Archive for category Bet Angel
Free Bet Angel Workshop
Posted by Peter Webb in Academy, Bet Angel on February 16th, 2012
Just a short note to let you know we still have a couple of places on the Bet Angel workshop at our offices next Monday.
http://www.bettingexchangeacademy.com/courses/academy-courses/bet-angel-workshop
The morning session is free but for a small supplement you can attend the whole day which also includes a buffet lunch.
Please contact the academy for full details if you are interested is this or future workshops.
Bumps and ripples
Posted by Peter Webb in Bet Angel, Tennis on January 26th, 2012
What can you tell about a Tennis match before it has started? Quite a lot actually.
The market is pretty accurate at discounting value into a match and assessing the relative strengths of different players, from that you can plot the most likely path through a match and its progression. You can also hunt for bumps and ripples in that path for odds that are most likely to be reached and how. If you do this, you will see that as a match progresses through various stages, certain odds are more likely than others. Of course this shifts as the match moves on, but if you look these values up before the start you can pick and target certain entry and exit points in advance and benefit from this foresight.
Here is a chart of today’s match between Federer and Nadal. I built it using Tennis Trader and it highlights, sometimes subtly, where some of these bumps and ripples are. On the axis you can see the frequency of occurance and on the x axis, the scoreline.
Will Betdaq take off this year?
Posted by Peter Webb in Bet Angel, Betdaq on January 7th, 2012
What an open question that is! I’ve stuck up a poll on the right that you can give me your answer on.
For years Betdaq has been a much weaker market than Betfair. In 2008 it got a boost when Betfair increased charges. A few vendors, including Bet Angel, rushed to make their applications Betdaq compatible. But the majority didn’t however. This rush to Betdaq was short lived and things very soon, sort of, carried on as normal. I say sort of, as some people who tried Betdaq or took the time to develop stayed, me included. It was quite an easy decision for me as, through past experience, I knew that having more than one feather in my cap always paid dividends and having two companies competing for my business was better than one.
Things have been improving slowly over time and but got a big flip again last year when Betfair changed charges again. Once more people said they would do more business on Betdaq, but will it be different this time?
One thing that has changed this time is that there has been a sustained increase in business on Betdaq and that has provided more opportunity, as I have mentioned often in the blog. I think some of this has come around because some larger players have been forced to really make it work this time. We have also done our bit by completely overhauling Betdaq Angel, it received a major upgrade in the middle of last year. That brought it up to spec with the Betfair version, spreadsheets, Guardian and all. It’s been completely free since we introduced it in 2008, so if you want to see more activity on Betdaq; spread the word. Because it’s free you have no real excuse to not download and use it!
From my perspective, I was around at the very start of Betfair so I know the characteristics of a ‘young’ market. Therefore, I am getting better and better on Betdaq, I am often getting similar results on both exchanges (see below for the last race, last week). But to be ideal it just needs a bit more of the ‘right sort’ of activity to bring into play additional strategies. If that happens then I think we could hit an upward cycle.
Your individual circumstances will vary and therefore I suggest you use both exchanges, I do. It’s most important that you use something that suits your style or needs and gives you the greatest opportunity. But it will interesting to see if Betdaq really gets going this year. What do you think?
Losers needed!
Posted by Peter Webb in Bet Angel, News on January 6th, 2012
Over the years I’ve studied the markets and a number of strategies, but all of these have been focused on winning.
Late last year I turned my attention to why people lose, the psychology behind that, but also what fundamental flaws they have with their approaches in the market.
If you mess around at random you should, over long periods, break even less the spread or commission that you pay to the service provider. However, when I look at a lot of people that lose money, they seem to constantly exceed that.
So if you have an approach, preferably a systematic approach, that constantly loses money. I’m quite interested in hearing about it. Football is a nice sport for this as it contains only a few variables and can be pigeon holed into something simple. Back before the off, lay off if this happens, sort of thing. You don’t need to go public if you don’t want to, or if you want to suggest something I am sure people wont attribute that to yourself. But good suggestions are invited, however sourced. I’ve seen some real bum systems over the years so I imagine there must be some decent suggestions out there.
I’ve put a thread on the forum, which is a little off at a tangent at the moment. But I’m happy to look at any suggestions or approaches. I’m interested in not only what you did but why. I can’t promise to respond or comment on anything immediately, just trying to see some commonalities across losing approaches. The idea is to identify the most common errors and come up with some useful ways of avoiding them!
