tag:blogger.com,1999:blog-197124332024-03-07T21:34:32.330+00:00disguised unemployment- an economist looks for a calling in betting on sportsNitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.comBlogger242125tag:blogger.com,1999:blog-19712433.post-72669286838302258172012-02-26T17:17:00.002+00:002012-02-26T17:17:26.055+00:00Arsenal v/s Tottenham<div dir="ltr" style="text-align: left;" trbidi="on">
Arsenal 5 - 2 Tottenham!<br />
What a day to be a gooner, ;)<br />
<br />
The gunners hosted their north London rivals in the EPL this weekend after 2 consecutive losses. The spread was suspended by the 70th minute when Arsenal came from 2 goals behind to score 5 consecutive goals.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigVQBXhmhJH6bixQAiTpe5LLibe8vHi5kN5NZeRUYKJkiWKAq64XgSrSOHWvfvHkXYVEYkInAW6s2FvELs6U9cF7DoXFAkfUxxez74YTXN79vUbEKwpMW84JB4C2R99sS4AHe5/s1600/odds.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigVQBXhmhJH6bixQAiTpe5LLibe8vHi5kN5NZeRUYKJkiWKAq64XgSrSOHWvfvHkXYVEYkInAW6s2FvELs6U9cF7DoXFAkfUxxez74YTXN79vUbEKwpMW84JB4C2R99sS4AHe5/s320/odds.jpg" width="320" /></a></div>
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The graph shows how incredibly volatile the prices were.</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-5982216132153618732012-02-26T13:12:00.000+00:002012-02-26T13:28:18.281+00:00Orissa in the Ranji Trophy<div dir="ltr" style="text-align: left;" trbidi="on">
This team came in last place in the recently concluded Group A of the Ranji Trophy Elite league. Their 2011 season did not include a single win in 7 games; and all they had to show for their efforts were 3 draws among 4 losses.<br />
<br />
The team's position at the bottom of the table is a clear function of a squad that mostly consists of bit players with poor stats. None of them are household names and one can't see this situation changing any time soon. Just 3 of their batsmen have a batting average above 30.0; while only 1 bowler has a bowling average below that.<br />
<br />
On a positive note, any youngsters about to break into the state team can eagerly await a call-up as this is one side that's carrying a lot of deadwood. There should be quite a few spots available in this Orissa side by the start of the next season. Also, Orissa has a history of providing its youngsters with opportunities to play first-class cricket, and this squad had an average age at debut of just over 21.<br />
<br />
The 16 member squad has an average age of 25, the youngest member is 20 while the oldest among them is 30. Their entire cumulative experience amounts to 251 matches over 61 seasons. The relative inexperience of the team is mostly on account of the inclusion of 5 debutants in the squad this season.<br />
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<u>Players who should be let go:</u><br />
The following 5 players have had the opportunities to prove themselves at this level, but haven't been able to make a case for continued selection in the future. Some of them have surprisingly poor stats and this may well be a reflection of the lack of competition for spots in this team. However, its about time some youngsters were blooded here, at any rate they'd have some difficulty being worse than these five.<br />
<br />
<ol style="text-align: left;">
<li>The oldest member of the team is 30 year-old Subit Biswal, who should be a very worried man. He made his debut in 2002 at the age of 20, but has played only 27 matches over the last 10 seasons. Having bowled only 18 deliveries at the first class level his primary role is very obviously that of a batsman. However, with a career batting average of only 22.93 he ranks only 132nd among all players in this league. I'd be very surprised to see him return for next season.</li>
<li>Another candidate for relegation is 27 year-old Paresh Patel. Another lad who made his debut at the age of 20 in 2005, but has played only 17 matches over the last 7 seasons. Paresh has a batting average of just 24.59 from 27 innings and 8 wickets at almost 71 runs apiece. He comes in at 127th in the batting average ranks.</li>
<li>27 year-old Bikas Pati is a batsman with an incredible average of just 19.35 from 48 innings. His first-class career has spanned 30 matches over 6 seasons. How he managed to keep his spot so long is definitely a point to ponder. He ranks 150th in the batting averages, and with just 20 legal deliveries to his name he doesn't make a case for inclusion as a part-time bowler either.</li>
<li>Dhiraj Singh, a 25 year-old spin bowler made his debut in 2008. Since then he has a tally of 45 wickets from 17 matches at a very expensive average of 41.56 apiece, which puts him outside the top 100 bowlers in the league.</li>
<li>Preetamjit Das is a 26 year-old medium pacer who doesn't get too many matches. He made his debut in 2006 but has played only 11 games since then. With a haul of 25 wickets at an expensive 34.60 runs apiece he ranks 74th in the league. He gets his wickets at an average of 2.27 every match, has an economy rate over 3.1 per over and strikes every 66 deliveries. He just might be able to hang onto his place if there aren't any decent young bowlers pushing for a place in the state team.</li>
</ol>
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<br />
<u>Lone-star:</u><br />
A rare bright spot in this dreary mire<br />
<br />
<ol style="text-align: left;">
