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Trading horse racing after the off has seen a huge growth in popularity in recent years, mostly because it can be very profitable but it's also to do with how exciting it can be compared to other strategies. It's also somewhat less complex to learn than, for instance, trading in the slower-moving race pre -market.
Some caution is needed in my view, mainly because once you start trading in-play, the lines between trading and gambling can quickly become blurred.
Many punters actually use very similar approaches to the in-play systems I will cover below, but they use them more as horse racing betting strategies rather than true trading techniques. I have an article covering many In-Running strategies , but here are my top three picks:.
This is the mainstay of most in-play racing trader's activities. Whether or not they win is another matter of course, but this characteristic of their running style is useful because we know that when horses are leading a race, their odds will nearly always shorten, often substantially.
For this reason, racing traders back them before the off, then lay them during the race after they've taken their prominent front-running position. Trading profits are very impressive with this strategy. Better still, it's perhaps one of the easiest strategies for beginners to learn.
There is virtually no intuition needed, and all the decisions are made before the race, relieving pressure during the trade.
Read more about trading front runners in-play. I also have a very popular In-Running eBook. This is not as popular as the front runner strategy, but in my view that makes it more worthwhile looking into! Some horses prefer to run at the rear of the field, out of the jostling of the main pack, in free and open space.
These are called Hold Up Horses HUHs due to the way they 'hold up' their pace whether by choice or by their jockey's skills of persuasion!
until the later stages of the race. A horse's form card will show this trait of their running style, in particular the 'pace' information.
As you've probably guessed, to trade this method you just do the opposite of the front runner trading method. You lay before the off, and back it during the race at higher odds, when it's at the rear of the field.
This has become quite popular with gamblers since in-play markets became available, as they can get better odds in-running then they would before the off.
Read more about trading hold up horses. I am frequently surprised at how few racing traders use the Lay All strategy. The essence of the method is very simple. Some tracks have tight finishes. A tight finish means various horses with very low odds as they approach the finish line.
By laying all runners, provided you get at least 2 of your lay orders matched before the race ends, you have an instant profit. With a bit of research and ideally some personal testing to fine-tune your selection criteria you can obtain a good strike rate, and whilst the profits are not enormous, they are frequent and come at very very low risk.
What's not to like?! Especially for a novice racing trader. As far as I am concerned this is a prime pick for a beginner strategy, for a variety of reasons:. For an extensive tutorial on this method, see my Laying The Field ebook. That concludes the in-play section for this page, but there's a lot more detail covered in my article all about trading horses in-running.
There's no getting around it, trading can be a tough journey for many if not all who seek to master it. In racing trading, I firmly believe our own minds are far too often the biggest obstacle to success.
Sloppy minds make very bad traders. If you're the type of person who frequently makes promises you can't keep, deadlines you won't meet, or commitments you'll fail to achieve, you're going to need to have a serious talk with yourself. But, surprisingly, this turned out to be almost as much of a learning experience for me as it has them.
What I've learned above all else is how the biggest gains were made by helping people become more disciplined , rather than just by helping them improve their trade execution and analysis. The strategy stuff was obviously important, but it counts for very little without the necessary discipline to stick to the rules, resist silly temptations, and avoid taking 'questionable' trades.
Another vital element in my view anyway is the ability to behave efficiently, inreasingly so as you progress in your trading career. An example is keeping a trading diary to document your trades, and doing so religiously, and honestly. If you have an aversion to being organised, your trading learning curve will be longer than it probably needs to be.
A clear and organised mind is something I always notice in successful traders. For most of my life I wasn't exactly a very organised person myself. It was actually trading which helped me i. forced me! to sort that out. You can be disorganised in other areas of life, if you must!
But when it comes to the trading itself, and the related stuff like managing your trading bank, planning your trading sessions etc, you need to be fastidious about your organisation.
This will dramatically improve your results and reduce the time it takes you to reach success. In short, just don't be a slob! If you have dreams of one day becoming a professional racing trader, maybe a good start would be to focus on cracking the "professional" part!