Hello 2012
Posted by Peter Webb in Bet Angel, News on January 1st, 2012
Greetings to the year 2012, or if you are Assyrian the year 6762 or if you are 2556 in Buddism or…, well you catch my drift.
2012 is going to be a very busy year on the sports front, if the Mayan apocalypse doesn’t mature, so I look forward to what should be a very interesting year. I spent a lot of the second half of last year looking at new things so I look forward to doing some of that in 2012.
Happy new year!
Farewell 2011
Posted by Peter Webb in Bet Angel, News on December 31st, 2011
No time to summarise the year on this post, hopefully I’ll get the chance in the new year. But just wanted to say goodbye 2011 and thanks for everybody’s support and custom through out the year. It turned out to be a really interesting year, right to the final days!
I managed to bag a four figure race yesterday and did well on the darts in the evening so it’s likely to be a nice sign off for the year.
Here’s looking ahead to what is going to be a fascinating 2012.
Looking for the luck of the Irish
Posted by Peter Webb in Bet Angel on December 28th, 2011
Their economy may been in the dumps, but then that’s no shock in the western world economies; but the racing is top notch this week at Leopardstown.
The holiday racing cards are packed with races which can cause some problems at times, but outside of that the feature races where-ever they are, are often worth a look.
Today at Leopardstown it’s the Lexus chase and then tomorrow, the Festival hurdle. If you are around, don’t rule out anything on the card in this busy period. But have a go at some of the features, even if they are not in the UK. They can work quite well. That said the Lexus chase today looks a little tricky.
Merry Christmas from the Bet Angel team
Posted by Peter Webb in Bet Angel, News on December 24th, 2011
Signing off..
Posted by Peter Webb in Bet Angel, News on December 23rd, 2011
Right, it’s time to do some last minute stuff for Christmas. A full house tomorrow means we have lots of food to prepare and I’m looking forward to doing anything but sports related stuff for a few days.
I had a reasonable day yesterday, which was a nice way to start the break for Christmas. I’ll be back at my desk on boxing day!
Back to open
Posted by Peter Webb in Bet Angel, Betfair, Horse Racing on December 20th, 2011
It looks like we are going to have some fun and games in the market today. I’d recommend adopting a ‘back to open’ trading policy!
For more information read up on this thread: -
http://www.betangel.com/forum/viewtopic.php?f=5&t=4934&start=240
Lay the draw – automatically
Posted by Peter Webb in Bet Angel, Football / Soccer on December 3rd, 2011
Last week we backed the draw using the new automation feature in Bet Angel, this week we lay it.
Whether you use the new feature to implement something or test an idea, it’s a powerful tool to do either. Based on immediate feedback we have expanded the number of conditions you can apply to your automation which expand your capability further. Bear in mind that using the practice mode you can play around without risking any money and by using the P&L export function in the automation, you can export your results to a file long after the market has closed. This will allow you to see how you did on the day when you return to your desk.
We plan to introduce even more elements to the automation, so please keep your version up to date with the very latest beta. Next release is on Monday.
Here is a video explaining how we laid the draw and greened out after a goal, using automation. I’ll export and post the automation file that did this on the forum.
http://www.betangel.tv/video/using-bet-angel/automation/220-automatically-lay-the-draw
Be careful laying the draw in certain Italian matches!
Major new release of Bet Angel
Posted by Peter Webb in Bet Angel, News on November 18th, 2011
We are delighted to announce a new version of Bet Angel!
This morning we have released a new beta version, 1.30, which includes a brand new feature.
The new feature focuses on automating your betting or trading activity and builds on the work we have done with Guardian and the Excel spreadsheet link. In fact you can use this new feature along side any activity in your core market and / or any activity you have in a spreadsheet.
The new automation feature in Guardian allows to supplement or automate your activity by creating rules and applying them to specific markets or all of your activity. You can simply click on a market and then use a simple to understand interface to construct the automation you want to apply to that market. Once applied, Guardian will sit in the background while you get on with other activity and get busy applying the instructions you have given it. You don’t even need Guardian open on your desktop or server.
You can apply as many different rules to as many different markets as you wish in Guardian, all at the same time. Bet Angel will cycle through all these markets and apply your automation to them all. This mean you could be trading a horse racing while Guardian and the automation tool will be automatically applying or managing bets, entering markets, exiting, greening up etc. all in the background on different markets and sports.
