What's wrong with this strategy to make money?

[myleslast]

Hello everyone,
I am learning to scalp and I must say, I am steadily picking up a lot of good information. I would however need some clarification on greening up and please correct me if I am wrong at any point in time.

Let's take this scenario. The odds are dropping and I have already made a back bet that has been matched, do I need to wait for my lay bet to get matched as well, considering I can just green up and take the profits.

Someone please tell me if I am missing something here because it seems the entire concept of scalping is to gain as much control as possible and I definitely think that getting only one bet matched and greening up immediately you're in a profitable position is more controllable than waiting for the second bet (which will result in two bets, back and lay) to get matched.

I'm sorry if this is a stupid question and I am pretty sure I'm missing something here because I haven't seen anyone consider this for all the number of weeks I have been learning trading. Help me clear my confusion.

[jjrrjj]

If you have placed a back bet and you 'green up' you are essentially placing a lay bet,but the software does it for you..

Unless I am misunderstanding what you mean.

[myleslast]

Oh ok. That makes sense. So I guess the lay bet is placed at the best available market price and the trade concluded. Thanks. That was a lot simpler than I thought.

I tried it again and read through the Log and the software had made a Lay bet exactly as you said. Thanks so much

[spreadbetting]

Hello everyone,
I am learning to scalp and I must say, I am steadily picking up a lot of good information. I would however need some clarification on greening up and please correct me if I am wrong at any point in time.

Let's take this scenario. The odds are dropping and I have already made a back bet that has been matched, do I need to wait for my lay bet to get matched as well, considering I can just green up and take the profits.

If you know the odds are dropping why are you scalping? I'm not criticising you, just wondering why you're learning to scalp rather than trying to ride the swings of any moves you're identifying. Even though scalping appears simple, because you'll have lots of wins, it's very hard to make long term profits and generally involves looking for static markets or taking advantage of 'noise' within the market.