Hi,
In your last blog post you talk about hedged positions. Can you give an example. Let's say somobody starts with backing 0-0, 1-0, 0-1 as in your example. What can be a hadged position for this one.
Thank,
Paul
Hedged positions
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lilgreenback
- Posts: 211
- Joined: Thu Apr 16, 2009 11:28 am
Hi,
Do you mean dutching the scores, I have tried this one with small stakes. So when you have backed the the three score lines say 0-0 is 18.0, then 0-1 is 12.0 and the favorite home side is 1-0 @ 9.0. You wait (as you are aware) for the price to shorten this is where your judgement comes in.
If you where to dutch the prices for a winning sum of say £30, your bet might be £9ish. At the end of the match you would win £30 for £9 outlay if the result was 0-0 1-0 or 0-1, you would lose if the score was anything else.
To hedge the position is to say I want to take the profit of the shortening price at say 20mins what you need to do is to check the with greening button and then click the traded price button on any of the three score lines where you have a stake. You would then have a guaranteed profit of about 2 to 4 quid depending on what time you "greened" up and hedged the profit.
If you get an early goal and it messes it up you can then wait a while in the same manner to the "red" up to reduce the loss. So you might lose 5 or 6 quid instead of the original £9.
Hope it helps, if it was not what you meant then Soz some one will give a clearer answer if I missed the point somewhat.
LilGB
Do you mean dutching the scores, I have tried this one with small stakes. So when you have backed the the three score lines say 0-0 is 18.0, then 0-1 is 12.0 and the favorite home side is 1-0 @ 9.0. You wait (as you are aware) for the price to shorten this is where your judgement comes in.
If you where to dutch the prices for a winning sum of say £30, your bet might be £9ish. At the end of the match you would win £30 for £9 outlay if the result was 0-0 1-0 or 0-1, you would lose if the score was anything else.
To hedge the position is to say I want to take the profit of the shortening price at say 20mins what you need to do is to check the with greening button and then click the traded price button on any of the three score lines where you have a stake. You would then have a guaranteed profit of about 2 to 4 quid depending on what time you "greened" up and hedged the profit.
If you get an early goal and it messes it up you can then wait a while in the same manner to the "red" up to reduce the loss. So you might lose 5 or 6 quid instead of the original £9.
Hope it helps, if it was not what you meant then Soz some one will give a clearer answer if I missed the point somewhat.
LilGB
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lilgreenback
- Posts: 211
- Joined: Thu Apr 16, 2009 11:28 am
Hi BA,
So would I be right in saying that you should also put a little bit on the correct prices around that area. ie 1-0 0-1 2-1 etc then trade out that price should a goal go in early doors? As a saver for the loss on the Dutched position?
Have just been concentrating on getting (or trying to get) 1 or two strategies working well before trying somthing else that messes it all up.
Many thanks
LilGB
So would I be right in saying that you should also put a little bit on the correct prices around that area. ie 1-0 0-1 2-1 etc then trade out that price should a goal go in early doors? As a saver for the loss on the Dutched position?
Have just been concentrating on getting (or trying to get) 1 or two strategies working well before trying somthing else that messes it all up.
Many thanks
LilGB