Bank Holiday Monday racing

The sport of kings.
RideTheLightning
Posts: 136
Joined: Fri Jul 03, 2009 1:08 am

most of them are short races, so if they keep on time, might be ok.....
fuzzer54
Posts: 109
Joined: Wed Apr 15, 2009 2:23 pm

I'll be sticking to cricket and tennis!
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to75ne
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Joined: Wed Apr 22, 2009 5:37 pm

reckon its about 2/1 that the api goes tits up within the next 2 hrs :)
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jimrobo
Posts: 1290
Joined: Wed Mar 25, 2009 12:49 pm

I hope you have your app recording market behaviour because there is some ridiculous moves in the markets today. The only way I can describe it is its about as unnatural market movements I've seen. You may as well toss a coin.
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mugsgame
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Joined: Wed Mar 25, 2009 11:41 pm

What really rakes me is when a horse goes for 6 to 8 with no apparent reason in the 20 seconds before the off when nearly all of the runners (inc drifter) is safely in the stalls and quiet. This is not a bomber it's more sinister, and I have a fair what it is.

Stinks

In fact I am going to start posting these outrageous drifts on twitter under the hash tag #STINKS
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superfrank
Posts: 2762
Joined: Fri Aug 14, 2009 8:28 pm

'interested to know what your fair idea is?...

funny markets today.
steven1976
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mugsgame wrote:What really rakes me is when a horse goes for 6 to 8 with no apparent reason in the 20 seconds before the off when nearly all of the runners (inc drifter) is safely in the stalls and quiet. This is not a bomber it's more sinister, and I have a fair what it is.

Stinks

In fact I am going to start posting these outrageous drifts on twitter under the hash tag #STINKS
Are you not able to take advantage and jump on board these late drifts?
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mugsgame
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steven1976 wrote:
mugsgame wrote:What really rakes me is when a horse goes for 6 to 8 with no apparent reason in the 20 seconds before the off when nearly all of the runners (inc drifter) is safely in the stalls and quiet. This is not a bomber it's more sinister, and I have a fair what it is.

Stinks

In fact I am going to start posting these outrageous drifts on twitter under the hash tag #STINKS
Are you not able to take advantage and jump on board these late drifts?

What do you think? :D
petexxxx
Posts: 3
Joined: Wed Nov 11, 2009 11:19 pm

I have noticed this happening regularly over the past couple of months to the point where it has f**cked my strategy up.
I couldn't jump on the other side of the market because to trade I need a reason, so to lay a horse that appears to be in its correct price range makes no sense to me.
steven1976
Posts: 1744
Joined: Tue Jan 19, 2010 6:28 am

My guess is the second you jump on it the market turns against your order if you get any matched?
If Im correct, I also think it started happening a long time before start of July as others have discussed in other threads.
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mugsgame
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Joined: Wed Mar 25, 2009 11:41 pm

steven1976 wrote:My guess is the second you jump on it the market turns against your order if you get any matched?
If Im correct, I also think it started happening a long time before start of July as others have discussed in other threads.
The conspiracy theory doesn't hold any water. Just because you lay a horse for £50 at 6 there is no reason for it to drift a whole 2 points.

If your laying at the bottom of a trading range it is normal to see a mass over reaction to the bounce, but these instances are nowhere near the bottom of the trading range.

The other thing is in the last 30 seconds of a market the activity dies to a minium. Thats when it happens.
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Euler
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Joined: Wed Nov 10, 2010 1:39 pm

I've spotted something very specific on the 1st July. Other activity is just normal market behaviour that's been going on as long as I can remember. Difficult to say on specifics but...

Don't ever get tied up in 'the market is against me' moments. The market is the market and you just have to find a way to work in it, whatever it does. That's the nature of the beast.
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JollyGreen
Posts: 2047
Joined: Sat Mar 21, 2009 10:06 am

Hi to all

I've been missing for some time but though i would jump into this thread.

I see this all the time and don't bother to even think about it any more. As Peter said "the market is the market". I am not saying you are wrong or that you should also ignore it, that's not my style, I am just saying I don't bother any more.

Here's a weird one for you.

I know of a horse that is having real issues in training. They simply cannot fathom out the issue as it seems to train like a Group horse one day and a Selling plater the next. It goes to the course and simply hates it 80% of the time and does no racing; it simply runs around the track. The sent it to an evening meet at a course where it hadn't previously run. It hated it from the moment it arrived. My mate rang and told me it would race rather than refuse but it simply loved being behind horses and would not figure in the race. The price on the win market started to drift as expected but then it settled around the 26.0 mark. It should have been 1000 because it would never win. On the place market they smashed it up and it moved into the low 3.0s at one point :? :? I am not sure who was backing it so strongly on the place market but that shows how crazy moves can start without any solid reasoning behind them.

BTW, I think it is still running!

Good to be back...not sure for how long??

JG
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superfrank
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mugsgame wrote:The other thing is in the last 30 seconds of a market the activity dies to a minium. Thats when it happens.
in thin markets such moves have to be expected from time to time. my guess is it's just a trader leaving it too late to hedge a back position and has to lay at bad prices to get level. same thing happens in the opposite direction too. when there is a combination of poor liquidity and no one around looking for value on the runner then said sharp move occurs.

Euler once said on another thread that prices are historically most efficient at the official off time and less efficient at the actual off (apologies if i've got that wrong Euler).
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