Hello
T
tony spencer , I use this Racing Price Monitor and set the times at 10.00am T6 to 11.15 am . With your experience what times would you use to capture any Market Signals ? Can never quite make my mind !! bearing in mind i use this to help with my Placepot selections . A lot of chat suggests the Market is at its most informative minutes before the off after Paddock Inspections and the movement down to the start ?
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Simon
Good question. Personally I wouldn’t concentrate all six readings between 10:00 and 11:15 because I think you’re then looking at a fairly narrow part of the market.
I tend to think of the market in
three stages.
The night before / early morning gives me the starting point. I’m interested in where a horse was originally priced and, particularly, how that compares with my trainer ranking and my own view of the race.
Then I like another reading around
8:00–10:00am. By then there is usually enough bookmaker activity to start seeing genuine direction rather than just prices being copied around. I’m particularly interested in horses that have moved consistently rather than one isolated price change.
The final stage is much nearer the race. Somewhere around
30 minutes, 10 minutes and 5 minutes before the off becomes increasingly informative because liquidity is much greater and you start getting the influence of paddock observations, connections, serious exchange money and eventually the move to the start.
The complication with a
Placepot is that you obviously have to make the bet before the first leg. So the really late market in races later on the card can’t help you when constructing the ticket. For that purpose I would probably put more emphasis on the
overnight → 8am → 10am/late morning movement, with the last 20–30 minutes before the first leg being useful for a final check.
One thing I’ve been doing quite a bit of is combining the price movement with
trainer behaviour rather than treating every shortening horse the same.
For example, if one of my highly ranked trainers is strong in the market from the night before into the morning, that can provide useful confirmation. Equally interesting are horses ranked lower by my trainer work that suddenly receive sustained support — those are often the ones I want to look at again because the market may know something my historical model doesn’t.
The opposite applies as well. A highly ranked trainer whose horse drifts isn’t automatically a negative, but if the drift is persistent while comparable horses are being supported it is something I want to understand.
I also think
matched volume matters enormously. A move from 10.0 to 8.0 when virtually nothing has been matched is not the same signal as the same move when the market has properly formed. That is why I would be careful about treating every early percentage change equally.
If I only had six snapshots available and wanted them primarily for Placepot purposes, I’d probably experiment with something roughly like:
Night before → 8am → 10am → around 60 mins before first leg → 30 mins → 10 mins before first leg.
For straight win betting on an individual race I’d change the final three to something more like
30m → 10m → 5m/2m, because I agree that the market becomes increasingly informative close to the off.
I’m actually doing quite a bit of work at the moment comparing
trainer rank, my price the night before, morning bookmaker prices and subsequent movement. I think the interesting bit isn't simply “has it shortened?” but
when did it shorten, how much liquidity was involved, and is that behaviour unusual for that trainer?
That last part is where I think there is potentially far more information than simply looking for green or red on a price monitor.