Saturday, September 1, 2007

Lay 1.04 Odds And Results

Yesterday P/L -£28
It is bad to end month with a loss but overall month of august was great for our free lays and trading opportunities and we are in good profit (touchwood).
Loss in yesterday pro40 match in 2nd inning was because Sussex openers bat well and there was not much scope left for bowlers as target was low.
In the last post i mentioned that in a low chase we should try to enter when atleast 3 wickets down.But it is also true that when you lay bat team early in 1.04 there are chances in 7 out of 10 that odds will drift to 1.10 and if you do it constantly you are in profit for example:
(assuming lay 1.04 for 1000=40 in each and bat team won in all)
1) 7x40=280 profit if back 800 on 1.10 if odds drift
2) 3x22=66 loss if you back 900 on 1.02 if odds shorten
Result:280-66 =+214
Overall we are in profit even if odds drift in 50% matches and if there any flipflop atleast in one match than this figure become more.
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Please send comments.I will post my monthly and overall P/L since start of blog as early as possible with analysis of matches in which we involved in brief.
Good luck to all in new month.

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