What algorithm would you use? Finding the highest and lowest price where £x traded?ShaunWhite wrote: ↑Thu Mar 19, 2020 2:37 pm.... Joking aside, has anyone worked out the total amount of money that can theoretically be extracted as profit from aus racing? Ie how much there is to go around? I'm sure someone out there has worked it out.
Australian racing
It'll be a lifesaver if he has to self-isolate.ShaunWhite wrote: ↑Thu Mar 19, 2020 2:33 pmA lifeline??? You're that last person I thought would be skint if you had a few weeks off. If you need to borrow a few quid then I'm sure we could have a whip round for you
Tbh at times like this I thought you'd cut down on bulk buying money and give the rest of us a shot at the limited supply.
-
ShaunWhite
- Posts: 10576
- Joined: Sat Sep 03, 2016 3:42 am
It's tricky, the extractable profit is basically the spread or overround. But as different amounts are traded when that's at different levels then it's one formula too many for me.Derek27 wrote: ↑Thu Mar 19, 2020 3:11 pmWhat algorithm would you use? Finding the highest and lowest price where £x traded?ShaunWhite wrote: ↑Thu Mar 19, 2020 2:37 pm.... Joking aside, has anyone worked out the total amount of money that can theoretically be extracted as profit from aus racing? Ie how much there is to go around? I'm sure someone out there has worked it out.
-
ShaunWhite
- Posts: 10576
- Joined: Sat Sep 03, 2016 3:42 am
Yes. But it not all liquidy is useful. Money offered at uncompetitive prices which just sits there is no good to anyone. It must surely be a function of the traded amounts and the spread. But the spread changes over time, so you'd have to get into differentiation which unfortunately is a maths lesson I missed.
i missed that one too. obviously, if you're offering outside the spread, then you MAY just need to be a little closer then you would on a high liquidity UK race?? No??ShaunWhite wrote: ↑Thu Mar 19, 2020 3:24 pm
Yes. But it not all liquidy is useful. Money offered at uncompetitive prices which just sits there is no good to anyone. It must surely be a function of the traded amounts and the spread. But the spread changes over time, so you'd have to get into differentiation which unfortunately is a maths lesson I missed.
It will be interesting to see (as a %age) how much more volume os going thro those markets as an avg comparison on season and race type than before the UK racing was suspended.
-
ShaunWhite
- Posts: 10576
- Joined: Sat Sep 03, 2016 3:42 am
... The amount of money we all have to share is a puzzle that's bothered me for quite a while. It's not a bottomless pit. Market X can only ever provide £Y amount in wages. If the mega traders are extracting Y-£50 then we all have to share the remaining £50.
LOL, I'm not that active, but always feel the need to have something running. Like a Tennis player going to the court to practice his serve.ShaunWhite wrote: ↑Thu Mar 19, 2020 2:33 pmTbh at times like this I thought you'd cut down on bulk buying money and give the rest of us a shot at the limited supply.
-
ShaunWhite
- Posts: 10576
- Joined: Sat Sep 03, 2016 3:42 am
Euler wrote: ↑Thu Mar 19, 2020 4:38 pmLOL, I'm not that active, but always feel the need to have something running. Like a Tennis player going to the court to practice his serve.ShaunWhite wrote: ↑Thu Mar 19, 2020 2:33 pmTbh at times like this I thought you'd cut down on bulk buying money and give the rest of us a shot at the limited supply.
I get it. But if you could limit yourself to a couple of hundered per race that would be greatly appreciated.I missed quite a few in the spring and summer as I had double maths on a Thursday afternoon!
-
ShaunWhite
- Posts: 10576
- Joined: Sat Sep 03, 2016 3:42 am
Mmm I was asked to 'work from home' for the last part of my final year for bugging the staff room. Quite a bold move in 1980 when it meant using a cassette recorder, I think the huge click when it stopped was my downfall.
I thought this story was shaping as a precursor to coronavirus : COVID-1980.ShaunWhite wrote: ↑Thu Mar 19, 2020 5:10 pmMmm I was asked to 'work from home' for the last part of my final year for bugging the staff room. Quite a bold move in 1980 when it meant using a cassette recorder, I think the huge click when it stopped was my downfall.
Did they nab you when you returned to collect the recorder or find your favourite party mix on the other side of the tape?
-
ShaunWhite
- Posts: 10576
- Joined: Sat Sep 03, 2016 3:42 am
lol narr, it was the std "who did it" and a bunch of snakes who all pointed at me
It wasn't a huge crime, but one too many and a bit too soon after we'd changed the paint code numbers they'd written on all the walls prior to the decorators coming in. Harmless fun in gentler times, these days you're not expelled unless you've stabbed a teacher.