Singapore exchange

[blueport]

As from today Singapore racing is now available on the Betfair exchange.

Interesting to see how this takes off.

Hopefully Oz traders affected by higher base commissions and restricted turnover will embrace them.

[switesh]

Haha blueport...you beat me to it.

Here's the email about Singapore markets. I'll be watching it this weekend to see if there's any decent liquidity.

I'm also keen on having a go at Meydan. Would you mind sharing your thoughts if you're traded Asian races (Japan, Meydan or any others that might be worth considering).

I noticed another curious thing about Australian racing. We have about 10 cards on an average day compared to 3 - 4 cards on average in UK, but the liquidity is significantly shameful in comparison

I've tried to arrange the following in ascending order with liquidity (i.e. Good Liquidity = Good Volume + Great Fill Rate):

UK
Ireland
Australia
USA
Meydan
Japan
(possibly Singapore?)

Does the order look about ok or have I missed something?

[Euler]

It would be nice if Betfair actually kept us in the loop. We always hear about these things second hand. Will be interesting to see if Racing in Singapore takes off.

Racing in Meydan is good enough to trade.

[giulio2010]

I can't be accurate with regard to the possible liquidity from Singapore, but one thing I can tell you that many investigations for match-fixing in Italy led to the identification of large capital coming from Singapore. Even the more prolific punter in history lived in Singapore if I'm not mistaken. Of course, I am not stating that there will be fix racing, but I am stating that the liquidity is predicted to be quite high in the future..
or at least is what people hope..

[poipoi]

Dont think there will be significant volume unless BF turns the races In-Play.

[Euler]

£310 on the first race!

[andyfuller]

£310 on the first race!

And £308 of that was Euler

[Euler]

First race at Jebel Ali did £3.5k in comparison.

[giulio2010]

Dont think there will be significant volume unless BF turns the races In-Play.

I said big liquidity predicted in the future..I did not say, they were going to be massive from 1st race...I may being optimistic but there are, for me, obvious reasons to think that large money soon or later will appear on the Singapore markets..

[poipoi]

Believe me, I hope youre right!

[giulio2010]

Believe me, I hope youre right!

I hope too..
sometimes obvious reasons led me to be wrong as well...time will tell

[sweetybt]

This is good news. I am really surprised Sinagpore have allowed this.

If we could get racing from Honkers the volumes will go Bonkers.

[switesh]

Volume picked up after the first race.
Total 18k in 9 races (pre-off).

Hope it picks up a bit more next year for some decent trading.

[Tobedotty]

This is good news. I am really surprised Sinagpore have allowed this.

If we could get racing from Honkers the volumes will go Bonkers.

Sadly not, to get great volume from HK, we'd need punters from HK, but its illegal for anyone in HK to bet with anyone except the Hong Kong Jockey Club, so the volumes would probably be piss poor is betfair had it, also its currently illegal for BF to operate in HK for the reasons I've already said. I do agree though, if we could get even 5% of the HK markets, we'd have bigger volumes than the UK racing by miles.

Also - HK will never allow betfair because a very large percentage of their annual tax revenue comes from racing.

[Alpha322]

It would be nice if Betfair actually kept us in the loop. We always hear about these things second hand. Will be interesting to see if Racing in Singapore takes off.

Racing in Meydan is good enough to trade.

I think only on group meetings think Singapore should take off they love a bet or two