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  1. Tomas

    6.4. Important Events

    As I said above, the more money involved, the more you can earn (or lose). The biggest events of the year attract the largest amount of money. Below is my list of the biggest events in order of importance: Cheltenham Festival Royal Ascot Grand National Glorious Goodwood These are multi-day events and you can usually have much bigger stakes on them. As a result, you can earn more (or lose more) than usual. Cheltenham Festival and Royal Ascot are the biggest weeks of the year. < PREV | HOME | NEXT >
  2. BONUS – Cheltenham Festival 2017 directory: 14.2.1. Fourth Day – Race 1 14.2.2. Fourth Day – Race 2 14.2.3. Fourth Day – Race 3 14.2.4. Fourth Day – Race 4 14.2.5. Fourth Day – Race 5 14.2.6. Fourth Day – Race 6 14.6.7. Fourth Day – Race 7 Have you ever wondered about the huge profits that can be made on Betfair? Do you want to see how I made over £700 on a single horse race? < PREV | HOME | NEXT >
  3. Day 4, Race 1, 280 (VOICE & END).mp4 Description: 0:48 – Now you can see increased activity in Laying @3.75. This is a good indication where the crowd is going and I will watch the activity here because I will probably Lay, too – once I see a good opportunity. 1:30 – Now we see the Lay side is strengthening. 1:46 – I submit my bet once the Lay side goes up 1 tick. I want to be in a good position in the queue. 1:55 – Now I place my potential exit bet @3.90 in a very good position in the queue. 2:11 – You can see those two huge bets @3.80 and @3.85 have disappeared. Someone probably wanted to push the market down but then realized they couldn’t go against the crowd. I submit another Lay bet because it’s clear there is no barrier for the market to go up. 2:26 – I missed the move and I remove my Back bet from @3.90. I submit another Back bet @3.95 because this will be most likely be around the top of the market. The price @4.00 usually works as a resistance level and it will most likely be an even stronger resistance level on such a big event like Cheltenham. 2:59 – I was right and now I’m about to take the profit. On Cheltenham – it’s all about taking advantage of small moves with big stakes. 3:10 – The market has bounced back to @3.75 where my previous Lay bet was placed. This bet is in a good position in the queue, which is something very useful at Cheltenham. 3:13 – And now I try to make the market. My Lay bet should be matched soon, so I act preemptively and place my Back bet as well. 3:57 – I’m always ready to scratch if needed. 4:14 – This is an ideal scenario. Both Lay & Back bets are being matched at the same time. 5:06 – A tick change is always a great chance to jump to a good position in the queue @3.80. 5:36 – The Lay activity increased and the Back side is very weak. The Back side includes two of my bets, which are strategically placed to now exit my position. So I Lay @3.85. 5:46 – The first part of my bet is matched quickly because it was first in the queue. Now I need to match my second Back bet. 6:10 – It’s starting to be matched now, but I’m being careful & I’m ready to scratch or reverse my position because it’s now at the top of the market. 7:08 – Now I can still take advantage of my previously placed Lay bet @3.80, which is first in the queue. Being in a good position in the queue is essential at Cheltenham. 7:29 – But I didn’t feel confident about this trade, so I scratched it. 7:36 – Another tick change and another jump to a good position in the queue. But I scratched the trade shortly afterwards because I wasn’t very confident. This is trading – if you don’t feel confident about your position, you shouldn’t fall in love with it and hope for a miracle. 8:26 – I’m prepared to jump in with my Lay bet @3.80 if the Back side starts weakening. 8:36 – It happened right now and I’m making the market again. I’m always ready to scratch if anything goes against me. 9:10 – The Back side is quite weak and I want to take advantage of my Back bet @3.95, which is first in the queue. 10:34 – Now the market will decide if it will go up past the 4.00 level, so I place some Back bets in the queue just in case it really does go up. 11:27 – There is lot of Backing activity and the Back side is strengthening. We will probably see a move down in a while. 11:34 – I opened more Back positions as I was very confident about the move down. Part of the position should be closed quickly because I’m in a good position with my Lay bet @3.95 and this should immediately reduce my risk. 11:44 – I exit another part of my position and my risk is half of the initial size. Now I will try to run the rest of the position to make a bigger profit. 12:11 – Now you can see a big Lay bet of about £2,000 matched @3.90. This is a good indication of the end of the move, so I exit the rest of my position. 