Great write up Oscar123.
Here are my views.
My whole week was spent trading on Betdaq and I am 95% a scalper, always have been. I have been active on Betdaq most Saturdays over the last few months and a few other occasions and have now got a decent feel on how Betdaq trades and what to expect.
Therefore, despite normally being not the biggest fan of the big meetings I was really looking forward to this week. In the past when I was on Betfair I just struggled to get the volume through the markets with all the money queueing up. So like Oscar I would always have taken a Wolverhampton card over a Cheltenham card.
Though with my knowledge of Betdaq I was expecting it to be pretty good.
Day 1 was fantastic and my best day of the week. I managed to get some big volume through the markets and got some big results thanks to that. To begin with I tried to trade some of the other cards that were on but quickly decided it was pointless and I then just traded every Cheltenham race from about 30 mins out.
I had my only losing race of the week in the second race on Day 1 losing £3.13. Then the next 4 races were good.
So on to day 2 and I was really looking forward to things after day 1. It didn't pan out that way, I struggled with the volatile markets and the prices moving around and with day 1 going so well I had started to push a bit more which just didn't work. I was getting left with positions that I was struggling to exit.
It was a clean sweep of the card but I was unable to reach the Tuesday levels.
Day 3 - I got off to a slow start but got into stride on the 14:50 and 15:30 pulling in some decent results. It was another clean sweep and much closer to my performance of the first day.
Day 4 - I was beset with API issues and that really did spoil the day for me. It was a day of what could have been. I really feel I could have smashed the first day's profits but was left feeling frustrated and deflated. I didn't get to enjoy the days racing like I had the first three days as I was busy trying to fix the issues between the races.
I could see so many opportunities but I just couldn't take advantage of them and at the times I could get orders through the market I just didn't have the confidence to push the big stakes through that the market could easily have taken.
It was another clean sweep on the day and wasn't far off the totals I got on Thursday but it could have been oh so much more.
I had a heart rate monitor on the Thursday and Friday and will try and get that uploaded when I have chance as I will be interested to see what that showed. I did see at one stage I hit 111bpm at one stage on Thursday when I had my entire bank laid (my resting heart rate is 43bpm).
So overall, I found Betdaq (excluding today's issues) to be brilliant for my style of trading, I was able to get very large amounts through the markets and rarely struggled with fills. As was said by Oscar123 there were times when the price differences between the exchanges was huge especially on the gamble yesterday but also just before the off on several races.
I thoroughly enjoyed the four days and now can't wait for next year!
I just wish every day was like those volumes on Betdaq!
Here are a few screen grabs from the week on a range of different race types:
Cheltenham 2016
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andyfuller
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Well played Andy. Shame you had api issues, i think i had one instance in the second race today where i wasnt sure if a bet had hit the market or not but otherwise everything seemed to work flawlessly.
Found it decent on Betdaq all week. Even on thursday when using the bigger stakes it was betfair giving me the most problems. Whenever i tried to exit a trade, or reduce my position the market just seemed to either grind to a halt with nothing getting matched, or start to push against me.
It just seemed so hard to get filled, where as on betdaq i was getting out at a tick, or sometimes even two ticks below the price i was offering on betfair. Yet when i scaled down, it felt like i was selling myself short and should have been pushing harder.
Found it decent on Betdaq all week. Even on thursday when using the bigger stakes it was betfair giving me the most problems. Whenever i tried to exit a trade, or reduce my position the market just seemed to either grind to a halt with nothing getting matched, or start to push against me.
It just seemed so hard to get filled, where as on betdaq i was getting out at a tick, or sometimes even two ticks below the price i was offering on betfair. Yet when i scaled down, it felt like i was selling myself short and should have been pushing harder.
