That is true Betfair, Blighty and Horse Racing all suffer from declinism, we in fact have not as country had a booming economy since before the 2008 worldwide financial crisis, may the exchange pick up or at least stabilize in an era of economic prosperity which 4 consecutive Tory PMs have not given us?ShaunWhite wrote: ↑Tue Jun 13, 2023 5:01 pm.
Tbh it would be strange if volume wasn't down given the state of the country.
Today's Horse Racing
i dont often trade monday and tuesday.
Would you expect a class 6 hcap at ayr in the early evening of a june tuesday to attract that much more?
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Racing has been in decline for years, the amounts matched these days are pitiful compared to the glory days of 10+ years ago. I also think cross matching takes away so much liquidity, at source, that the amounts available are so much lower than what we'd have if it was a true exchange. You can literally sit for minutes now waiting for one half of your trade to be taken close to the off even when you're head of the queue.
- jamesedwards
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There's also a decline in new punters partly due to social and cultural changes. There was once a time many people bet.These days those that do take up betting tend not to be aware of the exhanges or are prejudiced against them. Also add in afforadability checks etc which all add to the decline in liquidity and traded volume. The bookies must be rubbing their hands with glee as exchanges decline and become tools for them to hedge leaving the few new punters there are drawn to sportsbooks.MaxLiability wrote: ↑Tue Jun 13, 2023 7:02 pmRacing has been in decline for years, the amounts matched these days are pitiful compared to the glory days of 10+ years ago. I also think cross matching takes away so much liquidity, at source, that the amounts available are so much lower than what we'd have if it was a true exchange. You can literally sit for minutes now waiting for one half of your trade to be taken close to the off even when you're head of the queue.
Don't forget an influence of another form of the gambling - widely easy accessible fin-trading apps and tons of shitfluencers promoting them.ANGELS15 wrote: ↑Thu Jun 15, 2023 8:13 amThere's also a decline in new punters partly due to social and cultural changes. There was once a time many people bet.These days those that do take up betting tend not to be aware of the exhanges or are prejudiced against them. Also add in afforadability checks etc which all add to the decline in liquidity and traded volume. The bookies must be rubbing their hands with glee as exchanges decline and become tools for them to hedge leaving the few new punters there are drawn to sportsbooks.MaxLiability wrote: ↑Tue Jun 13, 2023 7:02 pmRacing has been in decline for years, the amounts matched these days are pitiful compared to the glory days of 10+ years ago. I also think cross matching takes away so much liquidity, at source, that the amounts available are so much lower than what we'd have if it was a true exchange. You can literally sit for minutes now waiting for one half of your trade to be taken close to the off even when you're head of the queue.
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Yep that's where the kid's money goes these days, crypto or share trading apps, much more exciting for them than watching horses going round and round. Horse racing was always seen as an old mans thing even when I started 30 odd years ago, the powers that be haven't done anything to change that.
If Racing did more to promote the in-running stuff I think that would really attract new and younger people to the betting side. Its fast, exciting, volatile. Ideal for the low attention spaned youth of today, they would love it!
- ShaunWhite
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Been saying too for years, why the hell would anyone under 50 be interested. Greyhounds are even worse. The authorities can't do much about the fact there's no team/social aspect to get behind, a million supporters (eg footy) creates a buzz and an interest, but 10000 largely similar horses never will.MaxLiability wrote: ↑Sat Jun 17, 2023 1:26 pmHorse racing was always seen as an old mans thing even when I started 30 odd years ago.
Scrap the amateur ownership, create 30 professional ownership 'teams' and have them compete in a leagues for different grades of horse. It's not hard to imagine, it's how every other sport works from cycling to the NFL.
- ShaunWhite
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Low attention span? This is the generation who'll spend 16hrs a day on a game!
30 seconds action 20 times a day leaves a lot of time to be waiting for anything to happen and lots of time to find something more interstesting, and better value for money.
Just because someone can play video games for hours doesn't mean they're fully engaged the whole time. A gamer might be multitasking, frequently checking their phone, chatting with friends, or intermittently browsing the web. So while it may seem like they have a long attention span because of their ability to play video games for extended periods, the reality may be more nuanced.ShaunWhite wrote: ↑Sat Jun 17, 2023 4:03 pmLow attention span? This is the generation who'll spend 16hrs a day on a game!
30 seconds action 20 times a day leaves a lot of time to be waiting for anything to happen and lots of time to find something more interstesting, and better value for money.
Video games are designed to be immersive, dynamic, and often reward-driven. They provide instant gratification, regular challenges, and an ever-changing environment. This is significantly different from activities like reading a book, listening to a lecture, or even having a conversation, which may require a more sustained and less reward-driven focus.
- ShaunWhite
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We grew up in a time when learning to cope with being bored was a skill. This generation are blessed with having so many things to do that they multitask them. The don't have a short attention span they have an intolerance towards boring shit because they have more choice.