{"id":10567,"date":"2015-02-22T08:30:03","date_gmt":"2015-02-22T08:30:03","guid":{"rendered":"http:\/\/www.betangel.com\/blog_wp\/?p=10567"},"modified":"2015-02-26T14:50:02","modified_gmt":"2015-02-26T14:50:02","slug":"automated-trading-betfair-steamer-bot","status":"publish","type":"post","link":"https:\/\/www.betfairtradingblog.com\/blog_wp\/2015\/02\/22\/automated-trading-betfair-steamer-bot\/","title":{"rendered":"Automated trading on Betfair – Profiting from a steamer"},"content":{"rendered":"

When a horse starts getting backed, people will often pile into the gamble and the price will steam in. You can benefit from this, using Bet Angel’s automation tools…<\/strong><\/p>\n

One of the best trades to pick up on in a horse racing market is a\u00a0jolly good ‘steamer’<\/strong>. That is horse racing parlance for a horse who keeps on getting backed and backed, the opposite to a ‘drifter’. There can be any number of reasons for this to happen but one of them is definitely psychological. When people see money coming for a horse they feel the market may know something they don’t. Perhaps the horse is being presented for a win,\u00a0does the yard know something?<\/strong>\u00a0So seeing the price of the horse shorten then jump aboard for the gamble by backing it. As a result the price gets even shorter and before long more people have joined in the fun.<\/p>\n

From a trading perspective\u00a0‘steamers’ or gambled horses are great because you can trade the market actively<\/strong>, get a profit and be left with none of the risk. Not all gambled horse win by any measure and therefore an outright punt on one of these horses can be a risky business. Trading is\u00a0much less risky<\/strong>\u00a0and you can profit regardless of who wins.<\/p>\n

There are many ways to spot a steamer and\u00a0on Bet Angel you can get it to look for and trade one automatically<\/strong>. To benefit from a steamer you need to back at the first opportunity, when you spot the gamble taking place, then exit just before the start of the race to take either a free bet or a profit whatever the result of the race.<\/p>\n

Using the automation on Bet Angel you can ‘spot’ a steamer<\/strong>\u00a0by comparing recent price activity against past activity. To simplify the process for you I have produced a video that you can use to replicate this, which you can view below.<\/p>\n

In summary, by trading rather than punting a gambled horse you can profit whatever the result of the race, rather than crossing your fingers and acting on a hunch!<\/p>\n