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RacingTraders, BetTrader Evolution & KTM Trading

KTM Trading

KTM Trading is the parent company of RacingTraders and owners of the BetTrader suite of products. Founded in 2009 the owners are passionate about sports trading and all things Betfair.

Adam Todd — Founder of RacingTraders

Adam Todd founded RacingTraders in 2003, he first became involved in the financial markets at the age of 18. Starting with a bank of £200 and no knowledge of gambling on horses, Adam began trading the favourite's price on UK horseracing markets. He continued to trade full time on Betfair for the next three years, enjoying successful trading and steady profits. It was during this time that Adam founded RacingTraders and began developing BetTrader.

BetTrader

BetTrader was the first applciation to make use of the Betfair API allowing users to trade efficiently on the Betfair markets. It has undergone many revisions, continuiosly upgraded, and is now the most advanced Betfair sports API product on the market.

Betfair

Betfair is the world's largest Internet betting exchange. The company is based in Hammersmith in West London, England. Since Betfair was launched in June 2000 it has become the largest online betting company in the UK and the largest bet exchange in the world. Betfair claim to have over 2,000,000 clients and a turnover in excess of £50m/week.

A betting exchange allows punters (gamblers) to bet at odds set and requested by other punters rather than by a bookmaker. Members can make both 'Back' bets (normal bets on a selection to win) and 'Lay' bets (bets on the opposite side of the Back, against the selection), thereby eliminating the traditional bookmaker.

The Betfair interface can be seen as bearing a strong similarity to that of the Stock Exchange, with the 'back' and 'lay' options comparing to the buying and selling of derivatives. Indeed there are many professionals who play the Betfair market for profit, using purpose-designed software 'robots', in much the same way as a Stock market trader.