Tag: betdaq
60% Premium charge
On the first day of trading on 22nd October 2010 Betfair shares closed at 1550p. At the time of writing this post the shares are trading at 627p or down nearly 60% from that closing high. How ironic!
I don’t want to feed that hand that bites me, to reverse the common metaphor. So, for me at least, action speak louder than words. Whether volume decreases or increases on the Betfair exchange, why will be the most pressing question. Volume …
Open golf – Best trades
For a full list and other lists, visit the forum.
The Open has been brilliant so far. The highlight today was the hole in one by Tom Watson, amazing. When my shoulder is better I’m getting out there again to reduce my handicap. It’s inspiring to see a 61 year old holding his own against the worlds top golfers.
This is the last list now as we turn our attention to specific golfers for the remaining two days. The …
Big moves
I thought the first day of the Open Golf at Sandwich would be interesting and that’s exactly how it has proved. For a full list of movers visit the thread on the forum.
Golf has really grown on me as a trading sport and the small gap between the leader-board and oblivion creates some fantastic opportunities. With a £10 stake this is what you could have greened up for on the top movers at the end of day one. …
Repeating patterns
Sometimes the markets surprise me, but more often than not they don’t. After 11 years of doing this, even the surprises don’t seem surprising any more. But yesterday I got a surprise.
Yesterday, last year, I traded a race at Catterick and got a really cracking result from it. A year later at the same course, on the same day and on the exact same race I got the same result. You would think it impossible that such a thing …
Lack of liquidity
Low matched bet turnover, gappy prices, lack of depth in the market. Yes, I am sure you are familiar with these problems. But I’m not talking about Betdaq, I am talking about Betfair.
Back when Betfair started the markets were pretty thin, but I still saw opportunity in them. As people began to develop techniques to squeak a few quid out of these markets things improved. As traders joined the market and improved liquidity, bigger backers and layers started to …
June
June turned out to be a very good month in the end and much better than I expected. It was the best June I’ve had for a few years. How useful to have a decent send off as it were, given the news from last week.
The highlight was obviously Royal Ascot and that contributed the bulk of things for the month. As I have done for a little while, I used both exchanges during Ascot week and this has …
Betfair premium charge & earnings soar
As we are all aware now, Betfair pleaded poverty and an imbalanced business model again yesterday, when announcing another new charge. This time hitting consistent earners for up to 60% of their profits. We heard the similar stories for data charges, transaction charges and the premium charge part one and all the other various amendments over the years to their charge structure.
This didn’t stop them from announcing record revenue and earnings a few hours later. Earnings per share are …
Grass is for cows
Wimbledon is the only grand slam on grass, but it wasn’t always that way. Two other tournaments were played on grass on the grand slam circuit. The US Open, was played on grass until 1974, and the Australian Open, was played on grass until 1988.
Very few players would not admit that a win at Wimbledon would be a career defining moment. But it’s not through trying that players fail; it’s generally down to how each surface plays. Research by …
Ascot – Day one summary
I thought that went quite well. I struggled last year but this year was ok and I could have done better if I was a bit more aggressive. In hindsight I was too passive yesterday, didn’t take on board enough risk. So I’ll give myself an 8/10 as it was good, but I could have done better.
Frankel made a bit of a mess of the feature race of the day and the market on Frankel was so strong that …
Royal Ascot day one
An intriguing day one at Ascot. After all, what colour hat will the Queen be wearing. LOL!
I’ll be all guns on the first day to work out what feel the market brings this year. I’ve paid a lot of attention to Ascot over the years and each year we see the market shift subtly in one direction or the other. I didn’t do a very good job of it last year, comparatively speaking, so I’ll want to put in …
The national – Part three
And so ends the national series for this year, a decent result on the The Grand national, the Scottish national and the Irish national. Outside of the Irish national there was little of interest for me today, I didn’t like the card and I was proved right, it was a mess. I really should stop doing days that I know I wont enjoy, it makes little material difference to me and to enjoy a day out on a boat …
Fair weather
Well what a start to spring we have had in the UK! It’s more like the summer at the moment, not that this will impress people in warming climates, but it’s a welcome period after a very cold winter. Having flown away to warmer places in February, it’s been a good start to the year. No seasonal disorder for me this year!
