This weeks markets apart from York have been pretty poor. They were fine when we had Chester so is it just when there's a really big meeting they suffer or only certain ones?
Doesn't seem like anyone's putting any real money on any of the other meetings this week, or am I wrong?
Regards
Adam
Markets this week
It's useful posting these thoughts, because I was thinking just the same last night.
I noticed yesterday a lot of prices drifting in weak markets particularly in the evening and on odds over 4. My current thinking is this is because of the book size and the ability for traders to bully prices out where there is no waiting opposition.
Peter blogged about early week markets yesterday.
I noticed yesterday a lot of prices drifting in weak markets particularly in the evening and on odds over 4. My current thinking is this is because of the book size and the ability for traders to bully prices out where there is no waiting opposition.
Peter blogged about early week markets yesterday.
I remember when Betfair tried the virtual racing. At first glance the markets were very busy, with money on and off with plenty of apparent activity, then I noticed the volume of zero. I can see the normal racing going the same way. Too much manipulation and short sighted greed going on. Afterall who likes placing a bet at 5s for it to shoot out to 6.5 a second after your bet is placed. Punters feel short changed on the exchanges now. 25 minutes to go to the 17:25 at Newbury and the volume just gone over 13K. Waste of time.
Horse racing is a dying industry .. a lot of which, is todo with the general economy.
The High St have stopped hedging on track, bookies now are mere conduits, for on-crse cash to exchange.
The exchange is being mis-sold, with preference for sportsbook .. so, 'mugs' are being taken away, and liquidity naturally dies.
If BF want the exchange to thrive, they have to give market makers (seeders) a comm break, especially in side mkts.
I am not convinced, they want to.
Race markets are now, illiquid, up to, 15 mins before the off. They have killed, a great concept .. weening punters, onto other areas, where their profit margin, is percieved to be bigger.
The High St have stopped hedging on track, bookies now are mere conduits, for on-crse cash to exchange.
The exchange is being mis-sold, with preference for sportsbook .. so, 'mugs' are being taken away, and liquidity naturally dies.
If BF want the exchange to thrive, they have to give market makers (seeders) a comm break, especially in side mkts.
I am not convinced, they want to.
Race markets are now, illiquid, up to, 15 mins before the off. They have killed, a great concept .. weening punters, onto other areas, where their profit margin, is percieved to be bigger.