Archive for March, 2011
Waves
Posted by Peter Webb in Bet Angel on March 31st, 2011
For some time I’ve noticed curious elements within betting markets. I love analysing and studying what happens in the market, and it’s all to find out that critical question, why?
Getting a deeper understanding is useful because it allows you to build a firm framework around your decisions. I’ve often seen people stumble on something that works and then come up with things to justify that. Eventually they will fail a little while later and slip out of existence, why? Finding success can gives you false belief that you ‘have it sussed’ when in fact just finding something that works could just be a fluke. Failing to examine the “why” question is a key error for a lot of people in any market. I saw this a lot in financial markets. Sometimes people think they know why but they are only just scratching the real reason.
I’m interested in why things fail, or specifically exactly why does something really work. Each year I modify my strategy in a constant game of cat and mouse as a result of my research. It could be just to improve what I have, or to respond to a change in the market. When I do that, no doubt somebody else responds to that change and so the game continues. If I stayed still I would also get pushed out of existance.
For some time I’ve been aware of a general ‘wave’ in the market that determines how favourable it is for certain strategies. The market ebbs and flows and when the wave is peaking, that is the time of greatest opportunity. I never really, truly, understood why until recently. With a clear head after my holiday, I set about solving something unrelated and too my surprise I realised that it mapped very well on top of the wave. Within a few hours I had finally worked out what generates this phenomenon. The unfortunate thing is I can’t influence it but at least I understand another new thing about the market.
World Cup Cricket
Posted by Peter Webb in Bet Angel on March 31st, 2011
Some really massive matched amounts coming through these markets. New Zealand vs Sri Lanka reached £30m in matched bets and so did last nights big match between Indian and Pakistan.
I hadn’t considered doing much on this tournament but I’ll be taking a very keen interest in the final now given the level of activity on these matches. Advice to follow on another post.
Slapped wrists
Posted by Peter Webb in Bet Angel on March 30th, 2011
Looks like Betfair have got slapped wrists again for their advertising.
This time is was for their claim that punters are 40% better off than industry SP when taking Betfair SP. I note the adjudication upheld elements of of the claim, but failed to take account of the fact a punter on Betfair who picked each winner in the manner laid out would never ever get to the number they quote as they would get thumped 20% of profits by a premium charge. Putting that fact aside, Betfair have been asked to re-work the advert.
£15
Posted by Peter Webb in Bet Angel on March 29th, 2011
Not an impressive P&L. That is until you realise it was done with just £10 stakes, that’s a 150% return on stake! But not on capital, as you would need multiples of that to do this.
But the fact remains that I reckon using £10 stakes you could get profitable most days just picking and choosing your targets and strategies. The problem comes when you get to larger amounts, it’s much more difficult to do the same thing then. Today I have a seminar in the office where I am going to explain how this profit was made. Despite the chaos that often envelopes the market, there is actually some logic in it, I promise!
Further to my post yesterday, Good luck today; as when I checked the racing cards for today there were pretty miserable. Can’t wait for some better quality on Wednesday.
Quality over quantity
Posted by Peter Webb in Bet Angel on March 28th, 2011
One trend I’ve noticed so far this year is the increasingly poor racing on offer, I hope it improves during the summer.
Today we are faced with three cards but only five races with 10 or more runners. Tomorrow, at the moment, there are only two races of similar ilk. It’s dreadful, fairly low quality races and very few competitors. 2,3 or 4 runners races are getting quite common at the moment. It seems to signify the underlying problems racing has at the moment. Too much quantity, too little quality. I don’t think that will help racing as a spectacle.
I’d prefer them to miss a few races or even entire days to lift the quality of stuff later in the week. I can’t imagine there is a great deal of punter interest in a poor race mid afternoon on a Monday. Better to invest the money elsewhere in a more exciting spectacle with more purpose. It would probably help the industry by lifting the average prize money on offer as well. These sorts of days can offer economic value to anybody I feel? Anyhow, I doubt it will happen.
F1 season trading
There are some great trading opportunities through the course of F1 races, but you wouldn’t catch me betting on the drivers or constructors championships pre-season. There are just too many unknowns. However, here’s a trend that might be of interest and something that can be used to your advantage.
