2009-02-17

On The Right Path

Hello,

sugiyama_bartoli
morita_hantuchova 
what to say about trading tennis these days? It really works and I am on a very good run this month. I am very patient and disciplined, when trading these days.

During the last months mostly I wrote about what I did wrong and what I could improve, but these days there is no reason to write about mistakes because I did not make mistakes.

The most important thing now is to have a constant trading performance.

I traded the following matches during the last few days:

Morita v Hantuchova +15.81
Razzano v Safina +0.74
Sugiyama v Bartoli +20.51
A Radwanska v U Radwanska +0.38

It is not only the profit, which makes me happy, it is more the way I traded these matches. I was always looking at the bigger picture and did not chase any profits in a single match. I hope the good run will last a long time. It is all up to me.

Stats so far:
Total profit since last update: +37.44
Total profit this month: +110.15

Cheers, Loocie

10 comments:

Scott Ferguson said...

Lay low, back high and never take too much risk. Nice work.

Loocie said...

Hi Scott,

thanks for dropping by. Is it really that easy? :)
I think you need to know what is "low" and what is "high". Also odds of 1.1 can be very high.
And you need to know how much is "too much risk".
I know what you want to say, but I think it is also important that winning on Betfair regulary can be hard work.

Cheers, Loocie

Anthony said...

Some great trades there Loocie. I'm pleased for you. I've earned more from the tennis this month than any previous month. This is because I have limited my risk to a tiny amount, which involves getting into the trades at the best times. This is the most important thing in tennis trading I think.
Tennis is quite dificult to learn to trade because you make alot of mistakes before you narrow down your points of entry into the market. Then, as long as you stick to your own rules you will win in the long run.
Keep up the good work!

Loocie said...

Hi Anthony,

thanks for leaving a comment.
Good to hear about your good results in trading tennis.
You are right mate, risk management is so important.

Good luck for you!

Cheers, Loocie

Scott Ferguson said...

best time to lay low is when a selection goes too short, too early. A break in serve early in the first set, particularly in women's tennis, isn't worth that much. So when a player goes from 1.3 to 1.1, that's the time to get involved.

The more you follow it, the more you get a feel for how the odds should naturally move.

Loocie said...

Hi Scott,

thanks for leaving a comment.
You are right mate, in tennis very often low odds ocure early in a match and that is the time to get involved, especially in women's tennis.
I read you made a decent profit yesterday in the match Azarenka v Lisicki, nice work!

Cheers, Loocie

Anthony said...

It's quite incredible how often a player wins the first set 6-1 or 6-0 and hits 1.10, even from starting odds of 1.6. I think in alot of cases the losing player will just give up on that set part way through as it'll take too much energy to try to win it back. Instead they will go all out to win the second set imo.
I also think, to win the larger amounts, you need to risk the majority of any profit you've already made on the match. It may take a few matches before you get your opportunity but when you do you have so much more money to play with. Then, as I always have to say out loud to myself "keep your head"!

Loocie said...

Hi Anthony,

thanks for leaving a comment. But I can not agree with you completely: I only would risk some of the profit I made, when there is another trading opportunity. On long term it will pay off.
I do not like to have big swings in my trading bank, I like a steady postive progress :)

Cheers, Loocie

Anthony said...

I had to post a comment again because it relates directly to my last comment and I don't have a blog to vent my annoyance!
Today I backed Schuettler who broke Clement and won the set 6-1. I then used all my profit (left nil on Schuettler) to lay Schuettler and waited for what seemed like days for Clement to get ahead in the game. I split my profit on Clement at 1.31 and then layed him again as he was serving and there had been so many breaks in the match. I was intending to get out at 1.2 if he held his serve and he looked like he was going to so I backed him again and intended to leave it at that. Unfortunately, due to the slow scoreboard I got out too early and to make it worse I had the wrong stake selected and backed him for 4 times what I meant to, as he went to advantage against! I had no choice but to get out for what ended up being less than a quarter of what I would have won! What was that about keeping your head?!!!
With regard to your last comment, I understand what you say. I always make sure I get something out of the game if I have made a profit, like yourself. In the example above, I would have backed Schuettler again to spread my profit if he had held his serve in the first game of the second set so I do agree with you to some extent. It comes down to different trading styles and expectations I suppose.
Sorry this post is so long. I hope you've done well today.

Loocie said...

Hi Anthony,

every comment is appreciated :)
I assume you made a profit in this match so this is the most important thing.
What I try to do in such situations, when I have a profit early in the match and low odds are available,is, I take 30% of the profit and lay these low odds. That means, if you have EUR100 on both sides and odds of a selection is 1.1 or something like this I lay this 1.1 with the liability of EUR30, so your stats on the player with low odds is +EUR70 and on the other player +EUR400.
In this situation you can sit back and enjoy the match without hectic backing and laying for a possible break.
I agree with you, it all depends on the trading style. The example above is just my approach.
Feel free to write further coments.

Cheers, Loocie