My Punchestown horse racing tips for trading are very simple – because there is usually low liquidity (small turnover) on Irish horse racing, I often just make the market. The Irish horse racing is typical for its low turnover and as a result high volatility. You can see this in the market when it often jumps up and down quite erratically. Also the graph displays this behavior – it often looks not that smooth as you can see on British horse racing.
Punchestown Horse Racing Tips Video Description:
- 0:20 – In this video, you basically see how I only place Lay bets below the current price and Back bets above the current price. I’m then waiting for them to be matched. That’s called market making.
- 0:55 – I scratch this trade because I feel the general move of the market will not match my Lay bet. A short time later in the video, I also scratch my trades. But in general, I just wait for my bets to be matched and then immediately exit my position.
Making the market is a great strategy on Irish horse racing and it can be applied on many of them. You need a little bit of experience to pick the right markets for market making. For example – to make a right estimate where to place your bets in the market. If you place them too far from the current price, you risk your bets won’t be matched. On the other hand – if you place them very close to the current price, you risk losing the value.
As everything in this world – practice makes masters. I believe this short video showed you a path how market making works and how it can be applied on Irish horse racing. It can be applied to almost any market but you have to always adapt your strategy to the market you are trading.