Today's Horse Racing

[steven1976]

Is the bomber back? Some heavy bets being landed.

No, i think someone just keeps shooting through their own money. Looks real though!

[stevequal]

1.01 first race at Notts. 10k matched.

[stevequal]

My favourite chart from yesterday and typical behaviour in several markets. We're going down everyone, now we're going back up.

[stevequal]

Seems to be some huge drifts on favourites at evens. Is it anything to do with the weather?

[PeterLe]

Grrrr! I hate Wolverhampton!
I dont normally trade it..but I hadnt lost a race all day and thought it was meant to be!

[walshy]

it all went a bit mental in the last hour or so markets all over the place

[stevequal]

I dont normally trade it..but I hadnt lost a race all day and thought it was meant to be!

I was watching and thinking this trade can't possibly move any further. I am sure that's a famous trading quote somewhere.

[Yirkaa]

Yup, same thinking here.I was actually on the drift since 3.0 but got out wayyyy to early. Money spoofing at the back side made this only more confusing.

[stevequal]

Markets feel nicely settled today, hope I haven't spoken too soon.

[PeterLe]

I was just thinking the same thing; I was talking to a fellow trader last week and i said that after the first three races, you tend to know how the day will pan out. >?

[stevequal]

I was just thinking the same thing; I was talking to a fellow trader last week and i said that after the first three races, you tend to know how the day will pan out.

Interesting point. I am currently putting together a database of all the data I've ever recorded and while I am keen to look at similar races across time, I am starting to wonder whether the best information/signals are from the first hour of the markets.

I also noticed that in a recent blog that Peter W said he accelerates his risk into the market based on how the day unfolds.

[PeterLe]

Steve,
The strange thing is (and this shouldn't correlate), I used to email a full time trader who doesn't trade now because of PC, but I found (in general) when he had a good day using Pre Play I also had a good day "in play" and visa versa
Its almost as if betfair/ANother are switching something on and off and various days at will??
regards
Peter

[stevequal]

@PeterLe

I think pre & post are different beasts and all I can assume is that the link between them was liquidity levels.

I know Betfair aren't popular among traders, but I don't believe they're switching anything. The days of struggle I think are either down to lack of liquidity and/or simply individuals trying to manipulate the market.

[jimrobo]

I'm completely with peter about something being turned off and on. I also think it gets turned on and off during the day and I can usually pinpoint when this is to within a couple of races. The market behaviour completely changes.

[walshy]

appologies a little bit off topic is anyone else having problems everything seems very sticky, bets taking a lot longer than usual to show on the ladder etc, feels to me here as though the whole thing could fall over.

Just trying to find out if its a local issue to me or not