Royal Ascot - 2023

[Naffman]

Amazing how long this Steward's took

[Euler]

Y, def a bump but not enough to change the result.

[lyudnikov]

It's a worst Royal Ascot I`ve ever traded for the last 5 years. It's not tradable for me. I have minus for this 4 days but last times I earned almost 1000 every year for 5 days

[Dallas]

Today wasn't quiet as good as yesterday for me but going into the last day quite confident and hopeful

[Dallas]

Even though I missed the first day I am feeling a little exhausted and sort of can't wait for this time tomorrow when it'll be all but over

[Euler]

It looks like Betfair have fiddled settlement of the 18:10

[jamesedwards]

It looks like Betfair have fiddled settlement of the 18:10

What do you mean by "fiddled"? No changes for me and I had 59 matched bets across 21 runners.

[Euler]

RF changed on Danger Alert after the race had finished. In their favour of course.

[Euler]

RF changed on Danger Alert after the race had finished. In their favour of course.

Had to go to a dinner party. So will have to check in the morning.

[jamesedwards]

RF changed on Danger Alert after the race had finished. In their favour of course.

Had to go to a dinner party. So will have to check in the morning.

All my bets were in running so I wouldn't have been affected. Danger Alert was not removed from the market until 17:15 and after the race was over.

[Euler]

That's the one, they have voided all lay bets and that's it, no reduction factor applied. But it was listed as 5.575% at the time. They changed it after the race had finished. That's really bad on a market of £1m+

[megarain]

duplicate

[megarain]

Round 4 - just about the busiest day of the week, taking 1100 bets for about 20k as no really lumpy bets, aparts from maybe 350 ew a 33/1 chance in the last (finished 17th) - started 50/1, BSP a great deal higher.

Won 5k, which I suppose is good, especially as a lot of 'bookies' lost. Bookies have no excuse to lose at Ascot - unless they are marketing / reckless or just plain daft.

The overriding notion I get from working Ascot is this. What life hack have these 'idiots' found that I haven't, that they can afford to take 15% under true odds, and not care a jot ?

I can't help feeling successful gamblers could have won multiples in a real job.

champers.jpg

[megarain]

The dynamics of on-course betting continue to create interesting mathematical problems.

On the Royal enclosure rail, they tend to bet to a lot keener
margins - especially when the shape of the race suits.

The 20+ runner 6/1 the field jobbies are perfect for a bookie who wants to take a lot of cash, hoping most will be each-way.

One bookie yesterday had prices over-broke at 98% in the win
market and 35% in the place.

Doing this, u create a lot of on-course enemies (tough), but
u will take a lot of bets.

How over-broke you could go is interesting. Maybe 95-6% I could see working / just limiting a pure arbitrage player - thou you would have to lay some sort of decent bet..

Heard a rail bookie laid 100/1 to £800 win yesterday (they still looking for it).

[megarain]

I just had a quick look at race 1 today.

The 2/1 fav has a reduction factor of 21%