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My Settings NEW.mp4 I love Betfair graphs and I often use them to view the overall trend of the market. Auto Refresh > 10 Seconds (1:38) – Since I often view the Betfair graph to gauge the overall trend of the market, I want it to be up to date. Inverse Axis – This will display the graph in terms of the % chance of winning. I’ve never used this. < PREV | HOME | NEXT >
I’ve mentioned collecting & analysing Betfair charts in the previous chapter. It’s good to point out how they work and what’s the theory behind them in order to fully understand them. In essence – Betfair charts display entire trading history in a small JPG file, which is updated every 10 or 30 seconds (depending on your settings in Geeks Toy). When the entire history is in the charts, it means there’s a lot of condensed data because every trade on a particular horse has to be displayed. To be more specific – let’s say there are 500 trades in the first 20 hours of trading and 10,000 trades in the last 2 hours of trading. It means the first 20 hours will take a very tiny part of the graph compared to the last 2 hours of trading. Maybe common logic would say if there is 20 hours vs. 2 hours, the 20-hour part of the graph should be 10 times bigger than the 2-hour part of the graph. Wrong! The proportion of information in the graph is the other way around. It’s not based on time but on the number of transactions. So it’s 500 vs. 10,000, which means the first 20 hours of trading will have only 1/20 of the information in the graph (10,000 / 500 = 20). The rest of the graph will represent the last 2 hours of trading. Example: The blue part represents the first 20 hours, the red part the last 2 hours It’s obvious most money arrives in the market during the last few minutes of trading. It arrives in the last 10 minutes before the start of the race. Within these 10 minutes, the last 5 minutes are the busiest period with the highest volumes traded. So the last 5 minutes usually represent a big portion of the graph compared to the entire trade. Videos: Betfair Graph ↓ < PREV | HOME | NEXT >
Betfair graph (VOICE & END).mp4 Description: I’ve recorded exactly 2.5 minutes (150 seconds) of the Betfair graph and time lapsed it to run three times faster. In other words, 50 seconds of the YouTube video represents 150 seconds of real time. There was still about 2.5 minutes remaining until the official start of the race but the recorded part represents about half of the Betfair graph. This is an example of how you should read a Betfair graph – most transactions arrive to the market before the official start and the Betfair graph records every transaction. Therefore, this very short time frame usually takes up the biggest part on the graph. Back to Betfair Graphs ↑ < PREV | HOME | NEXT >