Bangladesh v England 1st test trading thread

[frankbutcher]

5 days of chances to trade a profit despite the daily 3:30 am start

My position day 1:
Lay England £300 @ 1.47
Back Bangladesh £5 @ 9.0

I'm queueing to quickly close both those out when it goes inplay and I'm sleeping soundly.

The gap between the 2 teams is much closer than it once was. England are under a new captain, short of bowling experience and have an out of form KP. Bangladesh are on home turf, have a raft of decent spinners to plague our batsmen and have run India amongst others close of late. I still think England will win however, but over the 5 days, there is certainly scope for much value in the price.

Edit: Don't listen to me, clueless! With hindsight this was a poor trade and highlights the fact that I should not have been trading something that I'm unable to watch.
Anyway i've reduced my liability a bit but still need England to start messing it up.

[Human123]

As i said in the other thread and i hope i speak for many when i say this..

whats the usual trading strategy for cricket? what sort of exit point should i be looking for if i lay england @ 1.47?

[frankbutcher]

As i said in the other thread and i hope i speak for many when i say this..

whats the usual trading strategy for cricket? what sort of exit point should i be looking for if i lay england @ 1.47?

There is no 'usual trading strategy'. You need to know your sport and know your teams. Each game has its own set of circumstances (pitch, previous games, form of certain players, the toss)

As I said in my post above, England won't stay at their current price or lower for 5 days IMO, so I'm happy to lay. Have queued a bit higher to get out because I'll be asleep. Otherwise I'd be watching the game and trading the game as I see it.

Above all else, if you don't understand the game, don't get involved to heavily. Follow the price alongside the score and learn from it and then maybe you'll find out the exit price for the 2nd test.

Edit: good advice, shame I didn't follow it myself

[Human123]

I do understand cricket rules but obviously need to experience how the odds move in accordance to situations.

If i lay england at 1.20 at the moment, what sort of incident will drive the price up?

[Andy]

Just a general comment I found with Cricket is that the current weather and more importantly the forcasts for the next few days can be just as important as the performance on the pitch. Games can and are won/lost and more frequently drawn because of changing weather conditions. (Thats for Test matches mainly but still a relevant variable in one day games too)

[Dutchy]

good luck Frank, I love trading cricket, my strategy is usually to LAY something that is under the odds, e.g. if a team is $1.40 or less on Day 1 of a test then I LAY it, more often than not the game changes so much over 5 days that you can BACK that team at higher odds at some stage to lock in a profit. The Draw is almost always under the odds also esp early in a match and esp in a test involving the aussies.

There are many over reactions in all forms of cricket, just need to take advantage of them

[LeonardHatred]

This seems as good a thread to post in as any. I've foolishly stuck a grand on England to win - I'm hoping someone takes the trade.

It is going to be a very English wicket - there's going to be a bit of sun and rain. The ball will swing and there'll be seam as well. Bangladesh seem to have loads of spinners who probably won't be very penetrative.

A lay against England at the outset would be clever.

[LeonardHatred]

It's been a good tournament for me. The strength of the Bangladeshi batsmen was a but of a surprise, and the exchanges were going mental when Tamim Iqbal was batting. When they capitulated twice, the odds plummeted. I made a decent amount out of the two games - about £150 in total.