So after two nights of Betfair SP, what do people think? Had a play last night and liked it. How easy is it to trade now

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

I have no idea, because it's a lottery what the SP price will be.
I can't trade because I don't know which way the price will go and can't hedge because I don't know what the profit or loss will be ???

Am I missing something....I think I am

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Chrome

It might have just been me last night, but if you choose the SP option that shows the NEAR and FAR(i think) SP prices, and place a lay on the Near price, then a back at the FAR price and selected to keep the bet alive in running, I got matched EVERY TIME. Lay at 4, Back at 20. Lay at 5, Back at 9. It didn't really matter. It was as if somebody was telling you what was going to happen. Closer to the jump the prices seemed to converge and were less useful.

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

Thanks Angry Pixie,

I know very little about it, as I've been hesitant to dip my toe into something so new.
From what you've written,it would be possible to back and lay the entire field for profit without the worry of fluctuations, but I suspect there will be loopholes closed once people get comfortable with it and identify opprtunities.

For myself, I've gone back to my old hunting ground of backing and laying the entire field for a profit. There is less risk and less bank required than trading and hedging and far less fluctuations in returns than backing or laying straight out.

What's interesting for me, is that the very high liquidity races I eek out around 2% profit, but on US races with very thin liquidity, I'm able to get 20% to 30% returns early.

It's great to have layed three quarters of the field and already be in profit, even if the other bets don't get matched.

__________________
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Now with over 409,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/10/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

Chrome, great to hear the old angles still work

I suspect you're right and the loopholes will close. I only had a very small go last night as sleep was more important. But again every BACK was matched in running.

CHEL 2345 Ornais (L3.3 B4.9)
STHL 2355 Two Acres (L4.2 B6.4)
CHEL 0020 Ofarel DAiry (L6.4 B9.8)

__________________
Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

Are we able to bet in running with SP?

__________________
RaceCensus - powerful system testing software.
Now with over 409,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/10/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

Not in running, but you can elect that your bet is not cancelled at the jump. Effectively making it an in running bet. It's a huge leap forward. Hope it's not a mistake

It's actually nothing to do with the SP bit, but the change in the user interface.

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

It's a real shame that the "upgraded" screens are a huge backward step. Now full of bells and whistles that do nothing but get in the way. The site is now slower and jumps every time a bet is matched. Things that used to be 1 or 2 clicks are now 2,3 or 4 clicks away, and when you are a busy trader, each second adds up. I will be massively reducing my turnover until it's fixed............and knowing BF's (now) monopolistic attitude to their customers, that will be never.

Thankyou Angry Pixie, this information is absolutely HUGE for me.
I've been chomping at the bit to get a slice of the very lucrative in running market.
I see huge areas for profit.

I've seen markets where three or four horses will trade at $1.50 or shorter in running, yet only one can win

I would say that almost every race at least two horses will trade at $1.50 or less.

You cannot lose.

O.K. not every race, but there are enough to make good money.

__________________
RaceCensus - powerful system testing software.
Now with over 409,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/10/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

Where did I hear those fateful words before!?
Just joshing.
Good luck