trading at really low odds

[irish150]

is it possible to make big profits tradin at really low odds if your careful enough ie back at 1.03 and lay at 1.02 or 1.01

[kawasaki]

if you are just careful - no. if you know what you are doing - yes.

[Temujin]

is it possible to make big profits tradin at really low odds if your careful enough ie back at 1.03 and lay at 1.02 or 1.01

Is a lot easier laying at 1.02 and backing at 1.03 to make big profits, as you can bet 50 times as much..

[johnedale]

Is a lot easier laying at 1.02 and backing at 1.03 to make big profits, as you can bet 50 times as much..

Could you give any advice about when to make that kind of bet? Usually by the time a horse reaches those kinds of odds in running the markets are moving so quickly that its hard to grasp what's going on.

[yellowball]

right if you choose horse market, too fast to grasp. Some time use trade with lay low odds easier at tennis market esp WTA (but again you must know what going on the market).

[LuckyYou]

Its very hard because on these queues there is a lot of people who think "oh i can put a lot of money here" why i not to sit and wait and try to get. But if you see 100k on that queue I just ignore it. If you know a way that can assure you can get trough that queue go do it. The best odds i've been trough so far is lay 1.18 back 1.19, but if you ask me how i did this now, I can't tell you. Anyway good luck...

[0james0]

I was wondering this.

Say a football or tennis match where the odds are falling quickly as the odds on favourite is running away with it.

A back at 1.03 and a lay a few minutes later at 1.01 is a tidy margin.

Downside is you can only really do it once per match.

[Portman]

consider that laying at 1.02 requires twice the amount of laying at 1.01 (and backing produces twice the return).
The price movements, in percentage, at that low level are huge:

1.01
1.02 +100%
1.03 +50%
1.04 +33%
1.05 +25%
1.06 +20%
1.07 +16%
1.08 +14%
1.09 +12.%
etc....

[0james0]

I ran off a simple calculation which looke quite positive.

£100 back @ 1.02
£1.98 lay stake @ 1.01

= £1.88 profit

You'd have to try and ensure it was a match where the odds would drop to 1.01 and not start to shoot back up again.

If you can get the back in at 1.03 the returns obviously are much better.

[skit]

If you have ever traded horses IR you know it's quite possible. There are a lot of races where a horse hits low prices < 1.5 and ends up losing or at least its odds jumping well up.

However taking advantage of those prices in such a short time period is not as easy as it looks.

[0james0]

I was thinking maybe something like football where the favourite has just gone 3-0 up with ten minutes to go.

I guess like a lot of things, the aim would be to get in and out quickly. Horse racing is too fast.

[shadowninja]

I was thinking maybe something like football where the favourite has just gone 3-0 up with ten minutes to go.

I guess like a lot of things, the aim would be to get in and out quickly. Horse racing is too fast.

If it's a favourite with ESP of 1.7, at 2-0 with 10 minutes to go, the odds will be about 1.15, if they then score (3-0), the odds will be 1.02 or 1.01 and there's still time for the underdog to get one back. If it goes up to 1.13 when it's 3-1, sure you could hold, but the odds reflect the fact that they could concede 2 more goals so it will work 95% of the time, but that 5% of the time could happen twice in a row... such is the nature of probability.

Take some dice from Dungeons and Dragons. Roll two 10 sided dice which will give you a number from 0 to 99. The chances of rolling 25 twice in a row are small but still possible.

[catweazle]

Haha, 10 nobody knows if it's 10 minutes to go. The last 10 minutes in footy-matches are usually 12-15 minutes with Italian matches 20 minutes

[Temujin]

I ran off a simple calculation which looke quite positive.

£100 back @ 1.02
£1.98 lay stake @ 1.01

= £1.88 profit

You'd have to try and ensure it was a match where the odds would drop to 1.01 and not start to shoot back up again.

If you can get the back in at 1.03 the returns obviously are much better.

Say what? Are you not left with a potential liability of 98.02? What happens 1 in 50 times when your bet loses?

[0james0]

Haha, 10 nobody knows if it's 10 minutes to go. The last 10 minutes in footy-matches are usually 12-15 minutes with Italian matches 20 minutes

Even longer for Man United matches!

Isn't that the joy of trading?

I was thinking more of a match where the odds are tumbling quickly, dropping fast on their way to 1.01. It would need to be a quick in and out.

That said, a far smarter way would be to find a match where the favourite is having a wobble and lay the 1.01 first.