So this is how Cheltenham has gone so far from my perspective. We are looking at volumes that are generally down a little bit on last year and all the order queues are roughly about the same size. So as a consequence the fill rate has dropped a little bit.
If you want to get large amounts of money through the market, this sort of situation persists until about the last five minutes and then a lot of the money gets removed from the queue and that's producing some quite large so moves that we are not used to seeing at Cheltenham.
So you have two ways of approaching it, you can either jump in the market early and try and get your orders field before that period arrives or you can wait until the last five minutes, probably realistically somewhere between 2 to 5 minutes and jump on one of those big moves.
Cheltenham 2019
Those final mins have accounted for most of my profits this year, often having to turn an earlier red around by that time.
Despite just the one loss on day one as I said yesterday, I don't feel I've fully got into a rhythm this year (yet) and as a consequence have ended up with a series of mainly mediocre results
Despite just the one loss on day one as I said yesterday, I don't feel I've fully got into a rhythm this year (yet) and as a consequence have ended up with a series of mainly mediocre results
I noticed that as well, I did wonder for a moment if it was going to go inplay at all.
I could have written pretty much the same. Peter's summary has summed up exactly what I have seen. It is very disappointing to see yet another drop in volumes as I am sure I remember Peter saying last year that volumes were down as well.
You would think Betfair would be bothered by these patterns but still it seems the focus is all sportsbook. The excahnge should really imo be spun back out into its own company and taken private. IT comes across as though it is more of an annoying sibling to BFPP.
I'm sure the exchange would really thrive given its own space and agenda. You often see things like this happen. When you are part of a unit within a company you get crushed by the corporate imperative.You would think Betfair would be bothered by these patterns but still it seems the focus is all sportsbook. The excahnge should really imo be spun back out into its own company and taken private. IT comes across as though it is more of an annoying sibling to BFPP.
may i hve your permission to use your profile picture as my twitter display picture?PDC wrote: ↑Thu Mar 14, 2019 1:55 pmI noticed that as well, I did wonder for a moment if it was going to go inplay at all.
I could have written pretty much the same. Peter's summary has summed up exactly what I have seen. It is very disappointing to see yet another drop in volumes as I am sure I remember Peter saying last year that volumes were down as well.
You would think Betfair would be bothered by these patterns but still it seems the focus is all sportsbook. The excahnge should really imo be spun back out into its own company and taken private. IT comes across as though it is more of an annoying sibling to BFPP.
Might be interrupting it wrongly but it appeared to me someone got in trouble on the Fav in 14:10 and were trying to boss the price about with a ~£10,000 stake and seemingly got themselves in a mess and the price just broke down in the last few minutes drifting rapidly.
P.S. If it was me that was being asked about the profile picture, of course you can use it.
P.S. If it was me that was being asked about the profile picture, of course you can use it.
The same horse won't be running but if the connections have a horse later it may well shorten as people all of a sudden think they are in red hot form. Peter did a video about it a while back.
Edit: Now JP and Barry Geraghty have won the first two keep an eye on their horses being backed in now as punters think they can do no wrong today.
Last edited by PDC on Thu Mar 14, 2019 2:17 pm, edited 1 time in total.
Also at the moment the message is so mixed all being under the one brand. They should have used the name change recently to make sportbook 'Flutter' and kept Betfair for the exchange imo.
Bookies are starting to take a real hammering with these well backed favs coming in. Also with 2 favs winning the first two races punters will be flush which should help liven the day up.
Love that Barry Geraghty said his kids teacher's had wheeled in the TV to the classrooom at school so the kids could watch his race
Love that Barry Geraghty said his kids teacher's had wheeled in the TV to the classrooom at school so the kids could watch his race
2015 £102.5m
2016 £119m
2017 £125m
2018 £113m
If the next 2 days are down the same amounts as they have been the first 2 we'll end below 2015 levels and maybe even £100m