Greyhound Markets - New Trader

[runningman]

Hi,

I've decided as I'm fairly new to trading I need as much practice as possible and have chosen the greyhound markets to start off with as there are so many during the day.

What I would like to know is how would you approach these markets? currently im am just concentrating on the favourite with an enhanced ladder setup and the market overview graph streaming alongside with the 3 shortest prices showing.

Im leaving it untill 3 minutes before the off due to the lack of volume then mainly scalping the gaps and how I feel the prices are going to move.

I've traded about 20 races today and havn't had a losing one 'although this defo must be an act of god' I know these markets are volitile but to be honest I like that.

Does anyone have expierence with these markets? do you wait for something to happen then react as your main strategy or try and manipulate?

Any advice would be much apprieciated:)

John

[Euler]

You sound pretty much on the right track, but I tend to get involved just two minutes out and often trade multiple runners at the same time.

[marqasa]

Do you trade with pictures Peter? I've seen greyhound markets being suspended a little early which has put me off them slightly!

[Euler]

I tend to nip in and out of the UK greyhounds and don't use pictures. I've never had a problem with early suspension to be honest.

The markets are small, £15-20k in liquidity but most contain a few clear cut opportunities and the huge number of races means even a little soon adds up over the course of a day, week and month.

[runningman]

Yeah definatley the amount of markets is one of the main reasons why I have been drawn to these. I'm a fairly new trader and am currently getting to trade three times as many markets as I would normally which I think is great for cutting my teeth:)

I've noticed money can come in around the three minute mark but this can depend on wether the particular race clashes with a horse racing market.

Just a couple of questions, firstly due to the amount of volume so close to the start of the race do you think the majority of volume comes from traders and not punters. And secondly do you pay any attention to opening odds from bookmakers and write ups in publications such as the racing post.

So far I've just been trading as I see it so to speak

John