Frankel Fever
Frankel is back in action as he goes for win number ten in the Lockinge at Newbury today. It’s difficult to forget his winning Guineas run and it will be an interesting race to watch at Newbury.
I flunked the Guineas market when he ran and I’m hoping Newbury will be different, but I’m not so sure. At the time of writing he was trading betwenn 1.30 and 1.40. Looking at the race the market is effectively pricing in a two runner race. I said ‘flunked’, I still made a profit, but I like to go for big numbers on the big races. So anything less than well above average isn’t good enough. The problem you often face in these circumstances is that there is so much money flooding in on the one runner it kills the market. Kills it, because the rate at which your order fills slows right up. The longer you have an open counter position the more chance you have of it going wrong, so I prefer more active markets with higher fill rates.
One place you may want to turn to is Betdaq. I’ve often heard people moan about the lack of liquidity on Betdaq, but it’s been building nicely in the racing markets and the lower overall liquidity has a positive effect on fill rate. It’s not impossible for me to chuck in some pretty decent results on Betdaq now. I’m much more consistant than I used to be and most days are working now. Something that wasn’t happening a few years ago. I now tend to have Bet Angel for both Betfair and Betdaq up and running and will trade either or both, depending on the underlying conditions.
There is a nice peice on the BBC web site to enjoy on Frankel, you can view it here: –
https://www.bbc.co.uk/sport/0/horse-racing/13769548
The overall upside is that this should be a big market, so hopefully the level of betting interest will make it a good trading market also. All that aside, I’m looking forward to seeing Frankel again.
Category: Horse Racing, Trading strategies
