Betfair In Play Horse Racing Strategy
What are you trying to achieve with a Betfair In-Play horse racing strategy?
We need to answer this question first in order to understand how you would approach a Betfair in play horse racing strategy. I will delve in more detail into this as follows,
- Are you trying to scalp the Betfair market in play to gain a small profit with little risk? In other words you limit your time in the market.
- Are you trying to capitalise on large decimal odds movement swings with a back to lay Betfair strategy, this is probably due to a horse running well in the race. You could approach it in the opposite direction with a lay to back option for horses running badly.
- Finally are you trying to determine the winner of the race towards the final stages of the race where you are basically gambling on the outcome? The rapid fluctuating odds in the race can cause havoc and you would probably need automation software to execute this successfully.
We have now covered three approaches when looking at a Betfair in play horse racing strategy so this leads us onto the next question which one of the three is the best and secondly which one will produce long term profits.
My personal opinion is to be in the market the shortest time possible in play and scalp a few ticks for a small profit and not to do this as the race is entering its final stages. Trading in-play in horse racing markets over sprint distances of 5f and 6f does not leave any margin for error. I would even say this applies to races at 7f as well. Obviously jumps racing or its proper name national hunt racing allows more time to trade as races are over longer distances. You do however run the risk of your selections or horses falling at any point.
Rinse And Repeat Scalping
Now we have a clear Betfair in play horse racing strategy as outlined above we can perform many small scalping trades in a race and over a period of races the profits do mount up. You will need automation and one click trading software to achieve this.
Understanding Losses
Yes you will lose some and win some that is the nature of the beast it is that simple. Do not lose your head by letting your emotions run havoc. Keep calm and take a break when things start going wrong only come back to trading when you have acknowledged any mistakes you have made or quite simply the market went against you.