New and slightly confused!!

[Stevo]

Hi all just a quick comment and a question really ... I've only been trading a matter of weeks and done moderately ok with pre race horse trading .. However I have traded the NBA basketball this week and made much more ££ and found it less stressful ... Can I ask what the obsession is with the pre race horses ?... I am determined to crack it myself but it seems other markets could be profitable too ...

Many thanks


Steven

[lcredd]

My personal obsession came from one thing; horse racing was on 3-7 hours a day, EVERYDAY. That was it. I thought if I could make £1 a race then that would work out roughly £35-a-day, everyday. And IF I could get £10 a race I'd be a millionaire in no time.

Professional traders might mention liquidity and volatility too.

[Stevo]

My personal obsession came from one thing; horse racing was on 3-7 hours a day, EVERYDAY. That was it. I thought if I could make £1 a race then that would work out roughly £35-a-day, everyday. And IF I could get £10 a race I'd be a millionaire in no time.

Professional traders might mention liquidity and volatility too.

Thanks for getting back to me .. It seems that some people persevere and do very well from the pre race trades...

[dvwooly]

cricket and tennis are good for trading but you need to understand the games

the obsession with pre race come from the fact you dont get suspend events and massive changes in odds like you do in other sports ie

tennis, a break of serve
football, a goal
cricket, a wicket

this results in 20 - 100 ticks suddenly disappearing in one go

in racing this never happens (unless you get a MASSIVE bet) so its a little safer. Its also a truer form of trading where as doing it on an in play sport is betting.

I think that you are doing well, showing a steady profit but if you want it to feel like all the hassle is worhtwhile you need to be £100+ stakes as you will see a nice monetary return from fewer markets. With £100 stakes you could easily make £50 - £150 a day on the pre race markets. Its frustrating and seems like a lot of effort when you are using £10 stakes and making £5 - £15 a day.

[Morgans Choice]

..... and some don't

[dvwooly]

..... and some don't

he has mentioned he is doing moderately ok so by the sounds of it he is profit which is very good as like you say some cant make it pay no matter what they do.

[Stevo]

cricket and tennis are good for trading but you need to understand the games

the obsession with pre race come from the fact you dont get suspend events and massive changes in odds like you do in other sports ie

tennis, a break of serve
football, a goal
cricket, a wicket

this results in 20 - 100 ticks suddenly disappearing in one go

in racing this never happens (unless you get a MASSIVE bet) so its a little safer. Its also a truer form of trading where as doing it on an in play sport is betting.

I think that you are doing well, showing a steady profit but if you want it to feel like all the hassle is worhtwhile you need to be £100+ stakes as you will see a nice monetary return from fewer markets. With £100 stakes you could easily make £50 - £150 a day on the pre race markets. Its frustrating and seems like a lot of effort when you are using £10 stakes and making £5 - £15 a day.

Thanks for the info ... It's all helpful to get advice and opinions .. I'm very grateful ...

[kawasaki]

everyone is different, everyone choose what hes comfortable with. as example me HATE trade horses. looks like total chaos, no logic why priceline moves like nudist stung by hundred bees
compare to footie, if this team scored, price gone this way, if other one scored, this way, by such and such ticks, perfect :Brilliant

[dvwooly]

How do you trade footy if you have absolutely no clue about the game? With horses you can't but footy you need to know something. It's more like gambling in my eyes.

[Morgans Choice]

he has mentioned he is doing moderately ok so by the sounds of it he is profit which is very good as like you say some cant make it pay no matter what they do.

Absolutely, good luck Stevo,

MC

[d70ejk]

cricket and tennis are good for trading but you need to understand the games

the obsession with pre race come from the fact you dont get suspend events and massive changes in odds like you do in other sports ie

tennis, a break of serve
football, a goal
cricket, a wicket

this results in 20 - 100 ticks suddenly disappearing in one go

in racing this never happens (unless you get a MASSIVE bet) so its a little safer. Its also a truer form of trading where as doing it on an in play sport is betting.

I think that you are doing well, showing a steady profit but if you want it to feel like all the hassle is worhtwhile you need to be £100+ stakes as you will see a nice monetary return from fewer markets. With £100 stakes you could easily make £50 - £150 a day on the pre race markets. Its frustrating and seems like a lot of effort when you are using £10 stakes and making £5 - £15 a day.

I agree with your defintion regarding trading/betting whereas many don't and won't.

However, in-play trading is possible during periods of lull or little activity, i.e. an injury in football, after a wicket or during a drinks break in cricket, between service games in tennis, etc.

They are prone to their own nuances of price movements though if something happens such as an injury, change in batting order, etc, etc, but only the same as potential nuances in horse racing if a horse is ramped, or a horse bolts, etc.

Pre-off trading is also obviously possible on other sports, but you won't see the same volatility as horse racing, or often anywhere near the same level of liquidity.

[Stevo]

Thanks lads

Thanks for your input .. It's all helpful ..

[linusp]

How do you trade footy if you have absolutely no clue about the game? With horses you can't but footy you need to know something. It's more like gambling in my eyes.

I know very successful commodities traders who sometimes don't even know what the commodity they are trading looks like. Your sentence contradicts itself as well..

[dvwooly]

I know very successful commodities traders who sometimes don't even know what the commodity they are trading looks like. Your sentence contradicts itself as well..

Sorry for the typo

I'm in hedge fund trading in my daily job so know about trading graphs rather than fundamentals

[custard]

Custard Korbut

With £100 stakes you could easily make £50 - £150 a day on the pre race markets. Its frustrating and seems like a lot of effort when you are using £10 stakes and making £5 - £15 a day.

I have never found an easy way of making money. I have found, sometimes, that if I increase my stakes, I am able to lose more money. If I could win £ 150 per day easily, I would be called Custard Korbut on account of all the somersaults I would be doing .