In-Play Market Changes
Most people I speak to believe that in-play trading on horse racing is getting tougher. The 'fast clickers' as I call them are a dying breed. These are the traders who simply back or lay the horse they think will win right at the end of the race for e.g. 1.05 or lay to small stakes at 26.00 - or whenever they are 'sure' the horse will win or lose...These guys are using SIS + Turf TV and their edge is being slowly eroded.
The problem is that now you have gangs of punters setting up at the racecourses with laptops or at least on the phone to their mates at home with the laptops - who are a second or two quicker than the satellite traders. Yet even the 'track traders' are competing with one another. This leads to people fighting for prices and value, which can only lead to everyone cutting each others throats - bar a few.
Backing at 1.05 becomes backing at 1.02 and laying at 26.00 becomes laying at 51.00. Soon the 'value' will be doing the opposite of the above - if it isn't already.
This is why you have to adapt in any market. I have changed the way I trade at least twice in the last few years. I am now forced to take more of a view earlier on in a race and / or do the opposite of what I think everyone else is doing! Luckily I think I have a strategy that is sustainable now for many years to come.
Yesterday's trading account is set out below. My biggest stake used was a cautious £50.00 and my liability was never more than £60.00-£80.00 for any significant length of time.
posted by Betting Exchange Trader
