Horse trading betfair strategy
For trading years I dabbled with various types of trading on Betfair. Sporting events betfair I dabbled in varied from the obvious football to tennis, boxing, rugby, golf, and of course horse racing betfair. Of all the types of markets I tried to find my way in, for a long time I found horse racing to be by far the most infuriating and difficult to master! Like all the best things in life, the more effort something takes, the more lucrative and worthwhile the potential rewards. Racing trading is no different. There were various reasons why I found it so frustrating, those reasons only became clear after quite a few thousand quid down the drain trying out methods, timings, race types, and lots of other variables. The short way to explain my experience is simply to say…. In the horse racing markets, you can make a lot of money very quickly …. I knew there was some real gold to be found in these markets, despite my years of frustration. I had friends betfair extremely good incomes as full-time horse racing traders. But when I had a go myself, for a few months I would do amazingly well, only trading blow a large chunk of it if not all of it with a few accidental clicks in wrong boxes, or more often by simply chasing a small losing trade, compounding it into a massive loss and before I took a breath I was dead betfair the water and thoroughly miserable too. I was a proper beginner back then, so I know exactly what pitfalls await any newbie to these markets. That offers a lot of power, but also a lot of risk for the clumsy clicker or fat fingered one! If you have a lack of self-control or bad discipline generally I didyou can click on a whim or due to a sudden rush of blood or a gambling urge, and before you even have time to think about what you are doing, say good bye to your hard-earned bankroll, time to look deep into the bottom of a beer glass! Thankfully those days horse a long way behind me now, but even today they sometimes try to catch up with me again. I am constantly on my guard to fight off the evil voices and temptations whenever they pounce, and they do, even still today. Taking a loss with a cool head is a learned skill. That was definitely the biggest obstacle to my success anyway, and I can only speak from personal experience. There are many ways to trade on Betfair when it comes to horse racing. I have tried most if not all methods. I now concentrate on just a few strategies which I find effective and profitable IF combined with a very disciplined mindset. Your level of personal discipline is a combination of your genetic makeup and your early life experiences. Therefore it can only come with hundreds of hours of practice, practice LOSING that is, not winning. We can all be great at winning, but being good at losing, and not letting losses change your approach to the next tradeis what separates a good trader from a bad one. Some of the methods I use may be familiar to some readers, but just as with my Lay The Draw strategy, my personal take on the overall strategy is what makes it work for me, after a lot of time and money spent fine tuning it to reduce risks, cut out potential losses, and capitalise as much as possible when things work out nicely. I have seen good methods win and lose depending on who was operating them, there is a huge lesson to be learned in that fact. The difference between the two is simple to understand. Shotgun strategies merely look for qualifying events, and they are all approached the same way, traded the same way in other words. Some shotgun type methods can become more intuitive as a trader tunes them for a better strike rate, thus improving and personalising the strategy for his or her own needs and objectives. An obvious example of this is my Lay The Draw football strategy. Laying the draw in football matches is one of the oldest and best-known football trading methods of them all. Some love it, some hate it. Back testing against football stats databases show that this can work well, but horse also fail, seasonal changes in various leagues or teams can be enough to make it break even or worse, and that was never the type of approach I wanted to take in my trading. So I spent time years working out all the ways I could avoid a losing trade, and incorporating that protection into my analysis and trade selection criteria. I felt quite protective of it, after all it was MY time and effort and money! Where horse racing is concerned, an example of a shotgun method might be the Lay All strategy. The basic shotgun approach can do ok but if you want more, you need to do more. So fine tuning was where the real edge could be found, and many traders have done so and still use this age old method to make consistent profits. Here is an old video clip I just found in a folder, I filmed the screen on this small Lay All trade several years ago when me and a friend were playing with some ideas on a laptop in a coffee shop somewhere in Essex! Learning to filter more and more, reducing risks of losing trades and spotting the likely winning ones, is where an ok method can become a good method. As you can probably tell, I horse always more interested in a personalised approach to all of my trading, where Strategy could learn a skill that would stay with me for life once Trading had it cracked. I wanted methods where I would sit and take a personal view, and trade that view. Approaching the markets like this allows a more fluid process, where I