Today's Horse Racing

[stueytrader]

I realise it's not justified, hence the horses' finishing positions, just wondered why that's all. Nearly all these ran exactly as in the form book, so nothing hidden.

I've given up asking the question "why was that backed?" a long time ago.

Everywhere I go I meet people who are completely bonkers so I guess some of them are using the exchange.

True - how they have the money to do that though is a mystery....

[eightbo]

How is it a mystery lol. If you're on a 6fig income or ya dad's an Arabian Prince and gives you pocket money then what's a few grand on a horse?

[stueytrader]

Are racing markets really that bad...?

Sounds like fantasy island that they are full of massively rich losing punters?

[eightbo]

Fantasy island sounds lovely. You'll have to let me know what the weather is like.

[stueytrader]

Honest question though, are they really that bad/inefficient?

[eightbo]

I'd say they're pretty efficient. Prices begin reverting to a more appropriate price once the heavy backing dries up.

[stueytrader]

I'd say they're pretty efficient. Prices begin reverting to a more appropriate price once the heavy backing dries up.

Interesting issue - If I really thought I was just backing against rich mugs I'd probably just go back to punting myself!

[annuity]

I just trade order flow so i've no idea about any horse in any race.

[Derek27]

Honest question though, are they really that bad/inefficient?

I've got a spreadsheet that records the overround at best prices. For the last ten minutes before off the best overrounds can be as much as 65/135%. Given that a horse's chances of winning a race doesn't usually change drastically in the last ten minutes, I would say the market is pretty inefficient.

[Scotty74]

I'm new also,had a good day learning and one loss

[firlandsfarm]

I've got a spreadsheet that records the overround at best prices. For the last ten minutes before off the best overrounds can be as much as 65/135%. Given that a horse's chances of winning a race doesn't usually change drastically in the last ten minutes, I would say the market is pretty inefficient.

Hi Derek, are you saying you take the highest and lowest price for each runner in the last 10 mins and then work out the highest and lowest Book%?

The 'chance' of winning or not does not change of course except possibly if there has been some shenanigans at the start. It would be interesting if anyone has some stats on that … does a horse 'playing-up' affect it's chance? (Assuming it's not withdrawn! )

[Derek27]

I've got a spreadsheet that records the overround at best prices. For the last ten minutes before off the best overrounds can be as much as 65/135%. Given that a horse's chances of winning a race doesn't usually change drastically in the last ten minutes, I would say the market is pretty inefficient.

Hi Derek, are you saying you take the highest and lowest price for each runner in the last 10 mins and then work out the highest and lowest Book%?

The 'chance' of winning or not does not change of course except possibly if there has been some shenanigans at the start. It would be interesting if anyone has some stats on that … does a horse 'playing-up' affect it's chance? (Assuming it's not withdrawn! )

Sorry, not the highest and lowest concurrent books, but the overround of the highest back prices and lowest lay prices in the last ten minutes. Even when you look at bookies odds in the last ten minutes you have overrounds well under 100% so it's no surprise on the exchange in a volatile market.

How much a horse's chances are affected by being unruly at the start largely depends on the horse itself, for some horses it's normal behaviour. It's one area where bettors who study form will have an advantage over cold traders.

[Euler]

What is going on at Redcar!

[ShaunWhite]

What is going on at Redcar!

I don't think they've changed their clock to BST.
It's all very casual and unhurried.

[alun63]

anyone else their bets voided at redcar in the 16:20