Sports Trading Thread.

ffsear

Well-known member
Oct 10, 2006
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#1
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.
 

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ffsear

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Oct 10, 2006
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#2
Ok, i thought id start with an early example...

The 3rd horse in this race interests me.

As you can see where I have circled red, this horse is trading in a tight range. 7 - 6.4



So what I have done is straddled the current price. I have put in and order lay this horse at 6.4 £10 (circled in green) and Back it at 6.6 (£10). Now i just have to wait for these to orders to be filled and I will have a 1 tick profit.
 

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ffsear

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Oct 10, 2006
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#3
So we can see now that my back bet for £10 @ 6.6 has been matched. Now we are waiting for the £10 at 6.4 to be matched and we'll have our 1 tick profit.

 

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ffsear

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Oct 10, 2006
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#5
So using the same strategy on the next race, have managed to book £1.70ish


 

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ffsear

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Oct 10, 2006
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#6
Another method I use is looking for prices with low liquidity. Or none at all

Look at the favourite, See price 1.79 and note how there is no money available at that price. I'm going to stick £100 in there now. This means that if price does hit 1.79, my money is right at the front of the cue. So if i see money getting taken at 1.78, I will quickly lay £100 at 1.78, and then if 1.79 gets hit, it will be my money getting hit first.!

 

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ffsear

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Oct 10, 2006
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#8
So 1.79 got taken, price flashed back down as it was near the top of the trading range, we traded out at 1.74 for a £3.47 profit.


 

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ffsear

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Oct 10, 2006
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#9
Balance now £114. Will continue to trade the rest of today's races and see where we are at the end of the day.
 

hhiusa

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May 5, 2015
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#10
Balance now £114. Will continue to trade the rest of today's races and see where we are at the end of the day.
That's interesting how did you come to that figure? I count £15.99-1.96-1.96-1.96+3.91-3.11-0.12 =£10.79
 

hhiusa

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May 5, 2015
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#15
Why don't you increase your trade size? You made 14% on £100. At that compounding rate you should be rich in no time. It sounds like you have the sports betting down to a bit of a science. That's why ask why not increase your trade sizes?