Trading the Ryder Cup Golf
Looking forward to the Ryder cup this weekend. Nothing like a bit of Patrotism to spice up a sporting event!
I did a full write up on the Ryder Cup last time around but have been too busy to do so this year. One thing I remember really well from th 2008 Ryder cup was how ‘the tie’ played out in a competitive competition.
This year looks very competitive, though I was surprised to see home advantage priced in as much. Europe has a deep stable of very good golfers at the moment and a lot play in the US. So I’d imagine that would give Europe an advantage but the market is edging it to the US at the moment.
Back in 2008, because of the opaque scoring system, the tie was very uncertain for long periods of the tournament and the best strategy was to back lay this repeatedly throughout play. Of course as we got to the crunch matches near the end the range of volatility expanded fairly significantly, but by then you should have been in a no lose situation any how.
Of course, we have the benefit of hindsight here. But if, as predicted, we have another tight contest, then we are likely to see a repeat performance. I’m already green by trading the market before it starts, so I’ll be getting stuck in straight away. Current trading volume, just short of £5m
Category: Golf, Trading strategies
