Betting markets can be predictable, especially during high-profile events like Royal Ascot. When punters latch onto a horse, the market can explode with activity. Bookmakers and sportsbooks add to the excitement with special offers, creating perfect conditions for a simple yet effective Betfair trading strategy.

It all begins when a particular horse starts gaining attention. This can be due to anything, but once people notice the horse being backed, they fear missing out and start backing it too. This often triggers a rush of bets, with punters interpreting the price movement as a ‘sign’ that the horse will win, regardless of the actual odds.

This phenomenon, driven by the fear of missing out (FOMO), makes little sense from a gambling perspective. As the price shortens, the value diminishes. Bookmakers quickly shorten the odds to mitigate their risk, further fueling the frenzy.

For Betfair traders, however, this is an ideal scenario. You can profit from the market’s movements without actually gambling on the race’s outcome. With trading software like Bet Angel, you can navigate these situations effectively, turning the market’s volatility into your advantage.

While trading carries some risk, it’s generally much safer than placing a wild bet on a heavily backed horse at a major event. Add in the excitement and impulsiveness of thousands of attendees at Ascot, and your chances of success as a trader just got even better!