In this article I want to show you some simple American horse racing strategy. You can simply take opportunity of a low liquid market and capitalize on a quick trends made by bigger bettors.
American Horse Racing Strategy Video Description:
- 0:10 – US horse racing typically has low liquidity but sometimes there are big spikes up and down thanks to bigger bettors. That’s the reason why I make the market and place my Lay bets far below the current price and my Back bets high above.
- 0:14 – A bigger Back bettor has arrived @2.40, so I try to trade the move down.
- 0:21 – And I exit my trade by scaling out.
- 0:38 – The Lay side is strengthening, so I’m prepared to scratch.
- 1:36 – I start a live video feed from the track. This is very important when trading in US horse racing. The official start time and the time in Geeks Toy may be different, so you have to watch what’s happening on the track in order to finish your trading before the race starts.
- 2:11 – There is still 2 MTP (2 Minutes to Post) in the live video feed despite Geeks Toy displaying only 58 seconds to the start time. That means you can trade longer than Geeks Toy shows you. I always stop trading when I see horses are going into the stalls.
- 2:19 – I also submit my market making bets on the second favourite.
- 2:46 – I scratch the trade because the Back side is now quite weak.
- 2:49 – But then another bigger Back bet immediately arrives. So I Back and take a small profit after few seconds.
- 4:20 – A bigger Back bet on the second favourite means that I try to trade a move down.
- 4:29 – Another big Back bet on the second favourite. I increase my position.
- 4:37 – The big bet is moving down. That means someone wants to match it. I increase my position again.
- 4:48 – I gradually exit the trade by scaling out.
- 5:39 – I submit a few more market making bets and fill the gaps in the market.
- 5:49 – Two big spikes happen at once. A spike up on the first favourite and a spike down on the second favourite. Both spikes match some of my market making bets, so I can then finish the trade with a profit when the correction happens shortly thereafter.