Hi Everyone
I am struggling to get to grips with making any profit on trading the horses
on small price movements.
What I do not understand is that how others seem too look for 1 ticket profit.
On the assumptions that we are working on `non-key`prices (e.g. 4.0),
If I place a £10 back bet a 2.5 for example and a £10.11 at 2.4 there will be a net loss (assuming 5% commission) of -0.40. Are these traders suggesting that is possible to look for a tick profit and cancel the trade before against you and avoiding 1 tick loss?
So in essence even If I cut losses at 1 tick and took profit a 1 ticket, in the end I would be losing money unless I was able to forecast price movement correctly at least 55% of the time - point at which I would be breaking even.
If I took 1 tick loss and 2 tick profit (at £10 back stake and £10.56 lay) There would be a net profit of £0.025. Which seems a `bad deal` in relation to how much skills it takes to get the direction of movement right!
Apart from laying at key prices, it is possible to make a profit on small price movements, 2-3 ticks?
