14:45 Lingfield

The sport of kings.
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Euler
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£50k lay on Cayuga
120822 - Cayuga - £50k lay order.png
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mcfc1981
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Joined: Tue Oct 27, 2009 11:54 pm

was someone messing about they were backing it at first
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steven1976
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Maybe a stupid question, but why only 4 pounds and 47 pounds matched either side of 2.50 with so much money showing at other prices?
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Euler
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Rule 4 adjustment left impossible prices as matched.
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steven1976
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Lost me.
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Euler
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Say you back something with £10 at 4.00 and a horse worth 7% of the market is withdrawn. Then the new odds will be 4.00 less 7%. The odds you were matched at will now show as 3.72, which of course is an 'impossible' price.
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jpoc
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Euler wrote:£50k lay on Cayuga
120822 - Cayuga - £50k lay order.png
I saw this move earlier, I noticed it was a single bet from the volume indicator on the chart, so I backed immediately as I felt the price would correct, which it did.
I'm quite new to trading (4 months), it just felt like it was the right thing to do.

Did I get lucky or was that the right move?
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mcfc1981
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Joined: Tue Oct 27, 2009 11:54 pm

this person has been around a few times today putting huge back and lays either side, he may have got in trouble in this race as he was trying to get out with a huge lay near the off kept driving the price up
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Euler
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jpoc wrote:Did I get lucky or was that the right move?
I think it was a smart trade. Small volume spikes can indicators of a reversal in trend but massive ones tend to revert to mean.
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chuck536
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Joined: Fri Aug 20, 2010 4:41 pm

Call me a cynic but i dont believe for one moment its a punter, same sort of thing was happening on frankel at one point and in all the lingfield ones inbetween, if i was to hazard a guess its a very large trader playing with the the market inbetween the york races as they know people will be overstaking... obviously i could be wrong but dobt it.
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chuck536
Posts: 205
Joined: Fri Aug 20, 2010 4:41 pm

oh they just poped up again too... still nothing matched of the 15k....
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jpoc
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Euler wrote:
jpoc wrote:Did I get lucky or was that the right move?
I think it was a smart trade. Small volume spikes can indicators of a reversal in trend but massive ones tend to revert to mean.
Cool, appreciate the feedback thanks.
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