Amazing stuff in the Monday Night Football match between Everton & Newcastle United both pre-match and in-play.
Everton 2-2 Newcastle United
The build up to this match was a pre-match traders dream as the money just kept pouring in for Everton. Several Newcastle injuries and the recent strong home record of Everton all led to the majority of punters putting their money on the toffees and it was all one way traffic as Everton were backed in from 1.80 into 1.55. Even a newbie trader must have gained a few ticks profit from that steam at some point!
This type of huge move does give a good argument to those who suggest the market prices are perfect and don’t actually offer value. In this case, were Everton a value back @ 1.80 but then a value lay @ 1.55? Or did the markets move towards the “true value” eventually and the “correct price” on Everton was the starting price of 1.55?
In other words, do you get the best value by getting the early prices or can the punter inspired market moves create or kill value by kick off time? Perhaps, that is another debate for another day….
There were plenty of pre-match sharp punters suggesting that the value was in laying Everton when they were 1.80 never mind 1.55 and they were rewarded but not without a bit of sweating along the way.
When Everton took the lead in the 15th minute they traded down to 1.18 before Newcastle equalised early in the 2nd half.
Then when Everton took the lead in the 88th minute they immediately traded as low as 1.06 but Demba Ba equalised just moments later and the match ended in a draw which, for the record, traded as high as 17.5. The 2-2 Correct Score traded as high as 110. I do hope the draw layers traded out in time before the goal…
Injury time was a very nervous wait for whoever had decided to lay Newcastle @ 1000 when they went 2-1 down as they had 4 minutes to grab a winner which would have been an almighty gubbing!
A great match for the neutral and those who love to lay heavily odds-on teams in-play ;-). More of the same this week please!
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