Over the past few weeks I have been totally hooked on the twenty/20 world cup, this was an event that I didn't trade but I certainly learnt a few lessons on how money can be made from the event.

What surprised me in the large price swings, say if the bowling team took an early wicket and the downward movement following a four or six was unreal. What sruck me was punters over-reaction to the commentators analysis of the match, they're paid to give the impression it going to an exciting finish, even its not.

I saw batsman hit a six off the final ball of the over and the price drop to below it was 2 overs previously yet the overall runs required per over had increased. I am still going through my notes from paper trading the whole tournament, but you could have made healthy trading profit by laying the favourite prior to the start of each match. 

My first cricket trade

If you take Mondays final between India and Pakistan, India traded as low as 1.05 when Pakistan losted their seventh wicket. I found it hard to believe the amount of money being matched at that price. I decided to take £800 out of the market for £40 liability, there was very little downside and I knew if Pakistan hit a couple of boundries on the spin India would only drift

A six off the second ball the price moved to 1.13, then a single, another single, then a refused single and finally 6 off the last ball. the price on Pakistan had moved out to 1.3. I traded out by backing India with £700 at 1.3 for a £170 on them and £100 profit on Pakistan. I had made this money in matter of couple minutes, all for the risk of £40, but I did miss the big over of the match. Pakistan hit the first two balls of the over for six and their price was in freefall, but for a couple of minutes work in a market I have never traded before; I was pleased.

In summary

I am still going through my notes and analysis of the matches that I watched, I will report back at another time my findings. I am not 100% sure on how the markets flux, but I have an idea of what is affecting those markets and its only matter of time before I find the money making pattern. I had made money on my first trade, but missed a huge opportunity through lack of knowledge of trading this sport.

My advice if you are going to enter a new market you have never traded before enure that you have a very little downside (risk)or you keep your position to a minimum.