Wednesday, November 21, 2007

Green Effect:Maximize Your Profit

Last Week P/L +£764.1
Monthly P/L +£1118.9
Traded on 3 matches last week:
1.India v Pakistan,5th ODI +£460.7
2.Australia v Sri Lanka 2nd Test +£74.8
3.South Africa v Newzealand,2nd Test +£228.5
Hello friends.
First same boring thing again which is to post P/L but because Mark Everson advised it to post it regular on weekly/monthly basis,so that those who wants to follow plans in this blog feel more comfortable.Fully agree with Mark advise thus posting it again today although always feels boring specially when most of my trading is live or inplay.
Due to my illness from last 10-12 days.I'm restricted to home which means full time for trading but for selected period as i feel exhausted after little work.
I prepared this post also in many parts before posting in bed on my Nokia mobile.
Traded on 2 Test matches and 1 ODI,not posting in detail of every match trading (seperate inplay posts are there for every match).
Only highlight some changes i applied in these matches mainly towards end after seen a post in betfairtrader blog (frankly understand it very late) or i can say copying some of his style.
I named it 'Green effect' by this we can increase our profits if our book allows mainly towards end.
For example my book was all green in 5th ODI most of the time and when it was clear that Pakistan is in strong position to win this match after 4 and 5 wickets i backed Pakistan from my India green at 1.5x and some extra at 1.3x respectively and set stop loss point.There was two reasons to do this at that time:
1.I backed these odds and on both occasions chances of drift is less and slow means i've taken a value (considering req runs,run rate & wickets at that time)
2.My book is now moderate green Pakistan and small red India so stop loss and bail out points are much higher which is overall safe book.
Thanks once again to BFT.This strategy shown increase in profit (tried on test matches also) and may be continue to try it on 1.2x-1.5x range odds this month,if i think there is value and my book allowing but mainly on bowling team odds towards end because it will be risky for batting team odds which drifts dramatically on wickets.
I know it is risky and chances of big loss anytime but for this i'm going to set stake size for these odds towards end.
And lastly copy a master is easy but to be a master is difficult :-).
All the best.
P.S:
It looks same 2 posts one rough and other full proof posted at same time due to some technical problem.Removed rough post now and sorry for that error.
;-)

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