Cheltenham day three
That’s more like it! Today was easily the best day of the week so far, but not without it’s cock ups.
In the first race I was pushing for a decent total, but successfully went in-play, again, when I forgot to SP my final orders in the market, Doh! I had some frantic sorting out to do, but escaped. It was entirely my fault and I felt a bit of a wally. Things got better from there though and I had easily my best day of the week so far and a better day than last year. I also managed to get my biggest race of the week and the biggest turnover, so things are building nicely for today.
The feature race yesterday looked to be a good dry run for today. The markets look fairly similar and hopefully they will trade in a similar manner but whether that happens is another thing. I don’t think Cheltenham has been easy this year, but it’s been far from a disappointment.
My foray onto Betdaq continued again yesterday on the early races and it was a bit of a eureka moment when I managed to beat my Betfair total in the early race. While overall matched bet volume is lower on Betdaq, that seems to help in these markets. I think it’s the Goldilocks effect, not too much, not too little, just about right. There is so much money on Betfair that the fill rate, a key trading component, is very long and you end up taking a lot of risk. If the market is too thin, a common occurrence on Betdaq, then your exit becomes a problem. What you need is volume, but not too much and a decent fill rate. If you can’t get on with the overflowing Betfair markets then give Betdaq a go as that seem particulary conducive to trading at Cheltenham.
I’m really looking forward to the Gold Cup today. Let’s hope if performs from the trading perspective as well as a racing spectacle. There is some good daily analysis going on in the forum that you should check out if you are interested.
Good luck whatever you are doing!
Category: Using Bet Angel
