As the titel suggests im new to betting on horses. I have been succesful mainly trading the Under/Over Markest accross quite a few football leagues but want to trade horses during the day when there is no football. Ive been backing to lay the top three (with little reseacrh into the horses themselves). Back then lay in running at half the price. Ive used micro stakes. Ive been doing this in hurdle and chase races but am looking for advice.
1. Help with some terminology if possible. In the following link what does OR, Eq and BSP/ISP +/- stand for. http://form.timeform.betfair.com/horse? ... 1.00299755
2.Does anyone know how timeform calculates the "inplay high/low" for previous races the horse has run in. I cant imagine it uses any price available throughout the race for this calculation as in the the finishing seconds of a race all prices of horses not within a noses length would be very high. That would make the data useless for trying to indetify horses that drifted in the race.
3. I can see how backing to lay works on hurdle and chase races but what are the recomended methods for trading flats? the odds never seem to drift untill the end of the race so getting bets matched on anything other than the winner seems impossible.
4.Are the Australian and US markets always so thin on volume. If so then why?. Ive noticed that even the bet inplay markets are thin.
Thank you for taking the time to read this
New to Horses
To do your answers in order
Q1
OR = Official Rating, higher the better
EQ = Equipment used, Cheek pieces, tongue tie etc
BSP = Betfair Starting Price
ISP = Industry Starting price
=/- = The percentage difference between the two, Green means betfair is a higher SP and Red means Betfair was lower than the Industry
Q2
The in-play low of the losing horses is calculated by the lowest odds a minimum of £100 was matched at, all the losing horses will show a high of 1000.1
The winners in-play high is also the odds which a minimum of £100 was matched at and will always show a low of 1.01
Q3
There is just as many ways to trade flat in running's as there is NH, Back to lays still work on the flat your generally looking for an established known front running horse and/or those with a draw from a good stall number. Yes the odds do move faster but there is still plenty of time to get some trades in and out.
Q4
Yes apart form the odd few major races the liquidity outside the UK racing is often poor & US races dont go in play (except for 1 or 2 meets there currently trialing) neither have the following it has in the UK so attracts less money in general.
Q1
OR = Official Rating, higher the better
EQ = Equipment used, Cheek pieces, tongue tie etc
BSP = Betfair Starting Price
ISP = Industry Starting price
=/- = The percentage difference between the two, Green means betfair is a higher SP and Red means Betfair was lower than the Industry
Q2
The in-play low of the losing horses is calculated by the lowest odds a minimum of £100 was matched at, all the losing horses will show a high of 1000.1
The winners in-play high is also the odds which a minimum of £100 was matched at and will always show a low of 1.01
Q3
There is just as many ways to trade flat in running's as there is NH, Back to lays still work on the flat your generally looking for an established known front running horse and/or those with a draw from a good stall number. Yes the odds do move faster but there is still plenty of time to get some trades in and out.
Q4
Yes apart form the odd few major races the liquidity outside the UK racing is often poor & US races dont go in play (except for 1 or 2 meets there currently trialing) neither have the following it has in the UK so attracts less money in general.