12:20 – Unfortunately I missed it and I have to scratch the rest of my trade. But I quickly reverse my position and try to jump in the queue @4.0 – just in case the market breaks past this level. 12:35 – Now the Lay price @4.0 starts strengthening, so it looks good to me. 13:59 – However, the Lay price @4.0 quickly weakened and I had to scratch. 14:09 – It seems like the market doesn’t want to go up past @4.0, so the next logical move is a bounce back down. I open a bigger position again. 14:32 – But there was not enough momentum at this moment, so I scratched because I didn’t feel good about such a big open position. 14:51 – An attempt to make a market and use my previously placed Lay bet @3.95. 15:47 – However, it didn’t happen and I reversed my position by double clicking. 16:23 – I use the live video to monitor the exact start of the race. 16:33 – Again, it doesn’t look like it’s going up past 4.00, so I open a Back position. Now I can take advantage of my previously placed Lay bet @3.95. 16:40 – But I don’t see any downward momentum, so I scratch the trade. 17:04 – The market itself doesn’t know where to go. 17:42 – I try to jump to a good position in the queue. 18:17 – Not enough confidence = scratch. 18:23 – An ideal situation to make the market. I took the Back price @3.85 because I am well positioned with my Lay @3.80. 18:47 – Another market making. 1 tick with bigger stakes gives me a good profit at Cheltenham. And it all adds up to hundreds of pounds per race. 19:17 – Now I just try to quickly make the market or do some quick 1 tick scalping. The market was very active within the last few minutes, so you can get in & out pretty quickly with big stakes. This is what I call an ideal market for trading. 21:15 – This is a great place to enter the market with a Lay bet – there is good support @3.80 and the market will most likely not break past this level. So there is very little risk in this situation and I try to use it to my advantage. 22:26 – Now I finally take my 1 tick profit. I thought the market would move more ticks in my direction. 22:46 – And it does, but I missed it. It’s very hard to make a perfect trade. 23:04 – I try to use the top of the market once again. We’re almost at the start of the race and I don’t think the market will break past the 4.00 level right now. So I open a Back position at the top. 23:34 – But the market really broke past this level for a while and I lost a few ticks. 24:02 – Another attempt to Back at the top. I tried to make more trades around this level, but I wasn’t successful. < PREV | HOME | NEXT >
  4. Day 4, Race 2, 747 (VOICE & END).mp4 Description: 0:09 – My usual attempt to be first in the queue. 0:36 – Once my bet is matched, I quickly take a 1 tick profit. An ideal situation is when the Lay @9.0 is very weak, so I’m first in the queue. 1:02 – I’m again trying to jump to a good place in the queue and I’m ready to scratch if necessary. 1:14 – Once the Back side weakens, I jump in @9.2 and I make the market. 1:49 – Repeating the process. 2:59 – I scratched the trade, but quickly try to make the market again. The market is not moving up or down and I want to use this to my advantage. 3:40 – A tick change is the ideal moment to jump to a good position in the queue. 4:20 – As my Lay bet @9.0 is matched, I’m ready to scratch the trade if I see the Lay side weakening. 4:36 – The Lay side became weaker and I quickly scratched. But the market didn’t allow for a further move, so I quickly tried to jump back into the market with a Lay @9.0. 5:13 – Because my Lay bet @9.0 was about to be matched very soon, I decided to increase my position with Back @9.2, where I could get in a good position in the queue. I had to scratch this second trade after a while, but the first trade ended up with profit. 5:41 – Trying to jump to a good position in the queue @9.4. 6:11 – There is still a little unmatched bet remaining from the previous trade. I want to get it matched but I’m also ready to scratch it if necessary. Every penny counts. 6:34 – After the Back side @9.2 weakened, I jumped on that price with my Lay bet to be first in the queue. At this point, I have to wait to see if the market decides to support me. Otherwise, I will scratch. 7:16 – There was not enough support for my bets, so I have to scratch. 7:46 – Now I’m not in an ideal situation. I have a Lay position opened but the market is pushing down. Hopefully, my Back bet will be matched soon so my liability is decreased. Otherwise, I’m prepared to take a loss. 8:01 – There is good Lay support @8.8, so hopefully my Back position will gradually close and my risk will be lower. 8:39 – But the support @8.8 weakened and I quickly reversed my position. 