Cheltenham Festival 2018

[SeaHorseRacing]

smarkets have over 8 million traded on the first ,
i dont know how they calculate it ,but its a lot .
https://smarkets.com/event/905202/sport ... content=sq

Not sure whether I believe that if I am honest...

[LeTiss]

smarkets have over 8 million traded on the first ,
i dont know how they calculate it ,but its a lot .
https://smarkets.com/event/905202/sport ... content=sq

Not sure whether I believe that if I am honest...

I haven't joined Smarkets, so I'm in no position whatsoever to pass judgement, however I am also suspicious of their matched figures. Do they include self-matching in those figures? Betfair used to do that in the early days, and it's the easiest way to increase and exploit the supposed levels of liquidity

[Euler]

If you matched £10k with yourself a lot you could create massive 'liquidity'

[Original-Soultrader]

Question on matching - is it really first come first served?

reason: on the first chelt today i thought 'lets see how long it takes to get matched' i placed a £50 stake at 3.05 on the fav - at the time the amount matched was 890k at that price and there was 7k in the queue - so my reasoning was that at 897k ish i would get matched - right now it's at 910k and i'm still not matched - how does that work?

[Naffman]

Not a lot getting matched at 3.0 on both exhanges

[Original-Soultrader]

I also note this - at one point it was exactly 1k in the pendings - i saw several lays placed which did not deduct from the pending number at all. is this even accurate?

[Euler]

Question on matching - is it really first come first served?

reason: on the first chelt today i thought 'lets see how long it takes to get matched' i placed a £50 stake at 3.05 on the fav - at the time the amount matched was 890k at that price and there was 7k in the queue - so my reasoning was that at 897k ish i would get matched - right now it's at 910k and i'm still not matched - how does that work?

Matched totals are double actual totals and then there's cross-matching to talk about!

[dragontrades]

All the best to everyone for the week, try not to give Euler all your money

[Dallas]

Question on matching - is it really first come first served?

reason: on the first chelt today i thought 'lets see how long it takes to get matched' i placed a £50 stake at 3.05 on the fav - at the time the amount matched was 890k at that price and there was 7k in the queue - so my reasoning was that at 897k ish i would get matched - right now it's at 910k and i'm still not matched - how does that work?

Matched totals are double actual totals and then there's cross-matching to talk about!

Lets not set Letiss off today with XM'ing

[Original-Soultrader]

so it's pretty pointless then?

i finally got matched at 940k matched - 50k up from my placing point - even halved thats 25k.

just trying to understand the point of having it - is it just large meetings that screw it up?

[Wolf1877]

I'm probably the only BA trader more interested in Southwell and Newcastle today!

Basically as a 6 month newbie Cheltenham markets just seem a little too dull and slow for me. My initial impression today is that Cheltenham seems perfect for the trader with a huge bank who can wait an hour for a £10000 offset trade to be matched. Sadly that isnt me this year at least but this time next year Rodney!

Cheltenham will be done and dusted by next week while the AW keeps going all year round so I consider studying and mastering the AW in play markets far more of a priority for me than Cheltenham.

[Dallas]

I'm probably the only BA trader more interested in Southwell and Newcastle today!

You'll often get some good moves on the support cards during festival weeks

[LeTiss]

Lets not set Letiss off today with XM'ing

Cheers mate, much obliged

[Wolf1877]

so it's pretty pointless then?

i finally got matched at 940k matched - 50k up from my placing point - even halved thats 25k.

just trying to understand the point of having it - is it just large meetings that screw it up?

I put a trade in on Kalashnikov earlier. Basically I noted trade volume on the ladder was 35K there was 7.5K waiting to be matched ahead of me and my trade was matched when it reached 50K so pretty much bang on what I expected. i.e. 35K starting point + 15K (ie 2 x 7.5K) = 50K. You have to watch the volume on the ladder point not the volume on the selection. Makes it hard to automate though with BA.

[brimson25]

I'm probably the only BA trader more interested in Southwell and Newcastle today!

Basically as a 6 month newbie Cheltenham markets just seem a little too dull and slow for me. My initial impression today is that Cheltenham seems perfect for the trader with a huge bank who can wait an hour for a £10000 offset trade to be matched. Sadly that isnt me this year at least but this time next year Rodney!

Cheltenham will be done and dusted by next week while the AW keeps going all year round so I consider studying and mastering the AW in play markets far more of a priority for me than Cheltenham.

I'm in the same boat as you. Really excited at the thought of having a go at this. But I've not sure it's for me either.