Horse racing turnover YoY
Very interesting.
When you add a 'volume per race' column and graph it (see attachment) it would appear that there hasn't, after all, been a steady decline in volume over the past year or so.
Jeff
When you add a 'volume per race' column and graph it (see attachment) it would appear that there hasn't, after all, been a steady decline in volume over the past year or so.
Jeff
gutuami wrote:trading volume by month
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And when you look at the pre-race volume per race (see attachment) there hasn't been a gradual decline with that either.
Jeff
Jeff
Ferru123 wrote:Very interesting.
When you add a 'volume per race' column and graph it (see attachment) it would appear that there hasn't, after all, been a steady decline in volume over the past year or so.
Jeff
gutuami wrote:trading volume by month
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I think it's a mixed picture.
And significantly, from your most recent spreadsheet, the average total volume per race since Sept 08 is £789,004, whereas the corresponding figure for 2010 alone is £813,783.
Jeff
And significantly, from your most recent spreadsheet, the average total volume per race since Sept 08 is £789,004, whereas the corresponding figure for 2010 alone is £813,783.
Jeff
gutuami wrote:there is a decline. Here you can have the data up till May 20.
An interesting debate. You have to be careful using just raw data as if there are more short priced favourties in one set of data than another then the former data will show much higher volume. So you can't really say it's like for like data which is why I adjust for this. £9bn on racing shows just how huge the market it but the surprise for me on that data is just how much is being matched in running.
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mikesalter
- Posts: 40
- Joined: Sun Mar 07, 2010 1:30 pm
Messing with the data a bit more shows the in play traded volume to average almost 23% which is stunning considering the most common piece of advice to a novice is 'NEVER GO IN PLAY'. Not sure whether or not its relevant but flat season in play trading in May, June, July, August and September is considerably lower than the average where over winter months in play trading is higher than average. Is this likely to be because of longer races?
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oddstrader
- Posts: 344
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The National Hunt is easier for in-play traders as in most cases there is ample opportunity to hedge out during the race - where as with flat it all happens extremely quickly - that said it is a hard job!
True, but if you have two months with a large sample of races (say, 1000), would you expect one month to have significantly more short-priced favourites than the other?
This isn't a rhetorical question, btw - it may be that certain types of racing have more low-priced horses than others.
Jeff
This isn't a rhetorical question, btw - it may be that certain types of racing have more low-priced horses than others.
Jeff
Bet Angel wrote:You have to be careful using just raw data as if there are more short priced favourties in one set of data than another then the former data will show much higher volume.
Thanks Gutuami.
Is it possible to use that data to devise successful in-play backing or laying strategies? For example, would it be possible to see what profit or loss would have resulted from backing or laying all horses at a particular price?
Jeff
Is it possible to use that data to devise successful in-play backing or laying strategies? For example, would it be possible to see what profit or loss would have resulted from backing or laying all horses at a particular price?
Jeff