8:57 – I had to scratch it and take a small loss. The market does not have the right momentum yet. 10:24 – As the Lay @8.8 is weakening, I double my Back position @8.8. This does two things for me – it scratches my initial Lay position @8.8 and it opens a new Back position @8.8. And I already have an exit Lay bet in the market @8.6. 10:42 – As the market starts Backing @8.6, I feel it’s a good indication of the price going down. I open a bigger position here, as I believe it could now have the right momentum because there is only 8 minutes remaining until the start of the race and the Back side is starting to strengthen. 11:00 – Another increase in my Back position. But I now consider this a quite risky trade! I’m always ready to scratch or take a loss if the market goes against me. 11:32 – There is a strong Back side and you can now see the Backers are taking the price @8.2 quickly. And the market starts rolling down. 11:59 – I would rather take the profit, as I don’t feel good about having such a big Back position opened. Shortly afterwards, I reverse my position and I’m first in the queue. 12:36 – Now I try to make the market and I’m first in the queue with a Lay @8.2 and a Back @8.6. Let’s see if the market can match them. 12:48 – I drag & drop my Lay bet just in case I need to scratch the trade. 13:03 – My whole Lay bet @8.2 is matched but my Back @8.6 was only partially matched. I scratch the rest so I can take at least a little profit. 13:27 – The market is testing its bottom @8.0. If we break it, we will see the dam burst and the price will quickly roll down. 14:12 – But there has been a big spike up – about 6,700 was matched on the Lay side and my Back bet @8.6 was matched. I now submit more Back bets @8.6, as most of these spikes end up with a correction. 14:25 – And yes, I can now gradually take a 1 tick profit in three smaller parts. 15:03 – The market still seems to be pushing down to a level @8.0. The spike up has slowed down the push but it could still break this level. 15:16 – 8.2 is taken. 15:43 – Lots of Backing activity @8.0 seriously weaken this support level, so I establish a bigger Back position here as I expect the dam to burst and then see a quick move down. 15:57 – 7.8 is taken. 16:09 – 7.6 is taken as well and there is still a lot of Backing activity @7.4. This seems like a good exit point to me, as it can’t go down infinitely. This is especially true at Cheltenham, where the moves are always slower. You really have to be precise with your positions. 17:09 – There still seems to be enough Backers in the market – the Back side gets strong again and the Lay side weaker. 17:20 – I have good support for my Back position in the market and the market starts rolling down again. 18:37 – I thought it could go down past 7.0, but that wasn’t a good idea. I quickly scratched the trade. 19:03 – The market has found it’s bottom @7.0 and I try to scalp a bounce back by jumping to a good position in the queue @7.2. < PREV | HOME | NEXT >
  5. Day 4, Race 3, 147 (VOICE & END).mp4 Description: 0:22 – An attempt to make the market. I found it much easier to make the market on prices above 3.00 at Cheltenham, as these prices are more static. I scratched the trade quickly, since I wasn’t in a good position. 1:11 – The Back price @2.78 is weak and I try to use it to jump to a good position in the queue. 1:57 – Another attempt to make the market, but it wasn’t a good idea to go against the strong price of @2.76. I quickly scratch it. 3:10 – I’m trying to get a good position in the queue. I often try when I see a weak price or a tick change. And I’m always ready with the mouse and my finger on the trigger to scratch the trade. 3:54 – A weak Back price @2.78 means I want to jump in and be first in the queue. But I’m quickly matched and the market goes against me. I quickly scratch but it takes a long time until my scratch bet is matched. I’m always ready to take a loss. 5:05 – A big Back bet arrived @2.80 and I will watch it closely. If this is genuine money, it could push the market down. 5:17 – Quite a lot of money arrived @2.78 as well and the Lay side has weakened. I’m trying to trade on the market being pushed down by this money. But I scratch shortly afterwards, as there is no momentum and the market is static. 6:12 – The big Back bet @2.80 holds the market. 6:43 – I don’t like trading on the favourite, so I move to the second favourite. 7:00 – I’m establishing some positions to make the market. 7:10 – The Lay @7.6 has quickly weakened, so I tried to open a Back position in the hope of a tick change. 7:14 – But the tick change didn’t happen, so I scratched my position. 7:52 – Trying again with a big position. The tick change is always the moment when I want to be on the right side. My position was probably far too big but I already have my exit Lay bet @7.4 in a good position in the queue, so my risk will go down in a while. 