The racing markets have been better in April as well, so the weather on that front is improving. …
Great finish to Cheltenham
“Phew, that’s it then”. That was my feeling at the end of play today. An exhausting but rewarding Cheltenham. The gold cup was an excellent race and one that lived up to expectations, it’s really nice to enjoy the racing. We will be brought back done to earth for sure today! I have never had a good Saturday on Cheltenham week. If I do manage to pull a good day out of the hat, I’ll be in touching distance of …
Perspective
A better day again at Cheltenham so I will upgrade myself to a 9/10 for yesterday’s performance. I continued my strategy of trading on both exchanges this week. I now have a headache, it’s a bit intense!
I’m looking for a 10/10 tomorrow, but I think that’s a bit of an ask; but you never know!
It’s funny, while results can look impressive year on year, you often forget how you managed to dig a result out. This year is …
All green on St Patricks day?
Yesterday was an interesting day at Cheltenham. I did OK and, combined across both exchanges, I actually did pretty well so I’ll give myself at 8/10. Volumes on Betfair are almost exactly the same as in previous years, it’s very flat.
I have now gathered enough information to determine what is and isn’t working at Cheltenham. First off, the markets are much ‘slower’ than usual, getting an order matched is a painful experience; more painful that previous years for sure. …
Something odd
Hmm, I’ll give myself a 6/10 for my efforts on the first day of Cheltenham.
The markets were not particularly easy today, but I didn’t do a great job; in comparison to other people I know anyhow. Still chucked in some good numbers, but as others did a better job I have to mark myself down as a ‘could do better’.
The first day of Cheltenham is generally spent now looking at how things have changed since last year. I’ll …
What a joke!
Just two days before Cheltenham we find ourselves facing another Betfair outage. Not just that, but this is the second day in a row that the site has been offline. This is the worst period for reliability I can remember on Betfair.
Some years ago Betfair used to boast about how many transactions they did per day, but that took a back seat when the focus turned to reducing the load on the system, which no doubt reduced costs also. …
Automated trading
Early on in the development of Bet Angel I decided we should be able to link to a spreadsheet. Doing this meant that I & other Bet Angel users could experiment to their hearts content, create new views of the market or new trading tools using the spreadsheet. Since the first primitive implementation we have worked hard to add additional features so if you haven’t used it recently give it a try
There are many useful things you can use …
Underrated strategy
I covered the ‘lay the field’ strategy in some depth in racing ahead magazine a couple of months or so ago, it’s an easy strategy that works well and has been popular amongst exchange users for years. On Bet Angel you just need to set the odds, a value and click to lay the field.
To make it work, all you need to do is look for a market with a great deal of uncertainty about it. One market that …
Ascot
It’s that time of year when the Queen nips out the house and down the road to have a fiver or two on a few nags. I’ll also be looking to put a few fivers on them as well, but from behind my desk. When I’ve finished all my work on betting exchanges, maybe I will nip up the road for once! Ascot has always been a key part of the summer racing and it’s no surprise with five days …
No API? No Problem
After continued problems yesterday it appears things are not back to normal today at Betfair, currently the API is offline. But don’t worry, you can still trade with Bet Angel. One of the unique features of Bet Angel is that even if the API is down it can still connect to Betfair and allow you to trade as normal.
Also, if you want to try your hand elsewhere during the downtime. Bet Angel also had similar versions of the software …
Betfair down
Just after the off at the 14:30 at Uttoxeter Betfair look like they have had a serious crash. We haven’t had any news from Betfair at the moment as to what has happened, but the whole site including the API has gone.
If you still want to trade you can use Betdaq if you wish. You can download our sister product Betdaq Angel from the URL, https://www.betdaqangel.com. This is pretty much the same as Bet Angel but works on …
Betdaq signs sponsorship deal
Betdaq has signed a deal with Arena Leisure, a racecourse management group, to sponsor four of their racecourses in the buildup to this year’s Cheltenham Festival.
According to the online betting exchange, the agreement includes sponsorship of 72 races at Lingfield Park, Wolverhampton, Southwell and Folkestone.
“We have had a long standing relationship with Arena Leisure, and this new deal demonstrates our commitment to both flat and National Hunt racing in the U.K.,” said Russell Wiseman, Betdaq’s public relations director.
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