How I Make Big Money Betfair Trading Horse Races Overnight

[00:00] So excuse the poor light quality, but you can see it's dark outside and that is because it's about half past three in the morning and I'm just in the final run in on the Melbourne Cup.

[00:12] Uh, yeah, you know, I will get up in the middle of the night to trade a horse race, uh, but especially something like the Melbourne Cup.

[00:26] outside of Australia as well. Um, but one of the things I wanted to share with you was, um, how I came and the very, very first Melbourne Cup that I attempted to trade.

[00:44] Um, I'd have to check on that, but I will put an image up on the screen for you But my full introduction to Australian racing, uh, involved, uh, my ability

[00:58] And, and as I record this video, I have my finger in a splint, um, because I Um, in an accident, uh, on my mountain bike recently.

[01:12] But the reason for sharing this with you is this describes my attitudes to many different things, and it's something that I've picked up over the years. I used to be, um, sort of relatively, uh, cautious and sort of, um, I'm

[01:25] Um, you know, I always stayed well within my comfort zone when I was young. Um, but as I grew older, and especially when I started trading, what I tried out, you know, how far can you push something without pushing it too far.

[01:42] life, and especially on the mountain bike. Uh, you know, when I'm careering down a hill sort of 30, 35 miles an hour, um, you're always sort of right on the edge of what you can do.

[01:56] Uh, but every now and again, unfortunately, um, it does go wrong. I'm always trying to find that boundary, find my limit of what I can do competently, apart from when you're trading, you know, if

[02:09] you, um, go over the edge there, it just ends up as a monetary loss. look for opportunities, um, then you'll never find them. Because trading is all about taking risk, not avoiding it.

[02:24] And my introduction to, um, Australian racing and my reason for doing Australian Because the funny thing was, is that. to other stuff that was going on.

[02:37] But my true introduction to Australian racing, uh, was when I actually had an accident and basically my back hurt so much I was unable to sleep. So I got up in the middle of the night, it happened to be a Saturday.

[02:49] do some paperwork or stuff like that. But inevitably I sort of gravitated to the markets and I looked down These races were turning over decent amounts of money and I'm thinking,

[03:01] I'm used to trading in the uk. And the rest, as they say, is history. And it's become sort of just part and parcel of something

[03:16] Um, but there are also other, um, foreign race meetings that I trade as well, um, that have sort of come into the mix over time. aware of as to whether you should participate or not in these markets,

[03:31] uh, which is what I'll discuss next, which is what I'll discuss next. So it is true, I will get up in the middle of the night to trade a horse

[03:43] race, and the reason for doing that is whenever you get a big race meeting somewhere, that usually produces a big betting market and a big betting market So it is inevitable over time.

[03:56] What I'd learned, um, on UK horse racing, I would start to transplant elsewhere, So the sort of tactics and knowledge that I have in UK racing applies equally to French, uh, racing, to racing in the United States and also

[04:10] into Australia, and of course, the biggest race of the year in Australia. Well, there's been a lot of money matched on the exchanges over here, uh, in the UK where, uh, what are we now in the, uh, wind market where 1.7 million quid,

[04:26] to invest and that we'll bring you the race live and all the buildup after this. occur, uh, towards the end of the year.

[04:41] period within the year, then you get a sequence of high profile The first one is the pre de lark de tri.

[04:53] Um, in Longshore in France, number two and that particular day, uh, with the pri de lark in it, um, has always been a good trading day for me. The only downside is that is on a Sunday, and I generally don't trade Sundays.

[05:08] You need to have a cutoff point somewhere, but I will trade on a Sunday Um, as we move into the late October and early November, uh, what you tend to

[05:21] find is that you get a buildup of group racing in Australia, and that's all sort But the interesting thing is on that first day on, uh, Victoria Derby Day,

[05:33] um, of the Melbourne Cup meeting, uh, we also have the Breeder's Cup in the US and the Breeder's Cup is pretty much the only US racing that I'll trade. The Friday is a bit sort of, um, and that will be late UK time.

[05:50] And again, if it's on the west coast of the us. And, uh, typically in places like Del Mar or Santa Anita, then you get, um, uh, that will take place sort of, uh, very late at night.

[06:05] And of course, if you combine that with. probably be up in the morning for the Melbourne Cup meeting on that Saturday.

