24 January 2008

The next manager markets can be a bit of a joke. I have been trading the next ROI manager and it now  seems that terry venables is the favourite for the job. And yet, last night - he had drifted out to 14s. I have no idea why and it seems no one on the betfair forum knew why either. The thread on the forum is now up to 20 pages long. Anyway it was good for me because I re backed venables at 14, laid off some more at 8 and now he has come down to 2.4s. So now I have an all green book with 11% profit on Venables. Of course If Id stuck to my guns and kept my big lay on houllier id be sitting on a 23% profit, however, I would have had to sit and cross my fingers while venables's odds kept drifting for no known reason. Its hard to know wherther any of these price movements actually mean anything. It seems that the FAI are nowhere nearer to securing anyone for the role so is looks like this ferry go round of a market could go on for a bit longer yet. I like playnig these markets because the volatility can be massive. Basically because everything is based on rumour so its hard to quantify. Maybe I will just stick to next manager markets in the future and a bit of cricket. Speaking of cricket - I backed ozzie in the final test at 2's and theyve now drifted to 2.76. Basically this was a punt not a trade and I probably shouldnt have done it but tests last for 5 days so ill see what opportunities there are to trade out.