Cheltenham Festival 2018

[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.

[SeaHorseRacing]

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

Little form... could be some big moves though for it later.

[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

I used to struggle with big markets, say used to been doing this only 3 years, but for anyone struggling. A profitable trader may trade differently but for me in a Cheltenham market. You cannot allow your position to go behind "generally" you should be scratching a swing position very quickly.

They tend to move one way or the other, I also wouldn't advise opening swing trades in the last few minutes as the actions pretty much gone and your never get that move.

With scalping and swing trading, I am out of the trades for 0 profit the second I see the money going and going the opposite direction. Wheras in a normal day to day race, if I am confident I would allow my position to happen even if it starts to move the other way and only close if I think something has changed.

[Euler]

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

First race tends to get abnormally high volume.

[Naffman]

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.

Love how their adverts say Betfair have had the best odds for the last decade on most races, problem is they don't mention that it's the exchange that has achieved that, they just want people betting on the sportsbook product that has just about the same odds as every other bookie.

Btw saw a vlog of someone betting at the festival and put a back bet on Kalishnikov (first race) at 11/4, that is exactly the reason why bookies (especially big firms) think that punters aren't price sensitive.

[Korattt]

Hi All,

I can't beleive I am the only person that hates cheltenham week,
groovy

I used to struggle with big markets, say used to been doing this only 3 years, but for anyone struggling. A profitable trader may trade differently but for me in a Cheltenham market. You cannot allow your position to go behind "generally" you should be scratching a swing position very quickly.

They tend to move one way or the other, I also wouldn't advise opening swing trades in the last few minutes as the actions pretty much gone and your never get that move.

With scalping and swing trading, I am out of the trades for 0 profit the second I see the money going and going the opposite direction. Wheras in a normal day to day race, if I am confident I would allow my position to happen even if it starts to move the other way and only close if I think something has changed.

can only echo that, only got involved in two Cheltenham markets yesterday & made 0.01p