Today's Horse Racing
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spreadbetting
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
I'm not saying there won't be times when traders have an effect of the market. especially low liquidity ones, but market movements are never black and white so we'll always need to make some generalisations otherwise we'd be writing essays to cover each small % scenario. Markets can move with little, or even no money, being matched depending on people's confidence etc but in general it takes matched money to drive the ebb and flow of the market and that comes from punters, either clued up ones searching value, bookies hedging punters bets or more hopefully your average Joe who can't be bothered to hang around for an extra tick and will take any price on offer.
Not all traders win, and not all traders lose. Many break even or make an insignificant profit/loss. I wouldn't be surprised if some of these are fairly big traders propping up the market.spreadbetting wrote: ↑Tue Nov 07, 2017 5:02 pmI'd be surprised if the unprofitable traders are playing with stakes large enough to influence the markets on a long term basis.
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ShaunWhite
- Posts: 10560
- Joined: Sat Sep 03, 2016 3:42 am
It's also highly unlikely that there is a consensus in the punting community about what the true value of a horse is. In fact if it were the case then the gambling industry as we know it wouldn't exist. It's the difference of opinion that creates the ebb and flow of the market.Trading96 wrote: ↑Tue Nov 07, 2017 5:30 pmPresumably you have to apply that to punters as well,... There is a big range where it makes sense not to back or lay outright (due to commission) so at these prices it has to be traders influencing the market. (or it's punters taking unprofitable long run positions).spreadbetting wrote: ↑Tue Nov 07, 2017 5:02 pmI'd be surprised if the unprofitable traders are playing with stakes large enough to influence the markets on a long term basis.
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ShaunWhite
- Posts: 10560
- Joined: Sat Sep 03, 2016 3:42 am
