Cashing in on the Tiger frenzy
Golf 
/ Editor / 12 November 2009 / Leave a comment Bet Now
My inclination, if you are already on Woods, is to, in broking terms, hold. If you must go back for more, show some restraint.
Will Hamer reckons there's still a bit of value on offer for those looking to back Tiger Woods on the Betfair exchange.
Well, that settles that. Kingston Heath is not kryptonite. And Tiger Woods is still Superman.
And, predictably, he's now in the red, hovering around 1.85 after a six-under 66.
Is there still a bit of value in that price? I think so but it won't last long.
Let's consider the scenarios that could unfold after Friday's second round.
1. Woods goes six-under (or better) again. It's hard to see him not with a handy lead and you will be struggling to get 1.20.
2. Woods has an "off" day and goes even par. Conceivably he'll still be only six shots or so off the lead and his price will only drift to even money or a little over. (That's still a handy premium on his starting quote.)
3. A fellow player (yes, apparently there are a few other golfers plying their trade this week) has a birthday round and opens up a five-shot lead on the rest of the field, including Woods. Unless this happens to be a "big name", of which there are few, then I can't see Woods' price moving much from the 1.70 currently on offer.
My inclination, if you are already on Woods, is to, in broking terms, hold. If you must go back for more, show some restraint. Don't ask why - just remember Y - that is, Y.E Yang and this year's US PGA.
If you held out until this point, then snap up anything over 1.70. There will still be ample time to sell it off should you get cold feet before Sunday.
