Recently, things have developed further in addition to using the traditional Betfair website to bet on a race, a lot of people are using specially designed software to place bets and monitor positions of markets on the betting exchange.
Using this sort of software allows exchange users to monitor the market closely and see exactly where money is coming for a horse and quickly take advantage of that fact. The software will also actively monitor and manage your open bets for you making the chances of a successful series of bets much more likely. Some software vendors offer very comprehensive software but also offer scaled-down versions so you can get your feet wet or at worst at least see and understand the concept.
Specially designed trading software can monitor money coming for a horse and predict the price trend.
Trading just the movement in odds on a race may seem strange to those who have done much to understand the form and structure of a race. However it is this sort of opportunity that presents many people the chance to finally develop an edge in the market and a level of consistent winnings that has evaded traditional punters for some time.
Although growing steadily, in comparison to the volume traded by city hedge funds for example, this type of activity is still virgin territory as many have yet to understand its full potential. Certainly if you understand the structure of a race as a traditional punter and you learn how to trade the results could be very good indeed.
Just looking at price graphs on an exchange can confirm if the odds are coming in or going out.