Australian racing

[Naffman]

Sorry for the late reply Eric.

I would normally get out as they are loading the last horses into the gates, I've been caught in-play far too many times to risk it.

I wish you well trading Aussie racing

[Euler]

Us SP to be sure of an exit. I use that on all racing in case of a bit of momentary brain fade.

[trader-eric]

Us SP to be sure of an exit. I use that on all racing in case of a bit of momentary brain fade.

Thanks Euler, I have been using it sometimes however been caught when I have placed a hedge exit bet (at the left of screen where you choose a profit, loss or scratch) with say 30 secs to go then have hit TAKE SP and realised I have to reduce my exit profit/loss to say $2.40 down from $2.56 but then have forgotten the SP button the 2nd time around (or 3rd). I then thought it may be handy to have a tool that automatically does this for you somehow when you change your price eg; have a tool setting default to TAKE SP option after hedging because in Australia with the volatile markets and bugger all liquidity IN PLAY if you get caught you really need it.

[gazuty]

Thanks Euler, I have been using it sometimes however been caught when I have placed a hedge exit bet (at the left of screen where you choose a profit, loss or scratch) with say 30 secs to go then have hit TAKE SP and realised I have to reduce my exit profit/loss to say $2.40 down from $2.56 but then have forgotten the SP button the 2nd time around (or 3rd). I then thought it may be handy to have a tool that automatically does this for you somehow when you change your price eg; have a tool setting default to TAKE SP option after hedging because in Australia with the volatile markets and bugger all liquidity IN PLAY if you get caught you really need it.

See this thread viewtopic.php?f=17&t=10058&p=84364#p84364 and the automation I provided. Load it up into Guardian. Should help you out.

[blueport]

Got a lobster matched at decent odds on Mistral Thief in the first at Doomben.

Looked to be going ok to me and the favourites were under pressure.

Nice way to start the day.

[The dog of ry]

Nice work...

I love Steve Hawkins @ GC for declaring a HUGE move "in the ring" for a runner. I used to work the bag there, and a couple of hundred dollars there today will "move" a price.... and right on cue, it got rolled

[trader-eric]

Thanks Euler, I have been using it sometimes however been caught when I have placed a hedge exit bet (at the left of screen where you choose a profit, loss or scratch) with say 30 secs to go then have hit TAKE SP and realised I have to reduce my exit profit/loss to say $2.40 down from $2.56 but then have forgotten the SP button the 2nd time around (or 3rd). I then thought it may be handy to have a tool that automatically does this for you somehow when you change your price eg; have a tool setting default to TAKE SP option after hedging because in Australia with the volatile markets and bugger all liquidity IN PLAY if you get caught you really need it.

See this thread viewtopic.php?f=17&t=10058&p=84364#p84364 and the automation I provided. Load it up into Guardian. Should help you out.

Thanks gazuty, really appreciate the advice as i'm not real familiar with BA yet after switching from Evo. Problem is i'm using BA Trader version as I only do basic trading so probably needed it somewhere around the Tools - Offset bet with greening section EG; offset bet with Take SP as a suggestion obviously if others supported the idea. I will have a look at your thread again and maybe trial it for a day on Professional but I really like the Trader layout as slightly more fits on the ladder screen eg about 8 more prices at a larger display/ladder height of 13 versus less prices at 12 among other comparisons. Also it sounded somewhat confusing to set up upon reading the thread and responses from others. Thanks again

[blueport]

I love Steve Hawkins @ GC for declaring a HUGE move "in the ring" for a runner. I used to work the bag there, and a couple of hundred dollars there today will "move" a price.... and right on cue, it got rolled

I know what you mean. He loves to emphasise the the "money" horses in the run. It's totally useless information.

What kind of percentages were you betting at the Coast? I used to feel insulted when TVN showed the on course flucs for small country meets. It wasn't unusual to be betting 150%+.

[The dog of ry]

Shocking %'s for locals. Not uncommon at all in that 150+ zone. Lloyd Merlehan used to be first to open, and everyone else used to bounce off that. I remember a 6 horse race once, where all runners opened between 2.0 and 2.8
I also remember a race at Penola one weekday, where apparantley they used to take an average of the oncourse bookies to declare the opening fluc. Story goes there were only two bookies oncourse, and the fav opened at 1.3 with one, and a big price with the other. Fluc came through as $30, so as soon as the prices were set, this guy strolled through and backed it with everyone at the $26-30 that everyone put up! It bolted in, and I wondered if they got more at the other tracks with bookies operating that day...

[burdo77]

Here's some classics where the bookies got the proverbial shoved up their arse

https://www.punters.com.au/news/Punters ... gs_129345/

[trader-eric]

Hi all, has anybody experienced any irregularities regarding TAKE SP like this example; last Wed I placed an exit lay on Doomben Race 3 horse Satirical Lass bookies 1st fav around $3.2 and Betfair 2nd Fav $3.80 to back & $4 to lay at the jump. In the last minute the Bf flucs via Dynamic odds time stamps were $3.25 out to $3.80 BUT it returned a whopping $6 Betafair SP, basically 5/1 versus around 3/1 lay offer at the jump. I'm still glad I layed it but it turned what should have been a small loss into a big one. I really only use it as a safety net for if I get too involved in turning a loss into a scratch or a small profit and the race jumps or happens to jump early to avoid holding an open position. Unless anybody can shed any light on this for me naturally I am shying away from taking SP or for the race jumping early safeguard only. I also thought maybe Lay positions could be the ones to be extra careful with, particularly drifting ones as obviously it would have been nice to exit back it at that SP price. If this was a Harness or Dog race I would just put it down to my fault for getting involved in low liquidity affairs but with Metropolitan gallops with 113k matched it doesn't give me much confidence that SP is fair for Backers AND Layers

[The dog of ry]

Here's some classics where the bookies got the proverbial shoved up their arse

https://www.punters.com.au/news/Punters ... gs_129345/

Sweet sweet reading...
A friend of mine was working at the Isle of Capri TAB and had one of the "Lucy's Light" wagers go through there. They went to 5 different TAB's, and all dropped their tickets in at the same time... a thing of beauty!

[blueport]

Some good tales there.

I wonder if anyone amongst the corporates could see what was unfolding just before the jump of the Lucy's Light race? Surely alarm bells were ringing?

I backed a horse at a Wagga Saturday meet going back to the middle of last year. It was $12 to $5 with corporates and well supported on the exchange. Incredibly the on course SP came through at $10?

[burdo77]

I think market manipulation is rampant everywhere not only in horse racing, I see markets getting held at a price when the form just doesn't add up, then bang! A big move.

[The dog of ry]

In the Lucy's Light race, they all literally dropped their tickets in the last few seconds. Think its about 30 seconds for each of the fluctuation of tote odds, so being a staying race, it would have happened mid-race. Would have been a nice suprise for a few $5 punters

I've noticed the more often inflated tote prices also. I put it down to the TAB's offering of fixed odds on most events nowadays. My theory is, that a huge % of the whole pool goes on in the last minute or so before the race (picture rank and file punters in pubs nationwide scrambling to get on as the last horse/dog loads). They've usually taken a glimpse, and decided to either take the fixed, or tote, purely on which price is better. So you have a large amount of money hitting, or maybe more importantly NOT hitting the tote pool. Smaller the pools, the funkier the divs can be...
Now, I just need a plan to exploit it...