Bet Angel Founder, Investor, Entrepreneur
It’s that day of the year that you either love or hate. The August bank holiday in the UK brings a whole bunch of racing, all on the same day. Then as we drift into the late afternoon, the US Open tennis gets underway. Not exactly a relaxing Bank Holiday!
Today there will be 483 runners over 51 races. This may seem like heaven for some, but it’s a nightmare for others. Quite a few races will attract little liquidity, …
I made a post on social media this week about an article that appeared in the Financial Times. I didn’t realise at the time of posting, that in the background there was a mention of a sizeable position then went through the market at Royal Ascot.
I only realised this, when people started questioning it shortly after the post. Asking how it was possible put £125k through a market?
Ordinary or extraordinary?
This wasn’t an ordinary market, though, this was Royal …
That’s it for another 4 years having been glued to my TV for last 16 days flicking from one sport to another next week I can begin to get back to some normality and trading – for the next few weeks at least!
As a big cycling fan it was great although no huge surprise to see the GB track cycling team perform so well at Rio 2016 and bring the largest haul of medals home – with the same …
Something snatched my curiosity many years ago about trading the evening racing during the summer.
Anomaly
It always seemed pretty anomalous to me, but I would always feel that I would do well on a Monday evening, But Tuesdays would often be terrible. The rest of the week would vary depending upon the type of races and courses where the evening racing was being held.
Closer examination showed that Windsor was producing consistently above average results. So I came up …
Now the football has started again, here is an insight into how I approach the whole season.
Off-season
During off season I am most active on research and new information for the next season. I gather a huge amount of data during the season and during the off-season I analyse it to take ideas forward to the next season. Same story this year.
I started analysing football matches in the 80’s, so I tend to focus on very specific problems …
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Book percentages
In an outright market than can only be one winner. That is why, if you add up all the odds and percentages, the market will settle on a book value of 100%. If you can lay above 100% then effectively your payout is only 100% but your profit will be anything above that.
If you …
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Key new features in this version
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The ‘fourth major’ starts today in the US and should provide some opportunities. That said, I temper my enthusiasm as the Golf season wears on as history has shown that I do worse at each major as the year progresses. I don’t know exactly why that is, but I suspect as form lines get stronger, opportunities weaken.
The US PGA at first tee last year turned over £5m.
Some of the stats I’ve used here have come from the excellent Golf Stats …
From a trading perspective I like multi day high quality meetings. They usually throw up some good opportunities and are a welcome addition to the month.
Goodwood
As you may know, these higher quality meetings produce extra volume and that can change the characteristics significantly. But don’t let Goodwood fool you into thinking it’s the same as a Royal Ascot or Cheltenham, it behaves very differently. Goodwood benefits from decent volume but it’s not as much as some major meetings. …
OK, for years the exchange mechanism has provided a very useful pricing mechanism. A careful aggregation of demand between people competing on a level playing field and it has provided a beautiful insight into the way free markets can work to mysteriously, accurately, price an event – in this case the prediction that something will win a sports event.
Changes
But we have been watching closely as the market has gradually decoupled from it’s long established core. What do we mean …