For more information click here, or to view some videos click here.
Have you got the X-Factor?
Posted by Peter Webb in Bet Angel on November 12th, 2011
Last year I made a killing on X-Factor, but I’ve been a bit quieter this year. Mainly thanks to not being able to get the risk/reward mix right.
The interesting thing about reality TV shows is that there are no rules or models that you can apply to the market. The unexpected can and will happen, often. Therefore I am always looking for outliers, things that are seem certain or very un-certain but that any producer or editor can catapult into the limelight. Since public voting became commonplace in these shows you can’t rule out that influence either.
This year we have had the ‘scandal’ that has brought some real outliers into contention. The big one being Amelia Lily who was out of the competition and laid at 1000 only to brought back into the mix and now trades at 6.80. You need very, very few of these to get a long term payoff. Always be thinking out the unthinkable.
Quietly moving ahead..
Posted by Peter Webb in Bet Angel on November 11th, 2011
It’s interesting to see that liquidity and market conditions continue to improve on Betdaq. It’s quite possible to sqeeze someting out of most races now and thanks to the favourable commission rate it’s proving a good use of my time. We appear to have gone from waiting for perfect market conditions to a wider range of acceptable reasons to participate, which is encouraging.
I’d honestly recommend using both major exchanges as competition is good in all markets, but some of this will be subject to what you are trying to do. While horse racing is working well and very liquid now on Betdaq, its not so great on some other sports; but generally improving. Basically use both where you can, but not at the expense of your net results!
As you may be aware we have had a Betdaq equivalent of Bet Angel for some time, around three years now. It contains all the features you expect and best of all it’s free! It got a major upgrade in July, so there is little reason not to download it and give it a try.
Should Betfair be more secure?
Posted by Peter Webb in Bet Angel on November 10th, 2011
I’ve put a poll up on whether Betfair should be more secure, read on and vote.
As you may / or not be aware, Betfair suffered a security breach not so long ago but choose not to inform customers after consulting on the risks involved in the breach. Personally I feel, whether there was a risk or not, people should have been informed.
The following was recently pointed out to me in the Betfair terms and conditions under the “limitations of liability” section: -
“We will not be liable to you for any loss that you may incur as a result of misuse of your password, or in the case of the Telephone Service, of your telephone access number, and we accept no liability resulting from its unauthorised use, whether fraudulent or otherwise.”
Restrictions in liability are quite common and I fully understand why they are there. But I was surprised recently by reports of people who have had their accounts defrauded on Betfair and who where subsequently quoted the above sections when asking about what happens next. The answer was “nothing” based on the above terms, the money was gone and that was it.
The net upshot is that if you are defrauded or if there is a system or operator error, it seems Betfair will not re-imburse your funds. Basically any money you have deposited is at real risk of total loss in the event of fraud or error. The people who have been affected and come forward to me explained in detail the cause of the loss and the fact that from the evidence they gave, it was obviously not a transaction taken by them. But that didn’t seem to matter.
This begs the question of if security protocols need beefing up at Betfair. Surely if your money is at such risk you should have the ability to restrict or limit your activity? Restricting to certain IP addresses or sports, or territories, or values would make perfect sense? It would make fraudulent activity much harder and re-assure people who have decent sums of money on deposit.
I’m not comfortable with the risks involved in the current process despite having been unaffected. I’m worried about what could happen and would like to see some changes. If you agree vote appropriately!
In the meantime, make sure you take sensible security precautions to limit any potential issues. Keeping as small balance as possible and regularly changing your password are two of the key elements. Ensuring your have valid anti-virus software etc is another. There are others, but don’t wait till its too late to take action. I’m not saying there is any increased risk in the system , but it’s better to be safe than sorry!
Poppycock
Posted by Peter Webb in Bet Angel on November 9th, 2011
You wouldn’t think such a widely accepted charity symbol could possibly be a controversial figure, but I am sure that FIFA are determined to make it so. You would think a largely political organisation would be able to successfully brush aside any possible controversy about remembering the sacrifice people make during wars in a calm and reasoned manner before anything controversial came of it. But FIFA appear to have fowled up again on this one.
