You hedge the profit or loss from trading by laying the profit or loss at the current traded price.

E.G. your profit is $50.00
The current price on the horse you are trading is $5.00
It lays you $10.00 profit no matter which horse wins the race.

The hedge button won't work correctly unless you have locked in a profit or loss by trading.

There is a further video tutorial on the racingtraders website where he explains and gives an example of the hedge button.

__________________
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Thanks for that Chrome.
Its clear to me now.

Cheers.

__________________
Cheers.

How's your method been doing lately C.P ? Still holding up I hope, I have been experimenting with it with some success. I've thought about using win and place strike rates to try and find horses that are the most likely to either win or run nowhere so to eliminate some of those that seem to run plenty of minor placings without greeting to often. I seem to be more comfortable about backing a win and laying the place rather than the other way round.

If you are playing with this, try grouping all wagers into 4 groups and analyzing the results..

Win lay
win bet
place lay
place bet

And see which group is revealing the profit on turnover.
My guess would be the place lay is the money spinner.

It's still cracking Dr Ron.
You've got to do what suits you particular punting personality, there's no good in doing something that goes against your inbuilt comfort zone, even if others are making money from it. I learnt that a while ago. I tried to do a method that didn't suit my style and came unravelled.

You're on the right track anyway, you have a huge advantage in that favourites that place have a 55% win strike rate

__________________
RaceCensus - powerful system testing software.
Now with over 419,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/05/2025
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

Thanks for the reply chrome , in a previous post you said you backed as many as four horses in the one race using your method, is there a limit as to how mmany you would back or a maximum price that you would go to, or any other limits ?

It depends entirely as to the odds of the horse versus bookies odds.
I will only use this method on horses that are close to or under bookies odds, so that rules out a good majority of runners.

__________________
RaceCensus - powerful system testing software.
Now with over 419,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/05/2025
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg