example of golf trading

Trading Example

had some requests for info on how to trade the golf so will run through an example and hopefully this will be of some help...

just using 1 player for now..

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ok...player A

* price is 200 and you back for 20pts

Betfair screen will show 3980.00 under his name (use the what if? option) and -20.00 under all other golfers

this means you have a potential profit of 3980pts if he wins (green) and a loss of 20pts (red) if he loses (ie any other player wins)

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* he plays well and price drops to 50

now you can Lay him for various amounts depending on how you want to go...

1/ Lay him for 20pts so clearing your stake - you now have a free bet as you have balanced your staking

if he wins, you would now win 3000pts > this is 3980 from the back bet above less your Lay bet of 980pts (20pts @ 49.0 = 980pt liability)

your screen will show 3000.00 under player A ingreen and 0.00 in green under all other players

so you have no loss risk and still have a big potential win on player A

2/ you could Lay him for 40pts - this means you have backed for 20pts and laid for 40pts so you are effectively 20pts in profit on your staking

if he wins, you would now win 2020pts > this is the original 3980pts back bet less your Lay bet of 1960pts (40pts @ 49.0 = 1960pt liability)

your screen would show 2020.00 in green under player A and 20.00 in green on all other players

so you have a green screen meaning profit on any result; a big win on player A still and small return on any other player

3/ you could Lay him for 70pts - this means you have backed for 20pts and laid for 70 making a profit on staking of 50pts

if he wins, you would now win 550pts > this is the original 3980pts back less your Lay bet of 3430pts (70pts @ 49.0 = 3430 liability)

your screen would show 550.00 under player A and 50.00 under all other players

so you have a green screen with profit on all outcomes; a decent win on player A and nice return on all other players

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* this is if price drops to 50 which is 4 times less - if the price then dropped to say 20 you have a 'tenfold' drop.. these are obviously great as your options are the same but you can use bigger amounts

eg price of 20 to Lay now... assuming you didn't Lay off at 50, you can Lay for 200pts now and have a 180pt profit on any outcome at all

> your original 200pt back was 3980pts profit and your Lay now of 200pts @ 19.0 = 3800pt liability, so 3980 less 3800 = 180pt profit on your player A

> and your original 20pt back less your new 200pt Lay = 180pt profit on any other player

> ideal situation as you have a good profit (9 times your original stake!) whatever the result

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* if the price drops more and down to say 5 then you are laughing as you can Lay for 800pts and have a green screen of 780pts on any result

> this is your 3980pt original back profit, less your new 3200pt Lay bet liability (800 @ 4.0 = 3200pts)

you now have a very good profit on any result (39 times your original stake)

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this is an example of how you can avoid losing your stake, or make a profit on all outcomes - the levels depend on the prices and how much you Lay for

simple rules are >

* practice it until you know what you are doing

* use stakes you can afford to lose (ie your bank for the event) so there is no pressure or need to recoup meaning daft decisions

* decide if you want to make small profits all-round or have free bets and potential big profit on one player

* be flexible and assess all the relevant factors - don't get drawn into a fixed price to hit

>> and hopefully you will pick the right players and trade them to make good profits... this builds the bank up and then you can either use bigger stakes or select more players