Trading Technique?
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Maybe something people would not like me sharing, or could be something that is well known already, but I thought it was quite interesting.
Coral this morning boosted Aguero to score anytime to 3.0, I looked at the lay on betfair and the back/lay was around 2.4/2.44, which usually I wouldn’t have queried, however, I noticed underneath Kelechi Iheanacho was laying for around 2.1/2.12. Which seemed odds that he was more likely to score anytime then Aguero.
Clearly what happened was due to the Coral offer everyone was laying Aguero, and therefore this made the lay price artificially increase to a price which wasn’t accurate.
I decided to wait and right now the lay price is more realistic of 1.92/1.92, which is quite a considerable difference to the 2.4/2.44 earlier this morning.
The question is, I was almost certain that the lay price would drop to the more accurate price once the Coral offer had been removed. Therefore I’m pretty confident I could have backed a nice sum on Aguero at 2.4 and waited until around now to lay it off at 1.92.
From my limited knowledge of Trading (if this is even classed as trading?) it can be quite risky if the odds were to have drifted the opposite way, but in this scenario I was almost 99.9% sure the odds would move in my favour.
Open to suggestions on whether this would have worked if I had gone for it?
Cheers lads.
