Royal Ascot 2014

The sport of kings.
andyfuller
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Joined: Wed Mar 25, 2009 12:23 pm

What a race! Great ride by Joseph!
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Euler
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Joined: Wed Nov 10, 2010 1:39 pm

andyfuller wrote:How have you found it today Peter?
I've had an excellent day so far (Apart from the bike crash)
hgodden
Posts: 1759
Joined: Thu Apr 16, 2009 2:13 pm

Did anyone other than peter find it good today? Because all I could see was a load of manipulation bots on practically every runner pushing the prices around. Would never expect to see the markets at ascot this bullied.

How did other Betangel users find it?
chuck536
Posts: 205
Joined: Fri Aug 20, 2010 4:41 pm

just come on here to ask the same question H - for Ascot i thought today was pretty tough just walls of unmatched cash knocking the price action about on multiple runners.

was the volume of unmatched money up on recent years Peter? wouldn't be surprised if it was massively.
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to75ne
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Joined: Wed Apr 22, 2009 5:37 pm

hgodden wrote:Did anyone other than peter find it good today?
How did other Betangel users find it?
no ascot real poor for me - but i had a blinder at ripon so aint moaning - just ascot - ok yesterday - crap tuesday.

it seems i read ascot totally wrong.
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Euler
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Andy and I were talking about Betdaq, but I guess you guys are still on Betfair?
steven1976
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Hi Peter just curious, has something happened to make you quite keen on pushing BETDAQ the past couple of weeks? I know the easy answer is there is money and doing well on BD, but usually I understand you trade both exchanges anyway. Has something new happened or going to happen over at BF that you don't like?

As to ascott I found it okay. Not that I like what is happening when being 50 quid from the front of the queue with 12k behind me and in a good position on the opposite side, I know I'm going to have to be quick to get a scratch in or be sat behind 10k that is ticking down slowly.
hgodden
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What's that analogy involving straws?
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Euler
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steven1976 wrote:Hi Peter just curious, has something happened to make you quite keen on pushing BETDAQ the past couple of weeks? I know the easy answer is there is money and doing well on BD, but usually I understand you trade both exchanges anyway. Has something new happened or going to happen over at BF that you don't like?

As to ascott I found it okay. Not that I like what is happening when being 50 quid from the front of the queue with 12k behind me and in a good position on the opposite side, I know I'm going to have to be quick to get a scratch in or be sat behind 10k that is ticking down slowly.
Betdaq's just taken off for me since about mid may. Pushed it a bit at the Derby and did well and pushed hard at Ascot and have done better. So I've traded both exchanges, but Betdaq is just a much better performer for me. It's like something has clicked in the market suddenly.
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Euler
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TBH, the joy of getting a big total and getting to keep pretty much all of it, has probably got me a bit more excited than usual! 8-)
steven1976
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Joined: Tue Jan 19, 2010 6:28 am

I can imagine (dream) it must be a good feeling to not be feeding bf. I wonder if it will be sustained or just a little blip?

A friend was considering doing more of his footy over there at Bd but has it got better in the coverage of footy markets yet? I always found it to be a bit thin on the games.
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Euler
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That first race at Ascot today was just bonkers!
chuck536
Posts: 205
Joined: Fri Aug 20, 2010 4:41 pm

That last race at ascot was mental too. You trade the favourite don't you Peter - did you see the 10k, 20k, 50k stakes pushing it about and holding the price?
chuck536
Posts: 205
Joined: Fri Aug 20, 2010 4:41 pm

More of the same - at a poor seller at Market Rasen directly after Ascot is someone really betting 10's of thousands - just watching it switch sides of the ladder again and again.
steven1976
Posts: 1744
Joined: Tue Jan 19, 2010 6:28 am

Not sure how long your screen shot will stay up chuck but we all feel the pain. BF have been to forgiving to their market makers for to long.

We have had our discussions else where previously and to be honest its been going on a lot longer than you realize. The problem is in my opinion, they have dried out the little small traders (short term trades) so the only thing funding the markets is bigger traders now and the bank will win. At the end of the day if you can chuck 20k each side and it looks like matched bets, what hope does the smaller banks have?

Example, I enter a 5 k back bet 8 mins before the off against the market at 2s. The market takes my back bet and uses their funds which i can never compete with and pushes price out matching their own money to 2.3. Nothing else actually happens apart from my 5k bet. Now the market starts matching lots of money and a new bot point or money belt arrives. 3 mins from the off people see a new price point and start backing at 2.32. Market making not now slowly starts getting rid of my 5k by making an opinion of a market by matching bets (of their own) at a speed that benefits them.

Its really that simple if you take out the other traders, bookies etc.... And think of it from the ground up.

I get a feeling a few people are pointing fingers at the moment and maybe they are right to a certain extent. However any dodgy practices lie solely with bf for letting their market makers or if it is themselves (don't believe it is), get away with things.
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