Over the past six years, partnerships have been increasingly fruitful for teams, particularly at the start of the season. In the first ten races of the 2005 season, only one one-two was witnessed, while 6/10 races last year saw the teammates on the upper levels of the podium.
So simply, if you fancy Seb Vettel for the title, also get behind his teammate Mark Webber.
Number of team one-twos after first 10 races of F1 season:
2010 – 6
2009 – 6
2008 – 4
2007 – 4
2006 – 2
2005 – 1
There are many in-running trading opps and you shouldn’t be scared during a race. Try to anticipate yellow flags, where a 20sec lead can immediately become a 2sec lead. A simple lay-to-back strategy on the leading car, or the opposite for the chasing pack is screaming out at you!
Check out the weather, the race conditions and the strengths of each car. If you can forecast better or earlier than others on the exchange, there is money to be made.
I predict a draw
Posted by Peter Webb in Bet Angel on March 26th, 2011
Hold on, haven’t I posted that before? Has this happened before? Err… yes at the end of each Italian football season. I’m wise to it now!
Part of my preparation for the weekends football fixtures, I suck in all the matches via Bet Angel into a spreadsheet and a couple of pre-set formula’s point out areas of interest. Last night it threw up Padova vs Atalanta as ‘odd’. You can see why on the following graph. The volume of matched bets is way above any other match on the same day and 97% of the volume is, unusually, on the draw. I wonder what the result of this match will be? Anybodies guess!
Doing a Moonee
Posted by Peter Webb in Bet Angel on March 25th, 2011
Tuned in to the William Reid stakes this morning at Moonee Valley in Australia to check on the market and progress of the best sprinter in the world at the moment, Black Caviar. I doubt if many people outside of the UK have paid much attention to this horse but having seen the odds on it get shorter in each successive race I think it’s obvious something special is going on here.
Even at the remarkably short odds she was at this morning, she still turned out to be good value with a comfortable victory. Just short of 99% of the money on the race was matched on the favourite.
Snooze to lose
Posted by Peter Webb in Bet Angel on March 24th, 2011
I quite like novelty bets as they are difficult to price, but I missed this one yesterday. In hindsight an opportunity missed!
http://www.guardian.co.uk/politics/
Ken Clarke netted a punter a decent return at 16/1 by officially / unofficially falling asleep during the budget speech yesterday. Some of these other more esoteric bets didn’t come in.
Should I green up?
Posted by Peter Webb in Bet Angel on March 23rd, 2011
People often ask me if it is worth greening, or redding, up; hedging your profit so you win what ever the result. In a word yes, but a longer description follows.
First off the market is very efficient, so in essence you could argue that it makes no difference. If you hedge you need to place another lay order. The hedge value is calculated by laying off the profit at the current lay price, thereby dividing your profit by the price. If the price is efficient in the long run hedging or not hedging will make no difference. Correct!
However, life is never simple. Profits and losses do not follow a straight path. For anybody speculating on any market there is a bumpy road. The statement above is true, if profits were spread equally. But when they are not you run the very real risk of long term under-performance. Second, your aim is to minimise risk and by letting a profit run you end up subjecting it to the vagaries of the underlying result. This dramatically increases risk. If you do this a big result, at a big meeting, that occurs infrequently; then you escalate that risk dramatically. By hedging you eliminate this risk and allow yourself to progress on a smoother, more confident, plane. You also can compound easily your results and if you are winning at a reasonable rate that dramatically improves your performance.
In the following graph you can see I have taken some actual data from this year and set one on the path of greening and one on the path of letting profits / losses run. You can note how much better the top line, greening, performs. If you start compounding the results, the results get even better and that line shoots off the top of the chart. Of course you could compound stakes on the bottom line but because the results are subject to the vagaries of who wins and what the individual result was, you have no easy metric to scale and it wouldn’t work very well. The gap between the two will be exponential in the long term.
So in short, hedge your profits and losses all the time. If you don’t, you are making a value judgement on the gambling position and also detracting from better performance over time. That’s not theory, that’s what I has seen in many years of practice. Which is why I recommend it.
