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Originally Posted by partypooper
I've always questioned when I read "shorteners" is the way to go, followed by "you must get VALUE" Huh?
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Yes, Partypooper.
If you were to get the opening price on shorteners and back them you'd make a lot of money.
If you were to lay the drifters at opening quote you'd make a lot of money.
If you were to back drifters that drifted over 40%, you'd make money.
In all that, strike rate is improved or declines dramatically.
The only losing scenario (longterm) is taking the final price on steamers or taking the opening price on drifters.
Yep, that's all good, but how to get on or know what's going to happen?
I've been successfully using the conditional bets option of a bot to flag steamers and drifters and back or lay depending on initial movement of x percent or x ticks.
This only works on liquid markets such as the UK.
But work it does ...... brilliantly.
Last night
laid a horse at $4.90 and it jumped at $6.00
laid a horse at $1.89 and it jumped at $2.04
laid a horse at $3.50 and it jumped at $4.20
Backed a horse at $1.98 and it jumped at $1.64
Backed a horse at $3.75 and it jumped at $2.82
I copped two or three where the movement rebounded, so the bot was wrong, but the overs and unders more than compensated.