Wednesday, October 31, 2007

Cricket Trading:Facts

Hello everyone,
Good days because no international cricket around these days means beer,food and normal work.This is the last day of this month in which we seen international cricket all in sub-continent.Home sides (asian teams) Sri Lanka,India and Pakistan lost series to their opponents.Although only Pakistan played test series also.Sri Lanka v England one-day series result was not anticipated by many.
Anyway lets come to cricket trading facts which remained intact in all series are:
One day's>Market mood was to go with Australia,Lanka and Africa with their opponents which was India,England and Pakistan respectively and in those one-day's whenever these favourite teams comes to bat first there was very good free lay and trading opportunities mainly after good start or flying start.Don't know each match detail but from my memory Australia traded at 1.4x or 1.5x after good start (first ten overs) in atleast three matches and in middle of the innings (15 to 35 overs) they drifted to 2.5+
in all or two matches.Fact remains is that whenever short odds team bat first and having good start lay them in 1.3x-1.5x zone and then sit relax because these odds generally not shorten further.This is basic of my 1st innings trade which i called as 'Predict Target Odds' so always wait for these situations.For 2nd innings trade once again there was good free lays and trading opportunities when batting team odds reached to low zone specially in high or low score chase in day/night matches.Basically the biggest fact in cricket trading is that always try to find opportunity to oppose batting team in low odds which is obviously backing bowling team at value and than book profit in parts.Lay/back plan may be different according to situation but try to make them in advance in these situations like if it is only 1st or 2nd wicket is gone than back all on batting team and may consider some top-up for eg. lay in 1.2x then back all plus some more (20%) on 1.4x after initial couple of wickets.

Another big fact is never back batting team in short odds.In this you may earn in 80% but loss in 20% will be so heavy that it may be more than the profit in 80% matches.
Good bye for now.In next post i will take Test Cricket Trading facts.
All the best.

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