Scalping is a term used by those taking a small margin from a betting trade on an exchange.
With a background in trading, I understand this topic very well and it’s quite simple.
Firstly you don’t need to worrying about whether your horse wins, comes 2nd or last, as long as your trade matches up before the race or in running betting.
Let say you decide to scalp 20% from each trade you make, You start with £100 you back your selection at 4.1 Betfair SP and you setup you lay bet at 3.4 Betfair SP, if it hits 3.4 you have successfully matched your trade and grabbed a £20 profit.
This can also be done in the opposite direction.
Obviously the lower percentage taken the lower the risk, but also lower return.
Now for a little trick I use, which I call ‘ the rule of 72’
This is a fast calculation to show how many races it will take to double your money when scalping.
Let say you aim to scalp 20%. Well all you do is divide 72 by 20 = 3.6, This means it will take 3.6 races to double your money.
Go for 12%, 72 divided by 12 = 6, yep you’ve got it, it will take 6 races to double your money and if all you have is patience and time on your hands and go for 2.5%, 72 divided by 2.5 = 28.8 races.
So if you want to use our horse racing tips to scalp, have a wild guess how many shorten up in running by more than 20%?
With an average win strike rate above 60% and a placed strike rate above 90% it’s certainly a good place to start.
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