The scratch business is probably the single most important key to success in the short term scalping UK horseracing markets on Betfair. Being able to lay back and at the same price without losing, and even without having to pay a commission to the round-turn, so the benefits that it has to use to the absolute maximum. Anyone who learns how to use this powerful get out of jail free card to it’s full effect will make money as a scalper. A scratch commerce is an attractive business because it will often get you out of the market before the price will be against you. A scratch business can cost you a few profits but it is a loss that they save you that are important
The scratch business is like a house edge that is actually in favor :. With the bid and offer can make one tick profit if the market does not move at all, 2 ticks profit if the price moves in your direction, or you can break even if the price goes against you.
For example, the market is 2.34 minute and 2.36 available and 2:36 is trading heavily and is about to go to bid. You click the bids for 2.36 make the market go 2:36 and 2:38 offer available. Others join the queue behind you wanted to put on make 2.36 2.36 constantly buying and as the market continues to trade at 2:36 you fit on the full amount, but the market still 2.36 / 2:38. You are now in a position to participate in a bid to try to back in 2:38 and try to make instant 1 tick profit without the market to go up. The price can remain at 2.36 / 2:38 as long as both parties are business you have a chance to make instant profits without the need for the market to move at all. If you believe the price is going to continue to rise, you can reinstall your tick higher at 2.40. Now you’re just asking for 1 tick higher motion to have the ability to do two tick profit. And if the price does not go up to 2.40, but actually goes down to 2.34 / 2.36 you can quickly try and bake your position at 2:36 to get out without a loss.
To attract business, if the market was the same as you could have made a profit if the market went up you would have twice as big a profit, and if the market went down you had a good chance of break even. With odds like that you can do your business by browsing a coin and still make money. The skill is not picking market direction but in response to what the market does as soon as you have been filled. The advantage of using this small profit is not only the speed you can achieve such a small profit, but also the fact that the bid and offer makes such a huge difference in your profits and losses. Couple that with being able to get it wrong, but still not lose anything and you have the formula for being able to creep forward slowly without having to know anything at all about the horse that you are trading in.
With all the benefits that short-term traders have, such as the ability to hold back and selects moments of his, all he has to do is to get only 50% of their business produce 1 logo profits, 30% of the break even and 20% of them take 1 signal loss. If you can do that you can be a full-time professional trader on Betfair, the same with all the elements that full time gamblers go through like losing run, bad patches and bad luck, lack of confidence, chasing losses, etc.
Scratch trade should aggressively sought a short-term trader. Far from being a waste of time or a missed opportunity for profit when the price goes way right after you get out, traders with the most basic transactions are the most consistently profitable operators in the rate environment because they are the least vulnerable to unexpected actions. They are not successful because they are always working, but because they are not losing.