Bet Angel Founder, Investor, Entrepreneur
The races
Since 1868 Laytown has hosted the annual race meeting like no other. With no formal race course to host the equine competitors, these horses are raced on the beach. Laytown catches the attention of wide range of racing and non-racing goers each year.
Quite a few years ago I was captivated by the sight of horses running on the beach. It just seemed a bit different and interesting. So I set my sights on visiting this very unique …
Today we have a meeting at Salisbury, that’s not unusual at this time of year. But this meeting has some significance for all traders.
Why it’s an important race
Way back in 2003 Betfair published information on a specific race. Betfair went full disclosure on the race. It listed all the market participants what they did, how much they did, how many accounts were active overall and similar information.
On seeing this publication I just realised that it gave me …
Summer racing isn’t over quite yet and today kicks of the Ebor meeting at York. I’ve traditionally done OK at this festival each year so I am looking for something above average this week.
The Ebor meeting can yield some good results, but nothing is ever guaranteed and this meeting can be a bit random at times so it’s probably not going to be all plain sailing. It should be better than what we have been seeing recently though.
Traditionally, …
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 …
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 …
Bank holidays can be a bit of mare. Four billion horses, racing over a thousand meetings. OK, A slight exaggeration there, but you get the picture. Too much racing, too many courses, not enough quality and everything falling over itself.
But today that actually isn’t the case and generally isn’t on this holiday. We have a lot of runners and they are spread many races, but the card is lined up well. That means, even allowing for later starts, it’s unlikely that …
It’s one of a handful of manic trading sessions you see during the year today.
There are 620 runners on the card today and 54 races. Sounds like heaven, but it can be hell. The markets are just often not strong enough to do anything with. You often get a lot of donkeys out and therefore you end up with some competitive handicaps at the lower end of the scale, but little money and little time to trade them.
If …
We have now started the evening racing in earnest and it won’t stop till the end of August. So you have four months to make hay while the sun shines, not forgetting we are in the England, so it won’t shine much.
However, there are at least four different states that you see in racing during this period.
(1) Afternoon racing
This tends to me higher quality than the evening racing and will therefore trade differently.
(2) Evening racing
There is …