Cheltenham Festival 2018

[Derek27]

Day 1 : £33,924,777 (2017 £34,322.245) Down 1.1%

Obviously depends on the race price profiles but to misquote Mark Twain, I think rumours of betfairs demise may have been greatly exagerated.

Hard to make a comparison but I would say it's about the same. Three odds-on favourites and a 7/4F this year, compared to one odd-on fav Altior (1/4), 6/4 & 2/1F.

[Dallas]

I'll be happy if the markets continue to behave like this all week, only one I found difficult to read was the last (once livelovelast firmed up).

[Dallas]

I thought the Betdaq fill rate was good

[dragontrades]

ready to go for it tomorrow, was playing very cautious today but the markets were great, much smoother than I had anticipated

[Derek27]

Same here, got a feel for the markets and anticipate a better day tomorrow.

[Groovyelms]

Hi All,

I can't beleive I am the only person that hates cheltenham week, I feel it is reserved for the very very very big traders only.

Great racing of course and the spectacle is eyecatching. But trading.....is at best questionable, to get matched you have to have started trading last week or possibly last year! you know what I mean....

groovy

[ShaunWhite]

Hi All,
I can't beleive I am the only person that hates cheltenham week, I feel it is reserved for the very very very big traders only.

That's exactly how I felt last year. This year I had a totally different approach.

[SeaHorseRacing]

Hi All,

I can't beleive I am the only person that hates cheltenham week, I feel it is reserved for the very very very big traders only.

Great racing of course and the spectacle is eyecatching. But trading.....is at best questionable, to get matched you have to have started trading last week or possibly last year! you know what I mean....

groovy

Fewer trades concentrate on just making one trade, look at an earlier post of mine in this topic.

[Derek27]

Hi All,
I can't beleive I am the only person that hates cheltenham week, I feel it is reserved for the very very very big traders only.

That's exactly how I felt last year. This year I had a totally different approach.

That's exactly how I felt a few years ago when I started trading. I used to back or lay the entire field in the antepost markets, get my green books and then just enjoy the racing. Cheltenham markets require a different approach when trading.

[Derek27]

RSA second fav, Next Destination.

LoadRunnerInfoChartAction.jpg

[Derek27]

Only £640K traded on the today's opening race, just over half as much as yesterday's Supreme, same time of night.

[wearthefoxhat]

Hi All,

I can't beleive I am the only person that hates cheltenham week, I feel it is reserved for the very very very big traders only.

Great racing of course and the spectacle is eyecatching. But trading.....is at best questionable, to get matched you have to have started trading last week or possibly last year! you know what I mean....

groovy

In my experience, as a smaller trader, I found the In-Play Trader invaluable. After all the millions matched pre-race by the pro's, I settled down and picked up the scraps.

Focussed on the 5 TV races only, 1 lay to back trade only, resulted in 5 out of 5, increasing the initial bank by 12.5%.

My strategy is L2B the front runners when there's cause to do so. (That's my entry point). I then use the automation to green up. (My exit point).

Example on day 1 was Faugheen. The stable companion of the favourite lit him up and the pace was too quick. First signs of distress the market reacted first, I then saw what I needed and entered with one click. In micro seconds the green up completed. (L 12.00 B 16.11). (be prepared to red trade if market goes the other way)

It's important to remain adaptable and use the delay in the feed to your advantage. If in doubt, stay out and be aware of F.O.M.O.

[Naffman]

Correct me if I'm wrong but liquidity seems down on BF and up quite significantly on BD?

Probably best to analyse at the end of the week.

[megarain]

Betdaq/matchbook have identical pricing to Betfair, with mkts often deeper.

If u pure punter, at 0% comm, into a 100.5% over-round, it would be hard to beat matchbook, unless u prefer Betfair Apps etc.

Betfair have had it to themselves for too long .. competition has to be good, and I hope we see a new landscape.

[SeaHorseRacing]

Betdaq/matchbook have identical pricing to Betfair, with mkts often deeper.

If u pure punter, at 0% comm, into a 100.5% over-round, it would be hard to beat matchbook, unless u prefer Betfair Apps etc.

Betfair have had it to themselves for too long .. competition has to be good, and I hope we see a new landscape.

I agree, If I was betfair I would have had the sportsbook/casino under a different brand.