BTC Cricket Trading Thread

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Seems the big bash is excellent for trading yet the time of year has meant I've hardly touched it. It's not the early starts, its xmas holidays! Get the kids back to school so i can trade properly lol.

Nathan Bennett

gaides no good easy 200 red

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Laid sixers at 1.33

Got out for 1.75

Nathan Bennett

Backed the Rene Gaides 2.8
Lay Gaides 25% stake @2.0
Backed Gaides that 25% back earlier @7.4

lets go

f finch so bad

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@jonathan-busch i was unders this match too. Other matches I keep scratching out cos I haven't been able to keep the collapse on side quick enough. Keeping the collapse on side as quick as I can now.

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I've been burnt going overs so far...
On sixers UNDER 170 this match
And on Renegades at 2.6

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Sixers were cruising potentially 180 in site. Be lucky to get 140 now. Unders so far this BBL with the exception of the scorchers game at junction oval.

Nathan Bennett

PAK NZ
BACKED NZ 3.6 would love odds on tmr

Nathan Bennett

LAYING northern brave 1.1

Nathan Bennett

@andy mental

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Otago were 9-0 after the 1st over. Now 9-3 after 3 overs

Nathan Bennett

AUS SA
LAING AUS half my green see if squeeze 13-20 ticks some point
Raining at the G at the mo
Unsure how long etc

And big if
Will lay draw all of green showing that market single figures if happens and feet up as aus win easy ha

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Weather looking better in Aus today? Anyone got better info on that?

Nathan Bennett

Hectic few days
Hope everyone Xmas went well

Looking at PAK NZ missed one of my fav angles laying a team odds on / well below there SP for a lay during there first INNS

Nathan Bennett

@stuart-wallace-0 there will be wickets some point
Could then maybe back to lay the draw for 20-30 ticks on wickets
NZ do have plenty of batting talent
Or
If NZ get stupid low like odds on lay them for a swing

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@stuart-wallace-0 said in BTC Cricket Trading Thread:

Got a problem boys ... hope you might be able to able to give me some ideas.

Forgive my ramble....

Got a large red currently on PAK v NZ cos of LTD at 4.5.

Initially thought, NZ would lose wickets and LTD would start going out - but obviously this hasnt happened.

I'm now thinking, well, if NZ can bat for all tomorrow (and get a lead) and maybe first 2 sessions of day 4 then they could declare some 250 ahead with PAK having to bat 4 sessions to survive - surely this would cause the LTD to drift somewhat ? - what do you think?

What would you do?

I think I would forget your initial lay and do a small back of the draw with a view to trade out and get some green back (say half odds). If the back goes against you atleast your LTD looks better and you can make a call if you take a smaller red. If it continues to shorten I'd look to get a low lay on the draw to average out your LTD odds if you feel there's still a chance of a result.

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@matt-ayles totally

I also know I got into this trade when it wasn't as strong as the other test ltd's I've done so lesson learned hopefully. Was always a chance the pitch might not have enough in it early enough. Should have waited!

Maybe there will be a lower odds opportunity later but if not another test isn't far away!

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@gavin-rumsey what i started doing was thinking if i accept a loss of £10 (compared with the full liability), how likely is it i can find an opportunity to make £10 later in the test...? Still ends up as scratch but its kind of like starting a whole new trading session.

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@matt-ayles thanks

I'm fairly good at not chasing losses and when things go wrong I write it off pretty quickly in my mind.

Never got past small stakes and losing though! Football this was.

Swing trading T20 has been ok but not green on it yet. Test matches much better.

This NZ/Pak test is first decision really in terms of take red of about 40% liability or hang in for a couple of days....

Thinking maybe take the red. Reassess later to see if there is a better opportunity. (protect some of the bank is better I guess...)

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@gavin-rumsey accepting losses is an extremely hard part of trading but crucial if you're to succeed long term... you can ask the instructors here, i uses to overstake, chase losses etc. Got me nowhere. Been here about 18 months and was in loss after the first 12.

However I've been profitable the last 5 or 6. Not massive, not where i want to be, but green. It took alot of learning though.