Tag: australian
Betfair trading – Formula 1 – Street traders
Formula one is back this weekend, so we will get to see how the new cars will shape the sport this season.
I delved into the sport in depth a few years ago and have kept all the records up to date to look at key aspects of it from a trading perspective. While there are not huge amounts of money traded on F1, I’ve enjoyed the intellectual pursuit of understanding the sport a bit better. It’s thrown off a …
Australian racing invites back traders
Good news from the ever changing world of racing today as Betfair confirmed that the recent announcement from racing Victoria meant that conventional trading was going to be possible again, at least in the state of Victoria.
Previously a turnover charge was levied on activity and that killed the prospect of backing and laying in the same market. Now Victoria are saying they want the charge levied on net activity in the market. So they benefit from new revenue and …
Racing Victoria ups the ante
A statement from Racing Victoria this morning seems to up the ante of fees generated from bookmakers, any higher and you would think it would make sense for them to buy a bookmaker rather than going through the hassle of collecting it from them.
Despite seeing $44m, an increase of 25%, in the amount they are getting for racing, it seems that’s not enough so they are upping the rates again. It seems a dangerous tactic, but as with these …
Caviar, served on a plate
Tomorrow sees the return of Black Caviar to the racing track.
She will be running in the Group 1 William Reid Stakes at Moonee Valley tonight / tomorrow morning depending on your location on the planet.
Nice little quote from the Adelaide now: –
“”If anybody has backed Black Caviar every start they are obviously a long, long way in front,” TAB’s Matt Jenkins said. “If they had the foresight to put $100 on Black Caviar at her first …
The appeal of Tennis trading
Some decent matches this week at the Australian Open, it’s been a good opening week. Don’t forget to use Tennis Trader!!
There are two key aspects of Tennis trading that should interest you if you haven’t traded tennis before.
(1) No pre-defined length of match
I was active on the Kvitova vs Robson match, which eventually ran into the start of the racing. This is always a problem with Tennis. Being a competitive match, both players fought hard to …
Australian Open Tennis
The start of the year is a great time to get some Tennis trading experience under your belt.
The Australian Open is the first grand slam tournament of the year and usually presents some good opportunities. Last year we were treated to a legendary final which I documented on the blog. The final turned over £46.2m in matched bets in total. The thread on the forum documented a lot of the action during the course of the tournament and …
Black Caviar makes it 21 out of 21
Wonder horse Black Caviar stepped up this morning to register her 21st victory out of 21 races. Going off at an SP of 1.06. A total of £2.39m was matched on the race at 07:50 this morning UK time. £2.374m or 99.4% of that was matched on Black Caviar.
Black Caviar was never ever in trouble in the race at all and the Jockey, Luke Nolan, did nothing other than sit on her and steer her. Without any effort she …
Black Caviar – New records all round
This morning we saw Black Caviar step up to win a record 20th race in a row. Number 21 is already planned and number 22 could be a royal Ascot showdown with Frankel. Amazing.
If this happens, the race of the decade could be on the cards. While this race could be massive, with Ascot just up the road from me, I’d be tempted to take a day out of trading just to see this race.
In the race today …
Betfair to continue with Racing in Australia
Reports coming in that despite their loss in the recent high profile court case, Betfair appear to have made the decision to continue to offer racing to Australian customers. Here is a copy of the correspondence.
Dear *****,
Many of you will be aware of a recent decision by the High Court of Australia which upheld Racing NSW’s decision to impose a turnover based fee on wagering operators.
Due to the additional cost to Betfair associated with this decision …
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!
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.…
Underneath a legendary Tennis match
Not many words can describe the fantastic Men’s final at the Australian open tennis, so I wont try. But to say it was special, would definitely be an understatement. I started the match half dressed having not risen early enough to get changed properly, broke for a full Sunday lunch and still returned for a hour of excitement. Amazing stuff.
The great thing about these matches is that pretty much any trading strategy you adopt will win. If somebody goes …
Murray Matrix
Looking forward to seeing Andy Murray in action tonight.
Last night I bagged 25 decent winning trades from the overnight matches. I use Tennis Trader to work out key points in a match and what odds are likely to be traded around key points. By looking up these key points in advance I can set up a trade that will trigger at or around those points and offset to a value that will lock in a profit. All markets exhibit …
Black Caviar
Just got up early to have another look at Black Caviar who was running at Doomben this morning. As expected, she delivered her 13th win out of 13. Quite a feat and she is causing a significant amount of interest in the racing world and also from a betting perspective. Went off at 1.22 this morning with £1.7m out of £1.8m was matched on just one runner.
Some winter cheer
One look at the racing card will echo what you will have seen for the last month or so, abandoned racing. It’s the worst period I have known in my ten years on Betfair, pretty bleak. Boxing day usually brings a whole slew of opportunity and some top quality action at Kempton. Today, out of the 11 meetings due to take place today, only one hasn’t been abandoned as I write this, and there is a real prospect of that …
Derby day
Isn’t the Derby in June? Yes and no, if you are in Australia, early tomorrow morning (UK Time) is Derby Day in Victoria. This kicks off the Melbourne Cup carnival and a week of top class Australian action. On Tuesday we have the race that stops a nation, the Melbourne Cup.
As I have leant more and more about this carnival of racing, the more I realise it’s significance and I’m actually quite excited about it this year. I don’t …
Shocking
Good volume on the Caulfield cup in Melbourne this morning, £1.25m was traded on this high profile race and it produced some nice moves. The favourite, shocking, was defeated on heavy ground by Descarado trained by the colourful Gai Waterhouse. I had no idea she was Scottish!!
Shocking is also in key contention for the Melbourne cup, maybe the ground will be more suitable there. It’s been a good session this morning and ideal practice for the Melbourne Cup.…
Greener grass?
For some time I’ve watched the Aussie horse racing and admired that they seem to often do a better job than the UK. Then of course the weather, it’s just so much better down under. It’s enough to tempt me to head out to Aus during the winter and work from there for a little while. I had thought about doing that this year, but circumstances dictated otherwise.
This week has been a little different and three meetings have been …
Tennis trading lessons
A couple of neat lessons were served up by the Tennis yesterday and both showed that statistics don’t always give you the key to actually understanding what is going on in the underlying market.
First we had the Federer match. Struggling with a vibrant opponent you could have counted Federer out for the count, but a revealing post match interview revealed what was going through his head at 2-6 1-3 down. Federer commented on how the sun was bothering him …
Tennis trading advice
I was asked to write a primer on trading tennis markets last month. You can view the full article in this months ‘Gambling on line’ magazine. Unfortunately I can’t publish this article here just yet, but I thought I would point it out for you so you can read up in time for some action on the Australian open tennis in Melbourne. I have talked about Tennis trading quite a lot on this blog as well, so be sure to …
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