2 HOW DOES TRADING WORK?. 4 HOW THE SYSTEM WORKS. 6 WHAT IF IT GOES WRONG?. 13 A RECAP. 15 BANKROLL. 16 A SUCCESSFUL TRADE EXAMPLE.

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3 Table of Contents Disclaimer... 2 HOW DOES TRADING WORK?... 4 HOW THE SYSTEM WORKS... 6 WHAT IF IT GOES WRONG? A RECAP BANKROLL A SUCCESSFUL TRADE EXAMPLE HOW TO MAKE 160 PER DAY FINAL THOUGHTS... 19

4 HOW DOES TRADING WORK? Trading on the horses is a very profitable way to make money and there are many people working from home trading on horse racing. However, it can be very difficult to get into the correct mind- set when trading. Contained in the following pages is a system that will ensure that you can make a profit every month. The first thing to understand when trading is that it s completely different to gambling or simply backing a horse to win. What we re doing is buying and selling a horses chance in any given race. Let me explain. When you go into a bookie, or strike a bet on- line, the bookmaker is selling us the chance of that horse winning. What this means is, that as a trader we want to back a horse to win when the odds are higher and then lay it to lose when the odds are lower. Looking at the image below we can see that the odds on this horse are 3.35 to back. When these odds have shortened, like in the image below, we can now see that the odds have shortened, and we would be looking to close out our trade by laying the selection. What we ve done is buy the horses chance of winning the race when the market thought it only had a 29.85% chance of winning and, when the market thinks it has a 42.74% chance of winning, we sell it back for more than we bought it. In terms of race betting we have backed at high odds of 3.35 and then layed it at lower odds of 2.34.

5 It s exactly the same as buying and selling on the stock market. Now that we know how trading works and what the fundamentals are, let s go into how we re going to find the opportunities that are going to bring us profits!

6 HOW THE SYSTEM WORKS The first thing to remember is that when looking for horses to trade on we re not looking for a winner. I know that sounds counter- intuitive but bear with me. What we re looking for are horses that are overpriced but likely to be backed in by the market and have their odds shorten so that we can lay it off and make a profit! For this system we will be monitoring the first three races of the day at each course and then considering trades on the remaining races. Before we get into the system, it s important to know the statistic that a horse s starting price is an accurate reflection of its true chance of winning the race. But what most people don t know is that the odds can be completely skewed by the bookmaker. And here is how: Imagine the scene in bookies up and down the country as people start to place their bets, some of the most popular bet types are the Lucky 15, Yankee and the Canadian. You may be surprised to learn that when placing these bets the majority of the betting public don t even ask what odds they re getting, and it s because of this that we can make excellent profits. Inside a bookmakers headquarters all the bets coming in are monitored by the head office so that they can check how much money is being placed on an individual horse. How the general public bets will also affect how the odds move on horses. There are numerous different outcomes, but we are looking for just one of them. And when this pattern occurs we can strike a trade! This pattern happens almost every day and I m going to share it with you now. We consider each course to be independent in terms of our betting and monitoring and we monitor each of the first three races at each course. We are looking for at least two of these three races to be won by either the first or second favourite. If they are then we can look for trades in the remaining races on the course that day. If they don t then we don t bet on this course for that day. The reason that we are looking for this situation in the first three races is because this brings out a unique situation. Because the short priced horses have won the first races, the on- course bookmakers will have not only had to pay out a lot of money to the winning punters in the first races of the

7 day, but will also stand to lose a lot of money on the punters who have had exotic bets which included the favourites. I can guarantee you that this something no bookie wants! They start to get wary of the horses at the front of the market, the favourites and second favourites, and so in the following races they start to drop the odds. And it is this phenomenon that we can take advantage of to make our trading profits. This is how we do it Using the card below as an example, you can see that I ve highlighted the last three races on it in red. These will be the races we re going to be focussing on, I missed the 7:50 race this day but we could have used that as well. Remember we re looking for the situation where bookies will be shortening the prices on horses because they ve built up a large liability in earlier races. Now we head over to the Odds Checker website ( to find a crucial piece of information out. On every race card there you ll see a pie chart, similar to the one below, at the bottom of every race. This pie chart tells us which horse has had the most bets on it.

8 We are looking for the horse that has had the most money traded on it, or the biggest segment of the pie. At the time of writing this is always the horse with the colour yellow. Autun is the most bet on horse in the 8.20 at Kempton. We then look at the 8.50: And then the 9.20: These are our three possible trades in these races. If we haven t been monitoring the first three races then we need to look at the results to determine how we re going to go about our trade. You want to be starting this no less than twenty minutes before the off your first potential trade.

9 In our example where the first possible trade is 8.20, we go to the Racing Post Results page at 8.00, which you can see below. Looking through the first three race results for this course, one favourite has won and in the other two the second favourites one. This means that the bookies have already paid out a lot to winners and there s going to be a large number of multiple bets rolling onto the favourite in the 8.20 race. Ten minutes before the race off we place our first bet. It is very important that you do this ten minutes before the race. If you leave it any later then you may have missed the opportunity to maximise the trade!

10 IMPORTANT RULE 1: You must place your back bet 10 minutes before the off As you can see below, I ve used a trading stake of 20 on our selection Autun. We then place our lay bet at around 60 seconds before the off. On this occasion we only got a very small movement on Autun, usually we get a profit of around 10% on our trades, but even though we didn t get much movement we still made a small profit by trading out before the off, as you can see below.