[06:17] move on to the Breeders Cup. So it's a bit of a marathon if you really want to go for it on this particular day. Um, you get um, like a triple, I was gonna say double bubble, but it's a triple

[06:31] The Breeders Cup and the Australian racing. Um, so yeah, you know, that is a really good sort of end and start Um, and it's one of my favorite weeks of the year because it's a week where I know

[06:46] that there's gonna be lots of quality around, and I can really throw a lot of effort at those markets because they're gonna have good liquidity and good volume. You know, you tend to get a number of different meetings, but there's quite a

[06:59] nice little cluster in October, November. Dubai World Cup, but in recent years, that hasn't performed quite as well, Uh, maybe that explains, uh, part of the reason, I don't know why that

[07:15] has, uh, declined in significance and maybe, uh, somebody can offer me. Uh, some comment on why they think that perhaps is occurring. But yeah, um, all of those meetings are certainly worth your attention

[07:27] and especially around that October, November time of the year. So if we focus on this October, November sort of time, one of the interesting, um, things that you'll notice here is how these markets trade in comparison

[07:41] schedule of, uh, meeting, stopping and starting, and nice little gaps between them and money flows from one to the other and stuff like that. of October, the pre delighted tri off.

[07:57] Um, what you tend to find is all of the focus is on that particular meeting. And as a consequence, the money sort of, um, comes in. starts to put their final bets down.

[08:10] But the, the volume is sort of steady and progressive over the course, um, of that particular timing between the previous race and the next race. If you, uh, trade the Breeders Cup, you have a look at those markets, especially

[08:25] around the big races, um, then you will see a similar pattern of activity. but necessarily you always do get that little spike towards the end. consistent over a period of time.

[08:40] It's not the same sort of velocity that you would get in the uk. you may trade the market for a bit longer.

[08:54] When we look at something like the Melbourne Cup as well, Um, that, that sort of behaves a bit like a grand national market in that the volume

[09:06] And again, you get that little uptick of activity towards the end of the race. Um, but the money comes in fairly consistently over a long period of time. However, when we look at the normal, um, Australian racing and those InBetween sort

[09:20] of, um, races are that are either on the, uh, Flemington card or elsewhere within. typically see within the uk. big burst of volume towards the end.

[09:37] markets trade in a similar manner to the uk, but perhaps not so much. Um, or the Breeders Cup, uh, but whichever one of those you're looking

[09:49] that you'll sort of understand the subtle differences between what you And if it's the first time that you've traded, don't expect, um, to be able It may take a little bit of.

[10:04] Practice to be able to get used to the way that these markets feel. And what I tend to do is I tend to make notes every year on what happened in year for the first time in 12 months, I know exactly uh, what to expect.

[10:20] time, that you should do as well. for are big betting markets. And when you're looking at a trading market, you need, or the perfect

[10:38] So if you get volume and liquidity, uh, those are the two key characteristics that draw my attention to a market and it's, it's worth exploring.

[10:50] Both of these, uh, to understand why you would target certain types of 'cause when you talk about volume, that's pretty self-explanatory. If a market does 500 pound, that's not gonna be as good as a market that does

[11:03] 500,000 pound or maybe 5 million pound. generally a proxy for how interested in people are in that particular market.

[11:15] better the market is to trade. Now, when we talk about liquidity, uh, volume is not liquidity. that is getting matched per second.

[11:28] But if that's over the course of six months and it's doing, And the reason that liquidity is important because it, it significantly

[11:41] If you put an order in the market for 500 pounds, but it's only getting chipped away at, you know, tenors and five, this here, or maybe the odd 50 quid, or. that position if you've got it wrong.

[11:57] stuff is getting matched at many thousands of pounds a second, then you can put I'm going to get rid of that order. You don't have to wait for that order to get filled, and therefore the

[12:14] So the amount of money that's getting matched per second, the liquidity. Uh, it makes for a very interesting market, and if you get the volume and the liquidity at the same time, then that makes for a superb market, which is why

[12:28] I find all of these high profile meetings that are stated around the globe, um, as very, very interesting and why I'll get up in the middle of the night to trade them. So all of these, uh, overseas race meetings are something that supplement

[12:42] I sort of. I didn't sort of do them and then try and work out how to do UK racing. skills and abilities to do all of these other race meetings as well.

[12:57] They're subtly different, but there are opportunities there if you want them, but that may involve having to get up early in the UK or work Getting up in the middle of the night for the Melbourne Cup.

[13:11] There are opportunities there, so when you turn up for these markets for the When I traded the Melbourne Cup, it took me like two or three years of getting

[13:23] To actually completely work out exactly what I was supposed to be doing and why, and the subtle differences between the two. are plenty of opportunities around at this time of year for you to dabble into those

[13:39] number of opportunities that you can find. positive people, opportunities.