<li>26 year-old medium pacer Basant Mohanty is a rarity in this team, he's ranked 10th in the overall bowling averages. Having made his debut at 21, he's now played 34 matches over 5 seasons. With 125 wickets at 23.54 runs each, he averages 3.68 wickets per match, leaks only 2.44 runs every over and gets a wicket every 57.8 deliveries. At this level, Basant ranks at 13th for wickets per match and at 14th for his economy.</li>
</ol>
<br />
<br />
<u>Watch-list candidates:</u><br />
These players should be on notice to raise their performance levels, but considering that there is so much dross to get rid off before the next season they might well be safe.<br />
<br />
<ol style="text-align: left;">
<li>24 year-old Natraj Behera is easily the best batsman in the team. With 15 matches from 4 seasons, he has an average of 40.52 from 25 innings, which ranks him in the top 50 batsmen in the league.</li>
<li>Another 24 year-old Biplab Samantray made his debut in 2010. He has played 16 matches over 2 seasons, with an average of 33.52 from 26 innings, which places him at 85th spot.</li>
<li>Subhrajit Sahoo is a 24 year-old batsman with an average of 29.26 from 24 innings over the last 3 seasons, which places him outside the top 100 batsmen in the league.</li>
<li>Halhadar Das, the 26 year-old wicket keeper averages 2.97 catches every match but manages a stumping only once every 10 games, which may well be an indictment of the quality of spinners in the squad. He is handy with a bat and has a batting average of 32.59 from 52 innings. </li>
</ol>
</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com2tag:blogger.com,1999:blog-19712433.post-70241183354537840412011-12-06T18:59:00.001+00:002011-12-08T09:14:21.373+00:00Olympiakos v/s Arsenal - Champions League<div dir="ltr" style="text-align: left;" trbidi="on">
Arsenal to win / draw @ 2.75<br />
<br />
A tempting price on offer due to a younger and relatively inexperienced version of a gunner team playing away in Greece. With the home team facing a potential spot in the pre-quarters, they will be very up for the game as will their support. Which Arsenal team turns up will pretty much decide the outcome.<br />
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Half-time update: Olympiakos 2 - 0 Arsenal<br />
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The graph below shows how the spreads moved during the first half an hour of the game. The second goal widened the spreads so far that I haven't bothered depicting it here.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmJbI2sOvhoyvttIix6dCyW_Ze1vSNxf1ajpvlFV4mSQFokbXuqc7QrT83u6VfRy-oNfvr1UO1svciel6OP8dgCH4Zbrms-tsThzEhPr7_yDdg25E9qWY1jkZjfrF7KBocQdLt/s1600/odds.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmJbI2sOvhoyvttIix6dCyW_Ze1vSNxf1ajpvlFV4mSQFokbXuqc7QrT83u6VfRy-oNfvr1UO1svciel6OP8dgCH4Zbrms-tsThzEhPr7_yDdg25E9qWY1jkZjfrF7KBocQdLt/s320/odds.jpg" width="320" /></a></div>
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Full-time update: Olympiakos 3 - 1 Arsenal<br />
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Unfortunately, the crappy second string turned up for the gunners. The price on Arsenal to win became laughable after the first 30 minutes.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdezYELsJeMMh7EX793r-48oWisfggAseErhZ9TnoguDx3YkCGHNBfpBbh1mVJm7-N6D0sjrw5obfJakaOiWc3NLaGf0i1huKGXoSCDAa8bXBFXPKXQHqkyFo5lfbWxw3UWG6I/s1600/odds.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdezYELsJeMMh7EX793r-48oWisfggAseErhZ9TnoguDx3YkCGHNBfpBbh1mVJm7-N6D0sjrw5obfJakaOiWc3NLaGf0i1huKGXoSCDAa8bXBFXPKXQHqkyFo5lfbWxw3UWG6I/s320/odds.jpg" width="320" /></a></div>
<br /></div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-78028789820190113172011-11-30T13:22:00.001+00:002011-11-30T13:30:23.367+00:00Carling Cup Quarterfinals - Arsenal v/s Manchester City<div dir="ltr" style="text-align: left;" trbidi="on">
I really should have taken a position on City to win / draw; but didn't considering Arsenal were playing at home. The only player on the field who noticed the home fans was probably Nasri, as he got booed everytime he got anywhere near the ball. The usually sedate Arsenal home crowd was in good voice throughout the game just for heckling him. Anyways, the movement of the spreads doesn't show it, but the match flowed both ways, with both teams having opportunities to get ahead. Only a late defensive lapse by Arsenal led to their exit here.<div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieA12SHQEyv8v8G5Z09_Rr1au_6tAwDD-mWTCp_W8CddSikNKW2K_ZwYPsWBVNR-QDOmFp97A6YzBR7wSzb-ZM87lD4KCcOMP-G-byZIKLUbbDJGLdO1Z9MnattLIvE2ig20fv/s1600/odds.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieA12SHQEyv8v8G5Z09_Rr1au_6tAwDD-mWTCp_W8CddSikNKW2K_ZwYPsWBVNR-QDOmFp97A6YzBR7wSzb-ZM87lD4KCcOMP-G-byZIKLUbbDJGLdO1Z9MnattLIvE2ig20fv/s320/odds.jpg" width="320" /></a></div>
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<div>
Prices on Arsenal to win reached ridiculous levels (upwards of 30.00) after City scored the only goal in the game.</div>
</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-11732531991349112392011-11-23T20:47:00.001+00:002011-11-23T21:42:59.822+00:00Arsenal v/s Borussia Dortmund<div dir="ltr" style="text-align: left;" trbidi="on">
Arsenal to win / draw @ 1.5<br />
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The gunners really should seal their spot in the knockout stages of the UEFA Champions League with a win at home.<br />
