BTC Cricket Trading Thread
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@nathan-bennett said in BTC Cricket Trading Thread:
Christ what am I watching suspect market be very very stale for a while as SA go survival mode
No entry me yetWell this is outrageous!!!
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Christ what am I watching suspect market be very very stale for a while as SA go survival mode
No entry me yet -
Im wondering what needs to happen for a market to hit 1.1 in the first innings... SA are 8/3 after just 11 balls yet India are still at 1.16
Turns out a 4th wicket will do it! Laying India at 1.09
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@dan-mackinnon said in BTC Cricket Trading Thread:
Just so I'm clear, the strategy is lay the team at 1.1 (with an optional stop loss at 1.05) and exit at 1.2. Repeat as many times as available
Today we're looking at IND vs SA and PAK vs ENG.
Yes, thats it.
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Just so I'm clear, the strategy is lay the team at 1.1 (with an optional stop loss at 1.05) and exit at 1.2. Repeat as many times as available
Today we're looking at IND vs SA and PAK vs ENG.
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@nathan-bennett Yeah, hear what you are saying. But feel that the benefits outweigh the negative in this scenario. There are likely to be more real situations when stop loss is needed rather than the scenario mentioned above.
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@stuart-wallace fair enough . no doubt be occasions that will annoy you like market reacting to a catch in out field only to be dropped and stop loss matched etc
always element of randomnessbots are good if not watching i've used occasionally smaller stakes
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@nathan-bennett Personally, i would be happier with a stop loss , and even happier if Dan could get a Fairbot to work incorporating a stop loss along with the 1.1 lay.
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@dan-mackinnon Dan, that would be great. If you get it working i might even forgive you being a Palace fan
but its a big might -
@matt-ayles I read you mentioned about trading software. I’ve messed about with a few and as of next month I’m going to start incorporating bots into my trading. I could pretty easily make a bot for this 1.1 strategy and happy to be the Guinea pig to see if it works.
I’ll likely use Fairbot and once I’ve got everything set up I’ll share it with everyone on here because you can get a 2 week trial. Looking at different bots and VPS it’s not as expensive or daunting as some people think. I reckon you could get a decent setup for £20-£30 per month all in. If it means you’re not missing trades you’ll easily cover those costs.
I’ll also look into making bots for some of the profitable strategies so hopefully that’ll help cover the costs.
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Added note to 1.10 lays
Personally no stop loss for me
On the odd occasion I might reload 1.05 ishHow good is it most games around the world there’s a gi zillion dollars on offer to trade
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Will be interesting to see how South Africa play tomorrow. Decent recent T20 results but haven’t played that format since the start of August.
Famous last words but surely India heavy favourites.
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@stuart-wallace to counter your point, if your initial lay was 1.08 for example, your stop loss is 1.04, just needs to be half where your entry is.
If it's an odd number you'd have to make a judgement call!
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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.
