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! |
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Henry,
This posting [http://vendire-ludorum.blogspot.com/2011/05/betfair-in-play-trading-minimax-regret.html] might throw some light on your psychological position. John |
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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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