Favs

[aharris81]

Do the majority if pro traders trade on just the fav or on the higher priced 2nd, 3rd etc.

Some of these move massively, just wanted to gather thoughts on this, I can see losses would be significantly greater too

[tweebie1999]

The favourite is where most money is so it is easiest to get matched. However in some races the favourite is just about untradeable as it moves all over the place. I try and stick to races where the favourite is over 4 and there are more than 8 runners. These races tend to be more stable and easier to trade.

[steven1976]

Im sure there are a few pros trading much bigger odds. You can quite easily trade higher odds if you are just trading the numbers but if you are trading higher odds with a small bank then your bank can soon be exposed and out of cash if you are not sure on what is happening short term.

[spreadbetting]

Im sure there are a few pros trading much bigger odds. You can quite easily trade higher odds if you are just trading the numbers but if you are trading higher odds with a small bank then your bank can soon be exposed and out of cash if you are not sure on what is happening short term.

If you're backing first it should be no different to trading any other runners exposure wise. One of the problems with laying first is newbies are always happier to let one red run in a sea of green when things go wrong, whereas one green in a sea of red from backing isn't as attractive and people tend to spread any loss.

[steven1976]

You need to time your lay bet though. I very much doubt if you put 20 quid on a 30/1 shot and wait for it to get matched and then enter your lay bet just below you are going to have much chance of getting matched on the other side.

[steven1976]

Actually, be a good test for those who think the markets are random to try that. Enter 10 quid at 30s on 10 races in a row. See how many suddenly turn in your favour I guess you will soon learn there are pros or at least pros bots trading higher odds

[spreadbetting]

You need to time your lay bet though. I very much doubt if you put 20 quid on a 30/1 shot and wait for it to get matched and then enter your lay bet just below you are going to have much chance of getting matched on the other side.

Thousands are traded at higher odds, you won't have any trouble closing a £20 bet. Even x-matching will nibble away at it if you're top price.

[steven1976]

Closing is not a problem, but closing at a profit may be. I think it is a dangerous game if you were to back at high odds and wait to be matched and then put in your opposite trade preoff no matter how many thousands have been traded at them odds.

I think most trades would end like this.

http://www.youtube.com/watch?v=YHM9-JOQgcY

Note: I have done this in practice mode but i feel most trades would end like this.

[spreadbetting]

Not sure backing a horse that was drifting on course is the best way to make money on the outsiders.

At the end of the day if you do your homework outsiders can come in the same as they can drift, £20 isn't going to block a market move up or down. Throwing money into the market without any basis of which way it's going to move is a sure fire way to lose money.

I'm not sure why you assume most trades would end like that? Are you saying most would drift or just most would go against you because you'd put £20 into the market or for some unknown reason?