Category: Horse Racing
Betfair miss the chance for some great customer service
First off, on the plus side, the start of the flat turf season was a success, so that was a big positive.
On the downside; how would you feel if minutes into a game of football the match stopped and the team you just backed, decided to field a reserve team instead? Would you like your bet to stand? Thought not!
Yesterday at Meydan the Dubai Gold Cup had to be stopped mid race due to a fatal injury to …
Flat pack
Looking forward to the return of the flat turf season today with the Lincoln at Doncaster. 22 horses line up to battle out this competitive handicap.
We should rejoice at the return of the flat turf season. It’s return will herald less clashing and generally bigger fields. In the winter it can be a right pain when you have many cards and all the races and are falling all over each other. This will mean you should see better opportunities …
Betfair loses key Australian court case
Racing officials in New South Wales are rejoicing after a years-long challenge to their race fields legislation was this morning thrown out by the High Court.
Read more here – https://www.abc.net.au/news/2012-03-30/racing-nsw-wins-court-battle/3922762/?site=melbourne
Betfair Australasia chief executive Giles Thompson says he respects the court’s decision but says it will reduce the competitiveness of wagering on racing in NSW. “A turnover fee will place extreme pressure on our ability to continue to offer our customers what we believe is the best product in …
Happy St Patrick’s day
Best wishes to our Irish customers. Whatever you are doing today have a good one.
After the frenzy of Cheltenham we return to earth with a bump today. Lots of racing, but little of note. Use today to adjust yourself back to the melee of lower quality racing. On the football however we have the FA Cup quarter finals, so that looks interesting and will throw up some opportunities. I may dip in out and of those markets.
For main …
Don’t Panic!
This afternoon, for an experiment, I was wired up to a heart rate monitor. It was a test to see how I reacted throughout a busy day and to see what sort of stress I went through. As it turned out it measured a different sort of stress from normal!
The day started as normal and pulled in a couple of OK results. On the approached to race three though something seemed to be going wrong and the response I …
Cheltenham – So nearly a record
Big day today, the iPad three is launched! – LOL – You also have the Cheltenham Gold Cup.
Yesterday went much better than I thought. I scoured my notebook from days one and two to give myself the best chance of pulling something out of the hat and did. The markets are very similar to last year in that respect.
I was a bit more aggressive and confident yesterday and that helped a lot. I was also able to read …
Wolverhampton Winners
Two winners at Wolverhampton, one race after another. Have a look at the graphs and see if you can spot the pattern.
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 …
Cheltenham day two
That was an OK start to Cheltenham. I’d rank it on the better side of the line. OK because I didn’t break any upside records, but OK because I didn’t do so on the downside either!
Volumes waiting to be matched are higher than last year, they are running at around ten times normal week day levels. The rate at which those orders are filling are only six times normal level so there is quite a big gap in the …
Ear plugs for the Cheltenham roar
I’m in a nice relaxed and refreshed mood for the first day of Cheltenham. Last night I used ears plugs so I could be assured of a decent nights sleep. With three children, a decent nights sleep is not always assured.
The first day for Cheltenham is a day of learning for me. Yes I know what I am doing, but I am also really keen to understand what has changed from previous years. We will be gathering data today …
Trading the Gold Cup – Ante post market
I’ve been tracking the Cheltenham Gold Cup ante post market.
Big news today is that Kauto Star is definitely in the race and Grand Crus is headed for the RSA.
We have been tracking top 15 runners and before the announcement they made up 100.2% of the book, after the announcement 100.4%. The big negative was obviously Grand Crus, but Kauto Star only covered half that deficit, with the field making up the rest. Long Run’s odds are unchanged.
In …
Cheltenham by numbers
For those that are not on my mailing list, I prepared and sent out a little peice this weekend called ‘Cheltenham by numbers’. It’s stats based review on the festival.
You can read it by clicking on this link: –
https://www.betangel.com/newsletter/
Is trading football the new racing?
Horse racing markets are popular with traders because of the large amounts of volatility, but trading football on betting exchanges hasn’t traditionally been seen as a place to get large risk free swings in odds. Things appear to be changing however.
I have recently been conducting some re-reseach on pre-off movements on football. I do this sort of thing on all sports, revisiting previous research. But on conducting the research this time around I noticed a change. The football pre-off …
Bank building
February is the quietest month of the year for me. I do around 1/3rd of what I can during the busiest time of the year. So I tend to take some time off during February. A few years ago I was forced to take time off because of a death in the family and I’ve pretty much stuck to that since. The time off that is!
For me this period is about getting some relaxtion in and planning for the …
Back to the desk
Back behind my trading desk today after a few days trying to recover from this illness. Still nowhere near 100% but I just hate doing nothing. I’d rather be distracted by something other than the sight of a sick bowl! I actually find trading quite fun, so I can still do it and mess around with the numbers, even when I’m not on form. It’s definitely the challenge I enjoy more than the result, though that helps!
The Wolves next …
Black Caviar makes it 19/19
Black Caviar the wonder from down under, put in another good performance early this morning 05:10 UK time, to get win number 19 out of 19 and move within a whisker of an all time record.
She went off at 1.15 but traded as low as 1.12 pre-off. The race was a bit closer than other recent efforts and she traded out to 1.49 in play. 99.2% of all money wagered was on this horse, amazing!
