As usual in the bigger golf tournaments such as The Players Championship, Thursday morning sees some big price drifts on perceived outsiders on the Exchanges. This morning the Betfair Players Championship market is no different and the following strategy can be implemented to take advantage of this, or used as a guide to equip yourself with a decent potential position....
Players Championship back to lay trading pointer
1. Dutch Kevin Streelman (140.0), Martin Laird (180.0) and Brendon De Jonge (140.0) - the below screenshot shows you the stakes (to a £100 outlay) to do this (right) and the state of your book when you do (left)
2. Place a lay order on each player at 16.0 for your total outlay of £100. See below for the change of position should a player hit target odds (Laird in this case). The book would be zeroed with big profits remaining on the three.
3. If things go well, I'd look to completely exit my position after 54 holes but depending on whether you're more of a scalper type or swing trader, the point at which you exit is down to your own discretion.
Feel free to comment below or ask questions: tweet me @Nicspicks