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Much or most of the movement on many horses is traders trading in the direction of the movement (which is why it often comes back so quickly). Where there are a lot of traders and low liquidity the price moves a lot, on the bigger races with high liquidity the traders don't manage to move it much.

Thats what we were discussing Kayak.

Have any of the new financial markets taken off yet? Haven't drifted into them recently as the liquidity was so poor.

kayak

the big races, such as aintree, have very high liquidity (not low as you say) hence it takes a lot more than a few traders to move a market - there is often 10k+ on each side of the book on the favourite

sorry, meant high, have amended.

Fundy, Had a few quid laying Newcastle but didn't come off. Pretty close though, I think Sporting deserved a goal. Especially looking at the stats.

Scrip

thank you for your money lol

i was backing newcastle from 1.4 - to me sporting never created a clear cut chance in the last half hour - all the good chances were newcastles

scrip

you around in the morning - got caught up with planners hence couldnt call

Dont you just love it sometimes - just turned over to watch the golf having laid woods - the first shot he plays that i see is him putting for eagle - he putts it off the green and into the water lol!!!!!

I'll be on the train into London from 9am so you can call on my mobile if you wish.

Re: Golf, saw that. Believe it or not when I started all this laying and backing business Woods was often 2-1 to win any major. I laid him nearly all the time it was a great profit centre. Harrington is playing well at the moment.

Scrip

i spent most of last 18 mths laying woods - i remember laying him at as short as 5/4 (2.2). saying that was happy to lay at less than 5-1 for this tournament. will try and call you in the morning

Afternoon all

off to a cracking start - traded the first race at aintree well and then let all the profit run on like a butterfly at 8.6 - greened up at 1.4 though could have let it run

Have made an interesting trade on Moscow Flyer - has never lost if it has finished and this looks a lot weaker than the cheltenham race. Have backed at 1.41 and layed the place for the same amount at 1.22. Effectively an even money bet that it will win vs not finish second - any other result is break even

Hi Steve, not been around much lately. Hoping for a couple of good days on the races. Might be a bit rusty though.

Southwell

racing to be delayed by approx 30 mins due to one of the two required doctors being stuck in traffic

Cocks things up somewhat!

Interesting race at lingfield:

1.4 favourite
3.8 second favourite
32.0 the winner lol

southwell first race about to go off

Moscow Flyer - pure class - and a steal at 1.5 lol

Indeed it is.

John

i was amazed the bookies wanted to lay him - they must be taking a real hiding at this meeting now - always nice to see

Traders day attendee's saw the race live today. Shame I missed it and 3.5m traded as well!