Good start to Tennis season
In preparation for the Aussie open Tennis later this month I have been warming up on the Qatar open this week.
Best of three tournaments mean that the swings you can get can be very large and quick. If a heavy odds on favourite slips up or stutters, the response in the market will often be significant.
One of my favourite tactics, that I detailed here, is to lay a very short priced favourite in the hope that they slip up and the price starts to move out. This happened twice yesterday when very short odds on Federer and Nadal caused their price to jump out in response to some lacklustre displays. Nadal imploded at one point to lose a set 6-0, the first time in a couple of years. At least he has a fever to blame.
Of course laying at short odds willy nilly will not produce a profit in the long term. So I use Tennis trader, before the match has started, to work out what score will cause the odds to move and I nip in ahead of this potential. This allows me to maximise the upside while minimising the potential for loss. If it looks like it will not come off, I simply scratch the position or take a small loss. Because the odds are so short you can quite easily scratch when money buyers come in at very short odds to snap up ‘value’.
It’s been a good start, lets hope it continues.
Category: Tennis
