Rubbish racing

[hgodden]

Speaking of the levy, when's the Culture Secretary's decision due?

Jeff

The sport in its current form is unsustainable and it is only going to get more unsustainable as the Levy continues to fall.

The culture secretarys decision about the levy is seperate from the Levy Board' exhchange consultation. Anyone who took the time to write in would have received an email asking for responses to the submissions (19 were made, only 12 coming from individuals) that are posted on the website here http://www.hblb.org.uk/document.php?id=388

Amazing turnout of traders really, especially considering that it as been claimed that over 6,000 betfair users should be paying levy - of the 12 individuals that wrote in most clearly weren't traders. That 6,000 is clearly a ridiculous figure, but if anything were to happen about this and exchange users were to be classified as being 'in business' (which would also mean profits would be taxable too?) then some people would feel very silly that they didn't bother to take the time to write one email

[andyfuller]

Another three runner today at Exeter 13:50 starting at 1.29

5 mis between Musselburgh and a 2m4f race and Ascot and then a 15min gap = genius race planning

[rhysmr2]

Today looks worse for me, Musselburgh and Ascot, always rubbish.

Not made a penny so far today.

[giulio2010]

Watamu bay jockey look at Tarateeno just b4 the finish...slow down man slow down man...and so tarateeno jockey with all the strenght he had left he holded the horse to get 2nd..nice1....

[Exacta]

Only four races today with 10 or more runners.

[Euler]

13:00 three runner at Kempton ends with one runner when the other two fall.

[andyfuller]

Utter rubbish for trading today

[andyfuller]

13:00 three runner at Kempton ends with one runner when the other two fall.

Money buyers out in force at 1.01 as they can't lose, £210,000 matched at 1.01, not sure why the layers were giving money away as they couldn't win laying the horse - I think it is a shocker that if all fall the race is voided - why should you get your money back - jumping is part of racing so effectively shafts the layers.

[Euler]

I thought that was odd as well.

[rhysmr2]

Today is awful, down about £80 at the moment, lost early on and can't seem to pull it back.

[LeTiss]

Strangely enough, I very rarely dabble in racing, but have been playing around over the past few days & have made £280

I think it depends on your trading style

I'm used to sports trading - small fields with an odds on favourite. This might be why crappy racing maximises my trading strengths

[rhysmr2]

I'm about £170 down and it's annoying, Can't read these markets at all today. Think I'll pack in before I do some damage.

[Iron]

What approach have you been taking, eg scalping, swing trading, etc?

Jeff

Strangely enough, I very rarely dabble in racing, but have been playing around over the past few days & have made £280

I think it depends on your trading style

I'm used to sports trading - small fields with an odds on favourite. This might be why crappy racing maximises my trading strengths

[LeTiss]

I predominately scalp a couple of ticks, but will move my money further out when it looks like steaming in by 5 or more.

It might just be coincidence Jeff, but with larger fields and weaker favourites I seem to struggle to read the markets

[rhysmr2]

Well, I didn't pack in and I lost £246

I don't know how any of you guys made money from today, It seemed impossible to me!

16 races traded and only profited in 4! not sure I've ever traded as consistently bad before