I’m a great fan of quick to implement trading strategies with the mission of making a quick buck and then moving on to make another quick buck by using the rinse and repeat procedure.
It’s an approach favoured by many as it allows them to bet and trade around their daily work or homelife commitments.
This method was born from the steamers section on the At The Races website as outlined below.
Let’s move onto the rules for this simple but profitable method;
1). Go to:
You will then see the ‘Market Movers’ tab that we click on;
Once we click on ‘Market Movers’ we next focus on the ‘Steamers’ and we look at the ‘Last Show’ and look to Lay any Steamer priced at 2.50 (6/4) or below. Take the example below we only have one qualifier and that is ‘Gosheven’ at 0.91 (10/11).
To recap; We are aiming to Lay selections that are ‘overbet’ as a result of tipster recommendations. Yes there might have been value if you managed to get the ‘early price’ but there comes a point when they can become extremely ‘Bad Value’ and that’s when they appear on the ‘Steamer’ section of At The Races.
Staking and Betting Bank…
We stake ‘1’ point on each qualifier and a bank of 50pts is fine.
Therefore, if your unit stake is £10 your bank would be 50 x £10 = £500.
Thinking it through to its logical conclusion it does make sense. These steamed horses that are backed heavily early on when they were supposed ‘value’ would in theory now be ‘bad value’ once the price has crashed. The trick is to Lay as close to its recorded steamed price as possible.
This game would be very easy to profit from if the steamed price still offered value as we’d simply need to back them and collect for a long term profit. If only!
However, we all know it’s not that simple, so maybe the only way to get the edge using a price based approach would be to Lay close to the crashed price. Also to make sure we can profit after paying the exchange commission on all winning bets.
It may be worth a trial of your own for a few months as there will be no shortage of liquidity at this end of the market due to laying at prices of 2.0 – 2.5 which are normally the favourites.