Trading Irish Horse races on Betfair is slightly different from British horse races. Irish markets attract less liquidity in general so you can’t usually expect to get huge returns. Anyway, lower liquidity means higher volatility so the price moves more dramatically sometimes. These movements can substitute the lack of liquidity.
Trading Irish Horse Races Video Description:
- 0:14 – When making the market, I place my Lay bets below the current price and Back bets above the current price. Weak markets tend to jump up and down quickly, so I don’t want to enter the trade at the current price. I want a better one.
- 0:31 – Spike up. I immediately fill the gap in the market with my Back bet.
- 0:37 – My first Back bet is matched, so I take the profit.
- 0:41 – The second Back bet is also matched but the market seems to go too strongly against my position, so I quickly scratch it.
- 0:47 – My Back bet is again matched thanks to a spike up, so I quickly take the profit.
- 0:52 – 2:15 – It’s always the same scenario. I just place my Back bets above the current price and wait for them to be matched by the volatile market. Once they’re matched, I quickly take the profit. I was able to repeat this trade many times. So even with a small stake, I could make some money.
My last sentence in the video description is important. Sometimes you can experience a market where you have no clue what to do. It does make a perfect sense to do nothing in such a case. But of course – it can also be very challenging to do nothing. People often have a tendency to participate in the market all the time. That is not necessary but it may be easier to say than practice.
My tip: If you don’t have a clue how to trade the market, record it and watch it twice later. This way you will ensure a positive learning process and next time you can be able to trade on a similar market.