Derby Day – Trading outlook
An OK week so far. Some of the racing hasn’t been great, but that’s given me more time to work on the French Open. A distinct lack of ‘shocks’ so far but slow and steady wins the race, as they say.
Looking forward to Derby day though and it can produce some big volumes. Last year Epsom produced £12.3m matched bet turnover for the day but that was a bit distorted by Camelot. Just that race alone accounted for around half that number and near on £5m was matched on Camelot. Previous years have seen £6.6m, £5m, £3.8m and £5m matched respectively. With a shorter priced favourite in the market today you would expect turnover to be near the top end of that range. It won’t should exceed £5m, but probably not £6.6m, maybe we should pitch expectations in the middle of those two values? The in-between races look a bit naff today to be honest and there are too many of them, so it’s really Epsom or bust as far as I am concerned today.
I did OK last year but was caught out a little by a sudden bout of late laying on Camelot, else I would have ended on a much better result. I’ve put the charts for the top four of last year on the forum for your interest. I did manage to net a decent result on both exchanges however, just nothing spectacular. You can see the BETDAQ result here, and I will be returning to both exchanges today. If you struggle to see past the massive order queues on Betfair then I suggest you have BETDAQ to hand so you can trade that as well / or in preference to Betfair.
Good luck today!
Category: Horse Racing
