Can some one explain why the markets for US horse racing are priced like they are. I have tried pre race trading on them mind you with £2-£5 stakes , always end up in loss, the lay price would say be
2.64, and the back price way above say 3.45 sometimes higher then it reduces. I tried peters method what he used on Betaq (low liquid markets) filling the gaps, you never get filled, or when you do on oneside the other races off in the other direction. I am a in play trader, I know you cannot do this on these markets, I got caught for a £20 liability once night when the market suspended (didn’t have my speakers turned on) luckily horse didn’t win. After making a healthy profit today I thought I will now leave the US markets. To Save your Capital, its best to operate markets that work for you. Is the Australian markets the same???
Crazy markets US Why??
-
CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
Hi mate 
Well, you can't be serious on those claims. I trade the US markets almost every day and I profit from them. You are probably timing the market poorly, I don't know why you would get involved on such a badly formed market in the first place? Please be aware that most US races have a certain delay while others have early starts. Also, never use a 'plain strategy' on every market
Australian markets are almost always on schedule, so that might be easier to you
Well, you can't be serious on those claims. I trade the US markets almost every day and I profit from them. You are probably timing the market poorly, I don't know why you would get involved on such a badly formed market in the first place? Please be aware that most US races have a certain delay while others have early starts. Also, never use a 'plain strategy' on every market
Australian markets are almost always on schedule, so that might be easier to you
It's an interesting debate as I know andyfuller trades them so he make want to comment. I don't trade them to any great degree as the liquidity isn't high enough for me and the start times are erratic at best. It's been some time since I looked at them seriously so they may have changed but if volume starts to arrive in them I may look at them more seriously. As it is I don't really have a view to offer as I can't speak with authority given my lack of involvement.
Due to the low liquidity the US markets key off the odds of bookmakers a lot particularly on the favourites in the last few minutes before the off when the market firms up a bit, far more than the UK where it can be the other way around with Betfair market providing guidance on the bookies odds. Thats one of the reasons the markets tend to crash one way or the other on the US races as they respond to bookies odds changes and gap filling can leave you un- filled on one side.
-
andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
The US markets are priced as the opening poster said because they do not form like UK race markets. The markets act very differently to the UK markets. You can have one race at a meeting full of liquidity, for a US race, but the very next can be as dead as the dingo.
Peter is correct in that I trade them but I do not trade them all the time. I tend to trade them when I have nothing better to do. I would sooner make some extra money than watch some of the dross on TV.
Some tracks tend to alway be rubbish to trade, rather strangely the better the track in term of quality of racing the worse the trading is. The lowest of the low at Zia Park can get good moves but a Grade 1 at Keeneland can be utter rubbish to trade.
There are some big punters on the US racing. It is one of the best kept punting secrets a lot of people say and I would agree. I say this as a warning to not try spoofing the market as put up a spoof wrongly and you will see it matched in the blink of an eye - there are people who chuck around 4 figures punting.
Having pictures is essential and I would suggest exiting when they start to load as BF a liable to suspend at any time though they have got a lot better of late. As has bee said already the race timings are a guide only so do not use these as a guide as to when the race is going to start.
Peter is also correct that the liquidity is poor. A good liquidity race might attract a total of £40,000. So don't expect to use large stakes as you will soon find yourself unable to exit unless you offer silly prices. As I said I trade them when I have nothing better to do but I can fully see why Peter doesn't bother as it just wouldn't be a good use of his time.
Finally you seem some very odd movements quite often that make no sense at all, you can have one being punted into odds on but on BF it is drifting out past 5-1. You wonder if people know, as there is virtually no comeback I will leave you to decide
Peter is correct in that I trade them but I do not trade them all the time. I tend to trade them when I have nothing better to do. I would sooner make some extra money than watch some of the dross on TV.
Some tracks tend to alway be rubbish to trade, rather strangely the better the track in term of quality of racing the worse the trading is. The lowest of the low at Zia Park can get good moves but a Grade 1 at Keeneland can be utter rubbish to trade.
There are some big punters on the US racing. It is one of the best kept punting secrets a lot of people say and I would agree. I say this as a warning to not try spoofing the market as put up a spoof wrongly and you will see it matched in the blink of an eye - there are people who chuck around 4 figures punting.
Having pictures is essential and I would suggest exiting when they start to load as BF a liable to suspend at any time though they have got a lot better of late. As has bee said already the race timings are a guide only so do not use these as a guide as to when the race is going to start.
Peter is also correct that the liquidity is poor. A good liquidity race might attract a total of £40,000. So don't expect to use large stakes as you will soon find yourself unable to exit unless you offer silly prices. As I said I trade them when I have nothing better to do but I can fully see why Peter doesn't bother as it just wouldn't be a good use of his time.
Finally you seem some very odd movements quite often that make no sense at all, you can have one being punted into odds on but on BF it is drifting out past 5-1. You wonder if people know, as there is virtually no comeback I will leave you to decide