Thursday, July 06, 2006

Tennis and cricket trading

Daily Result: £75.95

Well, I accepted yesterday's loss but am more annoyed with this one simply because I made a pretty basic error.

Started out with the Mauresmo v Sharapova match. Hard work. I don't care what people say Mauresmo has problems when the winning line comes into sight. And it's not just at the French. Today she managed to lose the second set from 4-1 up and on serve. And nearly did the same in the final set from 4-0 up and on serve. Which all proved rather frustrating for me to trade and I ended up making less than a fiver having to bail from short priced backs when she should have been mopping the game up.

Not going to bet outright on the final but honestly wouldn't even consider Mauresmo at the 2.92 she currently is on Betfair. May make a fair trade yes but as an outright punt I'd leave it. Just can't trust her to close a game out with any authority whatsoever. (Just watch her walk it now!!)

Turned to the Essex v Middlesex match in the evening and contrived to turn a £130 all green into nearly and £80 loss. Couple of losing trades accounted for some of it but ultimately the costly mistake was thinking a six had been hit when in reality the batsmen had been caught out on the boundary!

I managed to get my £500 at 1.37 matched and was rather chuffed - only to see the maket rocket out to 1.6x a split second later. Doh!! Did show something interesting though and that was that I was the fastest into the market. By that I mean I managed to get my 1.37 back into the market before anyone laying managed to get their 1.6x lays into the market. Guess it shows the absolute value of the one click trading software I use. But is also a lesson in being careful with it!

Anyway, that's two losing days in a row. Never gone more than that since starting the blog so keeping my fingers crossed for tomorrow. Will skip the Federer match (has there ever been a shorter priced semi final favourite?) and probably concentrate on the Nadal game and the Lancashire v Yorkshire 20/20 match. That should be a cracker.


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2 comments:

Anonymous said...

Bad luck mate. I'm having a mare of my own trying to trade the mens doubles. I suppose you should never try and pump money into 1.2s when only one set down.

trading from a big green is always better than trading from a small loss!

The Betfair Trader said...

Cheers mate. Way I look at it is you're not going to win every time. So some losses are inevitable. Just have to keep control and keep the level to something you're comfortable with.

Hope you managed to dig yourself out of the doubles whole. Only done one doubles match myself since I started the blog and that was when I fancied Ljubicic and Karlovic to give the Bryan brothers a tough time in the World Team cup simply because of their combined service power.