| What I am going to outline over this
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| | reflect purely a historical paper-based
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| series of articles is a method that can
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| | assessment of a horses chances as viewed
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| be used successfully for trading horses
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| | by the bookmaker, but as the day wears on
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| on Betfair.
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| | "news" begins to move prices rapidly, and
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| I guarantee this method works and will
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| | as the horses start "going down" the
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| make you a profit with minimal financial
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| | action really takes off.
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| risk to your overall betting pot. If you
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| | Prices at 10/1 in the morning can be 5/1
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| stick rigidly to the rules!!
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| | or 20/1 by the time the horses are
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| I am going to have to make qualifying
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| | entering the stalls.
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| statements because if you don't stick
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| | This is where the experienced confident
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| carefully to the rules and instructions,
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| | trader can really scalp the market and
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| you will lose money over the long term.
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| | make guaranteed profits depending on
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| My qualifications are as below:
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| | their expertise.
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| + 5 years as a traditional horse racing
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| | Before you get carried away with this
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| punter (loser overall)
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| | information, beware!
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| + 2 years of Betfair punting breaking
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| | The real challenge in horse trading is as
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| even.
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| | always the crucial missing link in the
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| + 6 months using my finely tuned trading
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| | chain that other so-called "experts"
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| method (overall profit)
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| | always forget to tell you.
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| Why am I giving away this information,
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| | "knowing" which race and which horse
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| wont it affect my profits?
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| | price are going to move to a significant
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| I'm sure you've seen these sort of
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| | enough degree to cover the market spread
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| statements before on your own research
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| | and so allow you to trade.
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| into Betfair.
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| | Steaming is the movement of horse prices
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| There are betting systems galore
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| | downward. Drifting is the reverse.
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| presented on the internet. Everyone
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| | Movement of horse prices upwards.
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| claims their system is the only one that
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| | It is possible to trade in both
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| works.
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| | directions. Most professional traders
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| Surprisingly, the standard answer to this
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| | however look for steamers as this is
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| question for once is actually true, and I
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| | where you will get the greatest liquidity
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| will attempt to explain why.
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| | due to lack of backers on horses which
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| Similarly to the Stock Market trading or
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| | are drifting for obvious reasons.
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| scalping on Betfair relies totally on
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| | This is where most trading "advisors" and
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| liquidity and volatility or in layman's
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| | book writers and manuals leave you. Like
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| terms.CASH and NEWS!!
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| | most promises of wealth and success on
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| The more cash flowing through any
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| | the internet, there's hype more hype a
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| financial trading system the more bull
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| | little bit of advertising and then a tiny
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| and bear trends are followed and
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| | nugget of an idea at the end which has
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| therefore exaggerated. This in turn leads
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| | cost you £200.
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| to trends being more defined and longer
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| | Later I will be showing you exactly how I
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| lasting and so becoming easier to trade.
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| | go about looking for steamers that I can
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| With more cash attempting to trade these
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| | get on early enough to guarantee a
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| peaks and troughs bigger bets can be
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| | worthwhile profit for my efforts.
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| matched and so on and so forth.
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| | As you learn and refine your own trading
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| These systems are self perpetuating until
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| | style and expertise you will get a feel
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| the bubble created by buyers matching
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| | of your own for steamers. Everything else
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| sellers, in other words demand matching
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| | is academic and can be taught, the art of
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| supply, bursts!!
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| | finding a steamer and timing your trades
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| And what is the initial trigger for a
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| | is just something you develop and learn
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| trend up or down or a sharp change of
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| | by practice.
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| direction?
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| | Innovate, experiment, and learn by doing.
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| Well in the Stock Market there are a
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| | Take the pain of losing bets and always
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| variety of different factors, but
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| | ruminate, cogitate and digest the
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| ultimately the sharp price movements are
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| | information as to what went wrong and
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| all triggered by NEWS.
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| | why.
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| Okay, this news may come from a thousand
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| | This is the only way you will learn to
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| different sources ie profit warnings,
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| | identify steamers and trade them
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| changing fundamantals such as account
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| | effectively.
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| statements and balance sheets, movements
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| | FACT: The more people using these and any
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| of the related exchange index, all the
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| | other methods and systems on Betfair the
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| way down to things as spurious as
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| | better for everyone.
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| hurricane warnings, terror attacks and
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| | For every punter that I teach to win,
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| the interest rate.
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| | there will be a hundred others who will
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| Trading the Stock Market, it's extremely
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| | be using this and/or other systems.
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| difficult for the average punter to
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| | 90% of people attempting to learn and
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| follow these sources of news 24/7 and
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| | follow a system will ignore a lot of the
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| piece them together because they come
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| | rules and caveats, or won't be as good or
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| from so many different angles and by the
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| | determined as the top 10%.
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| time you hear about them the market is
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| | Therefore they will lose their money,
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| often already pricing in the news.
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| | which then in turn becomes available for
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| You are competing against multi billion
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| | you to win!!
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| pound corporations, banks and pension
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| | Let us get one thing straight about
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| funds, guys in the city who are paid huge
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| | Betfair:
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| sums to trade this information. Robots
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| | When you begin to win then the money you
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| and multi-million dollar auto-trading
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| | will receive is being taken from losing
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| computerized facilities compete for every
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| | punters.
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| penny.
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| | Betfair is just a MEDIUM, hence the
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| Unless you are sitting in a news
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| | phrase "EXCHANGE" that matches your money
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| conference with a laptop and wi-fi you
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| | directly with money from another punter
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| will never beat these markets.
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| | or punters with an opposing view about an
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| The news can happen at any time of day or
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| | event.
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| night meaning you can wake to find you've
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| | If you are backing an "event" to win then
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| missed an important piece of news and
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| | the money you are wagering is matched
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| your Stock has plummeted at opening time.
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| | against another who is "laying" the event
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| The reason Betfair is the perfect
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| | to lose.
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| "trading" medium is due to the massive
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| | To really understand Betfair trading we
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| volatility involved in horse racing, and
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| | need to understand the benefits of
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| enough liquidity around the top horses in
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| | liquidity and volatility to experienced
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| a race.
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| | traders, and to do this we will use an
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| A horse race is also a defined entity
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| | example of liquidity and volatility in
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| with prices starting the night before, a
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| | action in the Stock Market.
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| race start and a race end i.e. the Stock
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| | In my next article I will be looking at a
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| exists essentially for less than a day.
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| | recent FTSE 100 Stock situation to
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| The market is too volatile and
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| | demonstrate a perfect example of
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| unpredictable for the big players. It is
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| | volatility and liquidity in the Stock
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| a collection of small players like
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| | Market and how professional traders make
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| yourself pitting their wits against each
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| | easy money by disseminating vital news in
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| other and the system.
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| | advance of the market.
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| The racing prices given early in the day
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|
