You guys who just trade......

[one click king]

Hopefully I can get an insight here. I purely bet in-running but I read all the time that people just make money trading races. I understand the concept, tried doing it myself with little success using the software but the thing I do not understand is the amount of people you read about that make money.

The bit I don't understand is the liquidity seems so rubbish for the ordinary races, I wonder how you can trade?

How much do you need to bet lay or back to trade to make a decent result? Do you trade a grand a incriment and green-up, is there a chart anywhere to show you how much you would win per incriment? If I placed £200 at 4.5 and 'greened-up at 4.4' how much would I win?

Anyone out there truly make a living from trading? I can't think there can be many, as the money is seemingly just not there.

Is what the guy did on Bet Angel really possible, honestly?

I know racing form inside out so I should be able to spot wrong-priced horses, but that has failed me countless times before. Is there software that gives a fairly acurate guide to where the market will go?

I'd love to know as I can bet in every race, every day. I don't expect secrets but would like some ideas on what people do.

[Captain Sensible]

Plenty of liquidity in UK racing to make a decent living, if anything too high a liquidity can hinder you trading because the prices are too static and you may get stuck behind a wall of cash , just need to adapt to whatever the liquidity is.

You'd easily get £200+ on in any UK races at 4.4. To work out your profit just divide the back odds by the lay odds - 1 then time your stake

i.e. ((4.5/4.4)-1) times 200 would be a green of £4.55 do that over the 250 or so races a week and you've over a grand tax free. If you want more you either up your stakes/take bigger ticks or keep going back into the market and either trade other runners or keep hitting the same one if you've spotted a trend.

I'm kinda undecided about Adam Heathcotes blog as it does seem a bit of an advert for bet angel maybe one of the traders on here should do something similar for BA if Gary paid us a cut of sales . I haven't read too much of it but his average per race of £76.54 doesn't seem that unbelievable if you're good at what you do and use large stakes.

Racing form will probably be more of a hinderance in trading as it rarely reflects which way a market will go at the business end of trading (i.e. 5 mins before the off) any real moves will have come and gone in the early markets when the liquidity is too poor to trade effectively if you want to tick trade.

[one click king]

Interesting, I sat trading Rupestrian in the first yesterday in the win market and was doing it with £20s. He was moving between 1.51 and 1.44 quite a lot and there was lots of liquidity there, but I managed to green up a 50p (I got bored after trading 3-4 times) win all round. So trading with £200 and back at 1.51 and laying/trading 1.50 would have got me £4.55?

This is the part I don't get though, if you start trading in 200s, which is the way it must be done, surely that is a recipe to start losing and losing quickly on a normal race. I do just bet in the place market in-running, so maybe there is loads there in the win, but races like Rupestrian don't happy every day.

The thought of doing what Adam did (seemingly trade with 1000 everytime) would worry the hell out of me. I presume people like him use stop loss.

[Captain Sensible]

Laying and backing @ 1.51/1.5 would get you

((1.51/1.5)-1)*200 = £1.33 every successful trade

No need to trade in £200's until you're comfortable with trading. Eventually you'll find the stakes you're happy to trade in and go for it, no point in having an edge if you aren't prepared to cash in on it.

Anyone making money out of trading will have a stop loss set or in mind whether they automate it or do it manually. It's pointless having limits set when taking a profit but not for when the market doesn't go your way. I looked at my trading stats a week ago and lose on average about 1 in 5 markets.

Like everything in racing there aren't any shortcuts to easy money you have to put the effort in to learn when to enter and exit the markets, get a feel for which way things are likely to move and be prepared to accept losing markets rather than letting them run.

[U.F.O]

Interesting, I sat trading Rupestrian in the first yesterday in the win market and was doing it with £20s. He was moving between 1.51 and 1.44 quite a lot and there was lots of liquidity there, but I managed to green up a 50p (I got bored after trading 3-4 times) win all round. So trading with £200 and back at 1.51 and laying/trading 1.50 would have got me £4.55?

This is the part I don't get though, if you start trading in 200s, which is the way it must be done, surely that is a recipe to start losing and losing quickly on a normal race. I do just bet in the place market in-running, so maybe there is loads there in the win, but races like Rupestrian don't happy every day.

The thought of doing what Adam did (seemingly trade with 1000 everytime) would worry the hell out of me. I presume people like him use stop loss.

I think you seem to have got the wrong idea somehow there is plenty of of money about in the 10 mins before the off on uk racing, getting 200-00 quid on is in no way a problem. Trading on Horses is all about makeing lot's and lots of small profits and hopefully not so many small loses. When using stakes of say 1000 it may sound a big risk for a small return but in reality you are only risking a small part of the 1000 as you are always taking a loss it the trade goes against you.

[U.F.O]

Start by using small stakes and slowly build up over time, it will be a long long time before you are good enough to make a living but with the right mindset you will get there in the end.

[one click king]

I did try it and it just bored the brains out of me. I would imagine an automated way of doing it is bearable.

[U.F.O]

I did try it and it just bored the brains out of me. I would imagine an automated way of doing it is bearable.

Its probably not for you then, there are no short cuts you just have to serve your apprenticeship and learn it like any other trade.