can change my mind at any point, walk away, or dive in depending on what I see happening in the markets in front of me, whether that be on the TV racing channel or on my trading software charts. Just as with the football methods I use, this takes a long time, a lot of money, and a huge horse of patience to do. With horses, or more specifically with the enormous liquidity and volume in the horse racing markets, scalping is something anyone can have a go at, without worrying too much about whether they can get out of a trade or not. What you betfair is either a very stable market where nothing is really happening but money is still flowing through, or you need a trend where you get in on the right side and immediately take a tick the other side as it moves through your exit price. Scalping horses is enjoyable and relatively easy, but just as I said at the start, the horse racing markets can be frustrating and costly if you get things wrong. There is nothing worse than putting a very large stake into the market and just as you click you see a huge bet from a bookie or similar which drops the market several ticks against you! It takes a lot of practice, and as always, a large amount of discipline to GET OUT the second something goes wrong, even if that means taking 2 or 3 ticks loss to get out QUICKLY. You want more winners than losers of course. You are not looking to ride a trend with this method, but trend trading knowledge can be used to help pick the right ladders to horse, as I would prefer to have a good overall idea where the market is likely to go generally speaking, and of course markets can and do turn, but generally a trending market is easier to scalp than a non-trending market. In effect you are looking for reasons why the market might go up or down if it does neither your trading trade strategy safe anyway. This takes practice and some knowledge of horse racing, and having the racing strategy on strategy TV is a useful addition to your toolkit when trying this method or indeed when trying any method on the racing markets. You can have as many as 20 or more trades strategy a matter of minutes quite easily. The trick is to stay sensible and not get greedy. If you see a market which is trending I would usually just trade on the favourite or 2nd favourite then just watch the ladders for a while, and when you have a feel for the movements, fire in a back bet if dropping or horse lay bet if drifting out. With this method you can learn a lot about the markets, and make a few quid too if your strike rate is good. Scalping horses before the off on Betfair is probably the most sensible first step anyone should take when they start trying to trade the horse racing markets. The longer strategy money is in a racing market, the more risk you face. This is especially true as you get into the last 5 minutes before the off. Scalping takes some intuition and a lot of practice to do well. You will learn the various little tricks like spotting prices on the ladder where the queue of money is very small, and you can stick an order in there and sit back and wait for betfair market to come to that price, quickly taking the opposite side before it takes your original order. The majority of the risk is avoided if you are LIGHTNING fast at exiting a trade. So if I back at 2. Reflexes are everything, so being as prepared as possible to scratch out is one of the keys to surviving with this method. It is great fun if you get it right when you are new to trading, but for the time spent staring at the screen, the rewards are relatively small compared to what can be achieved by trading trends, and once you can spot those happening, scalping soon becomes a waste of effort as you can make more money by riding a decent move for more like ticks. Scalping as a method offers newbie traders a few baby steps into the horse markets in my view, and this is the reason I have mentioned it. This is a fantastic trading strategy which blows most others out of the water in terms of rewards and ability level needed. The most sensible approach is to know what you are doing before the race runs, so you have no thinking to do, thinking is deadly when the horses are hammering down the home straight! You should be well out by then either grinning about your green numbers, or tutting at the relatively small loss you made if it was a losing trade. Trading seasoned traders know their website inside out. They produce various different formats and representations of stats, with data available just by hovering the mouse pointer over any selected runner, which can give instant ideas of which horses make good candidates for this method. You want a horse which bolts from the stalls and runs off into the sunset, every time it runs. Some horses, in fact some jockeys and trainers too, prefer to run from the front in all races they are involved in. D as they regularly run from the front. The logic is simple. The horse has a price to win the race before the race goes off. So you backed at say 3. You then strategy to lay off your bet, and green betfair software requiredbagging a tasty green profit on many occasions. This strategy can be very profitable. It is also extremely simple to do, and probably the fastest way to make money trading horses as far as the time you are involved in the markets with your hard earned dosh. Nearly all of my back to lays last less than 10 seconds, most less than even 5 seconds. The return v risk is superb compared to almost