James1st wrote:He is very specific when he enters and his bets tend to match certain criteria..viz he is technically trading.
I have checked all his "bombs" today and the amounts he is betting varies from race to race but always brings the odds down to a technical indicator.
Very much disagree with this.
The final odds they bring the bets down to are not determined on the whole by the person but by the market. People such as myself will build a position up and lay it back off against this person. Therefore how much of their back stake remains is often determined by how much money people have to lay off. For example sometimes I will lay off several thousand against this person other times non depending on how I see the move panning out.
Also sometimes they just drop their money and have no control over how much money is waiting to lay at various odds. For example they could be looking to drop the money down to 2.4 but just as they drop it someone puts in a lay for £10,000 at 2.5 meaning they don't reach the 2.4 level. They have no control over what other people are doing.
Sometimes, 'they' seemingly give up trying to get their money on one horse and switch to another. In the very early days they were doing it on the rank outsiders, this got very little coverage for obvious reasons but I know a few people on here made a fortune from it and obviously kept it very quiet.
In the past 'they' have backed beaten horses inrunning for tens of thousands, in one particular example they come to the market late as the previous race was still running, as soon as that finished they moved to the next which was off and the fav was stuffed and I think I remember correctly was being pulled up yet still they hammered it in (obviously it didn't take long to have their money matched). This was literally throwing money away and offered absolutely no trading opportunity.
Numerous times you see 'them' inrunning and the person never has the slightest chance to exit a position as the odds just drift and no where near enough money is matched in the drift for them to be closing out.
Other times 'they' have laid horses, moving from one to another to another.
Sometimes they hammer multiple horses at once.
Anyway if this is all the same person which I believe it is I really see no logic to it, if you are seeing technical indicators in it all I would love to hear more as for all I can tell they just love to loose money.
All in all though I really couldn't care what they are doing but I just hope they keep on doing it as it is making a lot of people a lot of money, may the good times roll
P.S. The only one thing I can possibly think of that they could be doing is some crazy PC thing to rack up charges.
P.P.S. The UK horse racing isn't they only market you see them operating in (but you will have to figure out which other markets they do for yourselves)
P.P.P.S. I think it is important to also remember that there are a lot of non traders out there.