Cheltenham Festival?

[diablodavo]

As a newbie to sports trading and doing a lot of research, I keep seeing people praising the arrival of the Cheltenham Festival as though it is the main event in trading on horse racing in the calendar.

Can someone please explain to me why this is?

Is it because of the liquidity giving it a wide trading range making it easier to get positive returns on multiple trades pre-race?

What would be the best way to take advantage of the CF for someone who doesn't know that much about the actual horses?

Everyone who seems to mention the CF always tends to describe it as being very hard not to make big profits.

Thanks for any tips or info.

[Mr.Teeny]

Nobody loses trading the Cheltenham festival, it’s the first thing you learn when you start trading.

All the markets are chock full of money, and liquidity and fill rates are huge, it’s like shooting fish in a barrel, except the fish are already dead. Green screens galore.


I’ve only traded two of them, and lost money both times, but that was just me making silly mistakes and not reading the markets like everybody else can. This year is gonna be great though, I just know it.

You don’t need to know anything the horse, just follow the ££££.

Good luck, diablodavo, not that you’ll need it.

[Derek27]

Nobody loses trading the Cheltenham festival, it’s the first thing you learn when you start trading.

All the markets are chock full of money, and liquidity and fill rates are huge, it’s like shooting fish in a barrel, except the fish are already dead. Green screens galore.


I’ve only traded two of them, and lost money both times, but that was just me making silly mistakes and not reading the markets like everybody else can. This year is gonna be great though, I just know it.

You don’t need to know anything the horse, just follow the ££££.

Good luck, diablodavo, not that you’ll need it.

You've only traded two markets at the Cheltenham Festival, lost money both times.

Conclusion: nobody loses, green screens galore!!

PS: Somebody has to lose. For every £ that's won, somebody must have lost it.

[Mr.Teeny]

I've traded two festivals ,derek27, not two markets. Think there was 6 or 7 markets on each day.

The first year I still had my matched betting hat on, and was taking my profits too quickly as I was used to lots of wins, and was letting my losses get too big as I was expecting them to come back as it was Cheltenham and I was trading.

Last year I just had the wrong type of mental health and was making lots of psychology mistakes. Though I've worked really hard on my psyche this last year and have read lots of books and watched quite a few TED talks.

So this year I should be good to go.

I meant no traders lose at Cheltenham festival, obviously there are some losers, but they are mainly mug punters who bet and drink at the same time.

[Derek27]

I've traded two festivals ,derek27, not two markets. Think there was 6 or 7 markets on each day.

The first year I still had my matched betting hat on, and was taking my profits too quickly as I was used to lots of wins, and was letting my losses get too big as I was expecting them to come back as it was Cheltenham and I was trading.

Last year I just had the wrong type of mental health and was making lots of psychology mistakes. Though I've worked really hard on my psyche this last year and have read lots of books and watched quite a few TED talks.

So this year I should be good to go.

I meant no traders lose at Cheltenham festival, obviously there are some losers, but they are mainly mug punters who bet and drink at the same time.

I still think it's premature to take it as a given you can't lose when you've lost money on the only two festivals you've traded.

Like punters, traders have wide-ranging levels of competence and some will certainly lose. Jolly Green spoke of a trader that placed a £250K back bet on a horse that drifted substantially and he couldn't close the trade. He would have lost getting on to £200K!

Good luck anyway - I don't want to put a damper on your enthusiasm and hope you have a good festival this year.

[ShaunWhite]

As a newbie to sports trading and doing a lot of research, I keep seeing people praising the arrival of the Cheltenham Festival as though it is the main event in trading on horse racing in the calendar.

If you want to stake 5 or 6 figures then it's the place to be and an undoubted highlight of the year for a certain type of trader. Otherwise you'll be better off looking at the other side meetings those days which often trade particularly well imo. And why expend all that mental energy trying to figure out such an atypical meeting when there's ~9,950 other races a year to get stuck into. Don't get swept along with the hype, stick to what works for you and by the sounds of it Cheltenham doesn't.