Market watching – Day of the drifter
I’m an avid market watcher. Every day for years I’ve collected data on what I’ve been doing and what the market is doing, where the odds are going, what’s happening etc. This allows me to ‘look under the bonnet’ of the market and understand what is going on. On occasion it throws up some real anomalies. On Monday we experienced some of that.
Monday was the ‘day of the drifter’. If you would have laid the favourite, the majority of the time it traded higher at the off and you would have made money, there were some really good trades in there. So the market was saying the the favourites had a declining chance, their chance of winning was not improving as it neared post time. The curious thing though was that, on Monday, the front of the book won a lot more often than normal.
So the market was telling you one thing but the reality was completely another. If you would have traded and then pushed that amount onto the front of book you would have made enough to last you the week! It’s a really odd anomaly, you would think the market was pretty smart by now but it just goes to show how variable and subjective racing can be.
Category: Horse Racing
