Royal Ascot 2018

[dragontrades]

Could it be love has gone too far surely

[Derek27]

Could it be love has gone too far surely

Closed trade way to early.

[Derek27]

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[Derek27]

Turnover for Wednesday approximately £12.2M, same as yesterday.

[dragontrades]

The last race seems to have traders trying to trade it like the earlier races but not enough betting money going through so things get a bit messy

[Dallas]

Yesterday was worst PE Tue in over a decade, today it's the worst PE Wed of the decade except for 2010

At least the post time figures for Wed are back on par for WC years

[SeaHorseRacing]

Shang Shang Shang looks a monster. Huge filly.

[Naffman]

Anyone else find Betdaq a bit better yesterday?

It still seems a long way off Cheltenham levels though

[megarain]

Yesterday was worst PE Tue in over a decade, today it's the worst PE Wed of the decade except for 2010

At least the post time figures for Wed are back on par for WC years

Plse forgive my ignorance, but what does PE stand for in this context.

I know a bit about Ascot.

I bought a half share in a Royal Enclosure rails pitch, for £105k. Once again, we track Matchbook prices, not Betfair, and any hedging goes to matchbook. Betfair comm at 2-5% is too high, and more bookies are seeing this .. so, I would expect Betfair to degrade.

Because the Matchbook place mkts are so weak, we stand all the place liabilities ourselves, with v little hedging.

The expenses (to operate on the week are about £5k), so, with an asset that only performs 5 days a yr, u have to generate a 'rental' return, and hope the asset increases in value, much like a west-end appartment, that u can only sub-let for 5 days a yr.

After 2 days, I am happy with the purchase, running above EV .. the bookie software now prints out, what u could have greened for, at the end of the meeting, and u can compare to your actual result.

I have pics, but they are iphone based etc.

[Naffman]

Just goes to show its almost as silly betting with betfair than other exchanges now, like when it was when people were betting with bookmakers rather than betfair 10 years ago!

You can almost get as much matched on Matchbook or Smarkets now and Betdaq closer to the start

Surely all bookies (like yourself) would like to save themselves 2%+ every hedge they make? If so liquidity should be well down

[Dallas]

Yesterday was worst PE Tue in over a decade, today it's the worst PE Wed of the decade except for 2010

At least the post time figures for Wed are back on par for WC years

Plse forgive my ignorance, but what does PE stand for in this context.

Sorry its Pre Event

[brimson25]

Shang Shang Shang looks a monster. Huge filly.

Been matched at 2.76

[Naffman]

Only 2 horses below 3/1 all day (both in GC) so liquidity could take a nosedive again

[SeaHorseRacing]

Shang Shang Shang looks a monster. Huge filly.

Been matched at 2.76

On the drift... what I find interesting is Wesley Ward practically tipped all of his runners except this one. We all know trainers stay quite with their fancy’s... hard to know what to make of the horse. But she looks a monster and seriously advanced as a 2 yo.

[Derek27]

Got caught out on this.

Charming Kid.jpg