In this article I will share my experience with capitalizing on Betfair trending bets. Maybe I should say “Betfair trending market” as well – but the market is made by people’s bets. There are types of races where you can clearly spot the trend – it goes up or down all the way long. The best way to approach such a type of market is just to jump in as well. BUT – only if you feel there is a good chance the trend will continue. You can’t just jump in blindly. You have to analyze the important points in the market. Then make a decision based on your analysis.
Betfair Trending Bets
Now you are asking what do I analyze in this type of market. First of all, I have to be sure there is still enough room for the trend to continue. Let’s say there is a market where the favourite went down from 8.00 to 6.00. That is a big move but of course there still can be some room and the price can go down further. It depends on many variables such as number of horses and mood of the crowd. On the other hand – if there is an extreme example where the favourite went down from 8.00 to 3.00 – would you still Back it?
I believe you get my point – the bigger the move has been made, the less chance it will continue. The best scenario is to spot the trend early but it’s very hard to make a perfect trade. You should just manage your risk as usual – if you feel the market still has a chance to go down, Back it. Then you can gradually exit the trade with Scale Out technique. If you believe the price is too low and the market is wrong, do the opposite trade and wait for correction.