As a kid, I used to absolutely detest reading. In fact, I didn’t enjoy anything language-related (as you can probably tell from my writing at times).
When it came to reading, I literally couldn’t think of anything worse. I’d avoid it like the plague.
It’s taken me a number of years to warm up to reading. Over the last couple of years, I’ve actually read more than ever, and I intend to carry on—possibly even more, particularly when it comes to trading on Betfair.
Everyone’s different, but I’ve often been a bit lazy in this area. However, just lately, I’ve developed a real taste for it. Reading is one of the best ways to absorb the endless information out there, and the only way to perform better and think smarter is to know more. I tried to apply this approach to the markets just this past week, and the results have been really positive. It certainly leads to far fewer mistakes by boosting confidence, especially when it comes to pre-existing knowledge about a market before it gets going. I don’t necessarily mean form study, but more about understanding each situation uniquely.
One area I’ve always done pretty well with is front-runners. Looking at it now, it’s because I have a system that flags up “possible” keen-going types, as I sometimes post on Twitter/Facebook. From there, it’s a matter of looking a bit deeper.
Trading Betfair and Reading – Looking Ahead
When I start to focus on a particular runner that has a good chance of being gifted a lead, it just encourages me to dig a little more. Occasionally, I spend some time looking at the makeup of a race and its start, only to find I’m unsure. In those cases, it’s best left alone. But when I dig deeper and it starts to look like a more appealing opportunity, it can get pretty exciting.
Today, Beyondtemptation ran in the 4:40 at Sedgefield, which was beginning to look like one of those instances this morning. The start of the race was looking a little edgy, so I dropped some of my stake as others seemed pretty keen. Starting at 7.0 in the live show, it hit as low as 1.5 in-running! That’s pretty huge. I exited around 4.5 with the horse leading for most of the race before fading in the final stages. Beyondtemptation is definitely one to keep an eye on in the future. The important thing to remember, though, is it’s not just about the selected horse, but the makeup of the race around it. Taking half an hour to read through the cards and previous runs in the morning certainly pays for itself when you catch a move like that, even on a small stake.
I’m going to start incorporating more time to research and read through information in my morning routine. Until now, I’ve always been a bit lazy with it. Much like my last post, it’s just something else to take time reading through beforehand.
Related: Pre Race Trading Guide
2 thoughts on “Reading And Trading Betfair – The Shortcut We Seek?”
I’m thinking about subscribing to proform racing.
Would you recommend ?
Hi Steve,
Sure. Proform is a decent tool.
Caan