Declining Horse Racing Volumes

[Bobajob]

Football is chock-full of experts. Horse racing is in decline, and saturated with expert knowledge and multiple technological edges. You'll likely very quickly get steamrollered in either of these.

Cricket is a little more niche and one of the few sports in Betfair that is growing exponentially.

I would focus on cricket if I were you.

Good luck!

"Horse racing is in decline" ???
Bangor 14:45 today - Total Volume £413K
Bangor 15:40 today - Total Volume £386K - In Play £115k

[ShaunWhite]

Horse racing is in decline

"Horse racing is in decline" ???

Yep

UK Pre-race

Screenshot_6.jpg

UK In-running

Screenshot_8.jpg

Australia

Screenshot_9.jpg

[Bobajob]

In terms of trading, I’m looking at the following areas:

It's all equally hard so consider the lifestyle you'll end up with. Do you want you want to sit at a desk every day, evening or night, do you mind scheduling your life around sporting events, do you want to watch sport on tv all day, do you want to work as and when you please and automate your way to a passive income? Trading is a novelty at first but after a few years that wears off big time, so what life do you want?

(my personal choice cane down to : I don't like sport much, I don't want to be tied to the clock or calendar, I had a tech background. So for me I treat it as an IT job and I only run automation)

Nope - compared to the last 12 months - Bangor today £413K

[Dallas]

Horse racing is in decline

"Horse racing is in decline" ???

Yep

UK Pre-raceScreenshot_6.jpg

UK In-runningScreenshot_8.jpg

Australia
Screenshot_9.jpg

It's becoming so depressing festivals aside I've stopped bothering with it manually race to race in the early half of the week,
I now just have it on in the background waiting for alerts to jump on the odd trade

[Bobajob]

"Horse racing is in decline" ???

Yep

UK Pre-raceScreenshot_6.jpg

UK In-runningScreenshot_8.jpg

Australia
Screenshot_9.jpg

It's becoming so depressing festivals aside I've stopped bothering with it manually race to race in the early half of the week,
I now just have it on in the background waiting for alerts to jump on the odd trade

Volume is there certainly at Bangor today - are you saying your 'edge' has gone?

[Derek27]

"Horse racing is in decline" ???

Yep

UK Pre-raceScreenshot_6.jpg

UK In-runningScreenshot_8.jpg

Australia
Screenshot_9.jpg

It's becoming so depressing festivals aside I've stopped bothering with it manually race to race in the early half of the week,
I now just have it on in the background waiting for alerts to jump on the odd trade

I'm glad I've switched to football but I'm still shocked to hear seasoned racing traders feeling it's not worth the bother. It used to be the key sport on Betfair.

[Dallas]

Yep

UK Pre-raceScreenshot_6.jpg

UK In-runningScreenshot_8.jpg

Australia
Screenshot_9.jpg

It's becoming so depressing festivals aside I've stopped bothering with it manually race to race in the early half of the week,
I now just have it on in the background waiting for alerts to jump on the odd trade

Volume is there certainly at Bangor today - are you saying your 'edge' has gone?

No, just no longer worth my time to sit there all afternoon

You can't take and one race in isolation, you need to look at the average month on month over the year and Shaun's chart show they are still falling year on year - the only positive is the decline is at least slowing down

It was only a few years ago even the worst months of the year had averages of cira £500K a race

BTW I've moved these posts regarding racing traded volumes to a separate thread so as not to derail that thread for the OP

[Bobajob]

It's becoming so depressing festivals aside I've stopped bothering with it manually race to race in the early half of the week,
I now just have it on in the background waiting for alerts to jump on the odd trade

Volume is there certainly at Bangor today - are you saying your 'edge' has gone?

No, just no longer worth my time to sit there all afternoon

You can't take and one race in isolation, you need to look at the average month on month over the year and Shaun's chart show they are still falling year on year - the only positive is the decline is at least slowing down

It was only a few years ago even the worst months of the year had averages of cira £500K a race

BTW I've moved these posts regarding racing traded volumes to a separate thread so as not to derail that thread for the OP

That's good - I'll keep an eye on them going forward

[weemac]

Factoring in inflation to YoY declining volumes makes the decline even more stark. I noticed one race today in the UK had £45k or so matched 1 minute before off time. Empirically it's felt like gradual terminal decline over the last few years.

