All green on St Patricks day?
Yesterday was an interesting day at Cheltenham. I did OK and, combined across both exchanges, I actually did pretty well so I’ll give myself at 8/10. Volumes on Betfair are almost exactly the same as in previous years, it’s very flat.
I have now gathered enough information to determine what is and isn’t working at Cheltenham. First off, the markets are much ‘slower’ than usual, getting an order matched is a painful experience; more painful that previous years for sure. There are many reasons for this but it is clear than two or three horses a race are being manipulated and that is spoiling it for other exchange users. However, if you spot these quickly enough you can avoid them, or better, start pressuring the person at those prices. I’m confident of doing well today.
The key problem I am tending to experience at Cheltenham this year is that the amount of unmatched money is dwarfing the underlying fill rate. This means it is difficult to get enough money through the market in a safe manner. This has often been the case, but it particularly bad this year. Meanwhile, over the Irish sea, I am not seeing the same problem on Betdaq which is allowing me to trade on both exchange simultaneously to net a decent sum overall. It’s a bit complex but a very worthwhile exercise this week.I recommend you give it a try before Cheltenham finishes. At worst download a copy of Betdaq Angel and have a look at the markets, the liquidity at Cheltenham is much higher this year than in previous years. Worth a look.
Category: Horse Racing