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Half-time update: 0-0<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1blJBSm39fUrt0hx6OUxVwHKfQ3PpllaY2VUwY4Tfdm9PEKSPi7eob2hTrjDErnaKK8SfOqqPTH0H1IAVE6jFQ66QoCVJxBThNlwKCrCZjbzf9pJ1Sb0DE3iDPDZclXMVdBOE/s1600/odds.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="186" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1blJBSm39fUrt0hx6OUxVwHKfQ3PpllaY2VUwY4Tfdm9PEKSPi7eob2hTrjDErnaKK8SfOqqPTH0H1IAVE6jFQ66QoCVJxBThNlwKCrCZjbzf9pJ1Sb0DE3iDPDZclXMVdBOE/s320/odds.png" width="320" /></a></div>
The price doesn't really reflect the Germans efforts so far. The visitors have done well to pierce the Arsenal defense on quite a few occasions. Their supporters have also been in better voice than the usual insipid home crowd at the Emirates.<br />
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Full-time update: Arsenal 2 - 1 Borussia Dortmund<br />
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The second half was a completely different game. Arsenal came into their own, scored 2 goals and (being Arsenal) took their foot off the gas to let the German side get a consolation goal, during injury time. I stopped tracking all prices by the 80th minute, and in fact the price on Dortmund to win became ridiculous by the 65th minute itself.</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-7976114624684836912011-11-15T16:47:00.001+00:002011-11-15T21:55:34.759+00:00England v/s Sweden - friendly at Wembley 2<div dir="ltr" style="text-align: left;" trbidi="on">
England to win @ 1.80<br />
<br />
After their very Italian style victory against the World champions last weekend, this English side should be odds on favourites for a victory against the visiting Swedes this evening. In fact, i'll go out on a limb here and state that the prices offered for a home victory are worth taking on and i'd expect these to reduce over the course of the match.<br />
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Half-time update: England 1 - 0 Sweden<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxQzMyIMlBm0nqyUXKDPtZ9oYKLkaCg35JO85qACyshx9VsTXTT6vyXBdhyphenhyphenRSCRU8GVtC3rpzCEFDC7RRGOifslRaldpF2mE4up60dUSuVVudLI_mCXaiZBe5V3LzgPgfbIvSh/s1600/odds.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxQzMyIMlBm0nqyUXKDPtZ9oYKLkaCg35JO85qACyshx9VsTXTT6vyXBdhyphenhyphenRSCRU8GVtC3rpzCEFDC7RRGOifslRaldpF2mE4up60dUSuVVudLI_mCXaiZBe5V3LzgPgfbIvSh/s320/odds.jpg" width="320" /></a></div>
The above graph of the prices tells the story of a one way match. The spreads took off after the 25th minute, thanks to an own goal by the Swedish. In fact, the spread should have been even wider with England at least 3 goals up. However, quite a few botched chances have kept the Swedes in this game and I wouldn't rule out an equaliser.<br />
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Full-time update: England 1 - 0 Sweden<br />
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The spreads continued to widen in the second half, though nothing material really happened. The English couldn't get another goal, and the Swedes had a few shots at the target too. I stopped tracking the price on a Swedish victory as early as the 65th minute; the runaway prices (at one point in the game it was over 100:1) were playing havoc with the scales on the graph.</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-81403344308930693292011-11-12T15:37:00.001+00:002011-11-12T21:14:15.003+00:00England v/s Spain - friendly at Wembley<div dir="ltr" style="text-align: left;" trbidi="on">
Spain to win / draw @ 1.30<br />
<br />
A weakened English side should pose no difficulty to the all conquering Spanish (Barcelona) side. Got to feel for Capello, chap's missing the wedding of his son for this.<br />
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Half-time update: 0-0 at Wembley<br />
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Surprisingly flat at Wembley in the first half. The Spanish have dominated possession but have nothing to show for their efforts as yet. They're looking more like Arsenal rather than Barcelona. I could fancy England to steal a goal here, against the run of play.<br />
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Full-time: Spain lose!<br />
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As surmised, England scored early in the second half and never looked in trouble after that. A little luck along the way did help, of course. As evident in the above graph, the spreads crossed as soon as the goal went in and got progressively worse. Tough on the world champions, and the Arsenal quip I made earlier turned out to have rung true.</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-77228517387192660132011-11-10T19:29:00.001+00:002011-11-12T15:30:23.713+00:00Pakistan v/s Sri Lanka - 1st ODI<div dir="ltr" style="text-align: left;" trbidi="on">
Either team to win @ 1.90 each<br />
<br />
Pak host SL in their adopted home ground in the UAE. The markets are undecided on a favourite as of now, but I believe this match will swing both ways over its course. I'll post updates on the price movements during the game.<br />
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Early half-time update: SL bowled out in 40 overs<br />
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The price has just moved one way in this match. The Lankans kept losing wickets at regular intervals and never really got a partnership going. Its hard to see this game becoming interesting, but the Dubai Sports City pitch is a slow one and might well get worse during the 2nd innings. With 131 on the board SL are definitely quite a few runs short, but I wouldn't put it past Pakistan to have a batting collapse.<br />
