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When trading on the exchanges it is a good idea to manage your money well. You dont want to be putting £50 on a 10/1 horse hoping the price will shorten, and the price goes the other way leaving you with a massive loss.
The best advice I can give is to manage your bank by point sizes. If you have a bank of £1000, aim to win £1 for every point difference in the odds.
| Stake | Increment | Odds
From |
Odds To |
| £100 | 1% | 1.01 | 2.00 |
| £50 | 2% | 2.02 | 3.00 |
| £20 | 5% | 3.05 | 4.00 |
| £10 | 10% | 4.10 | 6.00 |
| £5 | 20% | 6.20 | 10.00 |
| £2 | 50% | 10.50 | 20.00 |
If a horse if priced up at 1.70 on betfair, the price will increase or decrease by increments of 0.01. If the price is 3.2 on betfair then the price will increase or decrease by 0.05, etc
If you backed a horse at odds of 3.2 and wanted to make £1 per point every time the market moved, then you would back £20 per point, and lay £20 per point.
Example:
If
you managed to secure the above trade 5 times, you would make a £5
no risk bet.
If the odds were between 6.2 and 10.00 then with a £1000 bank you would back £5 and lay £5 per point movement in the market.
Example:
Obviously the above table is based on bank size, if you have a £1000 bank then stick to the above. If you have a £10,000 bank then x's everything by 10. Its all relative to your bank size.
