General Betting
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Ive been trading the horses in-play or rather letting my bets run inplay. Alot of my picks have gone on too win recently but i have traded out at some point during the race for a all green card.
However it feels like I lose money when they go on to win, is this part of the psychology I will have to get use to trading horses inplay and if so how do you deal with this issue?
However it feels like I lose money when they go on to win, is this part of the psychology I will have to get use to trading horses inplay and if so how do you deal with this issue?
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I don't have an issue with it (watching my green-up horse going on to win).
Take it on the chin, as they say, and move on to the next race.
If you're on here to trade, then trade!
Take it on the chin, as they say, and move on to the next race.
If you're on here to trade, then trade!
Henry,
This posting [http://vendire-ludorum.blogspot.com/2011/05/betfair-in-play-trading-minimax... might throw some light on your psychological position.
John
This posting [http://vendire-ludorum.blogspot.com/2011/05/betfair-in-play-trading-minimax... might throw some light on your psychological position.
John
Generally speaking, the old adage "Cut short losses and let winnings run", holds good for the IR HR market, with a couple of notable exceptions (which are critically dependent on the chosen exit price). Generally you are significantly better off exiting a deteriorating position rather than an improving one. If you are prepared to make a market to exit (rather than operate a stop loss), you will experience further improvements which should outway (again depending on price range you operate in) any missed exits through unmatched bets.
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