You can see the logic of stopping national teams making statements on their shirt, but I’m not sure this is the case on this occasion. If I were the FA I would stop the arguing and give every supporter in the stadium a poppy before the match starts, send a Lancaster over the pitch with a belly full of poppies and put one prominently in the background at the start of the match. Something to show FIFA why they need to rethink future similar decisions.
My eldest daughter is just discovering, through her history lessons, at high school just what happened during the war and the incredible waste of life that took place. Nobody should ever forget that.
Bet Angel on TV
Posted by Peter Webb in Bet Angel on November 7th, 2011
OK, not as glamorous as it seems, we have just sponsored a few races at Southwell today. I’m not available to attend the event but one of my guys will be there. I’ve offered him a bonus if he streaks in front of the winning post!
Never going to be great quality conditions on a Monday, but we hope we have done our bit for racing today.
Stay caffeinated
Posted by Peter Webb in Bet Angel on November 6th, 2011
With the end of the summer racing I’ve been on my travels recently. I’ve skipped a few days, but on bigger days I’ve still needed to do some work on key markets.
Therein comes the problem of how and where. Whether you are staying with friends or in a hotel you also need to have a back up plan, just in case. My solution is to use coffee as my back up plan.
Where ever you are, there is usually a coffee or snack shop somewhere nearby. I carry an app on my iPhone to tell me how near I am to a location that offers internet access. When I arrive at a destination I quickly check how far away the back up location is and what sort of connection they have.
On Saturday I was busy trading away when BOOOOOM all the power went at my current location. I immediately switched to my iPad and mobile broadband connection, but for some strange reason that was working either. So backup three was in motion. I headed around the corner to Starbucks when I ordered a coffee and started up again. Starbucks saves the day!
So, there you have it, stay caffeinated!
The long day…………..
Posted by Peter Webb in Bet Angel on November 4th, 2011
Today we have an interesting session. UK racing trundles on from afternoon to evening racing, then the Breeders Cup meeting comes on line in the US. As the Breeders cup meeting on the Friday draws to a close, we then morph to Australian racing and the final day at the Melbourne cup meeting. The remarkable Black Caviar runs again tomorrow and is a incredible 1.06 to win it’s group one race. I think that’s untradeable, but I am tempted to watch the race and hype surrounding this horse.
In previous years I’ve had mixed results in the Breeders cup meeting so I’m not sure if I will hang on till late into the night to give it a go. The Saturday is the better day so that should be your focus but you may be able to squeak something out of the Friday as well. Anyhow, if you choose to all available it will be a looooong day. But hopefully a very rewarding one!
Muddled
Posted by Peter Webb in Bet Angel on November 3rd, 2011
It’s a bit difficult to disect European vs English form in the Europa league. But we have some clear clues on at least one match this evening.
Rubin Kazan play a much depleted Spurs side this evening and you would have to favour the Russian side given Harry Redknapp’s preference for player his second string in this competition. With the news that Harry will miss the match due to surgery you get the feeling that following a strategy that relies on Rubin Kazan being in the lead at some point is a sensible move. You can’t help but feel the muddling of the Spurs team will work against them this evening.
Here’s hoping Harry has a quick and full recovery from the surgery.
My Melbourne
Posted by Peter Webb in Bet Angel on October 31st, 2011
Me and the Melbourne cup go back a few years now. Many moons ago I got interested in the ‘race that stops a nation’ and learned that it really did stop the nation, they have a national holiday today.
So, intrigued, I got up at 4am one dark winter Tuesday to see what all the fuss was about. Nothing really happened apart from a lack of sleep and I returned to bed disappointed. Back then I had converted have the garage in my old house into an office that I could work from. So I slept on the floor that night so I wouldn’t disturb the rest of the family. The following year I tried again and did a bit better, but not much. My wife thought I was mad getting up at 4am to watch a bit of racing.
From year three however things started to move in the right direction and I built year on year on my knowledge and understanding. So this year I am looking forward to giving it another go. I have taken up the kind offer of a Bet Angel user to shift time zones to give myself the chance to participate in a more reasonable frame of mind and in more comfortable surroundings than a garage floor.
Good luck if you are giving a go tonight.
Melbourne cup carnival is here
Posted by Peter Webb in Bet Angel on October 28th, 2011
The race that stops a nation isn’t too far away now, but the action really kicks of in Flemington today / tomorrow, depending on where you are in the world.