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Full-time update: SL lose!<br />
<br />
The spread just got progressively wider, as the Pakistanis never got their foot of the accelerator. Good win for the guys in green to start the series, and it should pull in a few more of their supporters to the grounds. On the plus side, the prices for the next game will be better than those at the start of this one.</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-58728949198029123812011-10-31T20:29:00.000+00:002011-11-01T05:25:16.164+00:00Chargers v/s Chiefs<div dir="ltr" style="text-align: left;" trbidi="on">
American football (NFL): Kansas City Chiefs to win @ 2.45<br />
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<br /></div>
<div>
Playing in front of a home crowd with 3 wins on the trot, one could expect the Chiefs to be the favourites here. The game should present an opportunity to square-off the position.<br />
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Full-time update: Chiefs win!<br />
<br />
In the third quarter there was an opportunity to square-off the position taken on the Chiefs. However, it would have reduced the profits on the game significantly.</div>
</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-23839362853475920332011-10-31T17:27:00.001+00:002011-10-31T17:27:12.315+00:00Where's a pick-me-up when you need one?<div dir="ltr" style="text-align: left;" trbidi="on">
It was one of those days when you feel down with the world, being Monday can't have helped. Then I came across<a href="http://dilbert.com/blog/entry/good_news_day/"> this post on good-news</a> that got me smiling again. We all have much to be thankful about and there's hope for us yet, thanks for the reminder Scott.</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-44556566082315674672011-10-31T09:14:00.001+00:002011-10-31T09:30:45.953+00:00Happy halloween<div dir="ltr" style="text-align: left;" trbidi="on">
This months payoffs on sports betting:: 13.4%<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHZg0OeKvMksSAGaTN2Fzi3A0KstjPTMHVkIV1FZFx1iBiTqF8uiJYRZkjwwYq_zaUXc2lkB-RfmZzq_TdhsU_MMyx2piF3npGx3gJI8k-u-8rwiJGafS1yfvFLcmRY1AhfWSx/s1600/odds.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="186" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHZg0OeKvMksSAGaTN2Fzi3A0KstjPTMHVkIV1FZFx1iBiTqF8uiJYRZkjwwYq_zaUXc2lkB-RfmZzq_TdhsU_MMyx2piF3npGx3gJI8k-u-8rwiJGafS1yfvFLcmRY1AhfWSx/s320/odds.png" width="320" /></a></div>
have called the result correctly 46% of the time, with an additional 38% results being squared-off. Hence, been absolutely wrong only for 15% of the games staked. Overall, providing a tax-free return (non-annualized) of 13.43%.<br />
<br />
During the month, betting on Cricket has been the most profitable with a return of 22.82%. </div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-9663707856446728352011-10-30T06:54:00.002+00:002011-10-30T06:59:08.058+00:00An apparent undersupply of good economics blogs<div dir="ltr" style="text-align: left;" trbidi="on">
and curiously few blogs written by female economists.<br />
<br />
That's the conclusion reached by <a href="http://voxeu.org/sites/default/files/file/DP8558.pdf">Mckenzie & Ozler in a paper tracking the impact of economic blogs</a>. They find that a research paper that is linked to on a popular blog results in a substantial increase in abstract views and downloads, with the bloggers becoming better known and more respected within the profession and also that blogs influence attitudes and knowledge. They also surmise that the reason why more economists don't blog is that even smart and very good economists can't easily do so without embarrassing themselves as the skill sets required are simply very different.<br />
<br />
Abstract reproduced below (without permission):<br />
"There is a proliferation of economics blogs, with increasing numbers of economists attracting large numbers of readers, yet little is known about the impact of this new medium. Using a variety of experimental and non-experimental techniques, we try to quantify some of their effects. First, links from blogs cause a striking increase in the number of abstract views and downloads of economics papers. Second, blogging raises the profile of the blogger (and his institution) and boosts their reputation above economists with similar publication records. Finally, we find that a blog can transform attitudes about some of the topics it covers."</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-4798266728398139582011-10-29T16:58:00.001+01:002011-10-29T16:58:06.088+01:00India v/s England - Only T20<div dir="ltr" style="text-align: left;" trbidi="on">
Got to love T20 for the volatility.<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiv2lQMfzD0IX5PsRGbNAi3ifekA6mL4jxa3Ord3tl4AM3asJ516v37Dn2P4-oF2xTtCiAEMQPcq5iQdEKRRO0gBCALqSHLNCLmC3FP6UnIUTUh7AZbOW6KgQhBd4hr2MUsFlY4/s1600/odds.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="186" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiv2lQMfzD0IX5PsRGbNAi3ifekA6mL4jxa3Ord3tl4AM3asJ516v37Dn2P4-oF2xTtCiAEMQPcq5iQdEKRRO0gBCALqSHLNCLmC3FP6UnIUTUh7AZbOW6KgQhBd4hr2MUsFlY4/s320/odds.png" width="320" /></a></div>
