New trading strategies to try out on Betdaq
I was doing a bit of searching online to try and find an excel sheet to help me make my own hedging calculator and I stumbled on some other ideas to try with trading. I will be giving them a go in Learning mode in BetIE. That way I don’t have to risk any cash to try them out.
Here is the first of the bunch…
Correct Score market
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This Hedging strategy relies on a decrease in the odds of the 1-1 score line in the Correct Score market, after a goal is scored or two goals are scored to get the score to 1-1.
Whether you are a seasoned trader or a beginner, this strategy offers quite a safe way of trading.
Providing you stake correctly, you could make good percentage profits on your initial stake if you are able to Hedge using this strategy.
The big advantage of this strategy is that it is a Bet First Hedge, rather than a Lay First hedge.
Whenever you use a Lay First hedge (odds increasing), your profit will always be less than your original Lay stake, but with a Bet First hedge, (odds decreasing), your profit can be much bigger than your original Bet stake.
This means that the potential profits from this Hedge of the Correct Score Market can be very good. If events go against you, a Dutching strategy is provided to enable you to continue trading in the match.
The big odds available for this exit strategy can make this Hedging of the 1-1 score line strategy quite a safe way of trading football matches.
Basic Strategy.
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Before the kick-off, place a 1-1 Bet in the Correct Score market.
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Place an Insurance Bet.
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Whilst there are no goals, do nothing – you will break even.
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After a goal is scored, Lay your original 1-1 Bet score line to profit if the Lay odds are lower than your original Bet odds.
Examples of risks.
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A goal may be scored but the 1-1 odds may not shorten sufficiently to enable a successful Hedge.
For example, the first goal may be scored very early in the game, or if the game is looking very one-sided, the market may judge that the losing side will not equalize to get the score to 1-1.
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2 quick goals scored by the same side can take the score to 2-0 or 0-2 before we have had time to place our 1-1 Lay or exit strategy bets whilst the score is 1-0 or 0-1.
This type of problem of course applies to other strategies.
If you were trading the Draw in the Match Odds market, a quick goal by both sides taking the score to 1-1, would cause trading problems.
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This is from the site that wants to sell the Excel spreadsheets to help you work all the numbers out for the hedging so that you can get greened up properly. Do a search for hedging spread sheet and you will find it if you want to purchase the spreadsheets.
What I will do is give this a try on Saturday and let you know how it goes. I will be doing this with Betdaq because they have a 2% commission offer on at the moment and that is a great deal compared to Betfair’s 5%. Also I may try out the Betdaq Trader software which is Java so I can run on the Mac native.
BetIE is what I will use for the testing though and I may also take a look at the beta software version of BetAngel for Betdaq.
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