8:55 – My exit bet was matched, but my unmatched Back bet @7.6 was getting matched as well. That was an indication of a tick change, and in this case, I would be on the wrong side. So I scratched the rest and shortly afterwards I tried to get into a good position with a Lay @7.6. But the tick change didn’t happen and I scratched this second bet as well. 10:20 – Lay @7.4 is weakening and is quickly taken by the market. I’m prepared to jump in in the hope of a tick change. 10:28 – The tick change is right now and I jumped in with two Back positions @7.4. I already have an exit bet @7.2, which should reduce my risk. 10:43 – But the Lay @7.2 is quickly taken by the market and there is another tick change happening. So I open three Back positions @7.2. One of them matches my previous Lay @7.2, so I basically have two positions opened. But there is definitely not enough momentum because the price already went down 2 ticks in a short time. I quickly reverse my position and now I basically make the market with my Lay @7.2 and Back @7.4. 11:07 – Scratch. Then I made a few attempts to scalp but I always scratched. 12:10 – A good opportunity to jump to first place in the queue @7.2. 12:14 – A big spike up matched my Back @7.8. More than £7,000 was matched. I quickly trade the correction. 13:32 – I take a 1 tick profit. Not much, but I’m well positioned with my Back @8.00. Only a few pounds are sitting in front of me in the queue. Maybe I can use this position in the future. 13:38 – A little money @7.6 means an opportunity to jump in the queue. 13:48 – This is an ideal scenario – my Back bet @7.6 was quickly matched because of its good position in the queue. The market has also supported the Back @7.6, so I now have a very little risk and I just need to exit the position with a profit. 14:20 – If you watch the matched bets, you will see most of them are Back bets @7.4. This is the mood of the crowd and it means this price can quickly be taken. I try to increase my position. 14:28 – The price is really taken and I now exit my open position. I try to make the market, then use the tick change to jump to a good position in the queue. 15:27 – My Lay bet @7.4 is matched because I was first in the queue. Now I have to wait for my Back bet to be matched. I’m in a very low risk position right now because the Lay @7.4 is very strong and my exit Back bet @7.6 should be matched soon. Once that happens, there is a tick change that I again try to use to my advantage by quickly jumping in. 16:05 – Always the same scenario. Tick change = an opportunity to jump to a good position in the queue. 17:16 – An attempt to make the market. Both my Lay & Back bets are in a good position in the queue and the market is matching bets quickly because the race is about to start. < PREV | HOME | NEXT >
  6. Day 4, Race 4, 552 (VOICE & END).mp4 Description: 0:10 – Tick change and I quickly jump into the queue. 0:33 – The Lay price @3.85 is quickly taken and we will probably see another tick change. The Back pushes the price down. This is one of the situations when the “Weight of money” indicator clearly shows where the market is heading. I open a big position because the market allows me to do so. 0:47 – The Lay price @3.80 is traded and the momentum means a chance of another tick change. 1:09 – I consider a 2 tick move as a good profit – especially at Cheltenham where you usually try to chase that 1 tick all the time. 1:23 – Only about half of my position is matched, so I moved the rest to take at least a 1 tick profit with it. Then I do some market making, as there was a good chance to be first in the queue on both Back & Lay prices. 2:24 – A big Lay bet matched my Back @3.90. I would have normally closed my position, but I have already made some profit so I can risk a little. My exit Lay bet @3.85 is in the middle of the queue, which is not bad. And I have a chance to jump to a very good position in the queue with a Back @3.90, so I take the risk. 2:51 – The Lay side @3.90 didn’t develop enough and was quickly taken. It didn’t have the support of the market, so I increase my Back @3.90. 3:06 – But I decided to scratch, as I didn’t feel confident about the trade. 3:23 – I’m always ready to scratch the trade or take a small loss. My finger is always prepared to pull the trigger. 3:51 – A huge Back arrived @3.90. If this is genuine money, it may push the market down. At Cheltenham – people usually don’t spoof with £30,000 bets. But nothing really happens for close to 4 minutes. This is Cheltenham trading – a boring but highly profitable waiting game for a little move in the market. 7:35 – The Back @3.90 is beginning to be quickly eaten by the market. Here’s another chance to jump to a good position in the queue. 7:54 – A very good place in the queue. Over £15,000 is behind me, which provides good support for my Lay bet @3.90. 