{"id":11878,"date":"2016-05-04T17:02:23","date_gmt":"2016-05-04T16:02:23","guid":{"rendered":"http:\/\/www.betangel.com\/blog_wp\/?p=11878"},"modified":"2016-05-05T12:30:16","modified_gmt":"2016-05-05T11:30:16","slug":"chester-may-festival-3","status":"publish","type":"post","link":"https:\/\/www.betfairtradingblog.com\/blog_wp\/2016\/05\/04\/chester-may-festival-3\/","title":{"rendered":"Chester May Festival"},"content":{"rendered":"

Chester May festival starts today and it\u2019s a welcome addition to the card, but based upon previous years it\u2019s nothing amazing from a trading viewpoint.<\/span><\/p>\n

Obviously we all love some extra liquidity that the quality racing will bring, but it\u2019s never been a meeting that I\u2019ve got really good amounts from. By that I mean I\u2019m not banging in three figure results a race. Just the odd one or two a day. The thing to note about Chester is its draw bias, which is one of the more significant in the UK.\u00a0Last year we examined the draw bias in depth in a prior blog post<\/span><\/a>.<\/span><\/p>\n

When you get a strong draw bias it will radically affect the way a market trades in play. A favourite with a favourable bias should ‘hose up’. But with an unfavourable draw it will most likely have to work hard to turnover similar horses with a more favourable draw. This can lead to horses trading quite low in play, but still getting beaten as the favourite nips them near the finishing post.<\/span><\/p>\n

The reason the draw bias exists at places like Chester is because of the tight nature of the course, it’s very ‘curvy’. Compare this to a straight course when the horse\u00a0doesn’t need to be steered around the corner or run extra distance compared to somebody that is holding a favourable position on the rails. It can make a huge difference.<\/span><\/p>\n

You should check out Bet Angel’s ‘inplay trader’<\/span><\/a> it’s a very useful tool for trading in running. The way odds are presented visually will allow you to take advantage of a late running horse or a weakening favourite. You can see the market adjusting it’s view some way out and with the click of a mouse you can click in front of the horse to back it or behind to lay it. It’s a neat way to trade this fast moving markets.<\/span><\/p>\n

Good luck at Chester.<\/span><\/p>\n

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Chester May festival starts today and it\u2019s a welcome addition to the card, but based upon previous years it\u2019s nothing amazing from a trading viewpoint. Obviously we all love some extra liquidity that the quality racing will bring, but it\u2019s never been a meeting that I\u2019ve got really good amounts from. By that I mean […]<\/p>\n

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