scalping same horse more than once

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chris6979
Posts: 2
Joined: Thu Apr 12, 2012 7:40 pm

This is probably a silly question, but I have tried to scalp the same horse twice in the same race and discovered that the trades cancelled each other out. Am I doing something wrong, or can this only be done once for each horse in the race?
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to75ne
Posts: 2439
Joined: Wed Apr 22, 2009 5:37 pm

sounds like you backed and layed at the same price.

for instance backed £x at 2.98 and at some point layed the same amount at the same odds 2.98. (or the other way round layed then backed)in short you scratched the trades.

which is exactly what you should do if the market does not go your way,or scratch a tick or two lower/higher for a small loss(once you hedge it).

ideally you hope to back at a price then lay a tick or so lower, but if it looks as if the price is not going to go down, you do what you done and scratch for no loss.

go to you tube and look at the trading videos in betangeltv site/page. you will soon see what i mean.

if you have been scratching that is not a bad thing to learn how to do. lots of people try this and fail miserably at scratching trades, so pat yourself on the back, because you done very well, you did not lose, you scratched for no loss. straight up well done. :)
chris6979
Posts: 2
Joined: Thu Apr 12, 2012 7:40 pm

many thanks to67ne, that seems obvious now, but I find it hard getting my head round all the numbers!
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