9:33 – Someone matched a Lay of £12,500 @3.95. That means a total exposure of almost £ 37,000 for that person. There are big sharks in this pond! 9:45 – I expect the price @4.00 to be a resistance point, so I open a bigger position. But the market goes up quite easily and I have to scratch it. 9:51 – But a lot of money is cancelled at Lay prices @4.0 and 3.95. So my initial idea of opening a Back position @4.0 comes up again and I open a big position. Shortly afterwards, I decide to reduce my risk. 10:25 – I gradually exit with a 1 tick profit. 11:00 – The Back side @4.0 is quickly weakening, so I have to cancel my bet there. I don’t want to go against the market. 11:30 – If you look at the graphs of other horses – they are all going down. So there must be something going up and the favourite could be the one.I It could go up past the price @4.0, so I open a Lay position. 12:34 – The Lay side is strengthening, but I’m always ready to scratch the trade if necessary. 14:58 – Watch how quickly the Back price @4.1 is taken. A lot of Lay activity means a chance for a tick change. 15:11 – The price has really increased by 1 tick and the market supports the Lay @4.1. Now that the resistance level @4.0 was broken, I want to make as much of a profit as possible. 15:33 – There is a lot of Lay activity @4.2, so I cancel my exit position because I hope to exit with a bigger profit. 15:44 – The price has really increased again and it quickly gets a lot of support @4.2. I believe the market is now in a good bull run. So I cancel my exit Back bet @4.3 in hopes of getting to a 4 tick profit. A 4 tick profit is an excellent trade at Cheltenham (at least for me). 15:57 – But there is not that much support for a further increase, so I exit half of my position @4.3 and then I exit the rest as well. 16:39 – A tick change = Chance to be first in the queue. 17:34 – Not enough confidence = A scratch. 17:40 – I reverse the position in hopes of getting some support from the market. 18:33 – But as the Back side becomes weaker, I lose confidence and quickly scratch the trade. And once the tick changes, I jump in the queue and try to make the market. 18:44 – Some quick attempts to jump in the market followed by an immediate scratch. 19:31 – A tick change = Chance to be first in the queue. 19:54 – As I see the second favourite going down, I’m in a good position with my open Lay position @4.4. 20:55 – The second favourite got my attention, as it’s steadily going down and I can use this to my advantage. So I placed my exit bet first and now I’m waiting for the right moment to open a Back position. 21:41 – I have a big position opened, but the market doesn’t support my idea. And suddenly there’s a big upward spike and I’m exposed to a big risk. I need to close my position quickly and take the loss. I then move to the favourite and try some scalping in the last three minutes before the race. This is a great time for this – there is a lot of money arriving to the market and the chance of being matched increases. 24:39 – There seems to be an upward momentum. When a tick change happens, I quickly jump to a good position in the queue. 24:51 – I’m making the market. < PREV | HOME | NEXT >
  7. Day_4,_Race_5,_340_(VOICE_&_END).mp4 Description: 0:09 – As you can see from the graph of the second favourite, there has been a quick spike down. I have opened a Lay position @5.7 to trade the correction. 0:42 – I’m now exiting slowly with small stakes, as I don’t want to affect the market with my entire exit bet. 1:54 – But for some reason, I don’t have enough confidence in this move and immediately take a profit. 2:33 – The Back side is strengthening and the Lay side is quickly eaten by Backers. There could be a tick change. So I jump in the queue. Once my Back bet @5.7 is matched, I gradually exit by scaling out. 3:51 – A chance to get in the queue with a Lay @5.7. 4:34 – And once my Lay bet @5.7 is matched, I exit by scaling out. 6:22 – The Back side @5.9 is quickly eaten and is quite weak. This gives me an opportunity for a tick change and I jump there with my Lay bet. 6:34 – Not enough confidence = Scratch. 7:16 – The Lay side @5.7 is quickly eaten by Backers = A chance to be first in the queue with my Back bet. 7:35 – As the Back side @5.6 didn’t have enough support by the market, I’m quite confident it will be eaten by the Lay side. So I Lay to be first in the queue. And now I’m making the market. 9:59 – Lay @5.6 is quickly eaten by Backers = I Back and jump into the queue @5.6. But not enough confidence means an immediate scratch. 10:51 – The market quickly goes down for whatever reason and I quickly try to scratch my position. 11:11 – Once the market stabilizes, I try to trade the correction by placing a Lay bet @5.2, which is currently the bottom. 11:22 – I finally scratch my opened position. Shortly thereafter, I make a 1 tick profit as my Lay bet @5.2 was quickly matched. But the market still offers to Back @5.3. 