Scalping

[CraigM]

Good Afternoon!

I'm fairly new to the trading side of betting and have been watching endless amounts of videos on-line to get my head around how the markets move and I'm going to have a go at scalping pre-off races as my 'walk before I can run' step.

Could someone confirm if I'm on the right track with this?

Look for runners that are fairly flat on the markets, and with most of the money in a fairly tight range.

Observe the other runners to judge the direction the chosen runner is likely to go.

Place a back/lay with 'offset with greening' turned on at 1 tick intervals.

Continue untill a few seconds before the off and close all trades.

^^ Repeat infinite number of times

Or have a missed something crucial?

Also is it safe to assume that if the market begins to drift out from the range where most of the money currently is; it is likely to come back in? and vice versa

Many thanks

[hilly2908]

Hi
Everything you have said is pretty much bang on the mark, so if you can stick to what you have said and stay disaplined you should do ok. As for the price moving out of its current solid range - it may or may not come back in and there are a number of factors that will determin if this is going to happen and its only by keeping a eye on all the other runners and understand whats going on at that moment in time in the overall market that you can make a judgement call as to weather or not it is likely to return or not thats where only hours and hours and hours and hours of studing the markets and gaining experience can help you make that desision with a degree of acuracy.

Hope that helps and best of luck

Regards
Andy

[CraigM]

Thanks for the reply,

I'm going to have a go on the 13:50 @Kelso as there is a fairly steady runner, and judging by the movements on the others, i would expect it to stay around where it is.

Thanks again!

[hilly2908]

Hi
Generally though by no means set in stone the best races for scalping are competative ones which have 3 or more similar priced runners say between 4.0 and 6.0 rarely will one of these drift or steam dramatically outside its formed range.

Regards
Andy

[steven1976]

From personal experience, if you are not from a horse background, there are easier sports to scalp.

[Euler]

Scalping is a much harder thing to do on racing now, but it's a simple strategy to start with. Like the above post try on different sports to get a feel for it.

There are so many strategies you can pursue just go through a variety of them until you find a sport and strategy you enjoy and are good at.

[flipper32]

From what time pre-race scalping is much harder?Can pre-race horse scalping still be a full-time business?

[steven1976]

I imagine it can be profitable. Not sure it can be easier at any specific times before the off though?

A suggestion to get a feel for what is happening would be to randomly offer money 1 tick above best back price in a tight spread for say 5 pounds on a price around 10s at random times before the off. Do nothing else other than let the 5 pound be taken and make a note of how many times the immediate price goes in your favour or against you. Not in 30 seconds but only the immediate next movement. You can also try this by laying. Repeat it a number of times on various races on various days.

I have a feeling it will give you an answer as to why people say the markets on horses are difficult for scalping. If however it matches and goes in your favour 90% of the time of the time and you start backing at 10.5 and lay at 10s and make a killing, give me a mention in your book!