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!
Some examples. this is what the charts look like for most markets
Crazy moves like this happen all the time, price goes from over 15 to 3.5 in 1 minute!
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).
| The Following User Says Thank You to RManPT For This Useful Post: | ||
valve (13th April 2019)
| ||
How about this one from last night:
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
imo the high price stuff is usually either:Originally Posted by ironmexx
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
- 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.
Things quietened down at 4:15pm GMT and have stayed that way up til now
Those big spikes i kind of understand, they happen often. but in 5 years trading i can't remember seeing something like this regulary. Would be nice to catch it on the back side
I wouldn't give it too much weight because it all took place in the early market.
Probably self-match across accounts but if not then you can't expect yourself to watch all the markets for this activity.
Best you can do is set yourself up to get an alert when it happens but even then how do you know what the price is in the early market and what would your strategy be? ... hope to get matched on both sides AFTER the first 2 bets already happened? Plus only the back side was profitable there with the lay side losing a lot of £ if they traded out at the post. It's easy to aftertime but you have to ask yourself the question is it really worth the effort. For me that's a definite no.
Are you trading GH markets every day ironmexx? What else do you trade?
More today
Just trying to maybe find a way to exploit it! Havent looked at the markets early in the morning, maybe could place orders around big prices, maybe get matched on some! It could probably be done with some automation.
yeah i mostly trade greyhounds daily and also UK horse racing!
That's aweomse man I'll drop you a PM now.
No money at Hove today
Some juicy stakes around right now
https://i.imgur.com/Ud6BKZM.png
They were testing their bots.
| The Following User Says Thank You to acg For This Useful Post: | ||
ironmexx (2nd May 2019)
| ||
Friday eve's are usually best for liquidity on Dogs, im sure ACG will agree
Hope you're well.
Edges are ten-a-penny, execution is everything
Read My FULL-TIME Racing Traders Blog Here!!
T F YouTube
Yeah I saw some markets with £90k matched, crazy.
yeah some good liquidity on some markets in the evening!
Yes Caan i agree. Only thing that changed is betting style. If you are a serious punter you can match much more money at better odds because betfair bots are backing or laying against you.
| The Following User Says Thank You to acg For This Useful Post: | ||
Bog (12th June 2019)
| ||
Dogs markets gone crazy during lockdown.... @acg are you still trading it?
Posting Permissions
Talented Mavericks Limited
26 Buttercup Close
Corby
Northants
England
NN18 8LB
UK Company # 04872848
UK VAT # 887366268
Reply With Quote