Hi all, continuing my trading education, I have been thinking of stop losses when trading football. Mainly, is there any point in them.
For example, If I place a back bet on Over 2.5 g at odds of 2.6 for £20 with a plan to get out after the odds drift to 3.2, i.e. no early goal; if I were to step a top loss at the 3.2 price, is it guaranteed to be taken or could there be a spike that jumps over that price and goes to 3.45.
Hope I'm making sense here. What I am trying to say is that I don't think stop losses are as guaranteed in football trading as they are in horse racing. Am I wrong?
It would nice to set up a load of automated football trades on a Saturday with appropriate stop losses that I felt sure would be taken and not expose me to losing more than I thought.
Any thought much appreciated.
Stop losses
It depends which way the odds are moving through the time decay
For example;
If backing overs the price will steadily drift unless there is a goal, therefore a stop loss could be used
If laying overs it would be fairly pointless as the market would move in your favour as the time decays but following a goal there would be a significant change in price and although the stop bet will always be triggered and placed it would often be left unmatched miles away from where the price is now trading at once the market reforms
For example;
If backing overs the price will steadily drift unless there is a goal, therefore a stop loss could be used
If laying overs it would be fairly pointless as the market would move in your favour as the time decays but following a goal there would be a significant change in price and although the stop bet will always be triggered and placed it would often be left unmatched miles away from where the price is now trading at once the market reforms