The line eventually gets wider and wider!
Bump..
Posted by Peter Webb in Bet Angel on March 21st, 2011
Now Cheltenham is firmly behind us and the champions league football pauses for a few weeks, it’s time to come back to earth with a bump. On the racing front, the weeks before and after Cheltenham are often starkly different, so it’s time to dig deep and stay out of trouble.
I’ll be adopting a cautious approach in the coming week and not trying to push too hard to find an opportunity. Doing that gives you a tendency to look for something that doesn’t exist. That said, opportunities are apparent all the time, so don’t miss out on them, just be aware they will be fewer and less obvious. Last week some of the races in between Cheltenham presented some opportunities, so it’s wrong to assume last week was just about Cheltenham.
Anyhow, expect a different feel to this week and play defensive is my advice.
Great finish to Cheltenham
Posted by Peter Webb in Bet Angel on March 19th, 2011
“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 a record week. Realistically though, I am expecting a bit of a slog today; the racing doesn’t look great.
In total, matched bet turnover on Cheltenham at Befair was £83.1m at this year (at post time), last year it was £84.2m. In only 12 out of 28 races did the turnover exceed last year. On a like for like basis turnover should have been in the region of £89.4m. Most amount of matched bets on one horse was £4.7m on Big Bucks.
For the final day I think I have to give myself nearly 10/10 but not quite. A really good day but not perfect as it didn’t contain a record race, but the overall total was highly satisfactory. I managed to bag £555 on the Gold cup which was satisfactory, but it wasn’t the best result of the day. Overall I was very consistent from start to finish and had a clean sweep with good results across the card. I continued my strategy of trading on both Betfair and Betdaq, but it was so intense that I came unstuck at one point. I was so busy that I failed to exit correctly on Betdaq and ended up with some money in-running, not a great idea on Betdaq. As a result, unable to exit, it ended up as a gamble and, as expected, it went against me and I lost £262 on that race. However all was forgotten on the next race when I trounced that loss with a profit of greater magnitude on the upside.
I’ve been really busy trying a couple of different things this Cheltenham and collecting more high quality data and it’s been a very satisfactory week on both counts. If I made one mistake this week it was being too timid on Betfair. But that’s not a great surprise given the lack of confidence in the stability of the site recently. The big upside this year came from Betdaq, I’ve always hinted that Betdaq works well at big meetings but it was on fire this week. Because the fill rate was higher on the Purple, that made it very favourable. Is this a tipping point?
I think this year was harder than ever, but I still managed to do OK and that gives me confidence for the rest of the year. I do plan to have a different 2011 though, I’ll update you at some point. I hope you had a good week!
Perspective
Posted by Peter Webb in Bet Angel on March 18th, 2011
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 no different and while I am probably heading for a similar total as last year (which is a surprise) it’s in a completely different way. The ability to adapt to changing conditions should never be underestimated.
One of the current problems on Betfair is that it isn’t growing. This year we are currently on just over 100% of last years volume at Cheltenham, ditto for 2009. When a market isn’t growing this creates intense competition for what scraps are left. One of the side effects of this scrap is that certain strategies are becoming viable as a result. For example backers / people dutching can now back at very close to true value now on an exchange and probably stand a pretty fair chance of long term success given even a small edge, ask for a few prices and it is very likely. This is remarkable given the risk that others take in offering these prices. But it seems a lot of the modern activities which create these prices, have been fueled by things that were effective a few years ago but which only now are popular. It’s an accident. There are a few unknowns in there as well, a few mysteries yet to be solved about quite how the market manifests itself this way.
You also need some perspective on Cheltenham. Lots of people argue that there is more genuine money in the market and this makes it more favourable. Well, yes and no. The problem is a lot of that money arrives long before some people arrive on the scene. On average this week 71% of volume at post time was already matched at the five minute marker. I looked at the first page of data from this month and found a low quality race at Folkstone that generated more in liquidity in the last five minutes than four out of the six races at Cheltenham yesterday. I can repeat this example quite easily. If you stuff up a market with lots of cash but have the same matching rate as some ‘normal’ markets, have a think about what happens and the dangers and opportunties that creates?