11:37 – An attempt to make the market. 12:35 – Another attempt to make the market. 13:46 – Tick change = A chance to be first in the queue. 14:08 – Now I’m first in the queue with my Back @5.1 and I’m waiting if the market will jump back up again. This happens shortly afterwards and I jump in with my Lay @5.0 and make the market. 15:10 – The Lay side @5.0 was quickly eaten, which is a good chance to be first in the queue again. 15:22 – The Back side is strong and I feel there could be good momentum with the price going down. I open a bigger position. Shortly afterwards, the market is rolling down and I take a 1 tick profit. 16:28 – I’m not too confident about my positions, so I scratch them. 16:40 – As there is not much money on Back prices @5.4 & 5.3, I place my Back bets there. These may be useful in the future because they will be positioned well in the queue. I now try to establish an advantageous position in the market. You can see lots of cancelling & moving my bets without being matched for some time. 18:43 – Finally, I’m being matched because I’m first in the queue @5.2. But the market goes against me shortly thereafter and I’m trying to exit. 19:12 – I try to exit with a 1 tick loss. 20:05 – My previously placed Back bet @5.4 is being matched. I established this position a long time ago and now it’s paying off. 20:57 – Despite not being fully matched, I try to exit with a 2 tick profit. 21:55 – A weak Lay @5.2 is a good place to jump in the queue. But once the market proves I’m wrong, I quickly scratch the trade. 23:12 – This is a very interesting moment. Notice there was £22,652 Layed on the favourite, which caused a spike up. At the same time, there was £7,961 Backed on the second favourite, which means a spike down. Some big bets were matched on the third and fourth favourites as well. And I immediately try to trade the correction on the second favourite. 23:25 – But the market seems to follow the big bet and I don’t feel enough support for a correction. So I scratch and try to enter the market at a lower price. 23:45 – Now I try to do some quick scalping because lots of money is being matched and I can get in & out quickly. Notice that we have only 4 minutes until the start of the race – this is the beginning of the busiest period. 24:21 – However, I’m not in a good position in the market. I have a big Back position opened but the market finally corrects itself after the big spike down. I have to get out because I’m currently exposed to the biggest risk during my activity in this market. 24:38 – The market finally goes down a little and I immediately exit. This wasn’t an ideal position, because I could have easily lost most of my previous profit. But really, is there anything ideal in trading? 25:48 – A good opportunity to make the market – I quickly jumped in the queue at both sides – Back & Lay. 26:07 – Since only part of my Back bet was matched, and the market doesn’t want to match the rest, I scratch the rest of the position. This means my Back position @4.9 can be used later, as it’s still first in the queue. 27:32 – The Back side @4.9 is quickly eaten, so I jump in with my Lay bet @4.9. I also cancel my exit bet @5.0 in hopes of making a bigger profit. 27:53 – I’m scaling out gradually. 28:05 – But not enough confidence leads me into taking just a 1 tick profit. And despite the video stream not being available, I decide to take the risk and do a last quick scalp in the market. I had two main reasons for doing this: It’s a long track, so if the market suddenly goes in-play, the prices should not change dramatically right after the start. At Cheltenham, there is also good liquidity in-play, so I should be able to exit my bet. I also set my bets for “IP SP”, which should match my exit bet on a Starting Price. I opened a Lay position, which is important because if the horse decides not to run the race, the price would immediately go to 1,000. On the other hand – there is very little chance the price will go down that quickly because on such a long track, horses usually don’t start sprinting right after the start. < PREV | HOME | NEXT >