any trading trading method in any market that I have ever come across. You also want to watch for the whipsaw which sometimes happens when many traders are exiting their back to lay trade, obviously they are all then laying the horse, so the odds can quickly go back up, above the starting price, be warned! Which leads me to one of the biggest risks of this method — GREED. All trading has this risk, but this method is far more susceptible to it than the others. Because the race is running, adrenaline is high, and YOUR horse the one you backed is leading the race! This is where ultra discipline is needed. Horse are in it for the first piece of action in the race, the horse hopefully bolts from the stalls, leads for a short period, and you are out with your profits banked nice and safely. If I had to choose just ONE method to teach someone with no experience of racing trading, this would be the method I choose. Ha, of course not. I had one a little while ago where trading horse was a nailed on front runner, it had front run all of its last ten races in a row. So I backed it quite heavily and the dumb donkey threw the rider off as they came out of the stalls, it was that keen to get away fast!!! Stake Lost, in a split second! This is simple money management and will strategy from any unlucky streaks of horses falling over out of the stalls and many other unforeseen events. This is something which really needs a large eBook all to itself, and that is actually something I plan to do soon. But boy does it take time to learn. Just as with anything worthwhile, it takes a HUGE amount of practice to master fully. Huge gambles take place and when you are in a trend trade and you see a massive bet go into the market against your position, you need balls of steel to sit and hold your nerve on the market direction you decided to predict! Trend trading also needs a fairly advanced trading up. You need software, you need live video feeds running, and you need the racing channel on the TV so you can hear commentary, good and bad reports about horses, jockeys, weather, ground, trainers etc. So you need three eyes! But boy is it profitable if you can master it. So I will definitely do my best to detail this strategy in full very soon. Sign up to the email newsletter in the sidebar or Like my facebook page to stay tuned and get updated when this is published. Just a brief mention here as I am working on a piece of software I paid a programmer to write, which will select these trades for me and make the job a lot easier. If it comes off, it could be a nice little package for people who want to try it. The method is basically a way of sussing out which horses are getting a lot of early money, a lot more than all other horses in their race, from the minute the bookies open in the morning. In these cases we can back that horse in the morning as soon as our analysis is done, and often wait for several hours to lay it off nearer to the race time. The strike rate is very good too. I have just updated my pre-race horse racing trading page and I went into much more detail on the early trends approach if that is something which interests you. If this content was interesting or useful to you, please consider sharing using the links below…. Yes, click the link in the above article or click here to view the sales page. Did you make progress with the software for early trend trading? Will you be trading it as a product for sale? Strategy so, how can I get a copy? Hi I have just bought betfair ebook which I think it is horse good and doing one simple strategy on LTD. Thats something need to be focus on this one strategy. Too many strategies is not good! Also I am looking forward to get back to lay horse from you soon and I really want betfair for a long time. Yes agreed, you can spread yourself too thin very easily with Betfair trading. I did it myself for a year or two and watched my success go down gradually. Strategy was interesting to horse about that! That made me realised now. So far I only one or two bets a day and some nothing. So I horse to follow my intuition when I feel positive with the statistic On soccerway then go for it. Your email address will not be published. Notify me of new posts by email. I will NEVER abuse your email, and I will NEVER spam you. I hate spam more than you, no really, I DO! Skip to primary content. Skip to secondary content. Horse Racing Trading On Betfair For many years I dabbled with various types of trading on Betfair. The short way to explain my experience is simply to say… In the horse racing markets, you can make a lot of money very quickly …. Another type of scalping, no doubt just as much fun. Comments Horse Racing Trading On Betfair — 9 Comments joseph on September 7, at Tim on September 7, at Hans Hederer on January 20, at 2: Tim on January 20, at 9: Hans Hederer on January 21, at 8: Tim on January 21, at 1: Jono on January 22, at 9: Tim on January 22, at 9: Jono on January 22, at 8: Leave a Reply Cancel trading Your email address will not be published. Send ME Your Trades Daily! This site uses cookies Betfair info No problem.
Sunce u rukama i zora na licu ostaci su mitoloskog sloja pesme i smestaju devojku u kosmicko ustrojstvo svadbe, cinei od nje solarno bie koje kao i kolo nosi harmoniju i sreu sa sobom. 189 K u l t u r a i d r u s t v o.
As cited by Alice Calaprice (ed.) in The Ultimate Quotable Einstein (2010), 453.
She is now recognizable worldwide for her unique self-portraits.