Morning all.
Have decided to set up a sports trading thread. I trade pre race odds on the horses using the betfair exchange.
This is a scalping method. I'm only looking to make 1 tick per trade,. But you can trade the same horse multiple times before the race does.
Most important rule: ALL BETS ARE CLOSED BEFORE THE START OF THE RACE.
For this thread, I'm going to start a bank of £100.
Firstly, a look at the program I use to trade the betfair exchange. As you'll see its some what different from the website, and gives you a lot more information to help you with making trading decisions.
As you can see, theres not much happening right now, the first race of the day insist off until 14.10. The prices start to move in the last 15 minutes with most of the action happening in the last 5 minutes as regular bookies stay to lay off their exposure into the exchange.
I#'ll be back after lunch to to trade this first race.
Have decided to set up a sports trading thread. I trade pre race odds on the horses using the betfair exchange.
This is a scalping method. I'm only looking to make 1 tick per trade,. But you can trade the same horse multiple times before the race does.
Most important rule: ALL BETS ARE CLOSED BEFORE THE START OF THE RACE.
For this thread, I'm going to start a bank of £100.
Firstly, a look at the program I use to trade the betfair exchange. As you'll see its some what different from the website, and gives you a lot more information to help you with making trading decisions.
As you can see, theres not much happening right now, the first race of the day insist off until 14.10. The prices start to move in the last 15 minutes with most of the action happening in the last 5 minutes as regular bookies stay to lay off their exposure into the exchange.
I#'ll be back after lunch to to trade this first race.
Sports Trading Thread.
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