Did You Know Most Betfair Markets Operate In A Range?
If you lay at odds of 4.00 your risk is lower than your reward over the short-term
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Most Betfair markets operate in a range. It can be a wide range or a tight range. The market may be volatile or mature.
Betfair Trading a market will often depend on the size of the price range. Tightly traded range? Ideal for scalping. It only moves a few ticks up or down in any direction. Laying at the bottom of the range and backing at the top in anticipation the price will remain static is a fairly safe strategy.
However, watch that the price doesn’t break outside the range. Remember your stop loss that I wrote about before?
A swing Betfair Trading approach for larger Betfair Trading ranges is usually more suitable for most Betfair Traders. Swing Betfair Trading differs to scalping. Instead of looking for 1 or 2 ticks, you may choose to trade to trade five or 10 ticks. Sometimes a lot more.
There are points in the Betfair odds system that we call “crossover points”. Odds such as 4.00 where the tick below is 3.95 (0.05 away) and the tick above is 4.10 (0.10 away). It often makes sense to lay at odds of 4.00 as your risk is lower than your reward over the short-term. Betfair Trading software can help you easily seize these opportunities.
The market often pauses at crossover points. Support and resistance can become imbalanced too, as lots of people are keen to place their lay bets. You might also see the market spike downwards if it breaks through a crossover point, as all of the layers close out of their positions.
From 1.01 to 2.00 one tick is equal to 0.01
From 2.02 to 3.00 on tick is equal to 0.02. Lay at 2 (0.2p in the pound)
From 3.05 to 4.00 one tick is equal to 0.05. Lay at 3 (0.5p in the pound)
From 4.1 to 6.0 one tick is equal to 0.1. Lay at 4 (1p in the pound)
From 6.2 to 10.0 one tick is equal to 0.2. Lay at 6 (2p in the pound)
In 2021 TradeHost traded 7,937 Betfair UK, IE & AU horse racing and greyhound markets.
In Q1, Q2 and Q3 of 2022 TradeHost is busier than ever and even more profitable with a whopping 16,960 Betfair markets traded.
All results for the 24,897 Betfair markets traded are here.
Stop being controlled by your emotions.
- After some wins you feel invincible
- After a loss you doubt yourself
- After more losses you want to give up
Balancing your emotions is the trick to control your emotions.