Ianhski wrote: ↑Tue Feb 06, 2024 7:15 am
I hope this is easy and I have missed something obvious....
Been watching YT vids of correct score trading where the trader is using Betfair interface and as a score line comes in, they lay off three green or some of it, to lock in a profit but to reduce the liability exposure should it go wrong. Not trading out just pushing the profit along. Crucially this can be repeated as scores change.
Can Bet Angel do this more efficiently?
And in BF you can see the effect before committing, that too please.
I see lots of this kind of trading going on but it never makes sense to me.
If you're going to put up a bet with the intention to trade out for a reduced profit if things are going well, or a reduced loss if things are going badly, then why not just put up a lower stake to start with and let it roll? Not only would this save you a lot of manual intervention but in the long run the return should be better because every time you trade in or out you're giving away a little bit of expected value due to the spread.
Unless you have good reason to believe you have an edge, and therefore a positive expected value, you can expect to lose in the long run due to the spread and commission. There is no staking plan or trading system that will change this.