Many Betting Exchange Traders Trade Without A Stop Loss
Fancy a hedged profit of £2,029.70? Find out how when using BetTrader.
The JuiceStorm team built TradeHost for profitable automated trading and betting on Betfair in the UK, IE, AU and US horse racing markets. TradeHost Lite started in 2013 and is free forever.
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On a betting exchange if you risk a selection at 11.0 with a £10 stake, your profit could be £100. But the price then needs to come in to a point for you to lay the same selection at odds which would mean you can’t lose money whatever the outcome. To “green up” a second lay bet is needed. This is calculated by dividing the potential profit by the lay price. This figure is what you lay the selection at.
You will then see that all the selections in the event or market you’re on will turn green. Zero risk. So, whatever happens in the race, you will come out with a profit.
You could also figure out how much you need to stake in order to green up by dividing your return, if the selection were to win, by the lay odds. This is the sum you then need to lay. Simple maths but do you want to be bothered? Why risk getting it wrong?
Thankfully, BetTrader will do all this hard work for you! You may even reach the dizzy heights that our friend @BetfairClub did using BetTrader. A hedged profit of £2,029.70 as you can see below.
The challenge is, however, finding the right selection in the first place. More on that next week.
Use A Stop Loss
Many betting exchange traders trade without a stop loss. Really, on BetTrader, there is no excuse for this. It’s easy to set one. A stop loss is to protect you against a trade moving against you. It can be as many ticks below the current price as you like. I suggest that you activate a stop loss automatically on every trade you place. Alternatively, you may set it manually as and when you feel.
The value of a stop loss is that it closes out a position or trade automatically should the price move a number of ticks against you. Beginners on Betfair should use it every time. But traders of all levels of experience find it useful too.
In 2021 TradeHost traded 7,937 Betfair UK, IE, US & AU horse racing and greyhound markets.
2022 saw TradeHost become even more profitable with 22,698 Betfair markets traded.
2023 less markets were traded – 17,459 – but a with a similar profit to 2022.
All trades and bets were streamed live on JuiceStorm TV which was was watched by 124,209 traders in 2022.
All results for the 48,094 Betfair markets traded are here and the charts are here.
Top 100 Comments on JuiceStorm.com
Successful Betfair Traders have the simplest Betfair Trading systems. The difference is their selection process, experience and execution level. Get that difference for yourself with automated trading by TradeHost.
