Goodwood
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
I had a look at a few on Betdaq and found the markets chocked full of bot money mirror imaging Betfair. Next to no 'real' money. Soon switched off and went back to other things.
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convoysur-2
- Posts: 1110
- Joined: Thu Jan 12, 2012 10:00 am
I know ,Euler wrote:Today looks tricky
very tricky for me,drink guinness or lager while backing horses and looking at the beautifull women,,,,AT THE GALWAY RACES,,,
This is pretty standard for BD. It is however worth looking at Galway on Betdaq, the liquidity is pretty good and I found it better than trading Goodwood yesterday. I've noticed this on a few Irish meetings, maybe it's something to do with them being an Irish company and being better known over there.andyfuller wrote:I had a look at a few on Betdaq and found the markets chocked full of bot money mirror imaging Betfair. Next to no 'real' money. Soon switched off and went back to other things.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
That was a pretty volatile Group 1.
Seemed to be some real money on Betdaq but again it just mimicked Betfair to the split second. Betfair moves = Betdaq moves. The speed of the movements makes it 100% clear it is a bot that is monitoring both exchanges and has a large bank.
I know Peter said Betdaq is getting more like Betfair recently but I don't see it myself tbh. Yes it is better than before considerably but it is still very poor. If I were trading still properly I don't think I would give it a second look other than on the bigger meetings.
I think you would really struggle to trade on Betdaq without keeping more than half an eye on Betfair. Also you can't go there expecting to scalp the market as the amount of money flowing throw the market is next to nothing from what I can see.
Back to Goodwood - I always saw it as a good meeting from a racing view point but nothing special from a trading view point. It is no Cheltenham or Royal Ascot.
Got a lot on the rest of the week so that is me done with Goodwood and a play at trading for a good while again.
Enjoy the rest of the week.
Seemed to be some real money on Betdaq but again it just mimicked Betfair to the split second. Betfair moves = Betdaq moves. The speed of the movements makes it 100% clear it is a bot that is monitoring both exchanges and has a large bank.
I know Peter said Betdaq is getting more like Betfair recently but I don't see it myself tbh. Yes it is better than before considerably but it is still very poor. If I were trading still properly I don't think I would give it a second look other than on the bigger meetings.
I think you would really struggle to trade on Betdaq without keeping more than half an eye on Betfair. Also you can't go there expecting to scalp the market as the amount of money flowing throw the market is next to nothing from what I can see.
Back to Goodwood - I always saw it as a good meeting from a racing view point but nothing special from a trading view point. It is no Cheltenham or Royal Ascot.
Got a lot on the rest of the week so that is me done with Goodwood and a play at trading for a good while again.
Enjoy the rest of the week.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Ended up having a Skype conversation after my previous post so was still online for the 15:40 which was good as I caught the drift quite nicely on the fav. that is it now though.
How have you found Betdaq for Goodwood Peter?
How have you found Betdaq for Goodwood Peter?
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Nice trade, careful or people will accuse you of making it look too easy.andyfuller wrote:How have you found Betdaq for Goodwood Peter?
I'm doing OK on Betdaq but Goodwood isn't a major meeting for me over all. Not in terms of BIG totals.
I seem to get filled much quicker there than on Betfair. I've got used to that now, seems to be the new norm.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
I guess the reason for the quicker fill is that the market doesn't normally have the same amount of many lined up so when you enter the market you are already much closer to the front of the queue so even though there is less flowing through the market you can get matched quicker.
What I found an issue was that when the large amounts are in the markets by what I assume is a bot given the speed it reacts. When you have to join behind say £4,000 you can be waiting an age to get matched and leave yourself open to plenty of risk.
Another thing I noticed yesterday on Betdaq was that they were reporting the total amount matched on a market differently via the API than via the website. The website showed a lot more matched v the api. Do you know if they have changed how they calculate the way it is totalled on the api or is it some other thing?
What I found an issue was that when the large amounts are in the markets by what I assume is a bot given the speed it reacts. When you have to join behind say £4,000 you can be waiting an age to get matched and leave yourself open to plenty of risk.
Another thing I noticed yesterday on Betdaq was that they were reporting the total amount matched on a market differently via the API than via the website. The website showed a lot more matched v the api. Do you know if they have changed how they calculate the way it is totalled on the api or is it some other thing?