Anyhow, there is some perspective for you and a deeper look at these markets. It’s the Gold Cup today, so the week hits it peak and this year it’s a very competitive affair, can’t wait!
"I'd trade on Betdaq if the liquidity was better"
All green on St Patricks day?
Posted by Peter Webb in Bet Angel on March 17th, 2011
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. There are many reasons for this but it is clear than two or three horses a race are being manipulated and that is spoiling it for other exchange users. However, if you spot these quickly enough you can avoid them, or better, start pressuring the person at those prices. I’m confident of doing well today.
The key problem I am tending to experience at Cheltenham this year is that the amount of unmatched money is dwarfing the underlying fill rate. This means it is difficult to get enough money through the market in a safe manner. This has often been the case, but it particularly bad this year. Meanwhile, over the Irish sea, I am not seeing the same problem on Betdaq which is allowing me to trade on both exchange simultaneously to net a decent sum overall. It’s a bit complex but a very worthwhile exercise this week.I recommend you give it a try before Cheltenham finishes. At worst download a copy of Betdaq Angel and have a look at the markets, the liquidity at Cheltenham is much higher this year than in previous years. Worth a look.
Happy St Patricks day
Posted by Peter Webb in Bet Angel on March 17th, 2011
Lets hope everybody has a day filled with green!
Something odd
Posted by Peter Webb in Bet Angel on March 16th, 2011
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 prod and probe the markets and look for things that are working or failing to work. I ended up with a mixed picture today. But I do have loads of data, so I will look at that and take forward my experiences into day two. I put some stats on the forum.
Given the outages at Betfair recently, despite reassurances, I was taking no chances and loaded up my Betdaq account just in case. This produce something odd. I could see big volumes going through on Betdaq so I started to trade on it in the same manner as Betfair. I would generally start early on Betdaq and switch to Betfair for the closing minutes. Doing this during the day meant I actually did better on Betdaq than I did on Betfair! That is significant as it is the first time that has ever happened. You could argue that if I was solus on one I may have improved either number. The main reason as to why it worked better I will explain tomorrow, but for the remainder of Cheltenham it looks like I will be trading on two different exchanges at the same time, too good an opportunity to miss.
NOT the biggest race of the day on Betdaq
Efficient Cheltenham
Posted by Peter Webb in Bet Angel on March 15th, 2011
Just had a browse at the first few markets at Cheltenham and it’s amazing how small the book percentage is on a lot of them. Some of the books are only just over 100% and this makes it fantastic value for backers or people dutching the market.
I’ll be gathering data all week, so I’ll let you know if I spot anything interesting. But that’s the first thing to jump out at me this morning.
Detailed Cheltenham preview
Posted by Peter Webb in Bet Angel on March 14th, 2011
As I mentioned in the newsletter, register now for GX Magazine and get a detailed preview of the Cheltenham festival to download today. There is a multi page spread in the magazine which contains information from us full of key stats, hints and tips.
Sign up here: -
http://www.gx-world.com/uk/register.html
Betfair offer an explanation
Posted by Peter Webb in Bet Angel on March 13th, 2011
Betfair have offered an explanation of the significant outage yesterday, to view it click on the following link: -
https://promotions.betfair.com/explanation
They have promised to attempt to do any further work on the site for the whole of next week.
What a joke!
Posted by Peter Webb in Bet Angel on March 12th, 2011
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. All high volume users took this on board and adjusted the way they interact with Betfair to help achieve a system that should have been more stable. But we now find ourselves with a system that is clearly struggling to fulfill normal functioning.
Just months after they came to the stock market with a very high valution it must be very embarrasing for Betfair to face such issues. Given the re-appraisal of the market valuation of Betfair, I doubt whether all these recent issues is going to help credibility with new shareholders.
If you want to trade today, it seems the volumes are holding up well on Betdaq so I suggest you head over there if your fingers are itchy, I just had a really good experiance on the feature race at Sandown where the race had matched bet turnover of £1,037,385 at the off.
