JD looks at why it can take a while to make money from markets concerning managerial appointments and he has two tips from the Premier League this weekendMay will bring lots of opportunities in the betting markets and hopefully the end of the English season will prove a profitable one. We have started the month in reasonably good fashion and our performance has stabilised after an indifferent start.
Most bettors and traders are in the market 12 months of the year and June and July can be a fruitful time too thanks to the less popular leagues around the world.
Tread carefully in managerial markets
The football world has been rocked by the news of Sir Alex Ferguson retiring at the end of this season. He will go down as probably the greatest manager of all time and his success and longevity are unlikely to be replicated.
Last weekend Paddy Power received substantial bets on David Moyes succeeding him and cut his price into 1/2 (1.50) initially. Clearly, bettors were acting on strong information which looks accurate now.
These markets are highly speculative and you should thread carefully unless you have solid information. Managerial betting markets generally are very profitable for layers. One firm have had a market for Ferguson's successor since 2001.
David O'Leary, Sven-Goran Eriksson, Martin O'Neill and Alex McLeish are all names who have been near the top of the market to succeed Ferguson at one point or another over the last 12 years. You must be prepared to wait for your money too. In 2009, one of my own members placed a £20 bet at 8/1 (9.0) on David Moyes to take over the Old Trafford hot seat and although his pay-out looks to be fairly soon, he has had to wait plenty of time to see any returns.
Looking ahead to the weekend, Sunderland did very well to grab a point at home to Stoke City last weekend. They have plenty of injuries and suspensions to deal with as they host fellow strugglers Southampton this weekend.
Southampton "draw no bet" at evens (2.0) with Paddy Power is a strong selection. They have been inconsistent at times but have the talent to win this match against Paolo Di Canio's men.
Norwich City have only won two matches in the last 19 and should be opposed at the prices at home to West Brom.
Steve Clarke's men have enjoyed an excellent season and will see this game as very winnable against a team that are slipping dangerously close to the relegation zone. West Brom are available at 6/4 (2.50) "draw no bet" which looks to offer plenty of value.
|Southampton to win (Draw No Bet) at Evens (2.00) with Paddy Power||West Brom to win (Draw No Bet) at 6/4 (2.50) with Paddy Power|
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