Doing a back flip
The quarters are on us in the French Open Tennis and at first sight they look uncompetitive. The favourites are very short against their opponents. But when trading you are not that interested in how short a price something is, more where it can do.
So on short priced Tennis matches I’ll often try and do a ‘back flip’. I’ll happily back the outsider on the basis that if the short priced favourite doesn’t grab the match by the scruff of the neck immediately then the price on the outsider will come in. If they get the break it will crash in. The reason for choosing to back the outsider rather than lay the favourite is that you can earn slightly more one way other than the other way. So as long as you keep your staking consistent that will pay dividends. Also the short priced selection will take longer to move.
It’s a matter of personal judgement from that point what you do, but if the first set goes to the outsider then, subject to the stats, its worth flipping your position onto the short priced favourite.
The overall basis of this approach is that if you lose you have to take a full loss, but if you win you can compound up your existing position to cover any future losers.
All I need now is for one or two of the quarters to throw off the right characteristics!
Category: Tennis, Trading strategies