We have a number of very high profile, rich prize money racing in Melbourne this Saturday, Tuesday, Thursday and next Saturday. It should prove to be a real feast of high quality racing.
From a European perspective there is the issue that most of this takes place in the dead of night. However, if you want to look at and learn from this why not do some automated stuff overnight? Whether it is just to collect data or test an actual theory there is plenty of scope to get Bet Angel to do things that you can’t.
I’m really looking forward to the carnival this year. About six years ago, I think, I tried to do something on it and failed but have got better over the years at pulling something out from this meeting. Good luck if you want to give it a try.
Have a break
Posted by Peter Webb in Bet Angel on October 26th, 2011
With a busy week planned for next week I am having a continuing a bit my break this week from all things betting exchange related. I am dipping in and out of the markets but not with any gusto. I am busy on some non betting exchange stuff at the moment, so rather than a half hearted attempt, I felt it better if I tested a few things rather than put in half a full effort. Now we are heading into the winter season it’s possible to do that, but during peak season it would be a definite no.
Their are many benefits of having a break. First you don’t burn out, second you relax a bit and that brings come clarity of thought which and gives you a base on which to ‘think forward’. When having a break, I tend to put myself in situations where it’s not possible to keep up with day to day stuff. That’s the only way to have a true break. So apologies if you sent me an email recently, you are unlikely to get an immediate response, but you will get one, once I am back into routine.
If you never take a break, do it. You will return fresh and full of new ideas. It’s a healthy thing to do.
Every action..
Posted by Peter Webb in Bet Angel on October 25th, 2011
Requires an equal and opposite reaction… said Issac Newton.
So my attention is drawn to the clash between Aldershot and Man Utd this evening.
Man Utd should win, but the odds are discounting a bit of uncertainty, which is probably a fair reflection of the likely team and how they will play. But can Fergie risk anything less than an emphatic victory? I’m on the look out for a reaction to the stunning result on Sunday. I imagine that will galvanize them into action.
I’m not really into these matches generally as they are difficult to accurate assess, but I sense there could be an opportunity in this match this evening.
United vs City
Posted by Peter Webb in Bet Angel on October 23rd, 2011
One of the big matches of the season is up today, the Manchester Derby. I’m really intrigued.
This is the real acid test of who is going to be in the ascendancy over the season. Both have thrown down the gauntlet with very good early season performances and matching each other stride for stride so far. So this match is the first opportunity to throw both in the mix and see what comes out of the melting pot.
You have to feel there is a good chance of a draw. Either side will not want to lose and that will cause either side to really chase down a goal if they go behind. Local matches always throw up more draws than non local matches anyhow. I’d love to watch it but unfortunately I will be on a plane at kick off so I wont get to see it at all. I’ll have to fire up my laptop to view the highlights when I land.
Good luck if you are getting involved. You may be interested in taking up Betdaq’s offer of your commission back if either team come from behind to win. Click here to learn more about the offer. Just how often would this happen? On average the away team scores first 44% of the time. 32% of the time they will score first but not win, so it’s a definite possibility. But, Manchester City have only won once at Old Trafford since 1974 – a 2-1 victory for Sven-Goran Eriksson’s side in 2008. It’s going to be an interesting battle.
Click here to learn more about the offer
Short priced favourites
Posted by Peter Webb in Bet Angel on October 22nd, 2011
I have a tendency to look to lay short priced favourites but this weekend there are two that appear nailed on to win. First up this morning was Black Caviar, 14 wins out of 14 and going for the 15th at just 1.05. A bloodless victory saw her romp home and send her forward to Flemington next where she is likely to encounter more opposition. I think this is the shortest price I have ever seen a horse go off in a group race.
Next up will be New Zealand in the Rugby world up final. I’ve really enjoy the Rugby this year and learnt a lot from it. I’ve never traded it much before and the world cup was an opportunity to experiment and learn. The key element for me was that points are constructed in a slower manner than other sports and that makes it interesting.
The final looks very similar to the last final in 1997 between South Africa and England. France have stumbled to the final in unconvincing fashion and New Zealand should be able to dispatch them easily. Though it’s worth nothing that only two previous hosts have won the competition and England only lost 15-6 in 2007. It’s still hard to see beyond New Zealand at 1.13 however, the tournament is theirs to lose. Betdaq are offering commission back if New Zealand win by 15 points or more. Worth a look.