The match started with India as comfortable favourites @ 1.60 and England @ 2.25. The Indians won the toss and decided to bat first. It took 2 quick wickets (both openers Uthappa and Rahane) for the first squaring-off opportunity to present itself. A partnership between Raina & Kohli kept India in the game with the price on India to win improving. However, the Indian innings never really got going and it took all of Dhoni's experience to get them to a run-rate of 6.00 at the end of their innings, as a result England were strong favourites at the break. I've tracked the prices till the 8th over of the English innings to better show the price volatility during the game, but there were even wider spreads on offer till the 12th over (as high as 10.00 on India to win) after which the markets closed as the English batsmen made sure that the advantage earned by the bowlers was not squandered.</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-44810526193179974742011-10-29T12:33:00.002+01:002011-10-29T12:33:46.545+01:00BBC Documentary on Pakistan<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/JJdFqioR-YA" width="560"></iframe><br />
<br /></div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-65921115687236750472011-10-29T05:24:00.002+01:002011-10-29T05:25:00.923+01:00Moral hazard<div dir="ltr" style="text-align: left;" trbidi="on">
Paul Krugman makes <a href="http://www.nytimes.com/2011/10/28/opinion/krugman-the-path-not-taken.html?_r=1&nl=todaysheadlines&emc=tha212">a valid point in this NYT article</a>. Businesses need to be allowed to fail, that's part of the game. Just because an organisation is in the business of banking is no reason for it to be salvaged by tax payers. Imposing these salvage costs on taxpayers, while cutting back on their payouts in the name of austerity just makes voters paint all banks and bankers as evil Shylocks. Bailouts are bad news for a few reasons, (a) laying the seeds of future failures, bankers under stress to raise their returns will likely take on riskier bets knowing that a bailout option exists if things go bad (b) where's my incentive to be cautious and prudent (means earning lesser returns than the gamblers) during the booms if the guys who make mistakes don't get wiped out in the fall.</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-34770949929246503722011-10-27T15:10:00.004+01:002011-10-29T05:10:55.372+01:00South Africa v/s Australia - 3rd ODI<div dir="ltr" style="text-align: left;" trbidi="on">
SA to win @ 1.8; Aus @ 2.0<br />
<br />
The series decider in Durban, offers a very tight spread. Won't recommend taking a position now. Once the game starts, Australia will do worse than the price here suggests and a more palatable price will be on offer. The Saffers are playing in Durban, not their traditional stronghold, and a series decider under an interim captain should definitely bring up a price that allows a squaring-off.<br />
<br />
---------------------------------<br />
Half-time update: SA 222/6<br />
SA to win @ 2.75 / Aus to win @ 1.44<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5V_FQI7ksBDkYHNjpSVUtZDIxMKw_TWE0RMUV9JfI_BSq5I8LVqMrGUD-KJ8U7bUw-upQKMufYKAA8wafSeheCBNFVlPNQLNygut7_-cbtGhXzUwgAp2cuC3PLoaQZe7wF9wL/s1600/odds.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="187" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5V_FQI7ksBDkYHNjpSVUtZDIxMKw_TWE0RMUV9JfI_BSq5I8LVqMrGUD-KJ8U7bUw-upQKMufYKAA8wafSeheCBNFVlPNQLNygut7_-cbtGhXzUwgAp2cuC3PLoaQZe7wF9wL/s320/odds.png" width="320" /></a></div>
The spread widened before the game started and stayed flat for 12 overs, till Smith got himself out. The following partnership between Amla and Kallis lowered the price on SA again. However, the innings never really got going though SA were well set at the 40th over stage with only 3 wickets down. Steady loss of wickets in the death overs ensured a below par score. Right now, the price on SA to win looks generous, and I would expect the price to weaken before the 2nd innings starts.<br />
<br />
------------------------------<br />
Full-time update: Aus win! In the 48th over and with 7 wickets down.<br />
<br />
As expected the Aussies pressed home the advantage and won the match, though not as convincingly as might be expected. However, the 2nd innings didn't provide any surprises in prices as the spread continued to widen throughout. I haven't bothered with providing a graph here as it would only show a continuation of the trend above.</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-39245770579879294332011-10-25T07:03:00.001+01:002011-10-25T17:00:33.412+01:00India v/s England 5th ODI<div dir="ltr" style="text-align: left;" trbidi="on">
India to win @ 1.57<br />
<br />
Almost a dead rubber match, other than England's desire to avoid a whitewash. If the Indian team want to return the hospitality extended to them during the English summer this might be an interesting match-up. I doubt anyone will be very up for this match, even the crowds might well keep away, wouldn't expect full attendance at Eden Gardens today. At the fag end of a disastrous tour, doubt if England have the stomach for a last effort, especially one that really wouldn't amount to a meaningful result. Expect the price to be below this for most of the match.<br />
<br />
----------------------<br />
Half-time update: India to win @ 1.44<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-baC8oHOIASyKZ_HjSt6gQsailha8-niHtVwWSJNw-OnBPHNAbQhNOMpXZTpv_LUONEBHMFoNc4JROjuKZpHqbr3NZf2jGmzLL-3BJBWy9Mije9fUEmw_-69eT7Po-Rz38ftv/s1600/odds.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="187" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-baC8oHOIASyKZ_HjSt6gQsailha8-niHtVwWSJNw-OnBPHNAbQhNOMpXZTpv_LUONEBHMFoNc4JROjuKZpHqbr3NZf2jGmzLL-3BJBWy9Mije9fUEmw_-69eT7Po-Rz38ftv/s320/odds.png" width="320" /></a></div>
