Horse Racing Trading Video
Video Duration : 10 mins 25 sec
Profit: +£25
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Comments:
Profit
0:36 I submit Lay 400 @ 3.10 when the price gaps up to 3.15/3.20. My Lay order is the first to be submitted at 3.10 and I get matched straight away when the price stabilizes at 3.10/3.15. My position is displayed above the other 2 ladders as Layed 400. I immediately submit Back 400 @ 3.15 while the price is still 3.10/3.15, which also gets very close to the front of the 3.15 queue behind another 282. My Back 400 @ 3.15 remains as an unmatched bet until 0:47 when it is matched in full when the price moves up to 3.15/3.20. My 20 profit if this horse wins is shown above this ladder.
1:37 I submit Back 400 @ 3.25 while the price is 3.20/3.25 which remains as an unmatched bet as the price goes down to 3.10/3.15.
Scratch
1:58 As the price starts rising again I cancel my Back 400 @ 3.25 because the Lay bids are very large and it looks like the price will continue to go up through 3.25. As soon as I cancel it I submit Lay 400 @ 3.20 while the price is 3.20/3.25 which gets matched a few seconds later. I immediately submit Back 400 @ 3.20 to scratch which is matched instantly.
2:41 I submit Lay 400 @ 3.20 while the price is 3.20/3.25 which remains as an unmatched bet.
2:48 I cancel my Lay 400 @ 3.20 and immediately submit Back 400 @ 3.20 while the price is 3.20/3.25 which means that I get matched instantly. I immediately submit Lay 400 @ 3.15 while the price is still 3.20/3.25, which remains as an unmatched bet.
Scratch
3:10 I click and drag my Lay 400 @ 3.15 up to 3.20 and release the mouse button to submit Lay 400 @ 3.20 to try and scratch while the price is 3.20/3.25, which remains as an unmatched bet. The price moves up to 3.25/3.30 briefly before coming back down to 3.20/3.25 and my Lay 400 @ 3.20 starts to get matched at 3:36 and is matched in full by 3:40.
Profit
4:04 I submit Lay 400 @ 3.15 while the price is 3.15/3.20 with the 3.15 Lay bid trading out to very small, making my Lay 400 at the very front of the queue at 3.15, getting matched straight away. The price briefly goes down to 3.10/3.15 before a strong bid makes it 3.15/3.20 again and at 4:13 I submit Back 400 @ 3.25 while the price is still 3.15/3.20, trying to make a 2 tick profit. The price moves up to 3.20/3.25 and at 4:43 I start to get matched at 3.25, being matched in full a second later. My profit is now 60 if this horse wins the race which is shown above the ladder.
5:45 I submit Lay 400 @ 3.25 while the price is 3.30/3.35 which remains as an unmatched bet. The price moves down to 3.25/3.30 with over 9K on the 3.30 Back offer so I cancel my Lay 400 @ 3.25 unmatched bet at 6:02.
6:51 I submit Lay 400 @ 3.25 as the price moves up to 3.25/3.30 and my Lay is one of the first orders on the new 3.25 Lay bid. I get matched quickly and the price stays at 3.25/3.30 so I submit Back 400 @ 3.30 to try and make a 1 tick profit, which remains as an unmatched bet.
Scratch
7:07 When the price moves down to 3.20/3.25 I submit Back 400 @3.25 to try and scratch and I cancel my Back 400 @ 3.30. The 3.25 back offer builds up with a lot of money making it look like the price will go down to 3.15/3.20 before I get matched at 3.25 so I quickly submit Back 400 @ 3.20 while the price is still 3.20/3.25, which gets matched instantly. However, at the exact same time that I submit Back 400 @ 3.20 my Back 400 @ 3.25 gets matched so now I have Backed 400 extra which I didn’t want as you can see by my position above the other 2 ladders. But as the price has moved down to 3.15/3.20 as expected I am able to submit Lay 400 @ 3.20 to scratch which gets matched instantly, making my position flat again after having done 2 scratch trades in 8 seconds.
8:15 I submit Lay 400 @ 3.20 while the price is 3.20/3.25 which remains as an unmatched bet.
Scratch
8:45 My Lay 400 @ 3.20 gets matched and I immediately submit Back 400 @ 3.20 to scratch while the price is still 3.20/3.25 so I get matched instantly.
9:41 I submit Lay 400 @ 3.15 while the price is 3.15/3.20 which remains as an unmatched bet.
Profit
13:18 My Lay 400 @ 3.15 starts to get matched and I immediately submit Back 400 @ 3.20 while the price is still 3.15/3.20, which remains as an unmatched bet. My lay 400 @ 3.15 is then fully matched and at 13:43 my back 400 @ 3.20 is matched, while the Countdown Clock flashes at zero showing that the race is about to start.
Hedge
13:46 With the race about to start I click on the Hedge button to convert my 80 pound potential profit if this horse wins the race into a guaranteed profit no matter which horse wins the race. The hedge button does this by dividing your profit at the top of this ladder by the available to Lay odds that are currently trading, and then Laying the result of that calculation on this horse. In this case it divides 80 by 3.2, which is 25 and Lays 25 @ 3.2. Now if this horse wins I will make 80 but I will have to payout 25 x (3.2 – 1) = 55 on that extra Lay bet, leaving me with 80 – 55 = 25 profit. However, if the horse loses, I won’t make 80 profit but instead I will keep the 25 Lay bet, leaving me with 25 profit.
Trading Results
Adam made over £100,000 profit on Betfair from a starting bank of £200.
Check out his complete trading results below:
Daily Trading Results 2003
Daily Trading Results 2004
Daily Trading Results 2005
Overview