In horse racing, favourites attract a lot of money in the betting market.
When the price of a favourite gets really short, you tend to be forced into a betting decision based on whether you should back it to win or lay it to lose.
Backing to win is risky as at such a short price, you could risk a lot for a small return with a massive loss if it doesn’t win.
But placing a lay bet will mean you lose quite often as if the market is efficient, it should win quite often.
If you trade, however, you can take advantage of the short prices and this market indecision to make a profitable trade.
The problem with this is that each individual trade will only net a small profit, so you have to raise the stakes to a much more significant amount to get a decent profit.
In this video, I explain the process I go through to profit from markets with a lot of money and betting interest on the favourite.
If you want to modify your Bet Angel Guardian, there is an area of the forum packed full of examples to download: –
If you don’t have the best Betfair trading software available, download a free trial at: –
00:00 – Introduction
01:13 – What I do at the start of the day
02:21 – Trading favourites in horse racing markets
03:34 – What watching the parade ring is important
06:17 – Small prices mean large stakes
08:57 – The trading style I applied to this trade
10:05 – Summary
#betfairtrading #betting #horseracing
Vídeo Completo
bewarefalseprofits
Trainers do put hoods on horses even if not needed,
Thanks Peter for a great video, could you please do a video on the introduction of statistical analysis of the Horse racing market
everything looks so simple but reality is different if you want to win fair amounts you have to have decent stakes . Like everything in life some people are better at doing things and obviously your top of your game. Not everyone are going to have the same success or everyone would win ive tried and basically i am more better trying to find winners than taking small wins and you also you have to be more disciplined exchange betting.
"Good things come to people who wait, but better things come to those who go out and get them." —Anonymous
cheers peter great video 👍the only thing at risk is when betfair crashes😡 ,ive been stung a few times in early days of my trading ,best to have a plan B in place ,👍👍
If you're talking about Big stakes, why not be more aggressive, sweep the order book, deliberately trade into the waiting money, move the market.
The biggest risk to your £1k is betfair’s IT infrastructure stability… or lack of.