Apologies
A couple are needed ...
a) for my previous post. Wow, that guy is obviously a fruitcake of the highest order.
b) to the NZ Knights soccer team. Back-to-back victories - the latest over the defending champions on a 9-game winning streak who hadn't conceded a goal in 500+ minutes - perhaps no longer are they the worst professional football team on the planet.
Now, on the subject of apologies, I'm waiting for the Blackcaps to apologise to the NZ sporting public for masquerading as an international cricket team. 73 all out - what the fuck was that? Pathetic. Embarrasing. Humiliating. And we're off to Aussie in a week's time - gawd help us. Might mean the England - NZ games are competitive and may even have a bit of comedic value.
Finally, I'd like to relate a new definition of "market panic" that puts sharebrokers to shame. One of the joys (and frustrations) of cricket betting is when the weather has a say. Especially on the last day. A couple of years ago in a test match between Australia and India, India needed 270 on the final day (and Australia 10 wickets) and the draw was trading at 20/1. The final day was washed out and those present in Chennai at the time who were awaken by torrential rain at some ungodly hour of the morning and could get to an internet connection made a killing.
The last day of the just completed South Africa v India test at Cape Town saw something similar. With SAF 55-2 chasing 211 to win and a whole day to go, the draw is again trading around 20/1. But the weather forecast (after 4 fine days) of cloudy at times with light rain in the morning should have set off a little alarm bell in the heads of those with a loss on the drawn outcome.
Sure enough, the light rain materialised and with Table Mountain shrouded in mist, the draw price tumbled from 20/1 to a low of around 1.50 before oscillating between evens and 2/1 as it became a lottery as to whether SAF would have enough time to complete the run chase (they had about an hour of play before the rain arrived). Humour was added as the supersopper (a machine to pick up excess moisture from the outfield to allow play to start quicker) ran out of petrol and/or broke down.
In the end, play got underway and SAF had just enough time to complete their victory but watching the market panic is an interesting and amusing way to spend the wee hours of the morning as people from everywhere but Cape Town try and second-guess the weather (and resulting outcome of the match).
Personally, no longer do I get involved - it may be a missed opportunity to make money but equally it is playing with fire. If I have a position on the match I'm comfortable with (as in this case), why tinker with it when you are relying on webcams and weather forecasts from a city you don't have much knowledge about? Betting may be gambling, but putting money down on an outcome that I can't price up is no better than buying a lottery ticket. That's not the way to make money in this game.
a) for my previous post. Wow, that guy is obviously a fruitcake of the highest order.
b) to the NZ Knights soccer team. Back-to-back victories - the latest over the defending champions on a 9-game winning streak who hadn't conceded a goal in 500+ minutes - perhaps no longer are they the worst professional football team on the planet.
Now, on the subject of apologies, I'm waiting for the Blackcaps to apologise to the NZ sporting public for masquerading as an international cricket team. 73 all out - what the fuck was that? Pathetic. Embarrasing. Humiliating. And we're off to Aussie in a week's time - gawd help us. Might mean the England - NZ games are competitive and may even have a bit of comedic value.
Finally, I'd like to relate a new definition of "market panic" that puts sharebrokers to shame. One of the joys (and frustrations) of cricket betting is when the weather has a say. Especially on the last day. A couple of years ago in a test match between Australia and India, India needed 270 on the final day (and Australia 10 wickets) and the draw was trading at 20/1. The final day was washed out and those present in Chennai at the time who were awaken by torrential rain at some ungodly hour of the morning and could get to an internet connection made a killing.
The last day of the just completed South Africa v India test at Cape Town saw something similar. With SAF 55-2 chasing 211 to win and a whole day to go, the draw is again trading around 20/1. But the weather forecast (after 4 fine days) of cloudy at times with light rain in the morning should have set off a little alarm bell in the heads of those with a loss on the drawn outcome.
Sure enough, the light rain materialised and with Table Mountain shrouded in mist, the draw price tumbled from 20/1 to a low of around 1.50 before oscillating between evens and 2/1 as it became a lottery as to whether SAF would have enough time to complete the run chase (they had about an hour of play before the rain arrived). Humour was added as the supersopper (a machine to pick up excess moisture from the outfield to allow play to start quicker) ran out of petrol and/or broke down.
In the end, play got underway and SAF had just enough time to complete their victory but watching the market panic is an interesting and amusing way to spend the wee hours of the morning as people from everywhere but Cape Town try and second-guess the weather (and resulting outcome of the match).
Personally, no longer do I get involved - it may be a missed opportunity to make money but equally it is playing with fire. If I have a position on the match I'm comfortable with (as in this case), why tinker with it when you are relying on webcams and weather forecasts from a city you don't have much knowledge about? Betting may be gambling, but putting money down on an outcome that I can't price up is no better than buying a lottery ticket. That's not the way to make money in this game.
posted by Rob Crawford at 10:18 AM
1 Comments:
So you're not offering betting advice on which parole releasee is likely to be a total nutter then Rob?
Just another night out in the Hutt Valley really
Leg Break
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