Last Updated on February 21, 2019 by Sports Trading Life
Trading the CORRECT SCORE market on Betfair can be one of the most exciting markets to trade due to the big prices that are available and, hence, the big profits that can be made too. However, it is important to consider that the Correct Score market is also one of the hardest football markets to master and should also not be treated in the same way as other football trading markets.
Here are some tips to help you with your Correct Score market trading:
Understand How The Correct Score Markets Move
There are so many results covered in the Correct Score and almost every match has a different profile so it is hard to have a “one size” fits all approach to this market. The markets behave wildly different depending on the competitiveness of the match and so it is important to understand this before you even put a penny in the markets. Therefore, watch how the Correct Score markets move in-play and how they react as goals go or don’t go in. Your trading bank will thank you later believe me!
Know how the markets react if no early goals
As above, you really need to study the markets before beginning to create your own strategies for the Correct Score market. If you are taking a position in the Correct Score market because you do not think there will be goals early on then you should know which prices you should expect to steam in and which will drift. In most football matches, the prices of 1-0, 0-0 and 0-1 always steam in once the match is in-play. Scores like 2-0 or 0-2 can also steam in too but it depends on the strength of the favourite. The further odds-on a favourite is priced the more likely you will see 2-0 and even 3-0 steam in even with no goals being scored. Most other results that require 3+ goals will usually start drifting immediately from kick off. With this in mind it is already now a bit easier to start creating a strategy.
Know how the markets react to early goals
When goals are scored early this can usually cause most Correct Score traders a lot of panic. Previously, from the 3 scorelines that would steam in (1-0, 0-0 or 0-1) you will find that 2 of them are dead and the single remaining scoreline of either 1-0 or 0-1 has actually drifted in price and will probably now be the same price the 0-0 was before the goal. At this point you then have to assume the 2-0 and 1-1 scorelines will act similar to how 1-0 and 0-1 would have acted before the goal and they will now be the prices steaming. It sounds confusing but is not so hard to understand once it is in-play.
Be Prepared To Go Bust
The Correct Score market is different from most football trading markets in that you can and you will lose your whole stake from time to time. There will be times when you back certain scores before a match only for it to go goal crazy and your whole stake to be lost before half-time. Sometimes there literally is nothing you can do in this market and chasing or backing other scores in a panic is not the way to react. Sometimes you just have to swallow the loss and move on to the next match. If you are selective then these occasions will be rare.
Keep It Simple
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The best approach to this market (unless you have a magic formula) is to simply back a few scores that you think the match is most likely to end in and then trade out at a pre-defined point. I might fancy a team to win a match either 2-0 or 3-0 so I back both those scores with the view that if it is 3-0 after 70 minutes then I will green up, if it is 2-0 then I will lay off the liability and leave more profit on the 3-0 scoreline. Any other score then my trade is obviously dead but that is why this market can be such a volatile one to trade and I signed up to that when I entered it.
At the end of the day the above trading plan was quite a simple one and that is all you need to think about when starting to trade this market.
Stick To The “Predictable” Markets
When starting out with the Correct Score market I would suggest sticking to the markets that are more “predictable”. This is a bit of a paradox since if we could predict the markets then we would not need to gamble but I actually mean sticking to markets that have a strong, clear favourite who is expected to win to nil. These are home favourites are usually priced 1.60 or lower and who you expect to win the match 1-0, 2-0 or 3-0. This is a great way to start to learn this way of trading as these matches are usually a lot less stressful since you can often find the away team just parks the bus so you do not need to worry about goals going against you. Most of the time anyway!
Trade Only Markets With Good Liquidity
This is very, very important. These days I only ever trade the Correct Score market on Premier League or Champions League matches since getting a bet matched to get out of the market in a hurry can cause quite a bit of stress in a market with low liquidity. So whilst you are a beginner do not think you can trade any and every Correct Score market.
As said, the Correct Score markets are full of lots of opportunity and are one of the few markets that can create big profits from small out lays. If you want to know more about this market then check out our full MEGA GUIDE to the Correct Score market.
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