Royal Ascot 2018

[Korattt]

Cracksman just went pop.. took its time

Took ages

if memory serves the volume% was behind several times, got a bit anxious with that one

[Korattt]

Euler predicted it on his twitter page I believe - fair play!

He suggested that you exit at 1.40 which was spot on as it didn't trade any lower. I always have tweetdeck open which shows his tweets. I was surprised to see him tweeting so much, between Betdaq and Betfair I would have thought he would be 100% concentrating on the market itself, no complaints as I took his advice and reversed my position at 1.40.

wouldn’t be surprised if Euler was making a pot of tea whilst posting on twitter whilst putting oodles of cash through that market.. all at the same time,

just got Radio 5Live commentary on the Uruguay v Saudi Arabia game & Cornelius Lycette said that John Gosden reckons that Cracksman didn’t perform as he was distracted by the fillies in the previous race

[Derek27]

Capture.PNG

[dragontrades]

Had some serious lag on the 17.10

[Naffman]

just got Radio 5Live commentary on the Uruguay v Saudi Arabia game & Cornelius Lycette said that John Gosden reckons that Cracksman didn’t perform as he was distracted by the fillies in the previous race

Yes he warned people on itv that he got worked up before hand as well as he'd improve later in the season

Didn't stop them though

[dragontrades]

Could it be love has gone too far surely

[Derek27]

Could it be love has gone too far surely

Closed trade way to early.

[Derek27]

Capture.PNG

[Derek27]

Turnover for Wednesday approximately £12.2M, same as yesterday.

[dragontrades]

The last race seems to have traders trying to trade it like the earlier races but not enough betting money going through so things get a bit messy

[Dallas]

Yesterday was worst PE Tue in over a decade, today it's the worst PE Wed of the decade except for 2010

At least the post time figures for Wed are back on par for WC years

[SeaHorseRacing]

Shang Shang Shang looks a monster. Huge filly.

[Naffman]

Anyone else find Betdaq a bit better yesterday?

It still seems a long way off Cheltenham levels though

[megarain]

Yesterday was worst PE Tue in over a decade, today it's the worst PE Wed of the decade except for 2010

At least the post time figures for Wed are back on par for WC years

Plse forgive my ignorance, but what does PE stand for in this context.

I know a bit about Ascot.

I bought a half share in a Royal Enclosure rails pitch, for £105k. Once again, we track Matchbook prices, not Betfair, and any hedging goes to matchbook. Betfair comm at 2-5% is too high, and more bookies are seeing this .. so, I would expect Betfair to degrade.

Because the Matchbook place mkts are so weak, we stand all the place liabilities ourselves, with v little hedging.

The expenses (to operate on the week are about £5k), so, with an asset that only performs 5 days a yr, u have to generate a 'rental' return, and hope the asset increases in value, much like a west-end appartment, that u can only sub-let for 5 days a yr.

After 2 days, I am happy with the purchase, running above EV .. the bookie software now prints out, what u could have greened for, at the end of the meeting, and u can compare to your actual result.

I have pics, but they are iphone based etc.

[Naffman]

Just goes to show its almost as silly betting with betfair than other exchanges now, like when it was when people were betting with bookmakers rather than betfair 10 years ago!

You can almost get as much matched on Matchbook or Smarkets now and Betdaq closer to the start

Surely all bookies (like yourself) would like to save themselves 2%+ every hedge they make? If so liquidity should be well down