If you can understand how slack in the book and ebb and flow relate to each other you can profit from them. This video gives a good example of this. The book is slack and nothing is putting any pressure on this horse.
Just to say before you watch the video. If you are interested in joining my Trading and Mentorship program, I am looking to add further dates in June and july. If you are interested drop me an email to firstname.lastname@example.org.
Watch the video and I’ll give a breakdown of the trade after.
00:00 My entry point was easy to spot. There was nothing to put any pressure on it and stop it drifting. I used my progressive staking and kept adding to the trade as my position improved.
00:39 You can see there is nothing at all with any downward pressure except the outsider at 22 – this isn’t too relevant. The favourite has some WOM and momentum behind it.
02:00 There is nothing apart from the fav moving in. There is enough of a gap between the back book % and lay book % for the price of the fav to move several ticks without it effecting the price of any other runner. I am not reacting to the short term trend of reversal. With a slack book like this I judge this to be ebb & flow of the market. I stick in another couple of trades to add to my position. You will see me constantly clicking on “TAKE SP”. I do not trust Betfair after last weeks fiasco where the site crashed again. By taking SP I may still lose if the site crashes, But with a substantial amount of money in the market I don’t want to risk it.
02:50 I close the trade, as it happen too soon, as my bets that I had in the market would have been matched. I do myself out of another £15-£20. Safety first and all that 🙂
When I talk about the book percentages. It’s important to get this into context. They are a minor piece in a big jigsaw. It’s just another tool I use.