Going to try something a bit different on the golf trading this week. So far, I've did remarkably well trading on players who start at 500+ before the tournament by backing them and laying off during the tournament.
However, one issue I've found with this strategy is that you really need players to do very well before you can lay them off for a decent profit.
An easy example was Parker Mclachlin last week. I had £1,500 return on him left at the end of the tournament and he was in the top 10 for the last 2 days and only dropped away at the very end. I was adamant that I wasn't going to trade my £1.5k return in for £15 when he was only 3 shots back in the final round and this decision ultimately cost me £15 profit.
Looking back, his lowest price matched was around 20 which is disappointing considering he was in with a shout of winning the tournament.
This week, I've selected golf players who are quite well fancied and who I think have a decent chance of winning the tournament. I'm guessing that if any of these guys make it into the top 10 with the final round to play, they will be trading at a much lower price than someone who started the tournament at 1000 and I should be able to make more money from these guys.
It will be interesting to see what happens...........
Incidentally, look out for my guys in round 1. In the 4 tournaments where I've traded, I've had the leader at the end of round 1 3 times. Fingers crossed it's 4 out of 5 tomorrow!
Just in case I do stumble across the leader, I'll put in lays tonight on all of my players and I'll be happy to get any of them matched in round 1.
Below are my players and the current returns. My exposure is £66 this week, so I'll see if I can make a profit or not!