The world cup effect?
We noticed recently that the racing markets have picked up a bit recently. So I thought I would look to see if volume had been affected by Wimbledon and the World Cup. I picked a day when England were playing and looked to see if volumes had dropped.
You can see the gap on the graph, but this was mainly caused by the first race not reaching the same volume as the last race, last year. If you adjust the graph for that fact, there is actually little difference between the two sets of data. Basically volumes didn’t drop because of the World Cup. If felt like that in the markets, so I think I can summarise by saying that while the volume didn’t drop the type of activity did seem to change. It could be a coincidence but it certainly felt different. Now these markets are at or near their end things seem to have reverted back to their old pattern.
An interesting observation.
Category: Football trading strategies, Tennis
