Hello experts,
as a fairly new member I'm getting my "bloody nose" in the moment as markets dometimes do not do what I expect them to do.
Example football/soccer: When laying the draw and the "false" team scores - what is recommended then because the odds don't move into profit and profit will be reached from minute 70 onward.
A good example for that is England v. Chile this week. Chile scored fairly early and everybody (including me...) tought that England will fix it. The result was 0-1, so laying the draw would have worked.
Which additional strategy on laying the draw is a good one? Exiting when in profit, latest at halftime to minimize the loss?
Thanks for any answer!
Chris
exit strategy when laying the draw
beware of fixed strategies, there is no 'one size fits all' even if the situation appears the same.
in your case it was the unfavoured team scoring first.
(google lay the draw / metaltone )
this is a strategy, not the strategy.
look at it and work out how it can still go badly wrong.
every match with similar odds will still play out differently.
if you call it right you can feel invincible, but if you get it wrong you will be the rabbit in the headlights.
did you look at the match beforehand and decide what could happen (scores-price movements) if it didn't go as you expected ?
look at soccer mystic, it's not perfect but it will give you a reasonable guide to likely movements.
personally I always have what I call a take the hit point,when it reaches this I'm out, regardless of what match commentators are calling.
my pre-match trades carry a degree of cover and if necessary I will take further in-play, so if I get 40% return on outlay I'm doing very well, but I restrict my losses to 10%.
if you are determined to go down the prepacked strategy route I can give you some trading site addresses, but you will need to pm me as they are chargeable services.
in your case it was the unfavoured team scoring first.
(google lay the draw / metaltone )
this is a strategy, not the strategy.
look at it and work out how it can still go badly wrong.
every match with similar odds will still play out differently.
if you call it right you can feel invincible, but if you get it wrong you will be the rabbit in the headlights.
did you look at the match beforehand and decide what could happen (scores-price movements) if it didn't go as you expected ?
look at soccer mystic, it's not perfect but it will give you a reasonable guide to likely movements.
personally I always have what I call a take the hit point,when it reaches this I'm out, regardless of what match commentators are calling.
my pre-match trades carry a degree of cover and if necessary I will take further in-play, so if I get 40% return on outlay I'm doing very well, but I restrict my losses to 10%.
if you are determined to go down the prepacked strategy route I can give you some trading site addresses, but you will need to pm me as they are chargeable services.