Time: How Important Is It To Pre-Race Trading?

Posted on Posted in Betfair, Horse Racing, Trading strategies

Betfair Trading Time Screenshot

New traders don’t always place a lot of emphasis on time when approaching the pre-race markets. But it’s actually something that is massively important!

Above you can see an image of my Market Overview chart through the Geeks Toy. It’s set it to 5 minutes so the entire chart (right to left) is the last 5 minutes of market activity between runners.

Can you spot anything significant? Anything that might turn a loss into a profit?

Looking Closer…

If you look at the image you can see clearly at around half way (2 mins 30 seconds) before the image was captured, something happened. Prices started to move more, why? Because market activity increased suddenly.

Also you’ll see from the header bar that only £121,310 has been bet on this race, that tells me a couple of things straight away. Liquidity per-second has increased as of the last couple of minutes, and prices have already started to shift, further still its quite a weak market.

Why’s It Important?

Trading prior to that activity kicking in would have been trading suicide in my opinion. Unless you’d already taken a position hours before or felt pretty certain a price was very wrong!

Short-term trading when the market isn’t very active isn’t the best idea, particularly on enhanced stakes as you need the increased activity to enter and exit positions be it win or loss. Just think about it… It’s a bit like turning up to party before the booze and music and expecting to have fun alone.

Trading early is often a common mistake for those not making it pay just yet. It’s also one of those things that you grow to realise isn’t really cut and dry (in terms of when it happens). To succeed long-term its important to control losses, manage risk and maximise profits. So its important you bend your trading strategy around it.

Bank holiday Monday was being a prime example if you was trading it! With all the races on offer, scheduling is tight, as is TV coverage and liquidity is thinner spread amongst the races. For this reason alone you’d need to be more aware of the times you choose to trade.

Depending the reasons for your trades this may not be so important (longer-term trades, morning trades etc). But even then you’ll need to consider another time-frame, there’s no escaping it! Obviously this also means; some strategies work better in different time-frames. Which is another reason it can be frustrating when you start out, discover an edge, and then think you’re going mad after applying it to completely different time-frames.

I think the points clear: Knowing when your ideal time-frames are, is a pretty big deal. Time is important!!

Related: Simple Horse Racing Trading Strategies

10 thoughts on “Time: How Important Is It To Pre-Race Trading?

  1. I did my first trade today,

    It was a little nerve raking I started with £50.00 and £2.00 stakes just to give it
    Ago I am using Bet Angle Trade I used the grid because I don’t guide get the ladder interface.
    I started about five minutes before races which I think now after reading the comment above was to early anyway I am now down to £26.00 so not a good
    Start any comments I will be greatful.

  2. Further to my post above I traded the Ripon races and two sedgefield races and used green-up off sets 1 ticks 2 fill 5 if I got that right.
    At one time I had problems with freezing during a race which lost me money
    When my son went on his play station online through the LAN communication settings are best I can get I may have to use VPS or change to another tradeing software with bet angle I have one month which was just £6.00 we have wifi as we’ll but I was told LAN is better to use than wifi do anyone get this problem with Geek Toys only had this problem when traded everything else works well with our broadband supplier.

    1. Hard connection is far better stephen, I doubt it is software although i have no problems with GeeksToy. Is your computer very old? do you have a slow connection speed? Computer games often take up more bandwidth.

      1. Hi,

        I use a laptop at the moment looking to get desktop next month Asus 3.4 ghz quad core
        my connection is a lot better since changed over to geeks toy, but i am also looking into
        getting hard connection all in all i am enjoying as i am slowly moving into a full time trader
        with lots to learn also i am setting up geeks similar to your profile you show on you tube
        i have had a loss the first trade but who cares, i have learned to disapline my self with banking
        my stakes looking to get a £500.00 starting bank.

  3. Hi caan

    I’ve tried to set my profile like that on the screen but can’t get it right

    Any tips , I’ve watched all the videos about setting it up but still no joy

Leave a Reply

Your email address will not be published. Required fields are marked *