Betting Rules Overview

In this lesson, you’ll learn how to set up the betting rules in the horse racing software, which guide how your trades are executed based on market conditions. This section is crucial for ensuring you enter and exit trades at the optimal times.

Key Features:

  • 🎯 Trading Strategy: After setting up your selection rules, which determine what you want to trade, the Betting Rules define how to trade those selections based on live market conditions.
  • 📈 Dynamic Conditions: The Betting Rules contain settings that relate to the ever-changing market conditions, helping you find the best combination of price and timing to place your bets effectively.
  • 💰 Staking Plans: You can also configure specific staking plans and customize how your backtested profit figures are displayed.

Step-by-Step Process:

  1. 📉 Place Your Bets: This is the first and most crucial step where you define the entry criteria for your trades, determining when and at what price to place your bets.
  2. 🔄 Close Your Trades: If you’re trading (e.g., back-to-lay), this step is where you set up your exit criteria. If you’re placing straightforward bets, you can skip this step.
  3. 💼 Build Your Bank: Here, you configure the size of your stakes. While this step is optional, it allows for more precise control over your betting strategy and potential profits.
  4. 🎨 Customize Your Results: This final optional step lets you tailor how your results are presented, making it easier to analyze and refine your strategies.

🛠️ Configuring Settings:

  • You can freely move between different steps, configuring each one as needed. Each setting expands with detailed prompts, drop-downs, and text boxes to help you define your parameters.
  • ℹ️ Info & Tutorials: Each setting includes an info button for a more in-depth explanation, along with short tutorial videos for visual learners (if available).

This overview introduces the essential aspects of the Betting Rules. For more detailed guidance, you can watch the following lessons on each specific setting within this section.