Racing this month
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GranpaChook
- Posts: 21
- Joined: Fri Jul 17, 2009 1:33 pm
Terrible! I was quite pleased when I saw this thread as I thought I'd just 'lost it' or something as the whole month has been nigh on impossible for me! It seems as if there's no genuine liquidity, orders take forever to get matched and the market seems to move in very strange ways.
Do people think it will revert back at some point or is this now the par for the course?
Do people think it will revert back at some point or is this now the par for the course?
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
for the record i've had a lousy month on the horses. 'can't blame the markets, although i've found it hard going which led to a loss of discipline (and we all know where that ends!!).
This for me is the straw that broke the camels back. I have all but finished with Betfair and moved completely to betdaq.
Need to make some subtle changes to allow for the differences in the markets. This hardest part is trying to get out of a trade going south. I have managed to turn good greens into losses because I left it too late.
But I feel happier knowing I keep what I earn.
Need to make some subtle changes to allow for the differences in the markets. This hardest part is trying to get out of a trade going south. I have managed to turn good greens into losses because I left it too late.
But I feel happier knowing I keep what I earn.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Peter, do you have any data on the amounts being matched per market? Is it as you would expect or higher/lower?
Also do you have any way of looking at the cross over points? Such as 3.0, 4.0, 6,0. It may just be my imagination but these points don't seem to be 'behaving' as I would expect of late.
TIA.
Also do you have any way of looking at the cross over points? Such as 3.0, 4.0, 6,0. It may just be my imagination but these points don't seem to be 'behaving' as I would expect of late.
TIA.
Hi Steven
Let's say that the spread is 4.5 - 4.6, and there is £100 waiting to be matched on either side of the spread. I think the price will rise, so I lay using the £100 at 4.6 and place a stop at 4.2 Suddenly, the market turns against me. The money at 4.4 and 4.3 gets taken out, and my stop is triggered.
Perhaps what's happened is that someone's laid out some bait for someone to take, and then matched their own money to force the market down and trigger my stop. I entered a market thinking that there was loads of action and loads of real money, when in fact I'd walked into someone's con.
Is that the kind of thing you have in mind?
Jeff
Let's say that the spread is 4.5 - 4.6, and there is £100 waiting to be matched on either side of the spread. I think the price will rise, so I lay using the £100 at 4.6 and place a stop at 4.2 Suddenly, the market turns against me. The money at 4.4 and 4.3 gets taken out, and my stop is triggered.
Perhaps what's happened is that someone's laid out some bait for someone to take, and then matched their own money to force the market down and trigger my stop. I entered a market thinking that there was loads of action and loads of real money, when in fact I'd walked into someone's con.
Is that the kind of thing you have in mind?
Jeff
steven1976 wrote: Yes I was talking about the self matching which to me is wrong.
hes saying some people can match their own money and have it showing as matched creating a market and a false price.
example
sandown 14:00 thurs
i could go and back and lay now on the fav for thousands(my own money) and there would still be only £2500 matched(as i speak) i think steven reckons someone could do the same as me yet their back and lays will show as matched creating a market where there appears to be 25k matched
example
sandown 14:00 thurs
i could go and back and lay now on the fav for thousands(my own money) and there would still be only £2500 matched(as i speak) i think steven reckons someone could do the same as me yet their back and lays will show as matched creating a market where there appears to be 25k matched
I disagree. They have their limitations, but that doesn't mean that they are useless. For a start, BA has faster reflexes than you or I, and it isn't likely to hesitate because it finds taking a loss uncomfortable. 
IMHO, the problem with stoplosses is that people sometimes set them too near or too far from their entry point, or they use them in situations where offering to close would be more appropriate than taking the current price.
Jeff
IMHO, the problem with stoplosses is that people sometimes set them too near or too far from their entry point, or they use them in situations where offering to close would be more appropriate than taking the current price.
Jeff
Zenyatta wrote:jeff yes stops are totally useless in horse racing markets users need to find alternative means of risk management