To download the Betdaq version of Bet Angel visit www.betdaqangel.com
Morgan inclusion offers opportunity
England’s World Cup bid suffered another setback with the news of Stuart Broad’s injury that has ruled him out for the remainder of the tournament. The loss of Broad was even more of a blow as Kevin Pietersen has already returned home for surgery. Paceman Chris Tremlett has been called in at short notice to help out with the bowling duties.
Eoin Morgan will step in to fill KP’s boots and is likely to have his first opportunity to impress against Bangladesh. This may just be a blessing in disguise given the Irishman’s ODI record. England have played 38 matches with the Irishman in the starting XI and they have won 20 of those matches. Without the batsmen in the side, England have played seven matches and won only three of those.
The winning percentage with Morgan playing since his debut is 52.63%, while it drops to 42.86% when he’s not picked. Morgan has averaged 40 runs in his ODI career since his debut and he has scored three centuries.
There’s further support that England may actually benefit from Pietersen’s injury as England’s win percentage is actually lower when he starts. England have played 112 ODI’s with KP in the side and have won 49 and lost 51.
Without the big-hitting batsman, England have played 39 matches – winning 18 and losing 21. The winning percentage since KP’s debut is 46.15% when England haven’t been able to call upon him and it’s 43.75% when he has started.
Many punters will feel that without KP in the side England are set to score fewer, but the analysis reveals that isn’t necessarily the case. This offers an opportunity for astute traders to take advantage of England’s lower total runs price and look to make a larger profit with Morgan’s positive effect.
Europa success for Liverpool?
Posted by Peter Webb in Bet Angel on March 10th, 2011
I must admit to being sceptical when ‘King Kenny’ was appointed as Liverpool manager. I felt that after many years out it would be difficult to adjust to the modern game. However, Dalgleish has had a mercurial affect on Liverpool’s confidence and at the top level of a sport that is critical. People perform with similar skill at the highest levels and confidence is a BIG factor.
Last Sunday’s defeat of Man Utd will have given them a real boost and that doesn’t seem to be priced into this evenings match against Braga or the overall winner of the Europe league. I feel Liverpool are back in that state of mind where you can’t write them off, or discount anything. It Kuyt a new rush type character? On flip side I don’t know Braga well enough to give you confidence that I can balance out Liverpool’s new found optimism against Braga’s metrics. It’s also important to note that it looks like Gerrard is out this evening.
I’ll watch the match though to have another look if Liverpool are really contenders for the trophy. The match is priced for a 1-1 draw with a slight advantage to Liverpool.
£1.4m win for racing punter
Posted by Peter Webb in Bet Angel on March 8th, 2011
Great scenes at Exeter today when a tote jackpot punter landed over £1.4m when Lupita won in the 17:00.
The Jackpot had not been won since Fontwell on February 27 and rose from £368,373 to £989,008 – the ninth-highest turnover day in Jackpot history – at Ffos Las on Monday. The biggest pool in history remains £2,308,852 at Haydock on August 5 last year.
Betfair switches to Gibraltar
Posted by Peter Webb in Bet Angel on March 8th, 2011
Betfair released an interim management statement today detailing the following results: -
Overall Core Betfair revenue up 6.2% on Q3 FY10 to £77.0m
Core Betfair Sports revenue up 8.6% to £56.6m
Core Betfair Games revenue up 8.2% to £14.3m
Core Betfair Poker revenue down 20.5% to £5.2m
Further down the statement they slipped in the following announcement: -
Betfair announces that, with effect from 9 March 2011, its Betting Exchange will operate under a Gibraltar licence.
In recent months, Betfair has undergone a period of significant restructuring and has now transferred the majority of the key systems for its Betting Exchange from the UK to Gibraltar and Dublin. The Company has also opened new offices in both Gibraltar and Dublin, together employing over 120 people. Betfair continually strives to create the best technology platform for the business. This revised structure will provide the Company with the freedom to locate key technical equipment in more efficient locations in order to improve service to customers and compete on a level basis in the UK market.
Betfair will continue to support British horse racing by committing the same amount of money to the sport that the Company has been paying via the statutory levy for the remainder of the 49th Levy Scheme and on the terms set out for the 50th Levy Scheme.
