29th April 2008, 02:16 PM
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Member
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Join Date: Jan 1970
Posts: 4,432
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I've found that low liquidity races such as USA, Aus, South Africa, in the longrun, you are better backing first as the price goes south more often.
I would advise new traders to pick horses to trade which aren't favourite to get practice. Usually third or fourth favourite. It's easier to read the direction it's going and less wild swings.
But trading can be stressful, disheartening and difficult to read.
I gave it up as a strategy, and only use it when I have layed too high or backed too low.
It's a lot harder than Adam Todd or Peter Webb would have you believe, reality is quite different to pre recorded select races.
Good luck if you have a go though.
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