3 Simple Horse Racing Trading Strategies (for Betfair)

 3 Simple Horse Racing Trading Strategy (for Betfair).

Betfair offers some of the best trading opportunities in horse racing markets. To be extremely successful, you will only need a small average returns with so many races.

But where to begin?

It can be daunting at first but it won't get boring. I was instantly drawn to the development of profitable horse racing trading strategy. The huge amounts of money made could have had more to it, if I'm honest.

An average of PS10 per race is enough to cover 15-40 races per day.

It was not easy to create a variety of horse racing trading strategy. Although it was worth it, it was not easy.

In this post, I will give you the steps to develop your own horse racing trading strategy. It's important to realize that only one strategy will increase your success rate.

It also helps to reduce the overwhelming feeling new traders often experience.

It is possible to earn a steady side-income by mastering only one of these three skills.

Scaling Up Before You Start

A Quick Win with Backing to Lay

Swing trading a large price movementHorse racing trading strategies: 1. SCALPING Successfully Pre-Race

Scalping, a trading technique that makes small profits quickly and consistently, is not something you're familiar with.

Scalping can be a stressful business. Reticence can quickly reverse any gains. Sudden market changes could mean that several previous "scalps" that were successful, are quickly wiped out. But, quick execution can allow profitable traders to remain on top.

This is my favorite strategy among all horse racing trading strategies. It's easy to make small profits and it doesn't take a lot of market knowledge or bankroll. In my opinion, it's the best place to begin. How successful you are at scalping will depend on your discipline and how well you execute it. However, it is not always easy.

Do you find scalping frustrating

Chances are, you're either one of these:

You are operating in an unsafe setting

Poor response time (slow to react)

Executing poorly

Over-trading

Or all of it. The main problem for most people is discipline. I know this because I have been through it. But with proper stake management and patience it is possible. Following scalping success, my experience is that followers tend to have difficulty staying focused.

Why?

Because once you make money, there is an urge to apply it everywhere, to every race, to every situation. It won't work. This leads to over-trading. What Is Over-Trading, and How Can I Avoid It?

Over-Trading simply means that you trade too often. It is opening too many positions and/or trading too many races at once. Horse Racing trading has fine margins. If you over-trade, it can cause a loss of profit. But the good news? Doing the opposite can help you make more money.

Every trader who has worked in the industry knows that over-trading can be dangerous. Experienced traders understand how important it can be to avoid over-trading. 

Over-trading can be avoided by being aware of it. Awareness is key.

How do you know if your are over-trading?

One of these categories could be you

Technical Over-Trader : A trader who uses charts to justify opening a trade. They are using charts to justify what they have done and not to determine their strategy.

Trigger-Happy over-trader: This is basically when your self-worth is in doubt, usually due to poor recent form. Remember, Horse racing is a long-term game with lots of ups as well as downs. Doubting yourself can cause you to lose a lot of money by opening and closing trades too quickly. While one tick may seem small, it can be a significant loss if you open five trades at once. The Winning Tips on Betting Exchange Horse Racing