saturday markets

jimrobo · Sat Feb 18, 2012 3:29 pm

For the past few weeks I've really felt the saturday markets are poor. I just put it down to seasonality combined with a bit cold a cold snap.

Today the markets are dire for me. They just seem so thin. Sure there seems to be money going through them but nothing really feels like it is getting matched anymore. It just feels like traders jostling for position pushing each other out of the way.

As an example, I had an order of 300 pounds at 4.1 take 30 seconds to fill on the feature race. There was 2.4k behind me and 4k in front of me on the other side and there was 60 seconds to the start of the race where I would expect peak liquidity. I would have expected this to take a matter of seconds once I hit the front of the que.

I don;t know whether this is a permanent shift or the result of a gradual decline owing to the shift betfair have taken against its long term liquidity providers or just a more exaggerated seasonal thing which will pick up once we hit better weather and bigger meetings but its making me glad I no longer see this as a full time long term thing. I remember when I'd throw a decent chunk of money at the markets on a saturday and they wouldn't blink. Now I show a pretty small stake and the market reacts straight off it and doesn't get a sniff of getting filled. Its almost getting to the stage where I am thinking about taking the day off and doing something fun with my friends.

Euler · Sat Feb 18, 2012 4:02 pm

The Saturday markets are thinning out IMHO and its easy to take a reasonable loss when they are so thin. Betfair seem intent on cutting of their nose to spite their face. That said it is a very quite time of the year. I do very little in February preferring to focus on other things and new work ahead of Chelts.

The trouble I have as a 60%+ payer is that it needs to be really worthwhile for me to be bothered to do it.

mugsgame · Sat Feb 18, 2012 4:04 pm

I agree, really thin for last few weeks
dreadful today

jimrobo · Sat Feb 18, 2012 4:14 pm

I do worry that, although it is happening slowly, once it reaches a critical mass much like when they exploded the markets will get thin very quickly and by that time there's no way of getting it back.

andyfuller · Sat Feb 18, 2012 4:20 pm

I have found it okay today tbh, not great but okay for the time of the year. I missed the first hour but since then it has seemed alright.

Euler wrote:The trouble I have as a 60%+ payer is that it needs to be really worthwhile for me to be bothered to do it.

Peter - I was surprised to see you were up trading at 5am for a £77 win on the Black Caviar race, does the rest of the Australian markets make it worth the effort or were you hoping for a better result from the race?

I haven't looked at them for a good while as I just don't feel it is worth the effort any more given the 60% PC.

andyfuller · Sat Feb 18, 2012 4:23 pm

JayJay Valentine just made it an EXCELLENT day (as long as it counts as a runner which it should)

hgodden · Sat Feb 18, 2012 4:28 pm

Unless they change the rules it must count

steven1976 · Sat Feb 18, 2012 4:30 pm

Im finding it very good. I dont think it is a liquidity problem for general punters as there is plenty of money for your average punter to make a bet. If anything betfair stance has probably made the big liquidity providers more aggressive in the markets?

jimrobo · Sat Feb 18, 2012 4:35 pm

It may appear to look like there is more money or a decent amount but it feels like the amount getting matched relative to the amounts available on the lay and back side waiting to be matched is a lot different in recent saturdays compared to what it used to be. Maybe I'm wrong though. I don;t have data to back that up.

Euler · Sat Feb 18, 2012 4:36 pm

andyfuller wrote:Peter - I was surprised to see you were up trading at 5am for a £77 win on the Black Caviar race, does the rest of the Australian markets make it worth the effort or were you hoping for a better result from the race?

I got more than £77 on it, not sure where you saw £77?

Euler · Sat Feb 18, 2012 4:37 pm

jimrobo wrote:I don;t have data to back that up.

You are correct according to our data.

andyfuller · Sat Feb 18, 2012 4:39 pm

Euler wrote:I got more than £77 on it, not sure where you saw £77?

It was on your blog, showed a green of £192.23 so take off the 60% PC and it leaves £76.89 doesn't it?

hgodden · Sat Feb 18, 2012 4:40 pm

Maybe you're finding it a bit difficult to trade just the odd day when before you were used to trading almost daily?

I find that once the competitive part of your brain that you use to trade relaxes it can be hard to get it back. Difficult to turn it on and off like a tap

jimrobo · Sat Feb 18, 2012 4:47 pm

hgodden wrote:Maybe you're finding it a bit difficult to trade just the odd day when before you were used to trading almost daily?

I find that once the competitive part of your brain that you use to trade relaxes it can be hard to get it back. Difficult to turn it on and off like a tap

Not really as the midweek markets are mostly the same I haven't noticed a huge decline in those, just the saturday markets.

Euler · Sat Feb 18, 2012 4:47 pm

andyfuller wrote:
Euler wrote:I got more than £77 on it, not sure where you saw £77?
It was on your blog, showed a green of £192.23 so take off the 60% PC and it leaves £76.89 doesn't it?

OK, I see you are deducting 60%.

saturday markets

Login • Register