A strong finish by the Indians, after an equally strong start. They almost lost the match in the middle overs, and the only reason the prices didn't intersect at any time is probably because India are playing at home. Given the target of 272 for England, the price should be much lower than 1.44 and is probably a reflection of a weak Indian bowling attack but i'll recommend taking a position at this price as it'll likely decline pretty soon into the game.<br />
<br />
--------------------------------<br />
Full-time update: India win! We're in the money.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiIzwGQ8fayTuxEuXgn0p4D54F15qlWUaGBJN-heEcIVHduoIWWVNGRTnYtB1b20RCFDL_wobjBKDbPOxNNx6f0QR3M7rIXGWU2pvnGJEcmW8eC3p3793VukMdQJQQpRP1pCtB/s1600/odds.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="187" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiIzwGQ8fayTuxEuXgn0p4D54F15qlWUaGBJN-heEcIVHduoIWWVNGRTnYtB1b20RCFDL_wobjBKDbPOxNNx6f0QR3M7rIXGWU2pvnGJEcmW8eC3p3793VukMdQJQQpRP1pCtB/s320/odds.png" width="320" /></a></div>
Like India, England started well and the price moved against us till the 15th over. And in a repeat of the 1st innings, England had a collapse that let the opposition back into the game. However, the key difference from the Indian innings being that for the English there was no middle order stability provided at all.<br />
<br /></div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-81912364992792582652011-10-23T03:20:00.003+01:002011-10-23T19:48:45.237+01:00India v/s England - 4th ODI<div dir="ltr" style="text-align: left;" trbidi="on">
India to win @ 1.57<br />
<br />
Currently at the wrong end of a 3-0 series tally, the tourists are seriously facing the prospect of a whitewash. However, I expect this England team to put up more of a fight than the price suggests. Will wait for the price to reach 1.75 before entering this space.<br />
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Half-time update: India to win @ 1.16<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnYphAx8L1SJOl69iV5XH1pnF-jiWuihzjXfJynM92ExuBP8tytBiF1b2e4_4HG4ZUPTGaU5LBz3NdjwV4r8ulAimirJhzPTpqMQvcmWlmmdyt_t7N7zDioZfq2HmmN0-YHjQd/s1600/odds.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="187" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnYphAx8L1SJOl69iV5XH1pnF-jiWuihzjXfJynM92ExuBP8tytBiF1b2e4_4HG4ZUPTGaU5LBz3NdjwV4r8ulAimirJhzPTpqMQvcmWlmmdyt_t7N7zDioZfq2HmmN0-YHjQd/s320/odds.png" width="320" /></a></div>
Thanks to regular wickets falling the English never really got going. As evident above, the price on the English only came close to the Indian line when they were scoring at 5 runs per over with only 2 wickets down. As stated earlier, I was waiting for a better price than that offered at the start of the match. Got a decent price on India to win @ 1.80.<br />
<br />
--------------------------------------<br />
Full-time update: India win!<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHDq-e55XM39-gSeVsbogC6Uk31oG8bDDHy2PjU2YkjIzg_Yg-X7LRwiBH5xdq7J2o_lqYBKsZG2nxCJ7qPUMojiZFtNGI3z4eUa9m1VSnlwp4uekoY2cj75l-ClR2oQQ1YYwO/s1600/odds.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="187" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHDq-e55XM39-gSeVsbogC6Uk31oG8bDDHy2PjU2YkjIzg_Yg-X7LRwiBH5xdq7J2o_lqYBKsZG2nxCJ7qPUMojiZFtNGI3z4eUa9m1VSnlwp4uekoY2cj75l-ClR2oQQ1YYwO/s320/odds.png" width="320" /></a></div>
England were very ordinary in the second half of the game. Their price line never really looked like it would bother India's. And yet again, the markets closed early, this time at the end of the 35th over. Horror of a tour this is turning out to be,Strauss must be glad he's not facing the mikes.<br />
<br /></div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-89914325300648096332011-10-23T03:12:00.002+01:002011-10-23T15:32:58.453+01:00United at home<div dir="ltr" style="text-align: left;" trbidi="on">
United to win / draw @ 2.25 / 3.00<br />
<br />
Thanks to City's oil money the Manchester derby does offer better prices than previous seasons. United playing at Old Trafford can be backed to win. However, taking an additional option of a draw makes a minimum return of 25% a mostly safe bet.<br />
<br />
------------------------------------------------<br />
Update: market closed with 20 minutes to go<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgScJog7GhPHsP9Vkgme-uOccDb69lZH8wGIfzwcpfjeaaurS50A8ol1bD-mMwC3aWoCKxq-T3SKE-enYb37PQ3VBJNUTXh2nH5lAcxcGdeAyPd3Ak1qTgJTlRnVWq-VhAHrCBp/s1600/odds.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="187" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgScJog7GhPHsP9Vkgme-uOccDb69lZH8wGIfzwcpfjeaaurS50A8ol1bD-mMwC3aWoCKxq-T3SKE-enYb37PQ3VBJNUTXh2nH5lAcxcGdeAyPd3Ak1qTgJTlRnVWq-VhAHrCBp/s320/odds.png" width="320" /></a></div>
United started as the market favourite, but an early goal for City sent their prices tumbling. After the half-time break their problems got worse with a red card and two additional goals. By the 70th minute United were staring down the barrel at 0-3. The markets had enough and closed early.<br />
<br />
----------------------------------------------<br />
Final score: United 1 - 6 City<br />
<br />
This one went horribly wrong! </div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-5308260901789685782011-10-22T16:29:00.001+01:002011-10-23T11:54:00.536+01:0010% return!<div dir="ltr" style="text-align: left;" trbidi="on">
New Zealand to lift the World Cup tomorrow @ 1.10<br />
<br />
