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If you read a previous post of mine I stated I was looking for a new sport to trade. Some suggestions were made including Tennis, Golf, Cricket, NFL…..These are all (I imagine) good sports to trade but they don’t fit in with what I need. For example I don’t understand cricket (sorry to you cricket fans!) so trying to trade it would be useless to begin with as I need to learn the sport as well as the odds movements. Tennis is good but I think there’s too many professional traders out there and I would just be topping up their funds. Golf would be interesting but it lasts all day and I’m not sure I have that much spare time to devote to it. NFL I think is played at night time (UK time) and again I don’t understand the game. Most importantly these and any other sports I can think of a generally played in the summer – ie during the F1 season. I devote a lot of my time to F1 and there’s no way I’d be able to trade a golf tournament at the same time for example.
Horse racing intrigues me from a trading point of view. With practice I think it’s something I’d get the hang of but it bores me to death. I trade it without watching the races so all I’m looking at are the odds. Just numbers going up and down. After a while I get bored, loose concentration and inevitably throw away all those ticks I’d gained in one moment of madness.
So what’s left?.........Football.
Nobody suggested football – funny that ain’t it? Or maybe not as I’ve tried football in the past and as a trading sport it just doesn’t work – yes you could scalp the 2.5 goals market and probably make a profit for a few weeks, but then one game will come along where you are exposed at the time of a goal and you can say goodbye to all the money it took you two weeks to make.
The pro’s for me would be the fact it’s played over the winter period which is exactly the time I have nothing to do. It’s a sport I follow anyway and I would enjoy sitting down to watch a game – but it doesn’t work – you can’t trade it!!
I’ve been thinking about what to do for a while now and every sport I come up with fails me on one point or another – don’t know rules, will be at work when it’s on – those kinds of things and each time I end up coming back to football.
Then I thought about how I ‘trade’ F1. When I’m looking at a race weekend all I do is look for value. I use my knowledge of the sport to look for ‘incorrect’ odds and then I try to exploit this. Sometimes I will have profit before the race, sometimes I will enter a trade with the intention of laying it off in-play as I believe x, y or z will happen. I watch the odds during a race and can then begin to trade certain markets having learnt their little quirks over the years.
I loose sometimes, I have to because otherwise it means I have some creepy method of predicting the future! At the end of the day I’m confident my knowledge will get me through and trading ability will ensure I cut losses when I need to and let the winning bets run. This is what makes me a profit.
Going back to the football – surely I can apply the same theory to this. If I can find an incorrect odds price in one of the many markets available on a game I must be able to make a profit?
Which leads me to this….Flutterfly: Football Betting and Trading. I have started a new section for the blog which you can access from the top menu bar. The £70 pot of money from the Monaco Experiment will be my starting fund. It’s going to be a long and bumpy journey but let’s see what I can do in the 2008/9 season.
Horse racing intrigues me from a trading point of view. With practice I think it’s something I’d get the hang of but it bores me to death. I trade it without watching the races so all I’m looking at are the odds. Just numbers going up and down. After a while I get bored, loose concentration and inevitably throw away all those ticks I’d gained in one moment of madness.
So what’s left?.........Football.
Nobody suggested football – funny that ain’t it? Or maybe not as I’ve tried football in the past and as a trading sport it just doesn’t work – yes you could scalp the 2.5 goals market and probably make a profit for a few weeks, but then one game will come along where you are exposed at the time of a goal and you can say goodbye to all the money it took you two weeks to make.
The pro’s for me would be the fact it’s played over the winter period which is exactly the time I have nothing to do. It’s a sport I follow anyway and I would enjoy sitting down to watch a game – but it doesn’t work – you can’t trade it!!
I’ve been thinking about what to do for a while now and every sport I come up with fails me on one point or another – don’t know rules, will be at work when it’s on – those kinds of things and each time I end up coming back to football.
Then I thought about how I ‘trade’ F1. When I’m looking at a race weekend all I do is look for value. I use my knowledge of the sport to look for ‘incorrect’ odds and then I try to exploit this. Sometimes I will have profit before the race, sometimes I will enter a trade with the intention of laying it off in-play as I believe x, y or z will happen. I watch the odds during a race and can then begin to trade certain markets having learnt their little quirks over the years.
I loose sometimes, I have to because otherwise it means I have some creepy method of predicting the future! At the end of the day I’m confident my knowledge will get me through and trading ability will ensure I cut losses when I need to and let the winning bets run. This is what makes me a profit.
Going back to the football – surely I can apply the same theory to this. If I can find an incorrect odds price in one of the many markets available on a game I must be able to make a profit?
Which leads me to this….Flutterfly: Football Betting and Trading. I have started a new section for the blog which you can access from the top menu bar. The £70 pot of money from the Monaco Experiment will be my starting fund. It’s going to be a long and bumpy journey but let’s see what I can do in the 2008/9 season.
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