Tag: racing
Trick or treat?
Last night the clocks went back and today we have racing that starts at midday(ish) and finishes at four. This signals the slide into a quieter period for racing.
There is still plenty of other sport to do and some decent feature races coming up, but some of the other stuff is less appealing. We also have the weather potentially posing a threat. So it’s time to hunker down and reset expectations and styles, to adapt to the winter.
If …
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 …
The aching transition
It’s that time of year in horse racing where the flat gives way to the jumps.
Some good flat races left, but a lot of lower quality and end of season stuff too. On the other side, the jumps now also have a number of novice races. So you end up with some really thin betting markets around at this time of year and things get tougher. However, it’s not new it’s been the same for years, it just a …
Early bird
With the Melbourne cup just around the corner and a breakfast meeting in London this morning, I thought I would take the opportunity to get up a bit earlier and trade the 1000 Guineas at Caulfield racecourse, Melbourne, Australia. I posted the result on the forum. The more I dabble in Australian sports the more I get the urge to visit this antipodean land.
It was good practice for some of the bigger races coming around the corner. I …
2011 UK Racing fixtures released
And to be honest, after all the rhetoric, it looks better than I expected.
There is a nice summary on the BBC website: –
https://news.bbc.co.uk/sport1/hi/other_sports/horse_racing/9029038.stm
Laying on the sand
Today sees the annual return of the races on the beach at Laytown. When my work on the markets is complete I will definately visit this race course along with many others that I have on the list. I keep saying that ‘next year’ I will do Laytown, so I look forward to saying the same next year! In the meantime I’ll be looking to do a bit of laying at laytown.
Eboring
OK the racing has been entertaining, but the trading has been less fulfilling and lacked a bit of spark about it. This is probably due to a participant(s) in the market that is causing grief for quite a few traders.
On Tuesday I seriously underperformed in light of this activity, but on Wednesday I turned it around having monitored the activity. I think that’s the problem with this tactic, it is easily exposed. We put the autotrading spreadsheet on …
Greyhound racing in steep decline
Most people are familiar with how the levy raises money for horse racing, but this also applies to Greyhound racing. Both sets of funding are falling but the most recent decline in the Greyhound funding must be quite worrying for the sport.
Income from off course bookmakers to the British Greyhound Racing Fund is now expected to only reach £8.5m, compared to the 2009 budget of £10m, and £12m in 2008.
Full story here.
Ten pound trader – Day five
As predicted Monday was a tough one, but I failed to predict that I would actually try to trade it with TPT. What a fool, I shouldn’t have bothered as I initially indicated. TPT made only a tiny amount on Monday but it was still 5% of stake. Yesterday was a bit better and boosted the stake to up to £21.58 overall for today a gain of 15%.
So, in five days we have gone from a stake of £10 …
Ten pound trader – Day one
After a great September I had considered posting up the P&L for last month and also the last three months in total as they are absolute stonkers. But as I went to prepare the image for upload I paused for thought.
I guess they show what is possible, but having been around for so long you would suspect that I should be able to pull in something special, especially with bigger amounts of capital to hand. So I had another …
Iffy the comeback
I think I may have to buy this horse, I follow it’s fortunes so often. It ran, yes that’s right, it ran, this evening at Kempton. It has such a dodgy record for running I had my finger poised but it actually managed to race tonight. Maybe it’s something to do with longer races that it doesn’t like? Anyhow, for the record, here is its record: –
https://www.gg.com/racing/horseform.php/iffy-gb/3710.html
Early bird doesn’t catch the worm!
Hmmm, bit hacked off this morning. Up very early to look at the Aussie group racing. Did a nice trade at Caulfield only to see my profit wiped out in a manner I hadn’t seen in the UK.
As the race started two horses reared and one chucked it’s jockey in the stalls. In the UK that would have just been tough luck, but the stewards in Aus called one or both non runners, not quite sure what they have …
St. Leger so far
Things seem to be going OK this week, better than I expected. The Doncaster markets are a bit jumpy but by and large I am pulling in some steady but unspectacular results. My strike rate continues to improve and in the last 106 races I have lost in only 7.
Yesterday was fair, but acceptable and we still have the two biggest days coming up today and tomorrow, so that should help get to a good week. That said the …
The two grand race
Ok not quite two grand and also it shouldn’t have been! But thanks to Betfair’s well documented problems this week, a failure to turn markets in play, I fluked a big gain on one race today. See below: –
To be honest I’d rather forgo the money and have the whole system working as it should do. It serves no one to have a faulty platform and it would be much better to be sure that you know what is …
Look over your shoulder
When trading it’s easy to get carried away with a move in the market. The prices is rising and you instinctively want to follow it as it charges off in one direction or another. You sit there and ponder your move then make the decision to jump in. Just as you do it goes the other way and you sit there waiting for it to rebound into profit, it continues to fall and then you can’t stand it any more …
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.
Cheltenham volume
Just traded the 13:30 at Cheltenham and I have to say it had some of the worst volume for a Cheltenham race I have ever seen on Betfair. Hopefully it will improve during the day but the total was worse than some of the poorer quality fare I have seen and nothing near what it should be for a quality race. Not sure what to interpret on that count.
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