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 are quite pleasing, although unfortunately, they’re still not as scalable as the horse racing. On a more positive note, there are near 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 to 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. The time of day comes into calculations as well.
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 too hard can be painful.
Still confused? There’s also a longer explanation as to how Betfair trading works over HERE
Direct, informative and, above all simple, your greyhound videos are, by some way, the best in the public domain, well done,
cheers, Morgans Choice
Hi. I read everything of yours with interest. Q. 1. How does the video package arrive if I purchase? Q. 2. Do you allow one to one mentoring and if so what price? Cheers. Tony. Age 52. Director TJ Couriers Ltd.
Ps. I’m sick of losing money.
Hi Tony, if you see the details it’s delivered digitally. The one on one stuff isnt happening right now although a strong possibility at some point.
Does the lay price of grey hound always go down below the back price as showed above before the race? what time do you tend to do these bets?
Interesting article on greyhounds! They are definitely a tough market to trade because of their shallow liquidity and the fact that they start forming and offer decent prices just in the minute before the race. They are also more drifting that mean reverting markets. So it’s definitely hard to take a position and exit at a better price. One good thing to note though is that having hundreds of markets a day is very good for a directional strategy (meaning back and keep, or lay). However in-depth (if not inside) knowledge or strong data analysis is required to make a profit over the long term. We chose the AI and statistical modelling at tipstronic to pick our bets.