Betfair Tennis Trading – Madrid Masters – 12.05.09 – Tsonga – Ljubicec

When trading on the Mutua Madrilena Masters tournament in Madrid I had an interesting trade which I’ll show you in the video below.

The favourite of this match is the French player Tsonga and at the beginning of the match his odds were around 1.55.

I didn’t do anything during the first set of the match but now comes a very interesting moment. The favourite player Tsonga loses the first set and his odds drift out to 2.52.

Now tell me – even if you don’t know anything about trading tennis on Betfair – isn’t odds 2.52 a bit too high for a favourite player who’s lost only the first set by 6 : 4 ?

Yes, the player is a underpriced at the moment and that’s why I’m backing him at the odds of 2.52 using a hundred euro stake.

And now comes the next set and also the time for more action and profiteering!

Tsonga scores the first game point in the second set and it’s very promising as his odds shorten to 2.2. However, the most volatile prices can be observed when one of the players is facing a break point – and that’s exactly what I want to see in the next game of this set.

So I backed the favourite after the first set at the odds of 2.52 and now I’m following the second game in the second set to see how the events unfold on the court.

The game is being played very evenly by each player scoring points in turn until the favourite is with the advantage and his odds have dropped to 1.9 enabling more than 32 euro profit.

This is exactly what I’m doing and I’m placing a lay bet on Tsonga by clicking on the ‘Current Close’ button on BetAngel Pro screen. In a few moments the profit is split between both players evenly and no matter what happens I’ll get my 32 euro when the match ends!

But now – the best part of this video. Just have a look at what happens with the favourite’s price in a few moments – when he scores the break point. Yes, it was the very moment I was looking forward to; however, I decided to leave the trade when Tsonga had the advantage as I had already reached the necessary profit threshold.

So have a look now – the price drops down to 1.6!

Do you think I’m very regretful about not keeping the trade open for a few more moments? Well, I can only say one thing – this is what separates a gambler from a trader!

It’s essential to judge the events on the court by listening to your inner voice and while I could have made by far bigger profit by waiting a few more moments, I still made 32% profit from the stake, which is not bad at all.

And most importantly – never allow yourself to slip into a habit of counting the money you didn’t make. You’re risking of starting keeping the trades open for too long which is the very opposite of why you’re trading tennis on Betfair – executing profitable trades!

Talk to you soon,

Paddy