Greetings all. It’s the 1st of July and that can only mean one thing – It’s Wimbledon fortnight. The greatest tennis tournament has kicked off and there is an insane number of matches to watch, enjoy and (hopefully) make a little bit of money from.
Over the coming 2 weeks, my attention will be focused on Wimbledon and putting into action some ‘set and forget-style strategies‘ for gaining exposure to matches. These are intended to mimic (as best as possible) some of the typical trades I would take when trading in-play.
But, with something in the region of 50-60 matches per day in these first few days, trading any more than 1-2 matches at a time is very chaotic and stressful. So, these strategies are intended to gain me an equivalent exposure but without having to watch the matches. These vary from backing favourites at higher prices in-play, to backing underdogs I feel are mis-priced and where I can profit from a price swing in my favour that will trigger an order placed in the market that can either result in a risk-free bet on the underdog winning or generating equal profits on both players regardless of who goes onto win the match.
So, to hold my self accountable, I thought I would launch a mini-project and maintain a live results page documenting my progress betting Wimbledon 2019. Will I turn a profit or be dumped out in straight sets? Who knows, but it will be fun finding out 🙂
The theory is sound, but let’s see how things fare when put into practice real-time. These strategies are largely derived from my tennis model work but applied more dynamically as described above. Stakes will be fairly small at around £10 risk per match, so this project is not about making vast sums of money, rather a proof-of-concept of these ideas.
So, check out the results page later to see how I fare. There are so many matches today, I have to keep my eyes on the markets, but fingers crossed. Most of all, if you are a tennis fan, enjoy Wimbledon fortnight!