Betfair Exchange Markets – 2021 Spring Carnival

Spring 2020

Last year saw a whopping 42,456 markets settled across all racing codes between Memsie Stakes Day and Stakes Day. This was a 37% year-on-year increase due to the addition of Head to Head, Greyhound Exactas and 4 To Be Placed markets.

Across the Spring, our Market Operations team settled markets with 100% accuracy across all feature thoroughbred meetings, whilst also achieving an average settlement speed of just 17 seconds.

The Top 5 meetings for traded volume were as follows:

1. Melbourne Cup Day, $20.5M
2. Caulfield Cup Day, $18.4M
3. Derby Day, $17.4M
4. Cox Plate Day, $15.4M
5. Caulfield Guineas Day, $13.9M

Go where the value is. Your Edge. Your Way.

Antepost Markets

Our Antepost offering has again increased, with 34 Antepost markets across VIC, NSW, and WA. This number is up from the 24 Antepost markets offered last year.

The below outlines our process for an Antepost market:

• Antepost markets are suspended with necessary admin undertaken at all nomination and acceptance stages.
• At Final Acceptances, they are suspended and never reopened again after that point.
• At this point, we will endeavor to get a final fields market up for the race as soon as possible.

Extra markets

This year’s Carnival will see the addition of Exacta and Quinella markets across all major Victorian race meetings, as well as running across Wednesday metro and Friday night Moonee Valley meetings.

In terms of 4 To Be Placed markets, this year’s Carnival will see 183 races carry this market type, up from 63 races across last year’s Carnival. Along with Head to Head markets, this year’s offering shapes to be our most expansive yet.

Some more detail on each market type is given below:

Head to Heads – Our H2H (AvB) offering will continue to be offered in line with our standard offering. Although, during Spring Carnival, the following additions will be made:

• All non-NSW Group 1 races will feature 2 x H2H markets.
• Any NSW Group 1 race will feature 1 x H2H market.

4TBP – These markets have played a huge part in our offering in recent years and will continue to be offered on all major Victorian metropolitan race meetings during the Spring Carnival. There will also be other ad-hoc Group Races on other race days where this market type will be offered.

Exactas/Quinellas – This is a new addition to the offering that has been introduced. We will continue to offer these markets on all major Victorian metropolitan race meetings throughout the Spring Carnival.

Market activation timelines

*This table is a guide and may be subject to change.