[Bobajob]

Factoring in inflation to YoY declining volumes makes the decline even more stark. I noticed one race today in the UK had £45k or so matched 1 minute before off time. Empirically it's felt like gradual terminal decline over the last few years.

That was probably Navan 16:25 Total Vol £99k, Pre-Race £68k, In-Play £31k
Plenty Volume there to make a good profit pre-race and in-play - doesn't matter if they are declining
Stop being -ve and 'make hay while the sun shines'

"There's gold in them thar hills" (Mark Twain )

[Charliechee]

Horse racing is in decline

"Horse racing is in decline" ???

Yep

UK Pre-raceScreenshot_6.jpg

UK In-runningScreenshot_8.jpg

Australia
Screenshot_9.jpg

Hey Shaun you have a graph for AUS "in play" same timeline?

[jimibt]

Factoring in inflation to YoY declining volumes makes the decline even more stark. I noticed one race today in the UK had £45k or so matched 1 minute before off time. Empirically it's felt like gradual terminal decline over the last few years.

That was probably Navan 16:25 Total Vol £99k, Pre-Race £68k, In-Play £31k
Plenty Volume there to make a good profit pre-race and in-play - doesn't matter if they are declining
Stop being -ve and 'make hay while the sun shines'

"There's gold in them thar hills" (Mark Twain )

sadly this was the pattern i was seeing going back a few years. i was a BF/BA/API advocate, but there came a point for me (in 2020-2021 during the pandemic) when i kinda saw the writing on the wall (in terms of what i was doing). I had been focussed on horse racing and dogs and the scaling back of those events just ended it for me. I can't say for sure, but potentially that period in time ended up forcing many active participants into new areas of interest (think forex/crypto etc). Couple that with BF's lack of apparent interest in the exchange and the GC pending report and you can see how a perfect storm has been brewing.

hoping that the gold in them thar hills sees the sales of shovels take off big time again.... keep diggin

[Bobajob]

Factoring in inflation to YoY declining volumes makes the decline even more stark. I noticed one race today in the UK had £45k or so matched 1 minute before off time. Empirically it's felt like gradual terminal decline over the last few years.

That was probably Navan 16:25 Total Vol £99k, Pre-Race £68k, In-Play £31k
Plenty Volume there to make a good profit pre-race and in-play - doesn't matter if they are declining
Stop being -ve and 'make hay while the sun shines'

"There's gold in them thar hills" (Mark Twain )

sadly this was the pattern i was seeing going back a few years. i was a BF/BA/API advocate, but there came a point for me (in 2020-2021 during the pandemic) when i kinda saw the writing on the wall (in terms of what i was doing). I had been focussed on horse racing and dogs and the scaling back of those events just ended it for me. I can't say for sure, but potentially that period in time ended up forcing many active participants into new areas of interest (think forex/crypto etc). Couple that with BF's lack of apparent interest in the exchange and the GC pending report and you can see how a perfect storm has been brewing.

hoping that the gold in them thar hills sees the sales of shovels take off big time again.... keep diggin

Forget Crypto - it's tanked
https://www.thetimes.co.uk/article/sam- ... -bd90l2t2s
The surge is in Sports Betting - that's where all the sales of shovels are.

[jimibt]

That was probably Navan 16:25 Total Vol £99k, Pre-Race £68k, In-Play £31k
Plenty Volume there to make a good profit pre-race and in-play - doesn't matter if they are declining
Stop being -ve and 'make hay while the sun shines'

"There's gold in them thar hills" (Mark Twain )

sadly this was the pattern i was seeing going back a few years. i was a BF/BA/API advocate, but there came a point for me (in 2020-2021 during the pandemic) when i kinda saw the writing on the wall (in terms of what i was doing). I had been focussed on horse racing and dogs and the scaling back of those events just ended it for me. I can't say for sure, but potentially that period in time ended up forcing many active participants into new areas of interest (think forex/crypto etc). Couple that with BF's lack of apparent interest in the exchange and the GC pending report and you can see how a perfect storm has been brewing.

hoping that the gold in them thar hills sees the sales of shovels take off big time again.... keep diggin

Forget Crypto - it's tanked
https://www.thetimes.co.uk/article/sam- ... -bd90l2t2s
The surge is in Sports Betting - that's where all the sales of shovels are.

tbh -i was actually referring to that point in time (2020-21). I'd honestly love to see a surge in sports betting again and definitely would welcome some supporting stats similar to shaun's.

[Kai]

(think forex/crypto etc)

You involved in any of those Jimbo?