Cheltenham day three
Day two of Cheltenham went pretty much to plan.
I did get off to a bad start though, a small profit then a loss of £120 in the second race didn’t put me in the best of moods, but I pulled things around nicely and patched together a string of decent results to end up ahead of last year again. Still short of my best ever, but as I mentioned before, not a surprise.
I am trading both exchanges together this week to get a firm view on both. Betdaq is interesting. Since last year it has tightened up quite a bit and the prices are more or less nearly perfectly correlated to Betfair, sometimes better. The downside to this is that the markets behave the same way, reducing opportunity IMHO. The upside is that Betdaq doesn’t have four billion pound waiting to match. This means that it is easier to ask for a price and get filled on Betdaq. You get filled twice as quickly as on Betfair according to my day 1&2 stats. There is a quite a lot of mucking around on Betfair as well, read up on the thread in the forum. Volumes are a bit lower, but still healthy and this means I can often easily exceed my Betfair total net of commission.
Days three and four generally get better, but I’ve always got an open mind. Each day seems to be whizzing past quickly this year!!
Category: Horse Racing
