Horse Racing scalping pre-race

When scalping in horse racing you need to use markets where price is quite stable, usually it’s on favourite. In pre-race scalping only small tick movement is used. In stock markets there is a theory ‘bouncing ball’, it can be applied to sports trading as well, especially to horse racing.

 

First of all, to be easier, you’ll need some trading software, for example, Gruss Betting Assistant or Geeks Toy.

 

Use this strategy in markets about 12 minutes before the race starts, as then markets are most active, of course this can vary depending from different factors such as amount of other races in same day, popularity, etc.

 

First thing to do after opening the market you should find previous points of resistance. These are the lowest and highest prices for a horse market. For example, previous highest point in a graph is 3.4 and lowest 3.2. Now you need to put Back order at 3.4 and Lay order at 3.2 and wait for them to get matched, obliviously lay bet should be a bit larger to get profit on all results. Also remember to look for the spots where there is little money as you’ll get in top of queue so you’ll be matched faster. There is option to place bets separately too. Put a Back bet at a higher price(top point of resistance) and wait for it price to come down, then lay it or do it vice versa(lay then back).

 

Of course there are risks too, price can move other way from point of resistance, this is called a breakout, in that case you should get out quickly and don’t hope that price will move back to your position! This can lead you to more loss. You can set betting software to red out automatically if things go wrong way.