I must confess my surprise that the return on offer is a decent 10 per cent. No offense to the French team, but the All Blacks are playing at home. Even allowing for the fact that France knocked the ABs out of the last edition in 2007, this shouldn't really be much of a contest. I wouldn't be going out on a limb predicting that all the French have got to do tomorrow is just turn up and collect silver. Especially considering that France really shouldn't be in the final tomorrow. If it wasn't for the lone red card in the semi-final, it would be Wales against the All Blacks tomorrow and a much more interesting match-up on offer. I'll post an update at half-time, but I really expect the price to crash in the early stages of the match itself.<br />
<br />
-------------------------------------------------------<br />
Half-time update: NZ 5 - Fr 0<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdeQ7bI8U331Ve09YlMvsWMeP8J4HfwgZkK7ZhAm7A8d7oH4lHkOdaPfkr2hjQZa_Jy3npKdvq0aDhFl8pdlm4Cvh9SQ8b1s382OF5F_5yHM9XStHDtn5InjRihbc4dvy23JuC/s1600/odds.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="187" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdeQ7bI8U331Ve09YlMvsWMeP8J4HfwgZkK7ZhAm7A8d7oH4lHkOdaPfkr2hjQZa_Jy3npKdvq0aDhFl8pdlm4Cvh9SQ8b1s382OF5F_5yHM9XStHDtn5InjRihbc4dvy23JuC/s320/odds.png" width="320" /></a></div>
The French have made a good fist of things, must confess I got their ability to put in the effort all wrong. Further, they've managed to knock out one of the AB kickers. With Piri Weepu not in form this could end up being costly for the home side, especially with the scores so close at the half way stage. The graph above shows that the French actually started quite strongly, with the prices tanking only when the ABs scored a try. The prices moved the other way only when Cruden had to be replaced and this was mostly due to Weepu's 3 missed attempts at goal so far.<br />
<br />
-------------------------------------------------------<br />
Full-time: NZ hang on for an 8-7 win<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiFQm4NAM_zHEgw5Bx54UWH2YWS6dFwwa4mTjaOv-Lclyo9V4eXGwJcGcocOO2lQJ5rJWye8slRuRoxs8gUt90eJfoFkj56n1c5946iLi7XyIb6ZRMq9dQuiqsLvS1uY_1KXbO/s1600/odds.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="187" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiFQm4NAM_zHEgw5Bx54UWH2YWS6dFwwa4mTjaOv-Lclyo9V4eXGwJcGcocOO2lQJ5rJWye8slRuRoxs8gUt90eJfoFkj56n1c5946iLi7XyIb6ZRMq9dQuiqsLvS1uY_1KXbO/s320/odds.png" width="320" /></a></div>
<br />
Must say it got very tense there at the end, much nail biting happened. Have to hand it to the French, they gave the home fans a mighty scare. They made a match of it, what a final! The narrowing spread between the curves at the end indicate how crazily close it got. So we earned that 10% return after all, wasn't as easy as expected.</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-79345611295364556202011-10-17T15:08:00.003+01:002011-10-17T16:45:26.206+01:00India v/s England - 2nd ODI<div dir="ltr" style="text-align: left;" trbidi="on">
England batting first at the Feroz Shah Kotla stadium in Delhi in the 2nd match of the series. The opening price on England to win @ 2.1 was too low to take a chance with. Will wait for the price to move during the 1st innings.<br />
<br />
---------------------<br />
Half-time update<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMmgxO3Fmxj7_2w8uWljk2hNtPXaTP3-aYbe1HuShCCsQsBNdFCRFTejX5JaFUQWvtCkaMQRXxWupzqw8OcDk2HS07tdb2XbLfrJJFM-Yf9cIsj9uWOTInzKlm11vld99gEB46/s1600/England+Innings.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMmgxO3Fmxj7_2w8uWljk2hNtPXaTP3-aYbe1HuShCCsQsBNdFCRFTejX5JaFUQWvtCkaMQRXxWupzqw8OcDk2HS07tdb2XbLfrJJFM-Yf9cIsj9uWOTInzKlm11vld99gEB46/s320/England+Innings.jpg" width="320" /></a></div>
<br />
As evident from the above graph, the first half was just India all the way. The price lines for India and England barely came close during the innings, never mind an actual intersection.<br />
<br />
----------------------<br />
Almost Done!<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDJL3PStSMwO4eKTU2DJDB1y-bC2aFg0XV6PUKU5bs9iwRLQi-4-rwrp5M_ZX6ouMmaiCGwmVlrBJTWaS3ziTvgUUZteQBCRvRUmt_qnTvuQhJ7eBlOoVPuToaN6u9GGUuKNp-/s1600/India+Innings.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDJL3PStSMwO4eKTU2DJDB1y-bC2aFg0XV6PUKU5bs9iwRLQi-4-rwrp5M_ZX6ouMmaiCGwmVlrBJTWaS3ziTvgUUZteQBCRvRUmt_qnTvuQhJ7eBlOoVPuToaN6u9GGUuKNp-/s320/India+Innings.jpg" width="320" /></a></div>
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The markets closed early, with over 60 runs left on the table. That's how badly the English are doing on this tour.<br />
<br /></div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-85103888477230329502011-10-14T17:33:00.002+01:002011-10-15T10:49:39.034+01:00Go Wales!<div dir="ltr" style="text-align: left;" trbidi="on">
The Welsh to beat the French @ 1.72 in the 1st semi-final of the Rugby World Cup<br />
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Obviously, I'd rather support one of the 'home nations' against the guys on the other side of the channel. But this really is an exciting and talented young Welsh side. I expect this to be a closely fought match and I'd normally have opened with a position on the underdogs and waited for an ebb/flow in the game to take a counter position. Accounting for the unsettled dressing room makes France a bad bet here. Only traditional cross-channel rivalry explains them beating the English last week, a result which was very much counter to French form in the tournament thus far. No such sense of purpose likely against Wales. The French have been in the rugby finals twice before, while Wales have never gone past the semis. For the small yet proud nation that the Welsh team represents, that's more than enough motivation.<br />
