{"id":7811,"date":"2013-03-18T19:26:49","date_gmt":"2013-03-18T19:26:49","guid":{"rendered":"http:\/\/www.betangel.com\/blog_wp\/?p=7811"},"modified":"2013-04-05T11:31:20","modified_gmt":"2013-04-05T10:31:20","slug":"cheltenhamfrom-feast-to-famine","status":"publish","type":"post","link":"https:\/\/www.betfairtradingblog.com\/blog_wp\/2013\/03\/18\/cheltenhamfrom-feast-to-famine\/","title":{"rendered":"From feast to famine"},"content":{"rendered":"

That was a really nice finish to the Festival, I can therefore declare Cheltenham 2013 as a success. Now its back to the grindstone trying to sort the wheat from the chaff; I am findingb lost of chaff.<\/p>\n

Cheltenham went well and\u00a0it was\u00a0really nice to do that because you tend to measure yourself on prior years and hope you are still moving in the right direction. So it’s reassuring to know you can still do it and in a bit of style. On Friday I completed 29 races and got a clean sweep on the entire day across all races. I didn’t get much on the inbetween races it has to be said, but I did bag my biggest day of the week, the biggest race of the meeting and the most profitable to boot!<\/p>\n

It was a funny day though. I started the day well, see below, and built towards the feature race, the Gold Cup, with ever increasing results. I really went for it on the Gold Cup\u00a0and messed up. I just pushed too hard and killed any chance of a decent profit. I believe that if you don’t push it when it’s going well, you don’t stand a chance of an outstanding result. But you have to accept it can’t work everytime. I only tend to push things if I build an early profit, which\u00a0I can then afford to lose in pursuit of a bigger total. On this occasion I still made a profit, it was just very small. I couldn’t get it right and had to accept my penance.<\/p>\n

I recovered quickly though and smashed in some really big results before gently ending the day in almost exactly the same way I started<\/a>, see below. Over the week as a whole I only had one race at Cheltenham that I lost on and that was a paltry \u00a325. If it wasn’t for that I would have had a clean sweep on the week, which is a difficult ask by any standards. If you are interested in how I did this, I’ll be talking about it next Monday<\/a>.<\/p>\n

On the week, it looks like Betfair’s overall matched bet turnover was down 8-10%, I’ll have to wait for ‘Official’ figures. I’d say that was dissapointing as it delivers a total not radically different from five years ago. My activity was up, so I was more of the market, tut the overall decline in volume is frustrating.<\/p>\n

So for now I will reduce my account balances and go back into\u00a0normal trading and research mode. I’ll need to be content with squeaking out totals from the more ‘normal’ markets. After all that’s what makes up the majority of the year. Onwards and upwards!<\/p>\n

\"15-03-2013<\/a><\/p>\n

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That was a really nice finish to the Festival, I can therefore declare Cheltenham 2013 as a success. Now its back to the grindstone trying to sort the wheat from the chaff; I am findingb lost of chaff. Cheltenham went well and\u00a0it was\u00a0really nice to do that because you tend to measure yourself on prior […]<\/p>\n

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