The method that I am having some success with at the moment is placing a high back bet and a low lay bet into the market slightly out of the current price range, especially where I can be close to the front of the queue. (This will be more important as stake size increases) If the price moves in either direction closer to my own back or lay position I can then place an opposing bet and hope the price movement continues on. For example assume a horse is trading at odds of 4.4 and I have a back bet at 4.6 and a lay bet at 4.2. Assume now that the weight of money starts to force the price in. As the price hits 4.3 I will enter a back trade and hope that the swing continues on to accept my lay bet at 4.2 also. I will have have successfully traded for a tick if this method works. One the price settles I do the same and try and repeat as many times as possible before the off. This method prevents me from trying to guess which way the price will go and puts me in a position to win whichever way the price moves. All I have to ensure is that my timing is right to put in my counter trade and that the price movement continues so that my original bet is taken out too.
This seems to work best where there is reasonable volatility. You don’t want to enter your initial bets too far out of the current range and equally you do not want so much volatility that you cant get your counter trade in before your initial bet gets taken.
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