Tuesday, August 19, 2008

Hedging the weather (a bit)

Here's a novel idea. If York goes ahead tomorrow I know roughly how much I should achieve on the day. As York is an uncertainty I have just backed 'no racing' for the meeting tomorrow, there doesn't seem to be much money in the market. I need a few layers!

Net result, No racing means I will profit and if the racing goes ahead I will profit, though slightly less. Should still get a result though.