Market Movers – Weight of Money at Big Festivals

 

 

 

 

 

⚖️ Weight of Money affecting big festival markets 📉

Above is a classic example from Ascot 2019 Festival, when Dettori had multiple wins, causing prices to HALVE from their true price

Video here ▶️ https://bit.ly/3eONnGc

🐴 Yesterday, Cheltenham Day 1 also provided a slight move – with a lot of money resting on CONCERTISTA.

💷 Bookies were SAVED many millions when it was beaten a HEAD into second by BLACK TEARS

Web article ▶️

Caan Berry markets movers/drifters article ▶️ http://bit.ly/2P694H2

 

What happened with Frankie Dettori’s horse price above?

On Thursday 20th June 2019: Frankie Dettori rode four consecutive winners at Royal Ascot.

Due to the “weight of money” – of accumulators and multiple bets placed by the many people who back Frankie multiples – Traders were quick to anticipate market movements – to jump onto Betfair and BACK Frankie’s further rides that day.

 

Below is a graph of Frankie’s FIFTH ride, displaying the impact that these [previous] consecutive four winners had on the markets!

 

As you can see … this horse touched over the odds of 23.5 at one point, the odds then decreased after each further race that Frankie Dettori won.

Note the exponential decline of odds, after the fourth winner!

 

Traders, including Peter Webb, were quick to “lump-on”, myself included – although I am no great Trader! But still profited nicely.

 

More on SWING Trading can be found here

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