Sunday, May 5, 2013

Who provides In Running liquidity?

Markets on Betfair In Running seem to go through distinct spells. There are the crazy price movement ones (a) where runners flying up and down in price constantly from the start of the race and then there are the markets (b) where the starting price is literally held until the very closing stages when the price either collapses to 1.01 or flies out to 1000. Those are the two extremes.

In my last update below you'll see that I had an extremely good Saturday a few weeks ago. That was an (a) day for sure, tons of liquidity In Running. The week that proceeded it was somewhere in between (a) and (b). and then last Saturday (27th April) the Markets just seemed to die, literally overnight. They didn't pick up again until the following Saturday. In those 7 days the liquidity was dire.

So the question is as in the title: Who provides the liquidity and why a couple of weeks into the start of summer racing did they decide to take a week off? I've had a feeling for some time that the majority of money matched In Running is that of a single person or bot or maybe at best a handful. If that is the case and that/those people decided to to do something else for kicks it would almost certainly spell the end of my time doing this for a living.