In-Running Horse Racing
If you’re new to trading on Betfair, or just new to trading horse races in-play on the exchange, this guide is for you. While I’ll be focusing specifically on in-running horse races, the strategies I discuss can help you with any new sport, you’re thinking of trying.
I’m going to give you a learning framework, much of which will translate to other sports trading.
In this article, I’ll walk you through the basics, share some personal experiences, and outline what you can expect from my video series.
Video Introduction
Why I’m Sharing This Guide
I’m a member of Back for Profit, and while this course has nothing to do with them, I wanted to give a big shoutout to Andrew Banthorpe, the founder. I’m not being paid to promote his work, but I’ve been a member for five years, and he has completely transformed my trading.
When I first started trading, I was consistently losing for years. (More than I care to admit)
Thanks to Andrew, I turned things around and became profitable.
This guide is a thank-you to him, as well as a chance for me to grow my blog and YouTube community. If you find value in this content, please consider subscribing to my YouTube Channel. It’s free, and it will ensure you don’t miss any future videos.
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I love Back for Profit but I’m biased so my advice is don’t join until you’ve at least watched this video series, because although I can’t possibly teach you everything Andrew can/will in the group. This Betfair Beginners Guide will give you a good idea of what your taking on.
If after watching you think you’re prepared to put the work in, then join by all means.
What You Can Expect from This Video Series
This video series will cover exactly how I trade, my process, and what steps I would take if I were starting out right now. I’ll explain my methodology in detail, and you can follow along at your own pace. The cost of this learning material is completely free.
Why? Because I’ve seen some pretty terrible stuff being advertised and sold to new traders lately which I don’t rate and figure why not just help newbie traders along.
Key Steps in the Trading Process
Over the course of several videos, I’ll guide you through the following steps:
Watch Race Replays
You don’t initially need Bet Angel or even Betfair open to start. Simply watch race replays through Racing TV or At The Races websites. (you can do that for free, though you might need to give an email to open an account).
In this video I cover some basics like on and off the bridle and show you how to identify “signals” during these replays that will improve your chances of success.
Watch Live Races with Bet Angel
In this video, I look at watching live races with Bet Angel open, so you can see how price changes correspond with the signals you’ve learned. This will help you better predict trading opportunities in real-time.
Practice in Play-Money Mode
After that, we’ll dive into practice mode, or what Andrew calls “training mode,” where you can trade without using real money. Some traders don’t take this seriously, but I strongly advise against that mindset. If you can’t make a profit in practice mode, you’ll never succeed with real money. So don’t kid yourself.
Trading Plan
In this section I’ll discuss my trading plan and how you should come up with your own. I’ll go through my race selection process and the tracks I do and don’t trade and the reasons why.
Live Trading with Real Money
The final stage is live trading with real money. In this phase, I’ll teach you how to set your stakes, manage your liability, and ensure that your bank is never at risk.
Done properly, you should never need to reload your Betfair account ever again.
I’ll go through some boring mathematics which in actually fact is some of my secret sauce. So you won’t want to miss that.
Part 3
Frequently Asked Questions
This video answers a couple of questions raised after Video Number 2.
How Long Will It Take to Become Profitable?
This is one of the most common questions I get, and the answer isn’t straightforward. It depends on many factors, including your discipline and how much time you dedicate to learning.
There’s a famous poker saying: “Poker’s is a game, that takes 10 minutes to learn, but a lifetime to master.” The same holds true for trading.
You’ll quickly understand the circumstances I look for before entering a trade, but having the discipline to wait for those exact situations is where everybody struggles.
As you will find out, Trading is easy, not trading is very difficult.
Is This a Get-Rich-Quick Scheme?
No. If you’re expecting overnight success, this isn’t the guide for you. Trading, like anything worthwhile, requires hard work and dedication. Everyone wants the view from the top of the mountain, but few are willing to climb. If you’re willing to put in the effort, you’ll find success in the long run.
Discount Code for Back for Profit Membership
The membership is normally £299 that includes the first 3 months membership of the excellent telegram rooms. Inside the telegram rooms, besides Andrew there are many far better traders than me to help you.
After the initial 3 months it’s then £25 per month. This is great value as apart from the training material and ongoing track reports, you’ll have access to all new videos and more importantly, 1:1 access to Andrew.
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Final Thoughts
I hope this guide has piqued your interest. If you find this content helpful and want to see more, please let me know by subscribing, liking, and commenting on my videos via YouTube. If enough people show interest, I’ll continue producing more content and dive deeper into these topics.