Today's Horse Racing

[Dallas]

someone had a mare 4.30 laid a horse for 100 at 1000/1 and he's trying to get out

Trading at 80s just before the off having had nearly 100K matched at 1.01
Someone cocked up big time.

[ruthlessimon]

someone had a mare 4.30 laid a horse for 100 at 1000/1 and he's trying to get out

Trading at 80s just before the off having had nearly 100K matched at 1.01
Someone cocked up big time.

Someone could have entered at 1000 and exited at 1.01, that must be a first!?

[Jukebox]

It was actually 100K and someone must really be smarting after that. Clearly a mistake but I wonder what was intended. I'm imagining
"oops, I forgot I had the reverse book settings on
" or
"I really should test my automation in practice mode"
and of course...
"I wouldn't have had all that money there if I could have left most of it in my Australian wallet"

[Euler]

Another error in the 15:45, currenly 1.66, laid at 5.00

[Euler]

Volumes at Bangor are woeful today

[Jukebox]

someone had a mare 4.30 laid a horse for 100 at 1000/1 and he's trying to get out

Trading at 80s just before the off having had nearly 100K matched at 1.01
Someone cocked up big time.

If it wasn't for cross matching he might have been left with most of it unmatched for a while.

[ruthlessimon]

A well behaved short priced fav. Let's hope they continue!

[ruthlessimon]

Oh yes! Lovely move at Newcastle. From 3.0 to 2.1 in 5 mins. If you had the balls to hold that to post it's a £500 move!

[ruthlessimon]

I reckon there's a few traders in a world of pain after that one. Unless you saw the bounce coming

[SeaHorseRacing]

I reckon there's a few traders in a world of pain after that one. Unless you saw the bounce coming

It was never going to continue. Sometimes you just have the gut feeling and know that it would not continue. Experience I guess. Plus the smaller the odds the bigger the percentages in chances to win is most likely. If it did continue was never going much further.

[SeaHorseRacing]

Not sure how much experience you have but I will give you a little guide. When a horse is priced around the 1.5 mark and already been smashed in. Think about it, it is quite unlinkely for it to go to down all the way to 1.2 or further. And again if a horse is priced 1.2 it is very unlikely for it to drift to 1.5.

However this is not an exact science. But no reason for horses around the 1.8 mark to be smashed in to 1.5. So many other contributing factors. It had already move alot from a very low price it simply couldnt continue. Personally from my experience sometimes when you see that just dont get on the back side. If you see a reverse get on. These are the trades that can kill your profits by jumping on the trend. Sometimes they do go on. but risk reward scale it was always most likely to drift more then steam further.

[ruthlessimon]

Yes completely agree. Newcastle just had pretty much the exact same characteristics

[SeaHorseRacing]

Heres a link for some chart archives uploaded from Mr Webb. Highly recommend! Enjoy

http://www.betangel.com/betfair-charts/

[ruthlessimon]

Not sure how much experience you have but I will give you a little guide. When a horse is priced around the 1.5 mark and already been smashed in. Think about it, it is quite unlinkely for it to go to down all the way to 1.2 or further. And again if a horse is priced 1.2 it is very unlikely for it to drift to 1.5.

However this is not an exact science. But no reason for horses around the 1.8 mark to be smashed in to 1.5. So many other contributing factors. It had already move alot from a very low price it simply couldnt continue. Personally from my experience sometimes when you see that just dont get on the back side. If you see a reverse get on. These are the trades that can kill your profits by jumping on the trend. Sometimes they do go on. but risk reward scale it was always most likely to drift more then steam further.

Here's what I was thinking. I could still see a fair bit of genuine money for the favourite and it had just broken a defined range at 1.70. I back at 1.68. Falls down to 1.58 where it creates a new resistance level. The price then rockets back (I exited at breakeven). In hindsight, yes I should have followed it on the way out! Still a 10 tick move downwards is a £100 move on the right sized stake

-Yeah, just had a quick look back at the video. A massive 5k lay bet went in and suddenly the back side looked incredibly weak. I've come to realise that 3 minutes out seems to be a pivotal point in the market. What I also found fascinating was that the 2nd, 3rd & 4th all reversed at the same time as the favourite. Could someone have traded all 4 runners just by using the favourite as a trigger?

[ruthlessimon]

Heres a link for some chart archives uploaded from Mr Webb. Highly recommend! Enjoy

http://www.betangel.com/betfair-charts/

Cheers mate