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Thread: Crazy moves in greyhound markets!

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  1. #1
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    Default Crazy moves in greyhound markets!

    Is there anyone who trades greyhound markets these days? What is going on in them? Some crazy bets coming in! Betfair graphs looking crazy, money matched at weird prices, for example there are markets where there is money matchet on 900 for all runners. prices go from 5 to 50, things like that! I just cant understand why it is happening, who has that much money to smash prices around like that and what is the benefit of that?.. Just wondering what some smarter traders maybe think!
    Cheers!

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    Some examples. this is what the charts look like for most markets
    bf58e4b7956161d2227c89ec9649c45&attachmentid=2442&d=1555094260" id="attachment2442" rel="Lightbox_138442" >Click image for larger version. 

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    Crazy moves like this happen all the time, price goes from over 15 to 3.5 in 1 minute!
    bf58e4b7956161d2227c89ec9649c45&attachmentid=2443&d=1555094551" id="attachment2443" rel="Lightbox_138442" >Click image for larger version. 

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    Looks pretty standard for a low liquidity bot infested market . The ones with sharper moves are those with less liquidity, the ones with most volume are quite stable (but only a couple minutes before the off).

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    How about this one from last night:
    bf58e4b7956161d2227c89ec9649c45&attachmentid=2444&d=1555336808" id="attachment2444" rel="Lightbox_138446" >Click image for larger version. 

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    Yeah some crazyness going on, just want to understand why! who is benefecting from it? just throwing in huge amounts of money at crazy places? Just saw 580 matched at 38 and 7000 matched at 2.0 on the same runner.. every market someone throwing in thousands. Often there is 2 matched at 900 on all runners! how can that be? Not complaining about it just can't understand why!

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    Quote Originally Posted by ironmexx View Post
    Yeah some crazyness going on, just want to understand why! who is benefecting from it? just throwing in huge amounts of money at crazy places? Just saw 580 matched at 38 and 7000 matched at 2.0 on the same runner.. every market someone throwing in thousands. Often there is 2 matched at 900 on all runners! how can that be? Not complaining about it just can't understand why!
    imo the high price stuff is usually either:
    - Human error
    - Bots misfiring or correctly firing but poorly designed
    - Intentional self-matching across accounts in an attempt to manipulate the market

    I was about in the mkts today trading the big £2k bets that were flying around. After a few mkts I felt it became a case of savvy traders opposing the £ and one individual just looking to gamble with big stakes.

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