Daily Result: £118.65
Good to get the first green on board for the competition following my loss on the opening day. Got involved in two matches today. Mainly the Canada v Kenya game though I did manage to sneak some 1.01 Australia against Scotland in the end. :-)
The Canada v Kenya match was pretty interesting. Despite already saying I had it down as a clear kenya win the 1.23 before the start, with Canada batting first, seemed a little short so my opening play was a lay of Kenya after a few wicketless overs. After those few slow overs to start Canada actually got off to a good start and were 40/0 after 10. Wickets did start to fall, but the run rate also increase up until around the 15/16th over and the Kenyan price got as far as 1.6x.
At which point the Kenyan's bought on a spinner in a Power Play which naturally meant only two fielders outside the circle. A brave move I thought, despite his historical econimical figures. But a great move too as it turned out. The Kenyan spinners totally strangled the game, took care of 30 overs and ensured Canada didn't reach 200. OK, the quality of the match might not have been top notch but in the context it was a brilliant display of containing, wicket taking spin.
Which all left Kenya needing exactly 200 from 50 overs. The price at 1.32 was so tempting, just asking to be smashed into, but my approach was more cautious. Any team can collapse, my knowledge of Kenyan batting isn't the best and do I really want to risk too much on Kenya?
As it happens a successful chase was never really in doubt once the Kenyan's got going. The run rate was never going to be a problem and the Canadians were gifting wides all over the place. Eventually took the plunge and went from all green to moderate green Kenya, largish red Canada, a position I inteded to hold and add to as the game was played out to a Kenyan win.
However, nothing is ever that simple and my crawling into bed past 5am the previous night started to take it's toll. When the second Kenyan wicket fell I decided I was too tired to continue and needed a break. (I'm so lightweight in my old age these days gusts of wind concern me!)Kenya were well on their way but I levelled off a little, ultimately costing me around £90 on a Kenyan victory, and went for a drink and some fresh air. Got involved again a little later in the match but nothing too heavy. More of a watching brief really and was catching some of the Murray match too.
Anyway, despite not quite being able to last the pace I'm pleased to get a couple of wins under my belt and hope to bag a few more going forward. Tomorrow's Bermuda v Sri Lanka match will be all about the subsidiary markets again but the Ireland v Zimbabwe game on Sky interactive is the one to trade for me. Today's liquidity on the interactive game (Kenya) wasn't great but was enough for me. Especially as I started off in blocks of just £250. Hoping there's similar money around tomorrow.
Finally, just a thought on England's match on Friday. Sure, we didn't exactly see any real quicks in the Kenyan match today. And England's bowlers will get more out of the pitch. But we did see what spin can do. Whether Fletcher persists in picking Dalrymple before Monty or not surely Monty gets a game against New Zealand in a second spinner spot? Can certainly see New Zealand going for both Vettori and Patel.
2 comments:
Hi!
Just want to leave some words in here.
At first: respect for your success in trading and keeping up this very entertaining and informative blog. I read it from the beginning (just skipped some entries about cricket, because it is not very well known over here) and it made some boring hours of work more interesting ;). And of course all the best for the upcoming wedding!
Secondly, I just want to inform you that it seems as if we (I talk about us in Germany) have to face what you mentioned in another entry - politicians are planning to forbid any kind of internet gambling for at least 4 years. Dunno whether you notice this debate on your island ;). This could even influence the liquidity on football or tennis markets. It is not sure, but everything goes in this direction. But if our politicians would be honest for at leat one time, they would admit that nobody of them knows how all this should look like. How do they prevent that Germans are betting at companies from abroad?
Hm, have to wait and drink tea (that's what you English guys know well, right? ;) ).
Keep up your excellent blog!
Hi Martin,
Thanks for your kind thoughts.
As for the impending German ban on internet gambling it's something I'm very much aware of. I affiliate market for a lot of poker / casino and bookmaker sites and it's an issue I always like to keep on top off. I think the effective US ban last year had been pretty obvious since Google was pressurised into banning PPC gaming ads in April 2004. The German situation is strange though. Rather than follow the US lead and come up with an excuse to protect existing monopolies they're quite open about why the ban is being introduced.
The background to the ban is quite interesting. I'm sure you know more about it than me but as I recall it was one state (right word?) that licenced all the operators and this was the result of some quick "neogtiations" just before the reunification? I gues ban or no ban anyone in Germany who wants to continue betting online will be able to with a little application, just as Aussies can bet in running if they really want to and US citizens can play poker etc. The goverment can't stop it, but can limit it to the benefit of state lotteries etc and unfortunately it appears this is what's going to happen. Ultimately liquidity on exchanges will suffer as you say though as most don't make the effort to get around it. I doubt the difference to liquidity will be that obvious though. In the meantime German punters suffer.
Right, going to go and get that cup of tea before this Ireland Zimbabwe cricket match! :-)
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