Cheltenham 2017

[oscar123]

There doesn't look too much wrong with your results anyway, as you're in profit, so can't be doing too bad.

I think scalping is difficult during Cheltenham for the reasons that you mention in your own post. The market seems to be very stable, then suddenly spike against you. The other trouble is with the huge amounts on either side of the book you have no idea where abouts your position in the queue is or how close you are to getting matched.

The general advice that you see elsewhere online that Cheltenham is easy to scalp because the markets are so stable is wrong and lazy advice in my opinion. As was pointed out earlier in this thread, just because there is loads of money either side of the book and the price seems stable, don't think that you can just stick money either side of the book and just wait for it to be matched.

Also pointed out by a few people on this forum is that if you do want to scalp, it works far better on Betdaq, as there is less money either side of the book, a good fill rate, and it's easier to see how close you are to getting matched. You may not be able to do it on quite the same scale, though it does seem to work better on there.

Though you're showing decent profits, so must be doing something right anyway.

[Euler]

Best result from today. Going to try and top it tomorrow!

2017-03-16_16-12-39 - Copy.png

[SeaHorseRacing]

Really impressive Euler. I know you don't need it but a pat on the back always makes you feel good. Well done mate!

[ec0n0mist]

Is anyone having much success scalping at Chelt? Lets see your results

Hey dragontrades, thanks for sharing your Cheltenham results.

Not a pure scalper per se (more of a hybrid between scalp and swing) but no, not having much success at Cheltenham either. Like yourself, there's a bit of frustration brewing. I feel there's a lot that I'm missing but can't quite put my finger on it. Especially when it comes to order flow. Up to date, I've been exclusively focused on technicals and boy has that proven costly both in terms of opportunity cost and energy capital spent.

Really not sure where to go from here in terms of steps required to elevate to the next level. Maybe I need to start reading form to provide myself with at least an adequate understanding of the fundamentals so I can combine it with the techs to yield higher +EV? What do you guys do?

Anyways, I'm at the point where I think I either need to pay Mr.Webb a visit for one of his alpha Master-courses (should have done this a long time ago) to improve or ditch horse-trading entirely. Just not worth the time and effort for nickel and dime the way I'm approaching it.

Congratulations to all the beasts who've been killing it thus far. Good job!

[Dallas]

Really not sure where to go from here in terms of steps required to elevate to the next level. Maybe I need to start reading form to provide myself with at least an adequate understanding of the fundamentals so I can combine it with the techs to yield higher +EV? What do you guys do?

Anyways, I'm at the point where I think I either need to pay Mr.Webb a visit for one of his alpha Master-courses (should have done this a long time ago) to improve or ditch horse-trading entirely. Just not worth the time and effort for nickel and dime the way I'm approaching it.

Congratulations to all the beasts who've been killing it thus far. Good job!

Personally i dont use any sort of form and have always traded solely the numbers in front of me in the final minutes, about the only other thing i watch out for is things like what happened today when a trainer/jockey pull some results togetherand the knock on effect in later races

You seem to have others sports mastered so i certainly think the masterclass or racing workshop will be the best way forward if you feel you need that last push and will likely see that those final few pieces fall into place.

Great overall results and v.nice going on Tennis btw, is any of that from tonights wozniacki match?

[Halliday]

Is anyone having much success scalping at Chelt? Lets see your results

Careful posting your results, Halliday may come from behind and ambush you. He'll drag you down and tell you that you cant trade or that your never make it. I can see him lurking online waiting to pounce on the first screenshot.

Nothing' viperish about me !! Pleased to see you guys are doing well , keep posting those profits , just had a brilliant three days at Cheltenham, big thanks to The Swan at Bibury , never lets you down

Highlight for me a certain little horse who went down fighting again today , one terrier of a horse and a credit to his trainer. Hope he gets that win he deserves this season .
Good to hear his trainer say he bounced off the horse box and ate his dinner !! ... one tough nut . Well done

[ec0n0mist]

Really not sure where to go from here in terms of steps required to elevate to the next level. Maybe I need to start reading form to provide myself with at least an adequate understanding of the fundamentals so I can combine it with the techs to yield higher +EV? What do you guys do?

Anyways, I'm at the point where I think I either need to pay Mr.Webb a visit for one of his alpha Master-courses (should have done this a long time ago) to improve or ditch horse-trading entirely. Just not worth the time and effort for nickel and dime the way I'm approaching it.

Congratulations to all the beasts who've been killing it thus far. Good job!

Personally i dont use any sort of form and have always traded solely the numbers in front of me in the final minutes, about the only other thing i watch out for is things like what happened today when a trainer/jockey pull some results togetherand the knock on effect in later races

You seem to have others sports mastered so i certainly think the masterclass or racing workshop will be the best way forward if you feel you need that last push and will likely see that those final few pieces fall into place.

Great overall results and v.nice going on Tennis btw, is any of that from tonights wozniacki match?

Hey Dallas, thanks for your time and input as usual.

It sounds like we approach it similarly, both numbers orientated. Semi comforting but also a bit of a head-scratcher. Haha!
So if I'm not too off base with my approach fundamentally, I suspect what perhaps set you and other successful racing-traders apart are stronger intuitions? If that's the key factor, then I suppose there's no real short-cut around it other than to keep grinding until I establish a comparable level of intuition. Other than that, I will definitely start taking note of trainer & jockey results vs market sentiment correlations.

Cheers, with your vote of confidence for the masterclass & racing workshop it's probably just a matter of time before I get up off my ass and attend one!

I faded the Wozniacki match in favour of going out for a nice meal to steam off a bit after a disappointing Cheltenham session.
Fortunate dodge I guess- since my trading plan was geared towards a Wozniacki entry. Maybe Cheltenham wasn't so bad afterall

[ernie120488]

Anyone know what price the favourite went off at in the Gold cup last year?

[Dallas]

Anyone know what price the favourite went off at in the Gold cup last year?

BSP 3.35

[ernie120488]

Thanks Dallas. put some money on Djakadam yesterday afternoon after mullins/walsh smashed it. Got 4.6, was just wondering what price the favourite went down to last year. obviously a lot can change by the time race time arrives but im in a decent position at the moment. an early ruby win can only help it surely.

[Jukebox]

Let's Dance - Charts

It almost looked as if a couple of goals went in before the real price started to show itself.

[laurencestanley]

Hope everyone has a good final day today!

My second Cheltenham this year that I've actually paid attention to. Still a long way to go but enjoying the learning curve

[oscar123]

Not very much matched at present, though huge liquidity in the acca markets this morning. Bookmakers obviously got some massive liabilities on these.

I notice that they have dropped Cue Card from the combinations too, not sure if there is any significance in that or not.

[davedragon]

Anyone got an opinion on Tea for Two? Looks a bit big at 65 for the Gold Cup

[HRacing]

Them early 20k orders on Defi Du Seuil look familiar.