There are an number of items available on this subject & there is a definite art in trying to make it profitable .

They all say how straight forward it is, but it is not as easy as they may claim, because the fractional amounts being targeted can be wiped out in one bad discision.

Here is a method that I have found to be fairly consistant.
Using the Smart trader option on Fairbot which makes a profit wheather the horse wins or looses.

For Aust racing
Target horses priced between $4.00-5.50
7min till jump.
I always make the Lay bet first at 1 tick less than the Blue win price, then wait to see if it gets matched . e.g. Win price is $4.10 , make your requested lay price $4.00 then press enter.

I am going for a 2 tick difference which can be adjusted in the box at the top of the Fairbot programm.

If the lay bet gets taken up, the Trading program then automaticly places the win bet & if the price we are asking finally gets taken up, we will have locked in a profit of approx 3-5% Profit guaranteed whether it wins or looses.

If the win price goes against us, the trading warning signal starts flashing red.
I then press the hedging button which sends off a bet to minimise the loss of approx 3-5% .

I find there is a lot more leeway to be had targeting horses priced between $4.00-5.50 & more chance of securing ones match ups.

There usually is approx 1-2 horses most races to target so I will bet both.
If there are none in the race , its a no bet race.
Once a match has been secured, there is no more betting on that race.
It seems to be very consistant.

It is important to try & start the process approx 7 min out from jump time.
Otherewise it is too hard to get matched say 1-2 mins out from jump time.

One can always cancell the bet if our initial lay bet does not get taken up say 3 min to jump time.

Its very much a waiting game & it usually pays off.

It would be interesting to see what other Trading ideas that some of you have come accross & would'nt mind sharing.

Cheers.

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Cheers.

Thanks for those tips, i have only just got fairbot and have been playing with some of the options.

Bgahwan.

Have you ever used my "Lay " method .

1000 - 1100 M

Fav

Must be a Backmarker.

Cheers.
darky.

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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Can you explain the hedging part if the price goes against us we need to dutch all for the win? correct

You divide your profit or loss on one horse by it's current price and place a lay bet for that amount, which distributes your profit or loss amongst the field.

__________________
RaceCensus - powerful system testing software.
Now with over 422,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/07/2025
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg