6 Betfair Exchange Trading for Beginners: Types of Trade Explained
Types of Betfair Trade – Explained
The types of trade you can make on the Betfair Exchange fall into 3 main categories and I will explain them all in detail, the 3 types of trade are:
1) Scalping
2) Swing Trading
3) Cross-Market Trading
Scalping
Scalping is a where you are backing and laying just a few ticks apart in quick succession to tie in small profits. This is a lower risk, lower reward strategy. It is usually done on markets where the price is moving fast and the trades usually last a few seconds rather than minutes.
An example of this is:
Where you back a horse before the race at 1.80 and the price drops to 1.79 to lay, you would get a one tick scalping trade here.
Swing Trading
This is the most common type of trading on the Betfair exchange, it still requires the movement of odds but this is usually a greater movement. The risk here is increased but because of this so is the return.
Things move very quickly in this type of trading for example goals, players being broken or even a wicket in cricket. That is what causes the price to move with this kind of trade, information/events/weight of money.
Cross-Market Trading
This one can be quite complicated and not what I would recommend for a beginner, put simply this is where you trade on multiple markets and example of this would be trading on the correct score market on Betfair while also trading on the Unders/Overs market as well.
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