How To Trade Greyhounds – Easy Money…
Everyone wants easy money, right? Apparently not.
Knowing what to look at and, what to trust is often the hard part when watching a betting market.
Greyhounds markets are similar to Horse-racing in some ways, with a few big differences.
Just recently televised coverage has gone through a few changes for the greyhound markets, meaning there’s a bit more interest. And MONEY!
With more money being matched on the races there’s always going to be some added opportunity. Having a look at the schedules on the racing post will help you find the best ones to trade.
I’ve had a little dabble this week of a morning by way of a change, the feel is a little different to past greyhound markets which is quite pleasing, although unfortunately they’re still not as scalable as the horse racing. On a more positive note, there are nearly twice the amount of greyhounds races each day.
Either way, for a couple of quid a race it can easy money…
Approaching the markets like this will allow you do the same, but make sure you stick to the criteria!
How To Trade Greyhounds On Betfair Video
For anyone that’s not familiar with the concept of trading on Betfair, see the image below;
To achieve the £2.23 on each dog (before the start) there are two bets matched against each-other.
Look to the matched bets on the right hand side of the image.
Profit minus Liability = 2.24
Backers Stake minus Stake = 2.23 (there’s a penny difference as the software could not create an exactly even outcome, due to the odds increments.)
If you didn’t quite get the explanation above the image, here are the actual numbers:
Profit @ £61.60 minus Liability @ £59.36 = £2.24.
Backers Stake @ £24.23 minus Stake @ £22 = £2.23.
Makes sense, right?
Warning: The Downside
Quality is always better than quantity (meaning the races on offer).
So although there are thousands of greyhounds races each month, you may want to be selective. For example I find Swindon greyhounds markets to be very bleak. There’s money within them, and some potential moves although nothing compared to the likes of Romford or Nottingham. Time of day comes into calculations aswell.
Approaching a greyhounds market in the wrong manner can end in disaster. Mainly because if you need to exit a position and there’s no money on offer, it’s going to hurt.
Risk management is always the first thing on my mind, which is why the daily horse racing markets are preferable to greyhounds. Learning how to trade the greyhounds markets is a game of patience. Pushing to hard can be painful.
Still confused? There’s also a longer explanation as to how Betfair trading works over HERE