Friday, March 20, 2009

Iffy start

You could be forgiven for thinking this refers to the week or day, but no, this post is all about using TV pictures to trade. I tend to have at least one TV screen up and running with the volume set at a suitable level. In between poking around on the Bet Angel screen I am always listening to what is happening on course and looking for anything interesting. This week has thrown up lots of opportunities. The one I will highlight is 'Iffy'. This horse was running at Ludlow and it lived up to it's name.

Looking at the pictures, it looked remarkably reluctant to race and after several attempts it did eventually race, but someway behind the other horses. At the first since of recalcitrance the price started to drift and continued to do so till the start of the race, a relatively easy trading opportunity. From that point on the drift took on another dimension as the horse plodded off from the start. Eventually the jockey got 'Iffy' motoring back into contention but it ran out of steam.

This week has thrown up loads of these opportunities and a bit of a classic today when 'King Penda' chucked the jockey twice before eventually starting the race. This caused the price to drift from 5 to 8 at the start. Keeping an eye pictures is a useful way to exploit these sorts of opportunties and expand your trading.

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