19th July 2014, 01:29 PM
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Member
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Join Date: Jan 1970
Posts: 4,366
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I though about this last night, it could be true NOW.
A lot of people have either run out of money or gone elsewhere for a better deal. A lot of very serious traders have left.
In a comparison Betfair drew an enormous crowd in it's first five years of operation, then people realised that after paying commission, they were better off using other products on well backed runners. Then they introduced the Premium Charge and most of the joy went out of it. Then they introduced levies on Australian racing and liquidity dropped.
So what's left are the handful who have really good strategies, that are still in profit and the opposing losers. The rest could be made up of new blood.
But gone are the days when huge amounts were traded on average horse races.
However, not to be negative, there are still some very good opportunities to be had for both backers or layers, if you know where to look.
I still think 25% is a fanciful figure.
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