I can see you have strong opinions on tennis trading, and please correct me if I’m wrong, but the gist of it is that tennis trading from home is not/cannot be profitable?
I don’t trade tennis but would be keen to hear your thoughts on other well known tennis traders such as Punt.com and Peter Webb?The gist of my thoughts are that the average home-trader is at a huge disadvantage and very unlikely to find an edge that will generate a long-term profit. I suppose my opinions come across as strong,but I have never been a big trader of tennis, mostly because I find the sport rather boring to watch most of the time, and so I don't really care too much.
I just see all these newcomers, or old-comers like Tennis Trading, who seem to thing making a profit in their spare time is a piece of cake. I don't agree, and my reasons for arriving at the conclusion that for most of us, it's a waste of time and money, are all contained in recent posts and don't need to be repeated here.
Matt, of the now retired punt.com, is a pretty sharp guy, not only because he came down on my side on the Cassini v Iverson debate writing:
"the date is meaningless imo. If you need target, try retirement day, otherwise, date is just a random point. The sporting calendar has peaks and troughs..timeline of betting decisions should be linear. Picking a point on a very long line, pointless."Exactly. However, while his path hasn't crossed mine in well over a year, I don't believe he's a part-time home trader, but actually a full-time professional gambler, and appears to still know what he is doing after his latest huge win:
I jest. I suspect that like myself, one of Matt's strategies is to lay low (1.0x), and even though the upside can be huge, it's still not pleasant to take a loss. Having taken a position, there's nothing wrong with eliminating the possibility of a loss but keeping a large green on the other side, but Serena managed to win, so the big pay day will have to wait. I just hope Matt invests his £1.36 wisely.
Peter Webb is familiar to most of us from his blog which is actually more of a tool written in 'business speak' for promoting his Bet Angel product than the revelations and ups and downs of a part-time home trader like most of the blogs out there. His latest post is a typical example, and starts:
Happy 4th of July to our American users. Hold on we don’t have any (yet)!
But the independence I am talking about takes a slightly different slant anyhow.
When we first designed Bet Angel it was a very simple one click interface. As time evolved we branched the product out to include more and more features, it was a reflection of our journey through the markets.I must say that although I enjoy a good science book from time to time, this is the first time I have read anywhere that time itself "evolves" - an interesting idea anyway. If Peter is developing a time machine, he'll have a good shot at beating the court-sider based syndicates!
Anyway, I have no idea how much money Peter makes from tennis trading, or even if he considers tennis his primary trading market, but regardless, the two names discussed here are both involved in betting full-time, and not the casual home-trader I have in mind for my words of caution.
It would be interesting to know from either gentlemen however, how the tennis markets have changed from their perspectives over the past three or four years with the presence of court-siding syndicates.