As we head into June we come up against one of the biggest horse racing markets meetings of the year, Royal Ascot 2019 is upon us! It is one of the highest profile race meetings that you get outside of the Grand National.
Royal Ascot – Setting the scene
Royal Ascot is an absolutely huge meeting. It runs from Tuesday to Saturday and it’s packed full of top-class racing. Well know for the horse-drawn, royal procession, most of the races are carefully tagged Royal nomination, like the Diamond jubilee stakes. With the Queen watching on from the Royal Enclosure not only are we treated to high quality racing, it’s one of the key social events of the year.
Royal Ascot tickets for the grandstand, where you can enjoy Michelin stars standard fine dining, as well as a good view; are expensive and tough to come by. But fortunately, there are plenty of other options available outside of the grandstand and even on the heath that is enclosed inside the Ascot racecourse. Wherever you are though, the dress code will be very strict.
If you are not going to Ascot but want to experience the racecourse first hand. You may be interested to knwo that before and after Royal Ascot you can actually get access to the racecourse. Here is a video I did, which shows you how you can get access.
Betfair trading at Royal Ascot
There are plenty of ways to profit at Ascot. As you should know, my
I specialise by generating a profit before the race starts, often in the hundreds of pounds at Ascot. I do this by looking for price moves that the betting markets generate before the race starts and using this price movement, I buy and sell betting odds in a similar to day trading on financial markets. I use
The difference with me is that I trade sports markets, rather than traditional financial markets. Therefore I don’t trade on stock exchanges, or with traditional bookmakers, I trade on betting exchanges, typically the Betfair exchange. I will back and lay bets like a traditional gambler, but with the aim of getting a profit before the race has even started and regardless of who goes on to win. I’m a day trader on sports, in this case, horse racing!
I turn up to the races at Ascot about 30 minutes before the racing post time on a big race like the Gold Cup and look at the price action and try and fit that to a trading system. If I do that well the results can be very rewarding and I’m assured of a profit regardless of who goes on to win. If I don’t do so well I try and cut out for the smallest possible loss. It’s the best way to profit from Royal Ascot.
Here are some top tips for trading Royal Ascot: –
5. Put your focus into Ascot
When you get a big race meeting like Royal Ascot it’s worth spending a lot of time putting your focus into those races when trading on a betting exchange. Of course, there will be other racing going on around there but the volume and the interest in Royal Ascot will take a little bit of activity away from the other race meetings that are on, on that particular day.
The first time I ever really went for it at Royal Ascot was in 2006 and I thought I did pretty well back then. But, as the years have passed I’ve got more and more confident which means there are more things I can figure out that work in these types of markets. You do need to expect to get some good years and bad years depending upon how the markets behave. Some years can be pretty spectacular; when your focus is there, you get the right sort of markets and there are no interruptions then you can get some pretty spectacular totals. It is a key meeting for me and it’s something that I’m going to put a lot of focus into again, this year.
4. Volume arrives early
When you’re actively trading on Betfair at Royal Ascot, volume arrives very early so you tend to find that after the previous race is finished – people start betting on the next race. This is one of those markets that you can actually trade for an extended period of time.
One of the things you know at big race meetings is you get some very large turnover races and that can be a problem because the market gets very congested. What tends to happen is the volume arrives much earlier and it tends to crush a lot of the other races that are around it, so you need to be aware of them. In 2016 the biggest race turned over 3.6 million but it has been much higher – back in 2012 we had Frankel and Black Caviar running at very short odds, so the race with Frankel in it turned over about 6.5 million and the race with Black Caviar, which was a high profile feature race, actually turned over 12.5 million. However, be mindful that Ascot suffers the market can be pretty congested, so you may want to:
- Start a little bit earlier
- Adapt your style
- Perhaps move away from the favourite
Obviously, as I’ve said before in other blogs, I love those big races, there are many options that you’ve got in other ways of trading these particular races, if you want to avoid the big ones.
TOP TIP: The general rule of thumb is if it’s a feature race, turnover is going to be massive. There will be large unmatched bet amounts lurking all over the book and generally the shorter the price of the favourite the more money there will be in the market.
3. Watch out for jockey trainer gambles
Keep your eyes on the jockey and the trainers who win at Royal Ascot because if there’s a little sequence of events that occurs it could drive interest in the next race.
When you mention Royal Ascot everybody remembers that Frankie Dettori won 7/7 races here in one of the most unprecedented feats in horse-racing. Now that’s not going to happen this year (or I hope it isn’t now that I’ve said that) but typically what can happen is you get jockey-trainer gamble’s occurring at major meetings. The last time that this happened was at Royal Ascot in 2015 when Ryan Moore won a few races and that set off a huge gamble on all of the subsequent horses within that particular card. So, keep your eye out during Royal Ascot if this is going to happen again, if you get one or two winners and some of the unexpected, or maybe at a decent price with a certain jockey-trainer partnership then that could happen again.
2. The week starts with a bang!
Royal Ascot is unusual, in that the biggest races of the week tend to occur on the Tuesday. There are very good quality races for the remainder of the week but it’s the first day of the Ascot Festival that tends to start with a bang.
Over the last 10 years it’s turned over an average of about 65 million over the course of the meeting and the meeting runs from a Tuesday to a Saturday. Individual races probably turn over somewhere in the region of about 1.5 million and you get between about 12 to 15 million a day. Curiously, unlike other big race meetings, the Tuesday is actually one of the biggest days of the week. There is very high quality group racing throughout that week – absolutely huge meeting, huge turnover, very high quality racing one of the biggest race meetings of the year.
1. Peak years have a theme running through them
My top tip for Royal Ascot 2019 is: this is a non World Cup, non major football tournament year and as a consequence the turnover for Royal Ascot is expected to get a bit of a lift. Typically when we look at a meeting that occurs when there’s a major football tournament on, the turnover and the activity in the market takes a bit of a hit. However, in 2019 there is no major football tournament taking place and as a consequence we expect volumes at Royal Ascot 2019 to be up on previous year’s, so it deserves even more of your attention this year.