{"id":6838,"date":"2012-09-02T20:51:54","date_gmt":"2012-09-02T19:51:54","guid":{"rendered":"http:\/\/www.betangel.com\/blog_wp\/?p=6838"},"modified":"2012-09-30T23:24:32","modified_gmt":"2012-09-30T22:24:32","slug":"when-to-bet-on-your-own-team","status":"publish","type":"post","link":"https:\/\/www.betfairtradingblog.com\/blog_wp\/2012\/09\/02\/when-to-bet-on-your-own-team\/","title":{"rendered":"When to bet on your own team"},"content":{"rendered":"

I’m a strong advocate of not betting \/ trading on your own team when watching a sport. I like to have a reasoned logical approach to things and trying to place a position on a team that you follow can seriously mess up your head and result in taking positions in hope rather than for a profit. So therefore I don’t bet or trade on teams I follow.<\/p>\n

However, there is one time though where I do tend to have a little side bet. This is where my trading head pops up and gives me some scope to save my nerves. I’ll tend to have a bet when I want to hedge a good ‘on field’ position. By that I mean my team is winning and I want to hedge that position out. That’s about the only time I’ll dip into the market on my own team. I do it for fun, no money, but here is the logic: –<\/p>\n

I would pay a little bit more to see my team win, but I’ll get some compensation if they don’t pull the win off. So it’s a creative way to head of disappointment. And hence the reason for this post today.<\/p>\n

My kids were prompting me to get excited when Saints were 2-1 against Utd. ‘Wouldn’t get too excited’ I said. ‘Still normal time, then no doubt and extra 4 or 5 minutes of extra time’. It was at that point I reached for the iPhone and hedged my ‘position’. Even if it was an ’emotional’ one.<\/p>\n

So this evening I am richer, if not really that much happier!<\/p>\n

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I’m a strong advocate of not betting \/ trading on your own team when watching a sport. I like to have a reasoned logical approach to things and trying to place a position on a team that you follow can seriously mess up your head and result in taking positions in hope rather than for […]<\/p>\n

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