BETFAIR TRADING: THE HORSE RACING

Horse racing has been a favorite pastime since the ancient times. It is also the favorite contest of gamblers. And with BETFAIR it will also be viable for trading as well. Since globally one can find a race almost daily and the number of races is plenty, a trader can usually make plenty of trades a day. 

Because of the number of horses to worry about, horse racing is a bit tricky compared to team games. But this article will serve as a guide on how to go about trading on horse racing.

A trader can make a long term trade or make a quick trade in horse racing. With a long term trade one does not need a software application because speed is not essential.

First thing to do in a long term trade is to identify the races which show opportunities. An example of an opportunity is when a chart of a race shows that the price will go down over time. After identifying the race, one will then analyze the probability that this trade will win. Observing the strength and resistance points and the trend of the graph, one should be able to tell how strong a trade is. If a trader will find a race not having clear trends one will just move on to the next race. To limit liabilities one will be on the lookout for backing opportunities. What this entails is placing a back bet then wait for the odds to lower and then lay to equalize a profit. 

For the quick trade, the best time to trade is around ten minutes before the off. A trader should monitor the money flow, to watch for the prices whether it’s going higher or lower. One should follow the buildup of these positions and dip in ahead of them, to ride the price movement to a nice profit. However, one should also be wary of traders who would bet large amounts to create the illusion of a buildup. If one observes closely a trader can easily recognize a false buildup.

A profitable addition is to look for gaps in the bet system of a horse specifically two price increments between the lay side and the back side and then bet in between the two values. This will give the trader the control to both sides of the book leaving the trader with a small profit. This can be repeated until the market catches up. 

When it looks like the market is going against what a trader is hoping for, one should not hold on and hope that it will turn into a profit. A good trader should simply take the loss, learn from it and move on.