AP McCoy an asset when trading Betfair (Video Post)

AP McCoy a legend in his own right, as far as trading Betfair goes I owe him a few quid, here’s how…

When it comes to trading on Betfair, there are very few jockeys who have the power to heavily influence the market. One exception is AP McCoy, who has rightfully earned the title of superstar jockey over the years. While there are other influential jockeys, I’d say McCoy possesses the most power to sway the market one way or another. Unfortunately, he recently announced his plans to step down at the end of the season. I say “unfortunately” because, over the years, he’s helped me make a packet at times. Hopefully, it doesn’t take too long for the public to latch on to a new superstar.

So how can one jockey have such an influence on the market, you may wonder? Quite simply by winning—a lot! Of course, it’s not just a case of his mounts shortening in price because he’s aboard. In my experience, it often comes when he wins several times in one day. Let me explain further in this video I recorded on the 23rd of February (Sunday).

Over the years, there have been many different opportunities like this from AP McCoy. Others can also cause these effects, although it’s more notable with the jockeys in the public eye. I can only imagine what must have happened to betting markets the year Frankie Dettori famously had seven winners in one day! Back in 1996, trading on Betfair wasn’t an option, unfortunately, as the exchange hadn’t yet been founded. Hopefully, it happens again at some point (preferably next week at the Cheltenham Festival; that really would be a dream come true).

Having a significant edge at times like this can be really helpful, although it’s important to keep the right mindset when trading the markets this time of year. You’ll notice in the clip, although it may have been an exception with the favourite, that I only tested the market with smaller stakes on the second runner. Admittedly, this was to keep things simple, being on a larger stake elsewhere. But I’m still always cautious of not getting in too heavy until I’m certain in the February markets.

The good news is from Cheltenham onwards, things should really heat up with betting activity—just in time to fill your pockets with cash for the beer garden!

On Monday, public support for AP McCoy was no different either. The win in the first race helped increase support in the last race as well.

And the last race…

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