SPOTY
Sports personality of the year, or SPOTY as it is colloquially called, is an annual competition on the BBC.
This is one of the few “special markets” that I will often have a dabble on. This is simply because it’s subject to the vagaries of voting patterns, producers, nominations, campaigns and also along lead in.
Last year my average price on Rory McEvoy’s was just a shade under 1.20 and he lost, unexpectedly, even I didn’t expect that! My best position on an outsider totalled nearly £5000 on the evening of the event. But it would have been remarkably unlikely that that would be the winning position.
This year, despite doing absolutely nothing, Jessica Ennis Hill was the favourite. But Tyson Fury came in from large prices until press outrage lengthened his price again and eventual favouritism fell to Andy Murray after his campaign to bring the Davis cup back onto British territory.
Murray is currently favourite at 1.54, Ennis Hill has traded as low as 1.58, Fury 5.70, Lewis Hamilton at odds of 3.00 and Chris Froome at odds of 4.00. If you can be in the market for any length of time, it’s a decent market. There’s been a fair amount of chatter about it on the forum, we can see opinions changing as the market developed. Have a look at the 2014 thread as well.
And of course it’s not out of the question that the favour on the night may not win. I’ll be keeping an eye on!
Category: Alternative markets, Trading strategies
