you spend looking for information, as everything is found on the software. 

One-Click Betting

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Do you recall how you stalked a great trade, ready to get that near-perfect entry? And as you attempt to execute it, do you remember that you have filled out your bet slip and input the price and stake before you finally confirm the bet? And what happens to your near-perfect entry when you fill in those details? It is gone! Long gone, because the market would not wait for you. 

Do you know the solution to the time it takes for trade execution? One-click betting. And you don’t get this on a trading exchange; you need software with this feature. 

One-Click betting allows you to execute trades instantly with only one button click. Do you want to lay or back? Then hit the button and have your trades executed immediately. You are only one click away from the perfect entry with trading software. 

It is also the same for exits. You can exit your trades flawlessly with the click of a button. The software eliminates the need for unnecessary confirmations that can make you lose extra profits to sharp price movements. 

Multiple Markets at Once

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Do you recall moments when you are trying to stalk multiple trade opportunities? How do you go about it? Probably switching between pages very fast, right? Not that we have a problem with that, but it feels so crude. You are prone to missing movements and making mistakes if you do such. 

With trading software, you can monitor multiple markets side by side and on the same screen. Gone are the days when you had to switch between pages and windows.

Having such features will allow you to get good trades and eliminate distractions. You can zero your attention to only the markets you want to monitor. 

Wrap Up

You should know how well a trading software can positively impact your trading. These applications are especially good for new readers who find the processes of exchanges rather ambiguous and discouraging. A trading software might just be what you need for a better turn in your trading. 

 

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