Trading Test cricket on Betfair (or on a betting exchange) can be very profitable just from trading price movements.
For example, if you have a £100.00 betting bank, it is fairly easy to win £3.00 to £5.00 a Test match as a bare minimum, and this is just by trading one to two tick price movements at a time.
Ok, so this method is a slow burner, in fact it can be a very slow burner depending on how cautious you wish to be, but if done correctly with plenty of patience and discipline it is a relatively risk free method of making money from betting on cricket.
To improve your chances of being successful using this method I believe it’s best if you work on a percentage ratio, as opposed to cash figures.
Working on a percentage basis is far better for reasons of discipline and is far better at preventing greed from taking over.
Using the £100.00 betting bank example I referred too above, it could work like this….. Instead of looking at it as £2.00 to £5.00 profit, look at it as 2% to 5% profit.
Who is going to be satisfied with winning £2.00 to £5.00 on a Test match? Not many people. That’s why working on percentages is far more practical when using this method.
Look at the long term objective. 2% to 5% of £1000.00 is a good bit more money, while 2% to 5% of £10,000.00 is a lot of money.
If you feel confident enough, you can start with £100.00 or maybe £500.00. If not, or if you merely want to experiment and see if you have the required discipline (which I have struggled with) then start with £10.00 or £20.00, and just see how you get on.
As I mentioned at the start of this blog post, you can win 2% to 5% a match just trading one tick price movements, this method can be used trading price movements before a ball is even bowled (they do happen, believe me!).
Whether it be pre match, or during a match, I would put a few quid in a betting exchange account (I use Betfair) and just have a play about with it and see how you get on.
Personally, I prefer using this cricket trading method for Test match betting. Why? Because Test cricket is more slow and serene, meaning large price swings are far less frequent, especially in the early stages of a Test match. Whereas the shorter forms of the game are more volatile and far more susceptible to big price swings.
So if you want to take it more slowly, or are new to this cricket trading method, I would recommend starting out on Test cricket.