Australian racing

[Derek27]

Same here. False start for the 6:30 at Werribee and I've got a negative balance. I suspect offset liability has been removed so all your lay bets appear to have a liability even though you've closed the trades.

[mcgoo]

How do UK traders sleep at night - with markets like these down under!

It's trading heaven, where bets get matched at whatever price you ask for.
04-25 Randwick.PNG

And yet I still suck at it despite it being in my timezone!’

Ditto mate .Suck level has slowly improved from a -5 to a -3 so I take comfort in that Derek (among others) particularly inspires

[Derek27]

How do UK traders sleep at night - with markets like these down under!

It's trading heaven, where bets get matched at whatever price you ask for.
04-25 Randwick.PNG

And yet I still suck at it despite it being in my timezone!’

Ditto mate .Suck level has slowly improved from a -5 to a -3 so I take comfort in that Derek (among others) particularly inspires

When you see a market like the one in the graphic above, just place small bets on both ends of the spread and you have a good chance of getting them both matched.

You won't make much, but I take the view that if you pick up a fiver on the street, you can't really complain that it's not a tenner.

[mcgoo]

And yet I still suck at it despite it being in my timezone!’

Ditto mate .Suck level has slowly improved from a -5 to a -3 so I take comfort in that Derek (among others) particularly inspires

When you see a market like the one in the graphic above, just place small bets on both ends of the spread and you have a good chance of getting them both matched.

You won't make much, but I take the view that if you pick up a fiver on the street, you can't really complain that it's not a tenner.

Thanks Derek.Will give it a whirl

[Wildly]

Someone just dropped an AUD 50k bet on fave Monkey Magic at Cranbourne R7 a couple of minutes before the off.
Market volume prior was 50k. Price around 2.16, bet at 2.00.
??
Finished fast for third.

[Wildly]

Someone just dropped an AUD 50k bet on fave Monkey Magic at Cranbourne R7 a couple of minutes before the off.
Market volume prior was 50k. Price around 2.16, bet at 2.00.
??
Finished fast for third.

Became a bit busy to take a graph but this gives some of the picture.

[gazuty]

Someone just dropped an AUD 50k bet on fave Monkey Magic at Cranbourne R7 a couple of minutes before the off.
Market volume prior was 50k. Price around 2.16, bet at 2.00.
??
Finished fast for third.

Laying off.

[Cards37]

Lets see some green Derek, I know you up still up trading !

[Derek27]

100% record so far but I'm not making much, it's not as straight-forward as usual.

Trying to keep my stakes down at Randwick and Caulfield isn't a big meeting so the turnover's lower than usual.

[Cards37]

Turnover definitely down today. No Winx at Randwick!

[Derek27]

Are you still able to trade NSW courses, I recall you got the dreaded email from Betfair?

[Cards37]

I can still trade them, I just got the warning that I had exceeded the turnover threshold and they gave me my one free week warning.

There needs to be a penitence thread, I just went in-play at Morphetville. Forgive me trading gods for I have sinned, I will say twenty Hail Eulers and promise not to do it again (until next time).

[Derek27]

I can still trade them, I just got the warning that I had exceeded the turnover threshold and they gave me my one free week warning.

There needs to be a penitence thread, I just went in-play at Morphetville. Forgive me trading gods for I have sinned, I will say twenty Hail Eulers and promise not to do it again (until next time).

You're in the same boat as me then. Apparently, if you continue to trade NSW tracks but stay within the restrictions so you don't pay turnover charge but cost Betfair a lot of money, you get another email telling you to stop altogether!

I'm trying to keep my turnover down and avoiding short priced favourites but I reckon the NSW turnover charge that Betfair have to pay (1-3%) will be greater than my profits. So I think it's a matter of time before they stop me altogether.

[Naffman]

Struggling to get any momentum today

[Derek27]

Struggling to get any momentum today

Do you trade all night or are you an early riser?