Cheltenham Festival 2018

[Trading96]

Amazing move on Melon for a grade 1.

[Dallas]

Buveur Dair hit 1.95 on BD while still 1.81 on BF!

[Naffman]

Nice desperados on Buveur D'Air late on Betdaq

[Dallas]

I was looking at my first BD loss for most of that market

[Wolf1877]

I was caught off guard by just how quickly it drifted from 9.8 out to about 15 just before the off.

I wasnt planning to gamble on Sommerville in a field of 20 but my automated fundamental analysis just boosted my confidence

See imo what you've just done is demonstrate why it's wrong to blame manipulation.

Your entry was based on fundamentals, but your exit on technicals

15 to a pure fundamentalist would've been an amazing price, no matter how it got there (if nothing changes with the horse)

Manipulation maybe a tad strong. Perhaps I should say a collective trader push to profit from moving the price out over and far above the profitable 10 crossover point. I see this kind of thing happening all of the time in markets but with the larger volumes I expected Cheltenham to be more stable and hence I had a larger position than I would normally take and was also slower to exit the position.

My entry was backed up by fundamentals and my (late) exit was due to over exposure. At the end of the day its down to my inexperience of not knowing what to expect with Cheltenham. From what I have seen today Cheltenham is just a volume upscaled version of a normal volatile betfair market where anything goes with big players pushing larger sums around in the market. On Kalashnikov earlier today I recorded and saw 6K unmatched on the lay side switched to a 6K unmatched on the back side within a single second with nothing having been traded. i.e. almost certainly a single trader just flipped the market a notch up the ladder. If it had been a group of traders it wouldnt have happened simultaneously in the blink of an eye.

[gstar1975]

Place markets are trading okay if you want to avoid the congestion of win markets.

Cant believe there are gaps in the Place markets

[Derek27]

Place markets are trading okay if you want to avoid the congestion of win markets.

Cant believe there are gaps in the Place markets

I actually spoke too soon and made a loss on the Champion Hurdle place market.

As with all place markets they can be very one-directional and frustratingly money often disappears just before the off - not ideal to wait until the last minute to close trades.

[ShaunWhite]

anything goes with big players pushing larger sums around in the market.

You'd be brave to be trying to manipulate the big stuff today.
Just different people doing different things depending on what they'd previously done differently I reckon. Profit taking, bets, hedging liability, traders, arbers, layers....they're all big numbers.

[Derek27]

Perhaps I should say a collective trader push to profit from moving the price out over and far above the profitable 10 crossover point.

It's really hard to imaging a collection of traders all doing the same thing with the same intention. At the end of the day, everybody is applying their own strategy but ultimately you only have back or lay options - it's what the majority do that determines where the price goes.

[Dallas]

First time I've used BD properly while having servants available on BF, they certainly make life much easier when trading two exchanges!

[dragontrades]

First time I've used BD properly while having servants available on BF, they certainly make life much easier when trading two exchanges!

r u using them for orders?

[Dallas]

First time I've used BD properly while having servants available on BF, they certainly make life much easier when trading two exchanges!

r u using them for orders?

Yes almost everything, I have them assigned to individual buttons so single push rather than clicking all over the place is all that needed to place multiple entries, exits and greening with safety servants for taking SP etc

[Atho55]

next race

[Derek27]

La Bague Au Roi.jpg

[dragontrades]

Not taking SP again.

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