Friday, 23 March 2012

Relax - Don't Do It


After not participating in the markets on Wednesday, it was back to normal yesterday with the the Asia Cup Final between Pakistan and Bangladesh plus a night of Premier League Darts.

I've a list of things which make me feel uncomfortable in cricket markets and the words Pakistan, Bangladesh and the scheduling of a tournament just before the IPL kicks off are all on there.  It's nothing personal - Pakistan have some cracking players and likewise Bangladesh seem to have come on leaps and bounds but despite this I can't help feeling a lack of trust when they're involved.  Was yesterday any different?  No, but I adjusted and kept my stakes relatively small. I also went against the crowd quite a bit and opposed low odds at different times which appears to be the way forward in these types of matches.  I wasn't laying for the sake of it, but instead tried to choose my moments for when the market was jumping on the 'winner' and pushing the price too far. My belief was that there would be many more ups and downs along the way and so it proved as Pakistan held on to win by a slender 2 run margin, and I bagged another 12% towards my break even target.

A few hours break was squeezed in during the afternoon before it was time to tune into the darts being screened live from Dublin. The first thing to hit me was the crowd - 9,000 crazy fans getting ready to cheer on a bunch of dart players!  Astonishing and something special.  It also helped motivate the players and there were some great performances on display but unfortunately mine wasn't one of them.  Despite winning on 3 out of 4 matches, the one loser cancelled out most of the wins to leave me with just a further 1% gain.

It's funny, but I can feel my mindset changing now that I'm up to 90%. I'm looking to get over the line and starting to lose sight of the goal. I'd have bitten your hand off to be in this position just a few days ago. This is the dangerous time then when complacency can set in and a greedy moment can see me endure a big loss.

Time to concentrate even harder.

Friday sees me tackle the 4th ODI between the West Indies and Australia.

Here's my break even graph :


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