Royal Ascot 2021

[Naffman]

Did OK but quite glad its come to end really, the week almost reinforces the decline of the exchange

[Dallas]

Much the same here, found it far harder than previous years and along the lines of what Cheltenham was a few months ago

[Euler]

Ditto

[Euler]

Total matched over the whole week was just short of £48m. I've kept really detailed records since 2009 and that's the lowest turnover number I've seen. I have some data from before that but not LFL, so will have a nose at that early next week. Dissapointing.

[alexmr2]

Glad I'm not the only one who struggled this week but it's always concerning to see what the future holds if experienced traders are noticing a decline

[gazuty]

My week at Royal Ascot by race.

[ShaunWhite]

Would be more of a suprise if the numbers weren't down given the wider economic pressures.....and a lot of the recreational betting money has obvioulsy gone on the football too which has a wider appeal than horses. Hardly a typical year and hardly a typical Ascot week so perhaps not a meeting to judge the future of the exchange on.

[LeTiss]

Total matched over the whole week was just short of £48m. I've kept really detailed records since 2009 and that's the lowest turnover number I've seen. I have some data from before that but not LFL, so will have a nose at that early next week. Dissapointing.

What about Euro 2020?
How are those figures comparing?

It feels very tradeable to me

[Euler]

Euros are down as well by similar amounts and the Golf. Can't comment on other sports, but I can guess!!

I am chatting to others in the industry and some large betting groups / syndicates. It hasn't gone un-noticed. I'll follow up again with Betfair on Monday.

[wearthefoxhat]

Euros are down as well by similar amounts and the Golf. Can't comment on other sports, but I can guess!!

I am chatting to others in the industry and some large betting groups / syndicates. It hasn't gone un-noticed. I'll follow up again with Betfair on Monday.

I'm guessing some of the bigger/influential players may have been caught up in the withdrawal/re-deposit - source of funds trap.

Either that, the main losing punters have been restricted/limited for further deposits. I suppose in that instance, the protections work the way they should.

[Euler]

Speaking to other big players over the weekend, all of them were complaining about volumes. I guess the theory at the moment is that it's an affordability problem or Betfair are diverting the volume elsewhere. But when I approached Betfair prior to Ascot they just shrugged their shoulders.

[Euler]

Betfair's Barry Orr reported a surprising addition to the races with the highest turnover this year. Last year's top three of the Gold Cup, Queen Anne and Prince of Wales's were first, third and fourth on this year's list, but the Hampton Court Stakes, won on Thursday by Mohaafeth, gatecrashed in at number two.

Orr said: "Exchange volumes were very strong and seven races each day was a big hit with our customers. Our book came out about even after you take into account the generosity factor."

You have to laugh at how completely out of touch this comment is.

[wearthefoxhat]

Orr said: "Our book came out about even after you take into account the generosity factor."

The generosity factor?


I've heard of the Krypton Factor....

[Dallas]

Betfair's Barry Orr reported a surprising addition to the races with the highest turnover this year. Last year's top three of the Gold Cup, Queen Anne and Prince of Wales's were first, third and fourth on this year's list, but the Hampton Court Stakes, won on Thursday by Mohaafeth, gatecrashed in at number two.

Orr said: "Exchange volumes were very strong and seven races each day was a big hit with our customers. Our book came out about even after you take into account the generosity factor."

You have to laugh at how completely out of touch this comment is.

Thats hilarious

[Naffman]

Betfair's Barry Orr reported a surprising addition to the races with the highest turnover this year. Last year's top three of the Gold Cup, Queen Anne and Prince of Wales's were first, third and fourth on this year's list, but the Hampton Court Stakes, won on Thursday by Mohaafeth, gatecrashed in at number two.

Orr said: "Exchange volumes were very strong and seven races each day was a big hit with our customers. Our book came out about even after you take into account the generosity factor."

You have to laugh at how completely out of touch this comment is.

Thats hilarious

"Exchange volumes were very strong" i.e. exchange volumes definitely weren't up despite an added race every day