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Location: New Zealand

Approaching mid-life crisis

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  • Michal Glowacki
  • Fraser Mills
  • 21 November 2006

    Hard work

    Sometimes cricket tests present such dilemnas as that facing me in the current Pakistan Windies test. While there is plenty of time left for a result, there is also a not insignificant chance the match will peter out into a tame draw. And Murphy's Law can rear it's ugly head - as soon as you take a view as to the match ending in a draw or result, events will conspire against you and leave you with a loss.

    Thankfully I am not in too deep - currently sitting on a loss with the draw that through trading I have reduced its cost from $1.78 to $1.48. I will probably ride with this for at least another day, as the current price of $1.50 is (as always) too low. But personally I'm not going in again as I believe the draw is still favourite over a result and the chances of a batting collapse by either side to produce a significant price movement is not great enough to take the risk.

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