Trading On Thin AU Markets Profitably
Trading the Betfair Australia markets can be a challenge!
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A member asked me why we don’t always trade out on the Australian horse racing markets and I said I’d make a video so here it is.
You will note in the video in the BACK column that when the race finishes there are only two selections that end at 1000.
Other than those from the top we have prices at 2.4, 2.0, 12, 1.15, 3.1, 6.6 and 2.32.
The winner ended at 1.03.
When we lay a selection that is beaten it would be odd if we asked for a price worse than our entry – we would be making a losing market.
So, due to Betfair markets being so thin in Australia we have little choice but to keep the LAY open and not close the position with a BACK.
On a general note we will ALWAYS close the position if there is money available at the price we want.
An example of a market we had an interest in is Ipswich (AUS) 19th Jan InPlay in the AU R8 1350m Hcap which was due away at 07:10 UK.
6. River Rocket was a LAY and we hedged for a green book around 22 as we mentioned to JuiceStorm Trading members on Telegram
The trade was also seen on JuiceStorm TV because we broadcast live 24/7/365 and here is the video clip from that market below.
You will note that 1. Camp Rifle and 7. In Great Nic were also both LAYS in the same market but were not exited because there was simply no money available to BACK either better than 20 and 30 respectively at any time during the race. They both lost.
There is an opportunity here for, I would suggest, anyone in Australia that is watching the horse racing to provide more liquidity InPlay to grab the free money that my exits represent and lay them. But the Betfair InPlay horse racing markets are unlikely to change so we just work with what we have and make a profit most days.
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.