Many hands make light work
Posted by Peter Webb in Bet Angel on October 21st, 2011
If you are searching for that elusive edge, have you thought about utilising Bet Angel’s many varied automated features? They say that many hands make light work and it’s true on these markets as well, even if they are virtual hands.
Using the spreadsheet functionality on Bet Angel it’s possible to construct very simple to very complex commands, instructions, tools and scripts to do pretty much whatever you want. You can also use it to test ideas or concepts fully automatically while you are busy doing something else. It’s a very useful way to explore the market or actively participate in it.
The way we have designed this tool is pretty clever as well. It’s possible to use Bet Angel’s main trading interface while the spreadsheet does it’s own thing. It can do this thanks to the way the multi market tool Guardian works. You can get Guardian to cycle around markets or load a ton of them onto one workbook for it to work on simultaneously. The advantage of this is that you could create, for example, something to look for arbs on football matches, or perhaps certain conditions on certain markets That can run automatically in the background while you work on the racing.
We have some very innovative solutions that people have put up on the forum. It’s amazing how creative people are given the right tools. Hopefully we can deliver more in the coming months.
If you are interested in how to use this functionality, then please view a few videos for the basics of how to set up and use it: -
http://www.betangel.tv/video/using-bet-angel/using-spreadsheets
You can use similar functionality on both the Betfair and Betdaq versions.
That’ll do nicely
Posted by Peter Webb in Bet Angel on October 17th, 2011
I had a feeling Saturday would turn out to be an interesting day, so I pulled out all stops to take advantage. I did well and it was a real pleasure to net my best day ever (At least before commission).
I managed to pick up a lot of decent results from a wide spectrum of events on both exchanges. Thanks to favourable commission rates and favourable liquidity conditions on Betdaq, it meant I found it pretty easy to beat my post commission Betfair totals on a lot of events. Overall I’m really chuffed with how it went. I’m picking and choosing my targets nowadays, so I’m glad I got Saturday just about right.
I’d happily recommend using both exchanges now, as I think both are perfectly tradable. I may not have said that a couple of years ago. It’s a big positive that we have two viable exchanges now. Yes, liquidity is lower on Betdaq, but it’s growing and there are fewer strange things going on over there, which makes it a bit easier. That also means the actual fill rate is higher in a lot of cases and that reduces overall risk. I note that different sports are at different levels of liquidity at the moment. But if history is anything to go by I think that may change. I guess either may suit different people and styles, so I suggest you try both. However, if you run both versions of Bet Angel next to each other you can see that both exchanges more or less track each other, but sometimes they do slip apart.
Betdaq is used by the vast majority of on-course bookmakers so you can possibly see some late hedging going on now and again. But more or less they are similar. A price held up on Betfair very often does the same thing on Betdaq, but at that point Betdaq often shows a ‘cleaner’ path forward. In short I think it’s worth having both up now as you can get an extra dimension to the markets.
The market is an ever ebbing and flowing tide so I’m always on the look out for anything that is changing shape or form. I’ll keep you informed. Something curious happened to me recently, I’ll see if I can post up later this week.
Anyhow here are a couple of highlights from Saturday. I’m going to talk about these at my next course on the 17th November. These were NOT the biggest results of the day, but there were two of the most satisfying:-
Whipping up a storm
Posted by Peter Webb in Bet Angel on October 14th, 2011
Only racing can conspire to turn something that was supposed to be a PR win into a PR loss.
Richard Hughes dramatic news last night merely highlights and drives forward what racing will be talking about this weekend. Forgot the wonderful racing at Ascot on Saturday or the fact that Cheltenham is on the cards today. Everybody will be talking about the whip.
Steve at Mull it Over, sort of sums up the mood in racing at the moment. He also seems to confirm what I mentioned on Monday in that form will be really jumbled up in the short term while these changes work their way through.
I’m not well educated enough on the use of the whip to give you a firm judgement. But I can see why it is used in racing, and also what racing is trying to address. I do wonder whether education is a key component missing from racing? I didn’t really have much of a clue about racing when I first started to get involved but slowly learnt the ropes. For a complete novice it must be daunting.
Maybe good promotion and education, maybe through shared ownership, would help racing’s cause? From an outside viewpoint, at the moment there is too much of a gap between the core of the sport, the authorities that run it and new people getting interested in it. That has to change for racing to move forward.