Scalping On Betfair
Scalping is short term trading. It is a form of sports
arbitrage betting. A scalping trader looks to make lots of small
profits, which in time add up. Scalping relies on lots of active
participants in the market.
Scalping on Betfair on UK horse racing is the best place for
this type of sports arbitrage betting. This is because you have
lots of liquidity in these markets, in particular just before
the start of the race, because you get a surge of money coming
into the market.
The concept is simple, if you back a price you must lay at a
higher price, or, if you lay a price you must back a lower price
to make a profit. Whatever happens your profit is guaranteed and
is equal to the difference or spread between the back and lay
price. The Betfair betting exchange is an ideal place to trade
in this way.
In this article we’ll look at the basics of scalping on
Betfair and how to scalp.
Scalping on Betfair Basics
You can scalp any betting market. However, you must have enough
people participating in the market or enough liquidity.
The UK horse racing market on Betfair lends its self to
scalping because of the amount of participants and volume of
money entering the market. When we talk about scalping here we
will be referring to UK horse racing for the reasons mentioned.
Scalping on Betfair involves pre race scalping rather than
trading prices when a horse race is in play. The pre race
markets is not susceptible to out side events like in play
markets, reducing the risk.
Scalping a pre race market involves popping in an out of the
market taking quick small profits.
These are called scratch trades. With the pre race market
there is no danger that the price is going to shot off in one
direction, for example, a rider falls of the horse.
Scalping this pre race market on Betfair is good because the
race hasn't actually started. There are no physical events
happening that are moving the market. But, the price still moves
around enough to make money. This movement in the price is
really just noise.
Scalping this market with larger stakes is less risky because
it is not too volatile. Scalping on Betfair with larger stakes
is where your profits can really pick up.
The Betfair betting exchange is good for scalping because you
can back and lay the favourite horse quickly.
To be successful you expect to take profits and loses of
about the same size. The frequency of profits should outweigh
your losses. You don't want the losses to get out of hand other
wise you are on an up hill struggle to regain them.
The worst thing you can do is hang onto a bet because it's
losing and let it play out as the race commences. This is not
the way and is simply gambling.
How to scalp?
The best form of scalping is to perform scratch trades.
Scratch trades are a form of scalping when you are in and out of
the market very quickly. This form of scalping is all about
money management and involves cutting loses from your scalping
Some people don't like scratch trades because they can see
the price moving in the right direction after they have exiting
and get annoyed about missing out on a profit. But, a scratch
trade will get you out if the prices moves in the wrong
direction. It's psychology really, a missed profit has a
different effect on some people than a saved loss.
Scratching trades may end up costing you a few profits but it
will also save you lots of losses. Many people dwell on the
times when they scratch and, as soon as they did so, the trade
went in the right direction and they could have made a few ticks
profit if only they hadn’t scratched so quickly.
Betfair.com opened up their website to software programmers
allowing third party providers to offer tools to aid Betfair
traders. There are a range of software providers with systems
that make scalping a lot easier.
For a full description of scalping and how to use free
software to start
scalping on Betfair visit Lets Compare Bets.com.
Getting The Most Out Horse Racing
There are lots of ways in which you can get more enjoyment
out of horse racing but it will very much depend on what you are
trying to achieve.
It could be a quick fix, in which race day tips would be an
idea choice or for those of you like to take the more serious
studying path, form ratings, systems, tissue prices or use a
list of racecourse specialists as a starting point.
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