All weather, all change
It’s the 1st of September and Monday evenings at Windsor and a thing of the past for another year. I mourn the passing of the summer, but it’s not all bad news on the racing front.
In the summer you will find that with so many races on the liquidity dilutes itself across many races. Therefore you can have days were the entire card is weak from a punting and trading perspective. Contrary to BHA opinion, more races doesn’t equal more turnover. Punters become selective and activity peaks and troughs but in aggregate it declines on a per race basis.
When less meetings kick in now the opposite effect happens and liquidity is once more concentrated back into fewer races so. For me a least, the markets become easier to read. As you should have noted in previous posts I tend to be selective in the summer, but in the winter I’ll rebalance and be less picky but expect better results from the stuff I do trade.
The two different codes of racing have an effect as well. Jumps racing tends to attract slightly less money than flat racing. In the summer this is stark when it can turnover only 70% of a flat race, but in the winter it’s on a par with flat racing. But of course, the flat racing is on all weather. It will be interesting to see how the new surface performs at Wolverhampton. March is the notable exception to the rule, for obvious reasons. September is still ok for the flat stuff, it’s as we head into October that the two racing codes rebalance.
So, you do tend to see a decline in racing as we head into deepest winter. If you see overall results slipping that’s the reason. Not as much racing than in the summer and slipping volumes. As I mentioned in a previous post I can earn up to four times as much in summer thanks to the quantity of racing, so I see this time of year as a chance to get my house back into order and flex my social muscle a bit. I’ve ‘paid’ for my time as we go out of the flat turf season. You’ll see this later this week.
So my focus starts to shift a bit on the trading front, to a bit more research and also into other market. Tennis before the season finishes then Football rises as we start to see how the early season is playing out. Still plenty to keep you busy!
Category: Horse Racing
