Fair enough, I'm familiar with that strategy. What criteria are you using to pick the outsiders in the first place? Industry tips or analysing the market?redlinesman wrote:Hi Kong,
We only deal in races of a certain stature because these are the races which have sufficient volume for the money we want to trade. We might go 4/5k on a 25/1 shot pre-event so we need sufficient liquidity in the exchange market to trade out. We also need the market to be sufficiently strong anyway so we can get the money we want on. Getting a few grand on isn't easy and it needs planning if you are not going to move the market pretty quickly.
We have a variety of methods and it depends on our final opinion on which way we play it. We will often green up but on certain races we take a free bet. An example of a free bet was a few weeks ago on a horse called Bertiewhittle at Ascot. We played large at odds of 25/1 & 20/1 and traded out for a free bet at 12/1,13/1,14/1 on the day of the race. If Bertiewhittle had won we would of got around 50k out of it but the horse just failed to get up with a late run. We did some in running trades and still managed to make some nice profit from the race.
Kind Regards,
Sir Linesman
In my experience its a very low strike rate, have you actually hit a winner yet? You mention 25/1 to 12/1, thats a big swing but if you green it its only an even money winner, which is nothing compared to the money the free bet part of the trade could bring in. Many losers?
Do you trade cross-platform or are you locked into Betfair? Betdaq has gained a lot of ground recently, and will benefit even further once Ladbrokes are fully integrated, plenty of opportunities to come!
