Difficult to put my question across, but I'll try to explain clearly below.
Scenario: During a race in-play, you choose to back a horse at say 8's because there is a bit of build up in pressure on the back price. It slowly moves upto 2's. Its battling for the first place, struggles and the price drops back to 8. When I say drop back it shoots back.
Now I know you can place a stop loss at 8, but it doesn't get filled most of the time as the price moves so quickly.
Is there a trading tool or tactic you can use to get that order filled with a decent success rate.
Thanks in advance.
Steve.
Inplay horse drops in price quickly - stop loss
I'm reluctant to reply after a poster on another thread was basically slating "pros" for not helping anyone. (Which is complete BS). But here goes.......
Stop losses are not a good idea when betting on horse racing. There is a place for them. I use them on Football when I have a position open on match odds/2.5 markets and I am leaving them overnight. These markets move slowly and have massive liquidity.
The volatility of horse racing, especially in play means mostly your stop loss will be triggered prematurely at best, at worst the odds go right on by and you don't get matched at all.
My strategy for this kind of bet would be to back at 8's. Try to get my stake back at 4 or 3 and drip out the profit I have as the price drops. It is safer. Depending on your stake size, and your confidence you could take 1 or 2 ticks and play with the profit. I regularly turn £50 into several hundred this way.
Use the ladder for this and keep your eye out for big amounts of money asking for a price. A certain race at Christmas was a good example of this.
Hope this helps
Stop losses are not a good idea when betting on horse racing. There is a place for them. I use them on Football when I have a position open on match odds/2.5 markets and I am leaving them overnight. These markets move slowly and have massive liquidity.
The volatility of horse racing, especially in play means mostly your stop loss will be triggered prematurely at best, at worst the odds go right on by and you don't get matched at all.
My strategy for this kind of bet would be to back at 8's. Try to get my stake back at 4 or 3 and drip out the profit I have as the price drops. It is safer. Depending on your stake size, and your confidence you could take 1 or 2 ticks and play with the profit. I regularly turn £50 into several hundred this way.
Use the ladder for this and keep your eye out for big amounts of money asking for a price. A certain race at Christmas was a good example of this.
Hope this helps
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convoysur-2
- Posts: 1110
- Joined: Thu Jan 12, 2012 10:00 am
maybe in the wrong place ,
but what just happened at lingfield strong vigulance went to like .1.2 at the off. crazy money needed to do that ??
marc
but what just happened at lingfield strong vigulance went to like .1.2 at the off. crazy money needed to do that ??
marc