Tangerine time
Posted by Peter Webb in Bet Angel on March 7th, 2011
Interesting match this evening with Blackpool up against Chelsea. It must seem a long time since Blackpool charged up the league with some notable wins against high profile opposition. Only a couple of points above the drop zone, their focus now must be on the bottom of the league, rather than the top.
I’m not ashamed to say that Blackpool was one of my favourites to get relegated this season. Nothing against Blackpool, who have been very entertaining this season, but they are just not set up for the premier league.
They would appear to be up against it this evening with the suspension of two key players. They also have the worse defensive record in the league so goals seem pretty assured. Cue a 0-0 scoreline!
I’ve put up some more info on the forum for discussion.
Blackpool league position - Courtesy of Statto.com
The secret to good decisions
Posted by Peter Webb in Bet Angel on March 6th, 2011
Was tipped off by somebody the other day about this key bit of scientific advice. So next time you make a bad decision you now know what to do!
Safety in numbers…
Posted by Peter Webb in Bet Angel on March 5th, 2011
An overlooked strategy on betting exchanges is spreading your risk across a number of selections and / or markets. A lot of people think this involves more risk but I’d actually argue it involves less.
By doing more you increase your chance of a return and minimise the pain of a loss. This is strategy that can be applied in a number of ways but can most commonly be applied across, say, a number of football matches before the start. I will often group matches into batches where I will take a position on 3-5 matches in one go. I’ll be looking for a general characteristic that should deliver a payoff. If I am wrong I can exit one or more positions or cash in on others. You can see a simple example of how to do it here: -
If you pin your risk on one event, one loss could be significant to you and cause you a fair deal of emotional pain. This level of risk is also likely to force your hand. Spreading out the risk may reduce your immediate return, but, if you are following a net positive strategy, then increasing its scope shouldn’t worry you anyhow. In fact, it could get you to a more positive place in double quick time. This is because you will learn quicker and increase your scope in a defined and controlled manner.
I only ever aim to be right more often than I am wrong, I am playing a numbers game. Doing this by putting more through the market across more selections I have found aids me in this process. I’d recommend it.
Premier league darts
Posted by Peter Webb in Bet Angel on March 4th, 2011
I know I’ve mentioned this a few times recently but the darts markets are growing on me rapidly for a number of reasons. Generally it is because matches take place over a short period of time but display characteristics similar to other markets.
Last night we saw Phil Taylor take on RayVan Barneveld and there were two obvious trades. Taylor got off to a good start and was worth backing from the off. 6-0 up at the break and trading at very short odds, quite rightly, it was worth laying some money off and going overweight on a comeback. Barneveld saw off the whitewash to push Taylor’s odds out to 1.20′s but the gap was too big and Taylor only needed a small run to close out the win.
A good trading match. Keep your eye on this interesting market. Premier league darts is every Thursday night.
February
Posted by Peter Webb in Bet Angel on March 3rd, 2011
Last month was pretty quiet. When we are in depths of winter I often take some time off and prepare for the busy summer season and so it was last month.
Summer is so important in sports markets that time off during this busy period is tricky, in the winter much less so. It is important to have a break, so winter is when I tend to do that. That said, a good friend of mine is getting married in the Summer and has invited overseas for a wedding spectacular, so it looks like I may take a week out during peak this year. This year will be different for me anyhow, but more about that on another post.
February actually went OK and I managed to beat December’s total, so that is very pleasing but December was a mare so a direct comparison isn’t valid. I’m fully refreshed now and raring to go at Cheltenham. March is all about Cheltenham really and if you do well then a good month on the cards. Do badly and a poor month is likely. I’m open minded about how it will go this year, each year it gets harder and, on a like for like basis, the average matched bet volume last year fell at a lot of the big meetings. This makes anticipating the conditions for this years meeting quite tricky.
However we do have a preview coming out in GX Magazine so check that out.
Serena williams rushed to hospital
Posted by Peter Webb in Bet Angel on March 2nd, 2011
News just coming in that Serena williams has been hospitalised with a pulmonary embolism. Puts things into perspective doesn’t it?