Volumes

[Grinderman]

Has anyone been monitoring traded volumes over the past few months. I did take notice today. A fairly busy Saturday with Ascot and Wetherby on ITV and I was shocked. Some of the races traded below £300k. Used to get much more than that at Southwell on a wet Monday.
I am seriously thinking of packing it in until the crowds and the bookies are back. It is getting way to easy for one or two people to control the markets. You know who you are !!

[rik]

noone controlling the markets certainly not 1 or 2 people mug talk

[wearthefoxhat]

Has anyone been monitoring traded volumes over the past few months. I did take notice today. A fairly busy Saturday with Ascot and Wetherby on ITV and I was shocked. Some of the races traded below £300k. Used to get much more than that at Southwell on a wet Monday.
I am seriously thinking of packing it in until the crowds and the bookies are back. It is getting way to easy for one or two people to control the markets. You know who you are !!

With the 2nd lockdown about to start, and horse racing set to continue, I'm expecting an increase in volume overall.

[kamil2402]

I think the horse racing markets are in a long term decline in terms of traded volume and liquidity and I am not sure if this trend will ever be reversed. I certainly hope so.

[Grinderman]

It will be interesting to see what the volumes are like for the November Handicap and Silver Trophy tomorrow. Both very competitive, popular markets and on ITV. Normally, I would have thought both over a million quid traded. I suspect they will do about half that.

We are obviously missing on course punters who would have had a bet on here if they couldn't get odds at the track. Money from on course bookies who would have layed off, or backed to cover, on here. Traders who have either packed in or cut down until all of this gets back to somewhere near to normal.

Personally, I have virtually stopped trading the horses mid-week (unless top meetings) and I have cut my Saturday bankroll from £20k to £8k. I simply do not trust it.

[arbitrage16]

I think the horse racing markets are in a long term decline in terms of traded volume and liquidity and I am not sure if this trend will ever be reversed. I certainly hope so.

Any data to back this up?

[Euler]

Average volumes have declined since we came out of lockdown. We had a big bounce back in June, but it's just been slipping gently since then. It's very common to fall again during the NH season. So that's nothing unusual.

Personally speaking, I've been very critical of Betfair's promotion of the exchange and it's benefits. Since the PP 'merger' a number of the exchange people were moved out and replaced by punting types from PP so they just don't seem to understand the exchange. That's probably not helped. Compare UK to AUS where volumes are growing rapidly and you can see there are a few factors at play.

But it's quite normal to drop at this time of year. It also feels like there is a structural decline in the interest in jumps racing IMHO.

[arbitrage16]

But it's quite normal to drop at this time of year. It also feels like there is a structural decline in the interest in jumps racing IMHO.

This is interesting, but I'm not quite sure what is meant by 'structural decline' care to elaborate?