Bet Angel sponsorship – Win a copy
We are pleased to announce we are sponsoring the entire days racing at Southwell today. Racing starts at 13:20 and finishes at 16:50 with eight races on the card.
For once there is a full days racing in the UK and Ireland. It seems to have been ages since that was last the case, we hope it is a good day for everybody!
We have set up a competition to win a copy of Bet Angel. Just enter your name …
It’s 4:50am and -10c outside
But my day has been well and truly warmed up by witnessing Black Caviar complete a bloodless victory in the big race of the day at Caulfield, Melbourne. An effortless victory brought win number 18 out of 18 races. The crowds were packed deep to witness this equine miracle.
In total £2.9m of £2.91m was matched on this remarkable horse and it went off at an SP of just 1.08! I had to transfer funds equivalent to a small house …
Weather there is opportunity
Despite the poor weather and disruption to the sporting schedule there are still a lot of opportunities around. Yesterday seemed a surprisingly good day on the racing and Meydan helped a lot, no snow in Dubai! This morning there was some Aussie racing on first thing, so that’s set me up nicely for this afternoon.
I live not too far from Newbury and when I rose bright and early this morning I walked out to the nearest field, which was …
Opportunity through adversity
OK, so it looks like there will be no ‘real’ racing in the UK for a while. But rather than bemoan your fortune use the opportunity to experiment, examine and look for new ideas or opportunities.
Quite a few years ago I got into the mode of taking time off in February. I learnt that it was the lowest yielding month of the year and part or all of it could easily be skipped without too much impact. So I …
Alternative racing today
With the UK racing looking like it is heading for a weekend white out, it’s worth looking at other alternatives at this time.
This morning in Australia we have a meeting at Moonee Valley that usually brings half decent liquidity. Over £200k was traded on the 10:15 which, while below normal UK volumes, isn’t half bad. You also have Meydan racing on today where volumes have been picking up nicely. That comes on line a little later in the morning.…
Two card Mondays
Not a new card game, but a statement on the Racing so far this year.
By and large the racing is at levels that are normal at this time of year. A bit erratic, low quality, poor betting markets. But the transition from predominantly three cards on a Monday last year to just two this year is making things just that little more difficult this year around. In the Summer I will often take the Monday afternoons off, or do …
Betfair market anomalies
An interesting couple of days so far this week in the markets. Interesting for an anomaly that we have seen. It’s only a couple of days old, so I can’t draw any conclusions just yet, but it is unusual so I thought I’d post about it.
We monitor the markets cloesly and ‘felt’ that matched bet volume on occasion was much higher than we would expect. We noticed this because, in the latter stages of a racing market just before …
Betfair to compensate Leopardstown losers
Hot off the press, just received this email from Betfair: –
“Dear Peter,
Since the 2.00pm race at Leopardstown on 28 December 2011, we’ve looked in detail at all the circumstances surrounding the technology failure and the anomaly it created. In addition, we provided our Gibraltar regulator, the Gibraltar Gambling Commissioner (GGC), with a detailed technical and operational report on the incident and the GGC made a number of recommendations. We have also consulted with customers and taken their feedback …
Massive winner at Taunton
One of those great racing moments today when ‘Lights of Broadway’ romped home at Taunton at odds of 810-1000 depending on when you backed it. It SP’d at 810!! Second and third placed horses came in at big odds too meaning it was a monster forecast, but I can’t imagine anybody got it?
Looking for the luck of the Irish
Their economy may been in the dumps, but then that’s no shock in the western world economies; but the racing is top notch this week at Leopardstown.
The holiday racing cards are packed with races which can cause some problems at times, but outside of that the feature races where-ever they are, are often worth a look.
Today at Leopardstown it’s the Lexus chase and then tomorrow, the Festival hurdle. If you are around, don’t rule out anything on the …
Satisfying chaos
OK, yesterday didn’t seem that chaotic in the end, just a bit frustrating. I had to wait ages to find races that really set themselves up nicely, but eventually I did and they were OK. But it was a little dull overall.
Kauto Star lit up the day when I took a few races off to watch the King George VI produce a bit of history. What a great horse we have been treated to and it looks like we …
Full blown all out chaos
There you go, that’s my prediction for today’s racing markets.
A total of twelve racing cards are unleashed on the markets today and that means that it will be clash city. No sooner has one race started than another starts, while another one will complete. It’s going to be chaotic. There are a total of 78 races on the card, but 34 have scheduled off times the same as another race. As if that’s not enough you can throw in …
Back to open
It looks like we are going to have some fun and games in the market today. I’d recommend adopting a ‘back to open’ trading policy!
For more information read up on this thread: –
https://www.betangel.com/forum/viewtopic.php?f=5&t=4934&start=240
Four jockeys found guilty of corruption by BHA
Four jockeys are among 11 people to have been found guilty of corruption by the British Horseracing Authority.
Paul Doe and Greg Fairley face bans of up to 25 years after being found guilty of deliberately ‘stopping’ horses.
Kirsty Milczarek and Jimmy Quinn were found guilty of committing “corrupt or fraudulent” practices, while Milczarek was also found to have passed on information for reward.
https://news.bbc.co.uk/sport1/hi/horse_racing/16186624.stm
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