I speak from bitter experience again here. I never had much patience for anything, until I saw how my 'hurry' to master certain racing trading methods actually prevented me doing so.
It took me a long while to realise this, and I only did thanks to a comment from another successful racing trader who kindly pointed out:. Take a breath, let the market tell you what it's doing'. That was one of the biggest golden nuggets I ever received, even though it was just a passing comment.
Thankfully I listened to it, and acted on it. The difference was incredible. Trading before the off is probably the most obvious area of racing trading where patience is absolutely essential.
That goes both in relation to being patient with your own progress or success, but equally so in relation to each and every trade. Don't be in a hurry. This stuff comes in its own time, so let it take however long it takes. That way, believe it or not, I can almost guarantee it will happen faster.
Sadly, I have seen quite a few budding traders 'come and go' over the years. By far the most common reason for people giving up is, plainly and simply, a lack of drive and determination to push on through the hard patches.
I am not just talking about the muppets who sometimes email me asking how to master the markets, by next month! I am talking about much more serious people who think they are committed, but only find out after a few months of struggling, that this stuff really doesn't come naturally for many many months.
Not for most people anyway. Be prepared for an extremely challenging journey. One which will have its fair share of knocks , but one that's also filled with many small wins which, one after another, rack up like steps in a stair case, gradually taking you closer and closer to your goal.
Be patient and stick around, I can assure you success in racing trading is well worth the wait. You don't need a whole lot of 'stuff' to trade horses on Betfair, but there are a few essential items:. It's hopefully fairly obvious, but you must have at least a reasonably reliable and fast computer.
No, you don't need a super-computer, or even a 'gaming' computer, just a half decent laptop or desktop which is fairly up to date in both software and hardware. My advice, especially for those on a budget, is to find an 'ex-business' used machine on Fleabay , Dell are a good choice, especially the Inspiron Desktop and Latitude Laptop models.
There are excellent bargains to be had on these machines, and they are nearly always in great condition and with a few months warranty to check it all over after purchase.
This is less of an issue these days, as most people have connections capable of livestreaming full HD videos. That's more than sufficient bandwidth for the Betfair API to keep your trading screen up to date every milliseconds or so!
This is one of the few must -have's for trading the horse racing markets. You can't do this stuff in a web browser.
Well, actually you can with the Lay All strategy, but that's the only exception. I won't go into detail here as I have a detailed article on the subject, so if you don't have any software installed as yet, please see my racing trading software review.
It is possible to trade without live horse racing coverage, but I wouldn't advise you to. This is worth its weight in gold. If you're on a tight budget then you can make do with Betfair's own feed , but I would suggest paying for a subscription to live racing coverage.
This subject is covered fully in my pre-race strategies article. I have made just about every trading error you can think of, and no doubt plenty that you can't!
I may laugh about it now, but my 'journey' was the only one I could have had, so I don't mind admitting it. I was a real idiot at times, especially in the early days. Having a nasty gambling habit from childhood didn't help the situation! Here are four of the most common mistakes I find learner traders suffer from:.
This ebook, is not a long complicated strategy filled with statistical data or projected graph analysis. It is a simple formula that works and unbeknownst to Betfair, they have already done all the hard work. We just cherry pick the selections from the information already given.
But what is the information and which market? All that will be made very clear in the following short and precise ebook. Previous page. Print length. Sticky notes. On Kindle Scribe. Publication date.
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Page 1 of 1 Start again Page 1 of 1. Betting To Lose: Making Money By Laying Horses. Alex Daly. Kindle Edition. Betting System Secrets - The Each Way Back And Lay.
John Duncan. Lay The Field: A Low-Risk Horse Racing Betting Strategy. Roger Kemp. PCP Invest. Success Factors: How to win consistent money from the horses. LOSE LESS: Lazy punter reveals how to quickly pick more winning horses while staying married and keeping the house!
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