100K-Trader - Co.uk: All Rights Reserved
100K-Trader - Co.uk: All Rights Reserved
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© Betfair Trading by BetInfo24 2018
Disclaimer
You simply login each day and it gives you a list of all of the
qualifying horses that are going to drift in price during
running.
What is trading?
What is a LAY?
Before you trade you must understand what a LAY is. Basically ‘LAY’
means to ‘back against the horse’ When we LAY a horse we are
betting on it ‘Not to win’
Example of a trade
Here is a quick example of a simple trade. As you can see, there is a
profit next to every horse. This is called ‘Greening up’
We Back the same horse at 8 for £37.50 (If it wins we win £262.50)
1) A Betfair account. I’m sure will already have one but if not you
can click here now to get one.
Ok, hopefully you now have all of the above and are now ready to
make yourself an extra few quid.
The Strategy
Here is what we are going to do. We need to find 5 horses that will
drift in price in running. This means that the price will get higher
during the race.
We are going to Lay the horse (back against it, like in our previous
example0 just before the start of the race and then back the same
horse at a higher price during the race. We will set this up to
automatically trigger our bet and guarantee us a profit. This is where
our Bet Angel software comes in.
Now you might be thinking, ‘how do we know if the horse will drift in
price’, well this is the secret to my strategy. We are going to use a
sneaky little tool that not many people are aware of. If you go to the
racing Post website and click ‘cards’ then select a race, you will be
given a list of all the runners.
Now I want you to pay attention to the small boxes directly
underneath the horses name. I want you to click on the second box in
from the left. This will then bring up the horses recent form, like this:
This shows the horses last few runs, with the top one being its last
run. Now If you look at the column that says ‘RACE OUTCOME’ you
will notice that there is some nonsense that you probably don’t
understand. Not to worry, this is actually the name of the horse that
won that race, or it will be the runner up if the horse in question
finished 1st, but anyway, we are not interested in that. What we are
interested in is how this horse runs it’s races. Now here’s the trick! If
you hover your mouse over the writing in brackets (don’t click) then
a yellow box will appear with comments on how the horse ran this
race. Now this is what we will be looking at.
To make a good profit from this strategy we are looking for horses
that tend to run at the back of the field, or are pushed along early (in
other words, struggling). The idea of this system is to take advantage
of the price movements of horses we know will drift in price. If a
horse is coming last it will drift a bit.
So now we know how to use the yellow comment boxes to find our
horses, but there are a couple of rules and things to look out for. We
don’t want to be trawling through every horse in every race. So I have
broken it down a bit.
- Held up in rear
- Slow to start
- Slowly into stride
- Always in rear
- Dwelt
- Chased leaders
- Driven along
Ok, now you know what you are looking for you can start to search
for your horses. We are interested in the last 3 runs. Take a look at
the running comments and if you get the impression that this horse is
a slow starter or will run at the rear of the field or get pushed along
early, and the odds fit our criteria then you can mark it as a selection.
Here are the comments for the last 3 races this horse has run:
Look at the comments in the yellow boxes. This gives us a very clear
indication that this horse struggles but can come back to win. My
prediction here is that this horse will drift in running and then may
shorten again, by which time we will have already made our profit.
Follow this method and find 5 horses that you feel will drift in price.
Our aim is to get 4 out of 5 correct each day.
Once the race starts I set a back bet at 6.5 for £34 (potential win
£190)
Half way through the race my ‘back’ bet gets matched and now I am
‘greened up’
So if the horse loses, we win £50 from our LAY bet but lose £34 from
the back bet (£16 profit)
If the horse wins, we win £190 from our back bet but lose £175 from
our LAY bet (£15 profit)
With me?... Great!, you have completed the first half of the guide and
understand how to make a decent profit by laying certain horses and
then backing them at a higher price in running. Now its time for the
important stuff.
Good question….. In this half of the book we are going to cover our
‘Exit Strategy’. This is absolutely vital and any good trader will tell
you that you must have an exit strategy and don’t be afraid to take a
small loss.
This is the reason many traders fail. Instead of taking one on the chin
and trading out at a £20 loss, they let it run and hope the price moves
back in their favor. Sometimes it will but sometimes it won’t, and
they get hit with a BIG loss.
For example. We find a horse that fits our criteria. We LAY it at 6 and
set a back bet in running at 8, unfortunately for us, the horse has had
his Weetabix this morning and has taken a strong hold at the front.
Other horses start to drop off and the price is plunging. With our
‘Stop Loss’ set, if the price reaches say 4, then it will be triggered and
we will make a small loss on the race, not much harm is done.
If you just let the bet ride, hoping at some point your back bet would
get triggered but the horse romped home, then you would face a huge
loss. It really isn’t worth the risk.
This is where Racing Traders comes in, and this is why it’s imperative
that you download a copy, because not only is it a lot faster than the
Betfair interface, it will save you a ton of money and hassle. There’s a
vast amount of tools that you can use with Bet Angel, but we will just
stick to the basics.
All professional traders use software like Bet Angel. If you want that
extra edge then you need the professional tools.
Now that you have Racing Traders there are a few things you need to
do. First you must familiarize yourself with the software and
interface. They actually use something called the ladder interface.
Basically its just a different way of viewing the odds. It looks like
this…..
Don’t worry if you think it looks confusing, it’s really simple once you
get used to it.
There are actually a load of videos that teach you how to trade, but
for now just stick to our method.
Ok, this is going to be the last section of this book and I’m going to
show you our strategy. The profits we will make and a re-cap of the
bets.
5 Trades
4 Wins = £40
1 loss = -£10
Once you are comfortable with this there are 2 things you can do to
increase your profits.
Using an example like earlier in the book, here is what your bet
would look like (Bets with Stop Loss included)
Once the race starts I set a back bet at 8 for £37.50 (potential win
£262.50)
I also set a Stop Loss @ 4.8 for £62.50 (a guaranteed loss of £12.50 If
its Triggered)
You will find out that there are different outcomes you can leave
yourself with. Example. When setting your stop loss, do so for the
same amount as your original bet and if your Stop loss is triggered
then you will only lose money should the horse win, if it loses you
break even. Obviously if it does win then you will lose more money.
Using Racing Traders you can set this up automatically so that once
the race starts, your back bet will get triggered and you will make a
profit, or your Stop Loss will get triggered and you will make a loss.
But as we know from our research, our back bet will get matched
more times than our Stop Loss. In effect, we are placing an even
money bet that wins considerably more than 50%..... Now that my
friends is how you make a nice income from trading on Betfair.
So there you go…. Find 5 horses that you think will drift in price by
using the methods I taught you. Get Bet angel and a Betfair account
and your good to go!
As I have decided to give this system away for free, Im afraid I can’t
offer any support due to the amount of time it takes up.
However…..
http://100k-Trader.co.uk
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