Back to back
That’s woken me up from my slumber!
A very simple strategy would have made you money trading the racing today. Get a back order filled and wait.
Somebody was in the market a lot today, as we have seen before, with seemingly infinitely deep pockets. Race after race has had one horse or another completely smashed up with huge back orders. When trading you don’t need to catch many of these to make a huge difference. I am sure a few of us got caught out early on, but when the pattern became obvious, race after race, it seemed a simple strategy to simply take some low risk backs and wait. At worst you should have just biased your trade to back first rather than lay and hope to catch one or two.
An interesting day!
Category: Horse Racing, Trading strategies