  8. Day 4, Race 6, 374 (VOICE & END).mp4 Description: 0:09 – Tick change = A chance to be first in the queue. The market did form a nice bow – a long downtrend, then the downtrend slowed down, stopped and now I expect the price to go back up again. 1:52 – I’m prepared to increase my position as the Lay side is strong and the Back side seems to be weak. 2:02 – Once the Back side @6.6 is eaten by Layers, I jump in as well. 3:03 – And again – once the Back side @6.8 is eaten by Layers, I jump in the queue. However, this trade is riskier as I’m Laying quite high. 3:19 – But there seems to still be enough support on the Lay side of the market. 4:05 – I should exit @7.0 but somebody else exited before me. So I have to exit @6.8. 4:15 – And I believe the uptrend is now finished, so I Back @6.8 where I had a chance to be first in the queue. 5:44 – As the market really went down, I’m now prepared to exit my position and take a 1 tick profit. But it seems Backers support the price @6.6, so I will wait if I can get out with a bigger profit. 6:02 – The Lay price @6.4 is eaten by Backers, which is a great time to exit with a 2 tick profit for me. And then I try to jump in with my Back bet @6.4, as it’s a chance to be first in the queue. But it’s a riskier position, as we are almost at the bottom of the market. I’m ready to scratch. 6:55 – Scratch & position reversal, as I want to use the tick change and my previously placed Back bet @6.6. 7:15 – Scratch. 7:55 – An attempt to make the market. I have a Back bet placed in the market @6.6, and the Back @6.4 was eaten by Layers, so I jump in. 8:42 – When my exit Back bet @6.6 is being matched, I move my cursor to the “exit column”. I use this column when I want to scratch a partially matched position. 9:05 – Scratching a partially matched position by using the exit column means that only the necessary amount will be placed in the market, not the whole bet. 9:40 – Now I cancel my exit Back bet @6.4 because I feel there is a chance to get matched @6.6. 10:31 – A spike down. About £7,000 was Backed. I have to exit my position. 10:41 – I close my position by opening a big Back position @6.0. I’m risking here in order to trade on the dam that has burst. 6.0 is a strong support level in the market, and if it is broken, the market should go down. 11:19 – It has broken and I currently have a 4 tick profit. I want to gradually exit around this level. 11:36 – A big Lay bet arrived @5.4 and it will probably end the momentum, so I exit the rest of my position. 13:01 – A good place to jump in the queue @5.6. 13:25 – But the Back side @5.6 is quickly eaten and I have to scratch. 13:38 – Another attempt to do the same thing @5.6. 14:11 – An attempt to make the market, which was partially successful. < PREV | HOME | NEXT >
  9. Day 4, Race 7, 115 (VOICE & END).mp4 Description: I started the last race of Cheltenham festival with a loss, but I wanted to gradually reduce it and hopefully end up with some profit. 0:09 – You can see a spike down. About £6,000 was Backed and I quickly wanted to take the loss. 0:46 – A good chance to jump in the queue and be first with my Back @5.2. The market tried to Lay this price but it quickly jumped back down, which was a good indicator for me. 0:58 – Once the market goes down 1 tick, I take the profit and make the market. Both my Back & Lay bets are matched at the same time, which is an ideal scenario. 1:10 – I drag & drop one of them just in case I need to scratch the rest of the position. This has proven to be a fast way to scratch in this situation. I could also use the “exit column” if I wanted to keep the unmatched position in the market. 1:45 – I used the exit column and the rest of my unmatched Back position @5.2 can be used later. 2:34 – The Lay @5.0 is weak, which is a chance to jump into the market and make the market using my previously placed Lay bet @4.9. 3:36 – I finally have a profit. 4:01 – Some attempts to establish a position, as I think the market will correct its quick move downward. 4:26 – My previously placed Back bet @5.0 was matched because it was first in the queue and I can quickly take a 1 tick profit. I then try to repeat the process together with some scratching. 5:00 – The last few minutes before the start of the race are the busiest period and I watch the video feed to know exactly when the race starts. 5:47 – An attempt to make the market. I’m in a good position in the queue with both Back & Lay bets. 5:56 – But for some reason I opened a bigger Back position and now I’m exposed to risk. There is not enough room for such a position in this market. 6:02 – So I gradually scratch. 6:47 – This is a great situation to make the market because both Back & Lay are weak and I can be first in the queue. 6:55 – I try to repeat the process but I again open too big position. I’m probably trading in this race the same as I had traded in previous races, but this one isn’t like the Gold Cup! 7:09 – Once I realize it, I scratch. 7:47 – Another attempt to make the market. I use “IP SP” for both my Back & Lay bets because the race is about to start. And if it really starts, I want my bets to be matched at the Starting Price. Both my Back & Lay bets are being matched at the same time the market goes in-play. Thanks to my previous “IP SP” settings, my bets were matched at the Starting Price and I ended up with a profit. And this is how I made a nice profit in three hours. < PREV | HOME | NEXT >
  10. Tomas

    Cheltenham Festival

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