BTC Cricket Trading Thread
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@matt-ayles said in BTC Cricket Trading Thread:
Another thought i had on this is, what if the odds are 1.12, then a 6 is hit dropping it to 1.07, but you would still be matched at 1.1 - your exit is still 1.2 whereas mine is a far more attractive 1.14.
There may be some legs in a set and forget style but right now i want to give it my full attention as its still in its infancy.
yeah, like this.
So, wait for your entry point as it may go lower than 1.1 in one shot, however, still have your stop loss at 1.05, and adjust your exit point accordingly. -
tbh, i'm really excited about the 1.1 strategy. I have been scratching my head about trying to find a solid strategy for the T20 World Cup , now, hopefully, this might be it.
Thanks guys - the 1.05 stop loss is also a good bit of advice too.
Looking forward to liaising with everyone on here, and hopefully we can all, together , move up from Fillet Steak to Chateaubriand ! -
@stuart-wallace @Brian-Doe it's all about long term profits. There's bound to be losing days as with any strategy. It's a shame it's happened so early, but in a way I'm glad as now I've learnt the importance of queueing the stop loss too, as todays odds flew right past 1.05 so there was no chance to get out.
Lets continue to track it. There's 2 mens and a womens t20 tomorrow. Any luck we'll all be having fillet steak by the weekend
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@brian-doe said in BTC Cricket Trading Thread:
@matt-ayles The strategy still shows that because you’re trading at very low odds, even when it goes south, your losses are minimal.
Can easily make it back and more with two good T20s on the cards tomorrow.
To me thats the beauty of this strategy, in that its a minimal loss when it does fail, however, i think Matt mentioned before that in 1 game he monitored 1.1 went to 1.2 four times . So in that instance the profit could be large in comparison to potential loss.
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@matt-ayles The strategy still shows that because you’re trading at very low odds, even when it goes south, your losses are minimal.
Can easily make it back and more with two good T20s on the cards tomorrow.
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@brian-doe said in BTC Cricket Trading Thread:
Well this has gone disastrously. Any tips on getting out?
Agree with Matt in that this is more likely to work with 2 more evenly matched sides. My first thoughts on seeing this game is that it was too weighted towards one side , and would probably have passed.
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@brian-doe said in BTC Cricket Trading Thread:
Well this has gone disastrously. Any tips on getting out?
This is why i like the stop loss at 1.05 as then you only lose half your stake.
Sorry it's not worked out today, but perhaps UAE are not good enough in this sphere to be traded? Perhaps worth only using the strategy on top class teams. Might work on IPL too.
My advice would be once the lay is matched enter 2 back bets, one at double odds and one at half odds, then just remember to cancel the one that isn't matched first.
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Well this has gone disastrously. Any tips on getting out?
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@brian-doe said in BTC Cricket Trading Thread:
@matt-ayles Need UAE to dig in and drive the back price up a bit. Fingers crossed.
Back to back 6s helped but unfortunately that kind of aggression brought the wicket, so Im out for a loss this time.
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@matt-ayles Need UAE to dig in and drive the back price up a bit. Fingers crossed.
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Bangladesh 1.1
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@brian-doe said in BTC Cricket Trading Thread:
@matt-ayles Great idea. Maybe we could all chip in and share our research so we’re all singing from the same hymn sheet.
Bang averaging 157 from last three matches for 5ish wickets.
UAE have won just one in their last eight (all formats) and Bang are a clear step up in quality of opposition.
If this innings ends 157/5 I'm claiming witchcraft...
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Bangladesh are teasing. Get to 1.15 then lose a wicket. Lol
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@matt-ayles Yeah, makes perfect sense. Too much risk, which can’t be hedged if it starts going wrong.
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Another thought i had on this is, what if the odds are 1.12, then a 6 is hit dropping it to 1.07, but you would still be matched at 1.1 - your exit is still 1.2 whereas mine is a far more attractive 1.14.
There may be some legs in a set and forget style but right now i want to give it my full attention as its still in its infancy.
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@brian-doe said in BTC Cricket Trading Thread:
@matt-ayles Forgive my ignorance but have you ever queued up a 1.1 lay and say 1.2 back for if you’re not able to watch an entire game?
If goes as predicted, they’ll match, if not the prices go higher and nothing lost.
Good question. However, no. My current thoughts on the strategy have a stop loss at 1.05 if the game only goes one way. This is a brand new idea though which i only came up with last week but i don't currently want to do a "set and forget".
Also, what would you do if the 1.2 got matched first?
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@matt-ayles Forgive my ignorance but have you ever queued up a 1.1 lay and say 1.2 back for if you’re not able to watch an entire game?
If goes as predicted, they’ll match, if not the prices go higher and nothing lost.
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Bangladesh bat first and start around the 1.4 mark. Would need a sizeable opening partnership or a very high run rate to push it to 1.1 in the first innings but certainly not impossible. Worth keeping an eye.
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@stuart-wallace I'm hoping once i have my first very profitable month, say 1k or so, I'll invest in a decent office setup.
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@nathan-bennett said in BTC Cricket Trading Thread:
@stuart-wallace might be sick this whole month too
Football World Cup also during most of December ! Going to be one hell of a sporting trading month. With Test matches typically starting during the night from Oz and World Cup games being mostly at 13.00, 16.00 and 19.00 UK time, i am going to be a busy boy ! Like @Matt-Ayles , i will be using a white-board to have a schedule, and get myself set up with multiple screens and a nice office area.
