Scratching?

[Bhut]

Hello again,

I was reading an article in the newbies area which mentioned scratching. I've heard of scalping/swings and occassionally done some hedging around ceilings but scratching is something I can't get my head round. I was wondering if someone could tell me what this actually means in terms of the market and trading?

My understanding is that I fire two bets in at the same price back/lay. How does this help? Have i got this totally wrong?

Cheers

Ian

[Quo]

Your exit point is the same as your entry point, so a scratch trade is a no win, no loss operation.

[The Joker]

Hello again,

I was reading an article in the newbies area which mentioned scratching. I've heard of scalping/swings and occassionally done some hedging around ceilings but scratching is something I can't get my head round. I was wondering if someone could tell me what this actually means in terms of the market and trading?

My understanding is that I fire two bets in at the same price back/lay. How does this help? Have i got this totally wrong?

Cheers

Ian

Scratching means no loss and that's how it helps! Protect ur bank ! Leqvng a trade in can be beneficial but possibly costly!!

[Crazeewon]

You place your first bet,which is matched, expecting the market to move in a certain direction so you can make a profit from your second bet. Meanwhile there is a change in the market, eg. someone enters a large bet causing the market to move away from your second bet. You 'scratch' your position to avoid or minimise loss. Hope this helps!

[kawasaki]

sometimes word 'scratching' is used istead of 'scalping' or vice versa, especially in noobies sections

[Temujin]

The term "scratching" refers to the motion of the finger against your head, typically just above the ear, when things go tits up on what you assumed to be the best trade in history.
This trading style is often used in conjuction with another widely used but not well documented style of trading known as the WTF. Typically the WTF is a combination of the

When used together, you have yourself a very powerful trading environment, guaranteed to make a lot of money. Although typically, not the person using it.

Here we see the man that wrote the book on this style, Sir I. B. Broke

[Knight Rider]

A scratch trade is one that is closed, or scratched, at break even. When done via Bet devils software it is known as a "pork scratching"

[Knight Rider]

Yo, I'll tell you what I want, what I really really want,
So tell me what you want, what you really really want,
I'll tell you what I want, what I really really want,
So tell me what you want, what you really really want,
I wanna, I wanna, I wanna, I wanna, I wanna really
really really wanna Adam Todd to write an article on the "Scratch Trade"

[ron]

someone once said "a scratch trade is a winning trade"... er no its not its niether a win/nor loss i use them all the time, they are annoying because it means the odds have gone against you, but in the long run they will protect your bank, many times i have backed at say 5.5 expecting to get out at 5.4 only to see the odds go 5.6, 5.7. 5.8 and upwards, what happens then is you get out at a many point loss, especially when you "red up" spread that loss.

[Bhut]

thanks

Thanks all.

I was under the impression i fired both bets in all most at the same time! ( Can't spell simultaneously)!

But i see its a way of getting out of a market quickly.

Ok can someone briefly explaining hedging to me then?

Cheers

Ian

[The Joker]

Thanks all.

I was under the impression i fired both bets in all most at the same time! ( Can't spell simultaneously)!

But i see its a way of getting out of a market quickly.

Ok can someone briefly explaining hedging to me then?

Cheers

Ian

Hedging is spreading the profit from one runner/outcome across all so as to guarantee an overall profit across all runners / outcomes

Effectively you win what ever the end result!
Or make a smaller loss across all outcomes!


Penfold????

[Scumbag trader]

Spreading your profit across all possible outcomes, so whatever the result you make a profit. So if you back £10 at 2.00 and lay £10 at 1.8, you can either keep your 'green' on that selection (£2 i think) or lay it again by hitting the magic hedge button, so you make a profit whatever the result.