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Half - time update! Wales 3 - France 6<br />
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This has gone pear shaped very quickly. For the first 15 minutes, Wales were very impressive and France looked disorganised. Then came a harsh red card for the Welsh, with a numerical disadvantage in the scrum and lineouts. Additionally, the second choice Welsh kicker has missed 2 opportunities. Instead of being 9-6 up, they're 3-6 down at half time. Wales seem to have lost the plot, rather than use the strength of their centres to target the French they keep trying to outflank the opposition, which isn't going to happen considering they are a man down. I don't see the Welsh recovering from this, so it looks like it'll be Blues against Blacks in the finals next week.<br />
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Full time - Wales lose!<br />
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Thanks to a display of crappy kicking. It was painful to watch, it did look like neither team wanted to win. At least, they gave each other plenty of opportunities to come back in the game. All in all, this was a game the Welsh lost, rather than a win by France. The real final is tomorrow though, France aren't good enough to trouble either the home team or the Aussies.</div>Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-60227048391154268242011-10-07T21:54:00.000+01:002011-10-09T22:01:06.931+01:00CL T20 - 1st Semi Final<div dir="ltr" style="text-align: left;" trbidi="on">
New South Wales to beat Royal Challengers Bangalore @ 2.1<br />
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This is a move made for a future hedge. I'll just wait for the market to move the other way and cover the position. Given RCB are playing at home, they are fair favourites to win but I do expect NSW to put up a fair fight. As long as they bat first and don't have to deal with the explosive RCB batting strength.<br />
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Update 1 - RCB to beat NSW @ 2.5<br />
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NSW have put up a huge score after batting first. This would be a good moment to square off the earlier bet. Now I just sit back and wait for the result.<br />
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Update 2 - RCB win!</div>
Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-91610050358902726902011-10-05T09:00:00.000+01:002011-10-05T09:00:32.609+01:00A time to buy?<div dir="ltr" style="text-align: left;" trbidi="on">
Looking closely at the Indian economy after 3 years of being away, a few points seem apparent:<br />
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<ul style="text-align: left;">
<li>Runaway house prices</li>
<li>Crazy inflation</li>
<li>Weakening currency</li>
<li>Rising interest rates</li>
<li>Volatile stock indices (but trending downwards)</li>
<li>Higher fuel prices</li>
<li>Political crises</li>
</ul>
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The above don't portend well for the Indian growth story (in the short to medium term). There may be some respite for the markets around the traditional Diwali holidays coming up towards the end of this month. However, if weaker than expected corporate results are reported for the quarter ended September 30, 2011 and / or there are negative world events things will get a lot worse.</div>
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I'd be bracing for:</div>
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<ul style="text-align: left;">
<li>lower GDP growth rates - closer to 7% rather than the 7.8% being forecast currently</li>
<li>weaker rupee - in the low to mid 50s against the USD</li>
<li>higher non-performing asset declarations by the local banks for this financial year</li>
</ul>
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</div>
Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0tag:blogger.com,1999:blog-19712433.post-73896941159794815232011-10-04T15:00:00.000+01:002011-10-05T09:11:10.063+01:00Champions League T20<div dir="ltr" style="text-align: left;" trbidi="on">
CL T20 - New South Wales to beat Chennai Super Kings @ 2.1<br />
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MS Dhoni really is having a tough season. After the dismal England tour, his Chennai Super Kings (CSK) are languishing bottom of the table in the Champions League. Curiously enough, in the final group stage game in Pool A - CSK are favourites to beat New South Wales (NSW). This definitely feels like a market anomaly that can be taken advantage of.<br />
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Update 1 - CSK to beat NSW @ 2.25<br />
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Predictably NSW have started well and are now the favourites to beat CSK. I could let the initial position run, but considering CSK are playing at home with a semi-final spot at stake, will square off the initial position. Now we await a risk free return of a minimum 10%, unless the match is rained off.<br />
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Update 2 - NSW win! </div>
Nitinhttp://www.blogger.com/profile/03850679155748900374noreply@blogger.com0