Trading on Betfair: Switching attention to National Hunt racing
With the National Hunt season underway this week, Caan Berry explains how traders on Betfair can manage the transition from flat racing...
"Price movements on horses like these are often driven by opinions and supposed 'whispers' from those in the know and sometimes the odd small comment alone can have a knock on effect with the price."
When the racing calendar changes at this time of year, it's a time of transition for many punters as a lot of the lessons learnt during the flat season are no longer applicable.
For example, anyone trading on flat racing can take advantage of loading delays along with horses playing up going into the stalls. Horses reluctant to go in can lead to short term drifts in price depending on how awkward/distressed they are. But with no stalls required for jumps racing, this advantage disappears.
But there are of course similarities, including the opportunities to look for longer-term trades.
When National Hunt racers begin their career information tends to be limited with only those in the inner circles having a good idea of their possible aspirations. Price movements on horses like these are often driven by opinions and supposed 'whispers' from those in the know and sometimes the odd small comment alone can have a knock on effect with the price.
The Morning Line on a Saturday can often throw up such opportunities with key people invited to the studio - a small comment from someone like AP McCoy can have a huge impact on the market.
Looking at it from a broader perspective other races such as the 'Bumpers' can give away future clues as to which horses hold potential although often looking at the information on offer there isn't a great deal to use. The knock on effect in terms of the market means the pre-race exchange markets are a little volatile, often with any kind of money influencing the market coming quite late.
Because of the nature of these races I tend to ease off a little in terms of staking taking the attitude of profiting little and often instead of over-exposing my bank with large stakes.
As frustrating as it may seem to do this it often has a positive effect on the overall days results or at the very least it keeps the blood pressure down!
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