Thursday, 26 March 2015

Wednesday Early Bets

Todays Dutch bets



Have booked the 19;15 Kempton race yesterday as a Loss. Keep the record to worst case scenario.
It was one of those occasions when everything went wrong!

The Early bet was posted for a 4 runner Dutch frame.
There were two subsequent events.
A pre-race gamble switched another runner(Aussie Andre) into the 4th market slot.
Second the altered shape of the market, through the betting patterns before ATO triggered the No Bet filters. (Although there was a gamble, overall Book Value on the Dutch Frame dropped to 84.5% i.e. the money flow was Out of the Dutch Frame and the filters were right)

So finally it was a No Bet situation. 

If anyone covered the original bet and did nothing? The original 4th in market 'Process'  won the race after drifting way out to 15.26 bfSP.
The backed horse 'Aussie Andre' came in 2nd at 8.75 bfSP beaten by the drifter.

All the results I take at the ATO position regarding the runners included in the Dutch frame, as I always follow the market and adjust any Early bets to match the final position. Also this way all the results can be checked against published returns. 
Anyone following should check and do the same, although on this occasion - Ouch!

Its not frequent but is an exposure created by taking the Early bets.
With early bets we have to accept:-
  • Late Non-runners
  • Unexpected price moves

Check and adjust for them , if in doubt, best to trade the whole bet out, theres plenty more. 



Three Early Bets 


  • Update @17;30 for  the 1 Chelm race




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