Today I'm covering Place Betting, which will be introduced to the site for One Subscription members at the end of January.
It's a service with a difference, as it creates scope to trade in play on the selections as they produce appealing in play trading opportunities, or simply invest in the place market following the advised daily bets.
Attention in play traders this could be the holy grail!
I've highlighted in green the horses that won the races, and also the BSP to In Play Lowest odds, only for horses when the odds have moved an entire point down from BSP.
This can be played a number of ways, slightly above BSP before the race jumps, or taking SP leaving the trade to be matched in running.
The majority of viable trades highlighted would comfortably achieve enough odds movement to make the trade worthwhile.
A one point in play downward movement from starting price make these attractive trades for any in play trader, locking in enough profit overall if each was matched and traded successfully. This is where decent API software comes in handy. The bot I use as my daily go to work bench for creating strategies and trading like this is Fairbot.
The Expo Bot being launched soon will I'm hoping come pre loaded with these trades each day, and offer a manual option, hint hint Mr T (the developer). Given the selections can be loaded from a daily spreadsheet with no external sourcing required, this actually should be possible.
As an example, if we traded a horse from odds of 3.0 to 2.0 with a £10 back stake, which you can see in the results is achievable, we would be trading off at 2.0 with a £15 lay stake to lock in a £5.00 profit across every outcome. Commission would of course need to be deducted here.
As a rough example though with 29 of the 37 bets placed so far meeting this criteria, it could have produced circa £65.00 total profit taking into account the losing trades.
Looking at the number of wins or horses that came close you could in fact broaden the odds range for more profit, but I just wanted to give a simple enough example as you can see this for yourself.