Betfair

Ascot 2017 post meeting summary

I’ve been meaning to summarise Ascot. It’s always worth doing as you can refer back to it next year for comparison, so here goes: –

Turnover

Betfair ended up matching, at post time, around £70.5m which was up on last year by about 23%. Last year was down quite a bit so this returns the matched bet turnover to levels that would be deemed ‘normal’.

In the run up to Ascot, I reckoned it would trade around £65m so that’s …

Little and often soon adds up

This is a phrase I’ll often quote when advising people on how to trade.

The real objective when trading

It’s really nice to bang in some massive results now and again, but generally, that’s not what trading is about. Most of the time I’m in a market I’m just looking for an opportunity. Something I recognise as having a decent chance of a payoff, with as little downside as possible. Sometimes you just can’t see them and sometimes they are …

The Bet Angel trading forum & community

As regular Bet Angel forum users will be aware last month the forum was upgraded and moved to a better, faster server. The simple reason for this – to handle the increased flow of traffic which has been steadily building for some time now.

Philosophy

We have a simple philosophy for the forum, that has helped it grow steadily over time. It’s viewed very much as a collective effort, the sum of all participants, not just Bet Angel users, and …

How to win £45m in a few minutes

Five years ago today we were treated to a day of spectacular proportions!

Leopardstown

We are now out of the Kempton meeting and into a quieter period, but Leopardstown brings us the key targets of the day and is worthy of a look. I’m less convinced by other markets.

Today the two big races are the Lexus chase and the Christmas hurdle. The meeting overall has prize money of £145k which is more than all the other meetings combined.

Leopardstown

Be Prepared – Always Have a Back Up Plan

How many times have you had an open trade only for an unforeseen incident out of your control too suddenly occur resulting in you not being able to close your position and possibly leaving you staring at a hefty loss – especially if it’s an open lay position.

If this is something that your fortunate not to have experienced yet then it’s worth reading on if you want to keep it that way, for those unfortunate to have already been …

Difficult to Trump that

Well that was interesting.

It was clear for some time that this was going to be a huge market. Interestingly enough, the same guy I know that foresaw the financial crisis, also saw this development. I’m now his devout follower forever and would jump off a bridge if he told me it was appropriate 🙂

democrate-4322-total-delegates

Previous markets

I started looking at this particular market back in 2004. Clinton was a democratic nominee back then as well and I’ve revisited each …

September Salisbury and it’s importance

Today we had a meeting at Salisbury, that’s not unusual in the summer. But the last meeting has some significance for me.

The reason that race is important to me is that way back in 2003 Betfair published information on a specific race. The information published, which was available in the public domain, was the feature race at Salisbury on that particular day.

The reason for the importance

The reason the race was so important was that Betfair went full disclosure …

New training course – Learn to trade on Betfair

Preamble

If you are looking at learning to trade, here is a way to get a really good start onto the first step of the trading ladder.

If you are coming from a gambling background, from matched betting or you are just intrigued by trading on sports. We can give you improved confidence in your initial trading journey by teaching you how to trade on Betfair. We’ve created a course that will do that perfectly for you.

You will get the software, …

Do Betfair markets reflect true opinion?

OK, for years the exchange mechanism has provided a very useful pricing mechanism. A careful aggregation of demand between people competing on a level playing field and it has provided a beautiful insight into the way free markets can work to mysteriously, accurately, price an event –  in this case the prediction that something will win a sports event.

Changes

But we have been watching closely as the market has gradually decoupled from it’s long established core. What do we mean …

The Oak’s Betfair’s first ever market

So today we reach the Oaks and tomorrow the Derby when the summer racing really starts to step up a gear. The start of June means Royal Ascot is just around the corner.

If you are a Betfair newbie you may not know that the Oaks at Epsom was Betfair’s first market way back when they started in June 2000. But it was a little later that year, on June 11th. Mark Davis reminisced on his blog about it. I …