Royal Ascot 2021

[Yantraman]

https://www.youtube.com/watch?v=GxDuiPBCvsQ

....well worth a look in case you havent watched this yet.

Very relevent with all thats going on

[Naffman]

If that's the big race of the day then jesus christ we're in for a shocker

[rik]

Its interesting you got prices shooting off for some of the mid price runners at exactly 2 minutes, not 2:20 or 1:40 but every race exactly 2 minutes out. Was the same at Cheltenham, whats the most likely reason for that?

[Euler]

It looks like somebody hedging, most likely Betfair I guess.

I'm out of my positions by then and make a call on what to do after that. People avoided that could be the cause of lower liquidity.

Trickiest Ascot I think I've ever traded, for one reason or another.

[neilbard]

Been a hard slog this week!

[Dallas]

There's been a big shift in how festivals have traded in recent years, but it seems to now be moving from a 'blip' to becoming the 'new norm'

[Euler]

This is the first time at Ascot that I've consistently struggled to get matched, nobody is taking my positions. I've had to keep reducing stakes to get matched.

[Naffman]

This is the first time at Ascot that I've consistently struggled to get matched, nobody is taking my positions. I've had to keep reducing stakes to get matched.

It's becoming what Betdaq was where a lot of the time you'll only get matched if you're wrong

[wearthefoxhat]

Could be the trading styles for the festivals are changing, and some of the bread and butter racing too.

In-Play action have increased overall due to more acceptance that trading pre-race, only really gets going 5 mins before the off, and then the more unpredictable moves occur 2 minutes before the off.

I have more succes predicting how a certain selection may run, when confirmed IP, I will enter a trade within the price range I believe value, then exit (or let it ride) depending how things develop.

In business, it's adapt or die.

[Euler]

Total so far £38m vs £51.7 last year - 26%

[invisiblelayer]

Could be the trading styles for the festivals are changing, and some of the bread and butter racing too.

In-Play action have increased overall due to more acceptance that trading pre-race, only really gets going 5 mins before the off, and then the more unpredictable moves occur 2 minutes before the off.

I have more succes predicting how a certain selection may run, when confirmed IP, I will enter a trade within the price range I believe value, then exit (or let it ride) depending how things develop.

In business, it's adapt or die.

Said it a while ago becoming more like American where very very late moves, with liquidity drying up it makes sense to play late as possible. I'd imagine many big punters will return to the course to get on away from any check nonsense. People that take outright betting seriously will just give up on Betfair the way it's going. Almost everything you hear about them is negative, from customer services up, completely different from when they started up. I've heard from someone that Betfair are limiting some big punters that are outright winners and making them jump through hoops to sort out, pretty bizarre when they can see lifetime p/l

[invisiblelayer]

Total so far £38m vs £51.7 last year - 26%

Hi Peter, how have you found Betdaq over last year so far? Be a few bookies using it this time for hedging

[Euler]

It's up year on year. I missed some data from last year so can't tell you an exact number. But on three days, roughly 110%.

[Euler]

Could be the trading styles for the festivals are changing, and some of the bread and butter racing too.

In-Play action have increased overall due to more acceptance that trading pre-race, only really gets going 5 mins before the off, and then the more unpredictable moves occur 2 minutes before the off.

I have more succes predicting how a certain selection may run, when confirmed IP, I will enter a trade within the price range I believe value, then exit (or let it ride) depending how things develop.

In business, it's adapt or die.

I've always successfully adapted. The problem for me is lower volume means I've no chance of reaching new records, it's more about managing decline. I'm seeing the same thing on other sports I trade as well. So it looks structural.

[wearthefoxhat]

Could be the trading styles for the festivals are changing, and some of the bread and butter racing too.

In-Play action have increased overall due to more acceptance that trading pre-race, only really gets going 5 mins before the off, and then the more unpredictable moves occur 2 minutes before the off.

I have more succes predicting how a certain selection may run, when confirmed IP, I will enter a trade within the price range I believe value, then exit (or let it ride) depending how things develop.

In business, it's adapt or die.

I've always successfully adapted. The problem for me is lower volume means I've no chance of reaching new records, it's more about managing decline. I'm seeing the same thing on other sports I trade as well. So it looks structural.

Good point.

Thought I'd post something retro, "back in the day"...

flutter.png