11 Before we move on to the next race at this course we must make sure that the race is still going to be eligible for a trade. This is another very important rule. IMPORTANT RULE 2: If the favourite wins any race after the first three, we then don t trade on the rest of the races. In our first trade above, Autun was the favourite and only managed a second place. This means that the next race is still eligible for us to trade on! So, ten minutes before the off, we back the horse that has been most bet on using the Odds Checker pie chart Noble Gift. The odds available are 2.80, as you can see below. Then 60 seconds before the off I placed the lay bet on Noble: We have now made another successful trade, and it took literally just a few minutes to do! Don t forget that because you re trading your bankroll is not at risk. When trading even trades that make just 0.50p profit can add up to 540 or more across a month of racing. In this race Noble Gift was the favourite and won, so we don t trade any more races at this course today. So there you have it, it is as simple as that! There is one more thing before we look at what to do if the market moves the wrong way. When you place your lay bet you have two options: OPTION 1 You can place the same stake when you lay as you did when you placed your back bet. This doesn t give you a guaranteed profit but gives you a risk- free bet on the selection that will make a profit if the horse wins but no loss if it loses.

12 OPTION 2 Alternatively, and my personal preference, is that you can change your stake slightly green up. This is where you make a guaranteed profit whichever runner wins the race. In order to do this we need to do a very simple sum to work out our lay stake Take the potential profit on your back bet, shown on Betfair under the horse s name, and add the stake to it. You then divide this by the odds on offer for your lay bet. Using our above example we can see that the potential profit on Noble Gift was and the stake was 20 for a total of The lay odds were 2.78 which means our sum is divided by 2.78 = We place a lay bet of to green up and get a guaranteed profit in this race.

13 WHAT IF IT GOES WRONG? Despite all our best intentions and research, sometimes the market moves the wrong way. When this happens it s important that we know what to do. As we re monitoring the race 10 minutes before the off we need to keep an eye on the weight of money that is coming into the market. Looking at the image below will help me to explain what this means. In the above example, there s more money on the blue side (available to back) than there is on the pink side (available to lay). This means that there are more people trying to lay the horse than there are trying to back it. In terms of odds it means that the price will start to drift or get larger. If there was more money on the pink side then this would mean that more people are trying to back the horse than lay it, and odds would start to shorten or get lower. The rule I use is that if the odds move out or hits 0.50 more than the odds we got on our back bet, then I suggest that you trade out for a small loss. For example

14 If you ve backed the horse at 5.2 like in the image below. Unfortunately the odds move the wrong way and reach 5.7. It s now moved out 0.50 so we need to trade out. We use the method of greening to calculate the stake we need to place on our lay bet, which in this case is By trading out at this stage we will have spread our loss to just 1.76 from a 20 trade. When you first start using this method it may seem that the weight of money figures jump around quite quickly. Reading them will become second nature and I suggest you spend a bit of time practicing before you start to trade live.

15 A RECAP Let s just have a quick recap of what we need to do in order to find profitable trades. 1) Monitor the first three races at each course. 2) If one of the top two runners wins at least two of the first three races, then we have potential trades at the other races on the course. 3) Use Odds Checker to find the horses that have been bet on most in the next race during the early afternoon. 4) Make a note of these horses. 5) 10 minutes before the race goes off, place your Back stake on the horse you noted in step 3. 6) Just before the race goes off, place a lay bet for either a risk- free bet or to green up. 7) If the favourite won a race after the first three we no longer place trades at this course. Otherwise we repeat the process in the next race. If you follow these six simple steps then you will find that you are going to be profitably trading within the next few days!

16 BANKROLL As with all betting, one of the most important factors when trading is having the correct bankroll. If we bet too much and hit a few losers then we risk our entire bankroll so it is vital that before we start we have a suitable bank to protect us from any losing streaks. I always trade with 5% of my bank and then compound this as I make my profits. So, if you were to start with a bank of 100 then you should start your trades at 5.00 stakes. If you had a 1000 bankroll then you would start your trades at 50 etc...

17 A SUCCESSFUL TRADE EXAMPLE In the example below there were two favourite winners earlier at this course. This makes this race the perfect trade for us. As you can see it was a successful trade and no matter what happened we would have made a no- risk 3.89p profit to just a 20 bet which is a profit of nearly 20% on our trade!

18 HOW TO MAKE 160 PER DAY Our goal in this guide is to get you making a profit of 160 per day, and this is a very realistic goal. You will find that your trades on average make you a 10% ROI (return on investment). Of course, some days the profit will be a lot lower and on others it will be a lot higher, but this is the average. You can expect about five to six trades per day, which means that you need to be trading at 250 stakes to make an average of 160 per day. Although this sounds high, because we are trading the risk is much lower than normal straight win betting. You shouldn t start at this level though. It s important to get comfortable with the method first. Here is your roadmap to generating 160 per day from this system: 1. Start with 20 stakes and use this for four weeks as you learn the system. This will make you 10 to 12 per day 2. Grow your bankroll to 50 stakes and when you reach this level take out Use 40 stakes and grow until you reach 100 stakes and when you reach this level take out 1250 profit 4. Use 75 stakes and grow until you reach 150 stakes and take out Use 100 stakes and grow until 300 stakes and take out Take out 2500 and go back to using 250 stakes 7. Every time you reach 300 stakes take out 2500 and start again at 250 stakes Stick to the roadmap above and you will be surprised at how quick you reach step 6 and a life changing extra income!

19 FINAL THOUGHTS This is a very powerful technique for making daily profits, but you should practice this trading technique before trying it with real money. Go through the selection process and get a feel for the system. If you re predicting that the selections will shorten up more often than not then you re ready to start to trading for real! Stick to the bankroll rules and our roadmap and you will see a steady growth in your bankroll!