The scratch trade is probably the single most important key to success in short term scalping of the UK horse racing markets on Betfair. Being able to Lay and Back at the same price without loss, and without even having to pay commission on the round-turn, is such a benefit that it has to be used to the absolute maximum.
It is hard trying to get to grips with Trading fast-moving markets on Betfair, have a look through these common mistakes that plague pre-race traders.
A scalper is a person who holds a position for a very short period of time, attempting to make money off of the bid-ask spread.
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Pre-race prices on the favourite horse are much more tradable than In-Play prices without being as susceptible to outside events as In-Play prices are.
The probability of an event happening can be expressed as a percentage, for example, if you toss a coin the probability of heads or tails is 50% or evens for each. The book percentage here is 100% – it is a perfect book.
The secret of successful trading on UK horse racing favourites in the final minutes before the off is simple: the less time you hold a position the better.
Trading is backing and laying the same horse or team with the idea of securing a risk-free profit regardless of whether that horse or team goes on to win or not. By backing and laying at different prices the trader can lock in a profit.