That is the case, since in a couple of seconds the odds skyrocketed from 4.70 to 6.60! In the following minutes the odds move inside a “tunnel” that is defined by the support and resistance levels. Notice the first blue line which bends upward when we connect the lows of the odds an indication that not only a trend has been established, but it will speed up. In this chart we can understand when a trendline accelerates. But if you dare try it and you are quite fast in trading, you might succeed.Īt 13:20 we had a very interesting graph with a lot of opportunities for profitable and probably easy trading. If you ask me whether we can apply technical analysis in trading in-play horse racing markets I won’t answer that now. That happened when the support level at 1.65 was broken. Indeed, the odds movement proves that and the odds reach 1.65 in just 2 minutes’ time and all that BEFORE the horse race starts. That is a major indication that there will be a strong trend as soon as the support level is broken. In the beginning of the graph the odds have met support at about 2.20 and they find it difficult to fall below it, although the highs are getting shorter and shorter. All those defining peaks in a Betfair graph obviously are very important in technical analysis.Īt the 13:00 race the Betfair chart shows the odds movement even after the start of the race just a few seconds before the horses cross the finish line. Additionally, 1.75 will be the support level, which if we look closely, the odds have bounced off in the beginning of trading. In the same way we draw the trendline that shows the forthcoming upward trend by connecting the previous lows. At that point the odds “bounced” and we could easily see that, since the odds broke the blue dashed line that was defined by the previous highs. Son of Flicka initially had a downward trend moving its’ odds from 2.00 to 1.75. Learn about Betfair trading and read the latest news about sports trading in my new trading blog! In that way I can discuss how to apply technical analysis in Betfair showing real examples. Besides the odds movement, I have added to the Betfair graphs some technical analysis’ elements, mainly trendlines, support and resistance levels. Here are the Betfair charts of the favorite horses of 6 horse racing betfair markets which took place yesterday. Technical analysis can be applied in Betfair betting markets and many Betfair traders make money trading with it.
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