Evening trading of greyhounds

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Evening trading of greyhounds

Postby Gavin » Wed Mar 28, 2018 6:24 pm

There isn't big liquidity in greyhounds but there are opportunities to trade manually on the ladder and hopefully make yourself a profit. So if you fancy a bit of trading in the evenings, with small stakes, then greyhounds could be worth considering.

Most of the time all the betting activity on Betfair occurs in the last few minutes leading up to the start of the race. This means that trades need to be pretty quick. Be in and out as quickly as possible (i.e. back and then lay, or vice versa).

You could start off by using the training mode in Cymatic whilst you get a feel for the speed of the markets, without risking real money. Although you'd learn better with real money. Just use small stakes to practise your skill.

It makes sense to be a price maker rather than a price taker, so that you earn money from the spread of prices, instead of paying the spread. This means placing unmatched bets that join the liquidity, instead of paying the spread to take the money offered by someone else.

You might also be able to make money by capturing small directional price movements.

There is some good live video coverage of greyhounds on Betfair, which is nice. It can be useful to help you see how close the dogs are to actually starting the race, so you can bet very close to the actual start. Remember that the video feed may be slightly delayed, so make sure you don't leave it until the very last moment to try to close your exposure.

So keep a very careful eye on the time (and the video if possible), because you don't want to be left with a net open position (and therefore a bigger exposure) when betting is suspended.

Green up your profits or losses before the race starts. It always makes sense to close your positions and take a small loss if necessary. Don't be tempted to gamble by not closing a losing trade and hoping for the right outcome of the race.

Happy trading,

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