Skip to main content

ah Daytona, you've done it again!


Brilliant drive Jamie McMurray. Never in front until the last two laps.

Call me a redneck, but I do love the Daytona 500. With results like this, how could you not?

It's not the first time either, that's three years in a row for me, I blogged about it last year as well. Haven't had time to do much trading of late, glad I made the effort tonight :)

Low liquidity events with multiple chances work best for me. The event unravels slowly over a few hours (events of similar style include televised LPGA and Seniors events). Not many punters, and the ones who do get involved will take a reasonable price for small amounts, but still allowing to keep a decent over-round or margin. I laid 26 of the 38 selections and just kept on doing it throughout the race. So if keep your mind on the job, you can keep laying and laying without taking much risk. And speed of the pics here made no difference at all, I watched most of the race off a live stream which was probably 20secs behind.

But unfortunately, this is the only event of the year that has enough interest to bother trading, plus it's a restrictor-plate (speeds are limited as at full speed on such long straights, cars could lift off in bumped when in a straight line) race, meaning every car is in with a chance. On shorter tracks, that doesn't happen and there are less winning chances.

As a backer, this race was virtually impossible. Being able to use a betting exchange like Betfair made all the difference.
Labels:

Comments

  1. ToyTrader/rockaren16 February 2010 at 23:27

    Very interesting blog, will follow and would be nice if you add my blog to your blog list ;)

    ReplyDelete
  2. Scott17 February 2010 at 01:00

    Done - most people usually tell me the name of their site though to save me searching for it ;)

    ReplyDelete
  3. ToyTrader/rockaren17 February 2010 at 01:47

    Thanx Scott, sorry for that I knew you will see link when you click my nickname ;) You are a Pro m8 :)

    I love motorsports, most speedway but never traded such markets...great result, congrats and good luck in future

    cheers

    ReplyDelete

Post a Comment

Thanks for your comments, but if you're a spammer, you've just wasted your time - it won't get posted.

Popular posts from this blog

Spot-fixing - you will never, ever be able to stop it

According to this report , IPL tournaments so far have been rife with spot-fixing - that is fixing minor elements of the game - runs in a single over, number of wides bowled etc. The curious part of that article is that the Income Tax department are supposed to have found these crimes. What idiot would be stupid enough to put down 'big wad of cash handed to me by bookie' as a source of income? Backhanders for sportsmen, particularly in a celebrity- and cricket-obsessed culture like India are not rare. They could come from anything like turning up to open someone's new business (not a sponsor, but a 'friend of a friend' arrangement), to being a guest at some devoted fan's dinner party etc. The opportunities are always there, and there will always be people trying to become friends with players and their entourage - that is human nature. This form of match-fixing (and it's not really fixing a match, just a minor element of it) is very hard to prove, but also, ...
Post a Comment
Read more

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...
33 comments
Read more

It's all gone Pete Tong at Betfair!

The Christmas Hurdle from Leopardstown, a good Grade 2 race during the holiday period. But now it will go into history as the race which brought Betfair down. Over £21m at odds of 29 available on Voler La Vedette in-running - that's a potential liability of over £500m. You might think that's a bit suspicious, something's fishy, especially with the horse starting at a Betfair SP of 2.96. Well, this wasn't a horse being stopped by a jockey either - the bloody horse won! Look at what was matched at 29. Split that in half and multiply by 28 for the actual liability for the layer(s). (Matched amounts always shown as double the backers' stake, never counts the layers' risk). There's no way a Betfair client would have £600m+ in their account. Maybe £20 or even £50m from the massive syndicates who regard(ed) Betfair as safer than any bank, but not £600m. So the error has to be something technical. However, rumour has it, a helpdesk reply (not gospel, natur...
14 comments
Read more