BTC Cricket Trading Thread
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@james-woodroffe said in BTC Cricket Trading Thread:
Backed SA here at 1.56 WI well under par, Lendl Simmons innings could be the difference. 144 should be gettable even without De Kok.
And out with SA at 1.04 with 8 overs to spare.
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Backed SA here at 1.56 WI well under par, Lendl Simmons innings could be the difference. 144 should be gettable even without De Kok.
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@bob the only match so far that’s Redded me was the WI v SA match and cause it’s I made an assumption that bat would dominate and I was looking to build green in the first dig and go from there. I didn’t take into account exceptional captaincy and 4th grade batting. The match is the match.
England not SA hope I didn’t just jinx myself
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@james-woodroffe
Yeh makes sense! Thanks for the response will look to do the same! -
@bob I never ever pre determine how I think a match will pan out especially T20 cricket. I’ll just sit back and watch how it unfolds especially in the first innings which can be a lottery.
Like to have some idea by the 15th over but that’s not always a given. -
Been enjoying the word cup so far this week… not really financially..but as a spectator. Some interesting match ups today. Anyone got any strong feelings or opinions on either?
For me gotta take SA over WI based on their opening matches with SA only just losing out to Australia. Although surely WI can’t bat as badly as against England.Anyone see it differently?
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Lucknow and Ahmedabad granted the licences for the two new IPL franchises from next season.
The two new franchises both cost over USD 700M
not that long after CSK have been valued at over USD 1 billion.
Still head scratching to see how huge the IPL has become in just 13 years.
Will be interesting to see how they go seeing that Pune and Kochi were not able to last. -
That’s now more like the Sharjah we know and love. The deck is finally batted in after re laying.
Will be interesting to see if 180 becomes a bit more of the norm. Cooler nights now in the Emirates and of course the dew comes into play. -
@jonathan-busch I had a half stake at start of innings and was going to give Pak the over after the drinks break before reentering but Babar was so good in that 11th over I didn’t get the chance. Really impressed by Pakistan. I liked them before today but needed to see something first.
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Held on until the 10th over before backing Pakistan at 1.50
I had WI as an outright...These pitches may be more suited to Pakistani batters than WI batters
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Backed Pakistan at change of innings and glad I did. 2.44 chasing 152 was great value when you consider Pakistan have arguably the best opening partnership in the tournament bat deep and called the UAE home for over a decade. This was the match I was hanging for and saw what I wanted have backed Pakistan at 5.50 outright to win the tournament.
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Take back what I said about SL.
Bangladesh really do disappoint in these tournaments SL always turn up.
Happy to take the point green and move on. -
Suddenly Sharjah starting to play a bit more familiar to what we are all used to.
Greened up on Bangladesh but now on SL.I’ll just shut up now.
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Have backed Bangladesh in this match v SL entered half stake at 2.08 with Bangas 0-30 after 4. Entered the other half stake at 1.61 with Bangas 2-83 after 11. Looking at letting this run hard to post as you go with cricket. I feel that Bangladesh are far superior to SL and SL are not playing Namibia or Netherlands again this tournament.
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Happy start to the T20 World Cup after a bit of a break.
Backed Namibia at 1.66 with Ireland 6-110 in the 18th and closed out when Erasmus put Singh back over his head to get Namibia to 1.02 in the 18th over of their chase. Just under 1.5 points to start the tournament let’s hope we all have a green one.Fitting that Namibia won today and qualified. Along with Scotland clearly the best of the associate nations and Ireland have lots of work to do re 20 over cricket.
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Very interesting to see Namibia hit over 9’s in a chase of 165 with their 3 most destructive and experienced batsman still to come.
Wise and Erasmus turned this match on its head within a few overs and Namibia were never going to be fully out of it with those 3 (Smitt being the other) in the middle or in the shed. -
@jonathan-busch hi mate, I’m not sure what your style of trading is for sure but I can gather that you back teams and it sounds like you are forming a solid opinion that the team will win.
Unless the team you are backing to win always look like this is going to be the case the market will often move against you until they start to do the do which I find can be a bit of a dangerous position as if they take too long you can be too far away from profit point.
Have you thought about only backing the team for smaller periods of the game, it might alleviate your ladder anxiety and you may find you can turn over multiple trades.
I find it easier to go against the opposing team but I am going to start paper trading backing written off teams with high odds shortly to see how I fair with this also.
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I'm still figuring things out at this stage and using small stakes, so cant say 'x amount of the bank' but I effectively have 2 stake sizes. One is a half stake which I will put in when not super confident or if I think I will get more value later on to put the other half on. And a full stake when I am confident and happy with the odds. Maybe when I get more confident and better at picking up on value, I will stick to using a full stake only.
After that I actually try not to follow the odds too closely and minimise the ladder as I find it distracting and messes with my head with the odds flying round, especially as they go red, because they can just as easily come back to green, but cause me to have a panic exit. If what I expected to happen, isn't happening, then I will pay more attention to the odds for an exit.
Maybe I do need to have a set stop loss, as minimising my losses will have a significant effect on profitability
I tend to exit at 1.02. I have been wondering if I should exit at 1.05 as it might free up my stake to get back in if odds shoot back up again.
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I'd be interested to hear how people stake in T20, the ultra defensive traders may disagree with my way but i've never had an issue.
Before entering a trade I assess where I believe the odds will move should a trade go against me and will work out how much I can stake to allow this movement to be 1% of my bank. Depending on the odds I can sometimes have 5% total risk in a trade but I will never allow it to run past 1-1.5% before cashing out.
Doing this allows me to see bigger returns when trades do go as expected but you have to be super disciplined with exiting trades, I never hang on expecting them to turn around, I will just take the loss and get back in when the opportunity arises, which is almost always does.
Should be some good opportunities in the ENG v IND and Sri Lanka v Nambia games 2nd innings
