Pre-Match Trading - The return!!!

After a very hard week at work that forced me to stay away from writing to my blog, I return hungry for new trading adventures!!!

Lets see what we have for today...

1) Hoffenheim vs Mgladbach. The home team odds are going up!!!Yesterday they were at 1,84 and today morning they went up to 1,90. Medium liquidity. I would follow the trend even if I wont be able to match a big stake here (due to the medium liquidity)

2) Bielefeld vs Duisburg. The home teams odds are falling. They were up to 2,00 and today morning have fallen to 1,94.Poor Liquidity. Small stake also here.

3) Brescia vs Ascoli. By now the market hasn't got much money to get matched so I am going to wait a little more. I think that there will be some movement here. Brescia at the last 6 home games has only one (1) draw and five (5) wins. This is going to affect the odds. I will wait to hear both teams news for injuries.

I will set my stop loss at 3 ticks.

Update: 4 ticks profit from Hoffenheim and 3 from Bielefeld.  Great Return!!!! I did not open position at Brescia's match because of the low liquidity of the market.

TRADING WITHOUT RISK

Pre-Match Trading offers to us something very important which makes the strategy to differ from straight betting or in play trading.

When a punter is placing a bet, he risks all the amount of his bet.

When a trader is trading in play he is risking a big amount of his bet because of the volatility of the odds.
In play odds normally have somewhere to go, up or down depending on the bet.
If an in play trader backs, for example, the draw at 3.15 in order to wait some minutes into the game and then trade out laying the draw at 3.00 he is risking a big amount of his bet because in those minutes a goal could come in. Hey come on its football after all who can be sure about things? If a goal comes in then the draw would rise up to 4.5 - 5.5 so the damage for the trader who wants to close his position, could be really big!

My pre-match trading strategy relies on the steady psychology of the odds. Before the start of the match, normally, there is not volatility in the markets. So things can be pretty much predicted. A favourite remains a favourite and an outsider remains an outsider because history can't be changed!

I have put the word "normally" in bold and italics why? I will explain in future posts...be patient