Advice please

[rendlrat]

Just before the off there are bets unmatched so the book is left exposed with losses on some of the runners. What is the recommended practice let it go in play and hope for the best or minimise the loss by spreading it accross the book.

[spreadbetting]

At the end of the day, over enough races, things should more or less balance out. But, and it's a big but, it all depends on how big those reds are and if you can handle any long runs waiting for things to balance out.

If you're new to this you should always accept those losses and red across the field. Protecting the bank, so you can live to play the next race, and being able to resist any temptation to go chasing a large loss is paramount early on.

Early on there'll always be a tendancy to let things run but it sets so many bad habits into your trading. The more experienced you get the more you can set your own levels as to what risks you can handle without any negative effect on the bank or your mindset.

[Euler]

If you want a consistent equity curve then you should take a profit or loss at the off. I think it helps with discipline as well. If you see a loss you might be tempted to let it go inplay in the hope of a pay off. Better to avoid that.

[JollyGreen]

If I have closing orders left then I generally change them to take SP as a last resort. I say that because I will sometimes make a judgement call and just get out manually. I have learned that going in play is not good for the ticker or the P&L!