How to Trade Australian Horse Racing on Betfair (30 Min Tutorial) 

Hi Set, yes dedication is required 100% but if it's targeted in the wrong areas you're just wearing yourself out! I was very guilty of this too in the early stages... on the return I guess I clicked a few times but its not bad for the staking in my opinion. For me the most important thing is not to take any more risk than necessary. That way, over the extended period you end up with the best results possible. Also, you're not impacted negatively in terms of personal mindset. Answer to your question: I actually have no idea. I suspect people will be more 'aware' of it after this period but would think the majority go back to what they like and know more. Purely guesswork of course.

@@CaanBerryProTrader that was my main problem when I was just beginning: focusing in wrong areas, but when I realized that trading winner market in-running was for me is when it got real and everything took form and made sense. I wish everyone that is just beginning find their path, it's hard to notice at first glance where you belong. I really hope american and australian racing keep this liquidity even if UK racing resumes, the amount of daily opportunities would be insane!

Good Point raised have noticed before and they can drift alarmingly between the 6 minuets to 2 minuets mark, but as general rule 5 minuets out. If they are proper on it race after race they provide around 80 or more of they available market to drive a price up or down before the volume arrives in the 2 to 3 minuet mark to clean up. Great to see on those days you can catch 12 or more swings in row

Hope its paid off mate.

That's a possibility. Wouldn't know without travelling halfway around the world. However, some people do beat the clock in-play specifically, its why I'm led to believe premium charge came about. Some people just turning up and taking out without any risk a-such.

Cool, glad it helped. The Australian races trade differently to the UK but there are certainly market behaviours and things you can take from this and translate over with a few tweaks. If you haven't seen it, this clips a good one too - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-X8R1bbkBzNg.html

Hi Bob, welcome to the channel. Yes they do trade differently, you will notice I left it late in pretty much every example, this is because of those limitations and characteristics mentioned. Lower volume means smaller profits but still, for some, its worth it (especially if you enjoy it). For me personally, I don't like getting up so early!!

Will consider it now mate.

It is right. What he's saying is 20% of your efforts yield 80% of your results, and vice versa. It could have been illustrated a bit clearer but that's the gist of it.

Cheers, Ricco. Will check this out... the 80/20 I was referring to is here: en.wikipedia.org/wiki/Pareto_principle

Thanks 👍

I do! Im not sure how those markets would function, but I guess so long as people were punting on them it would have some similar patters :D

Was the trial motivation for your RU-vid avatar? :D

@@CaanBerryProTrader No, I really look like that but not as yellow ……...

Hi Arthur, please contact the facebook page here via private message as you have won a prize and we need ot verify where to send it! facebook.com/caanberrytrader/ Cheers, Caan

TOMCAT YOUR A PROPER GANGSTER RUDE BOY

All adds up.... have to make a few quid before you can make 10, 20, 100 a race.

Will consider that one, Richard. Not sure it will be useful to many, and maybe a bit dull though.

Caan is a very low risk trader, he is more of a scalper type trader, I don't think he likes to let the price run against him at all. He takes small consistent profits from the market. There are other traders who are more 'swing' orientated who have a higher risk tolerance, it's really down to personal preference. One thing I've learned is trading is a very personal thing, there are many styles that can be successful. I think it applies to all types of speculation, it's a personal journey. You can pick up many nuggets from videos but the truth of it is, you have to develop your own style that fits with your personality. And that will only come with time/experience and perseverance.

Sure, Daniel. This is a common question, although as you allude to, a hard one to answer. Typically I don't focus on the tick amount but what is happening in the market. If it's no longer conforming to what I believe to be true or the loss is greater than I like to consume (stake relative) then I bail. In most cases it's only a few ticks as I like to find a value entry and offset quite quickly as you can see from the video.

Daniel Bryans Can I ask you what software do you use? And do you trade Aussie racing or UK? Thanks.

Hi Daniel. No offence, but if you're asking a Q like that I do doubt just how well you're actually doing, objectively speaking. But I hope this might help you matey, and should at least give you something to think about. Assuming you're swingtrading as opposed to scalping, you should really know your exit BEFORE you enter the trade, just by looking at the BF graph and the matched volumes against the prices on your ladder. Your exit will usually lie at some point just outside the nearest support or resistance level, or just outside the S/R level after that, depending on your reason for entry (i.e your trading plan), your exit profit target & your appetite for risk. If you're using a sound risk management plan (like you should be doing), your exit position should affect your entry staking amount - for example, if your max risk on the trade is 1% of your total bank, and you've calculated (from the S/R level you can see, incl. matched volumes) that your stoploss is 5 ticks away from your desired entry, then you can work out your "stake amount per tick" (also called "book price staking" on Geekstoy). On another trade, using the same bank & risk %, if you can see that your stoploss is 10 ticks away from your entry, then you'd have to half your book price staking amount compared to that first trade I just mentioned, in order for the two trades to have the same risk. Understand? Without following a defined & strict risk management plan like in the example above, it'd be extremely difficult for even a good trader to be profitable longterm IMHO

You got a very good reply from someone, but it seems to have been removed? Strange I was going to have a proper read of it today.

You may be able to get this in Betfair data. I haven't spent enough time to know the exact answer though... maybe someone else can help you out here.

Doesn't sound right.. were you hedging your position?

Not watched it back again Mark, but it's robably because the price has shortened / is shortening. And for an instant (if you've got your API settings correct), you can also see the individual bets coming in either on the back or layside as soon as they arrive

Make sure not on an old version, right click ladder, traded volume > bars.

Been lots of problems with BF this last month mate. Have you emailed GT? on the latest version? With live vid i would recommend getting a seprate browser up for the purpose.

Nope not for me bud.

Yes, risk was the only other word that sprung to mind reading that!

The million dollar question... see the courses on our site.

Ye sound like a real person you do.

Top tip is to not follow tipsters.

😂😂😂

How do you mean? The important part is not to enter in the wrong place.