The review of this service has come to an end. Since the last update, I have traded a further 7 matches of which six were winners and one was a loser. The final trading position is as follows:
Original bank £200
New bank £243.74
This represents a return of over 21% in a two month period. The liquidity in the tennis markets on Betfair is very good so there is no reason why similar levels of return could be achieved on bigger banks.
As I mentioned at the start of this review, Tradeshark is more of a service than a system. The service provides the basic trading strategies for tennis, daily tips and advice on which matches are suitable and real time support through the chatroom (or through skype). However ultimately trading success will depend on the individual trader and their ability to read the market and to apply the strategies correctly. I started off as someone who had trading experience but little knowledge of trading the tennis markets. Tradeshark provided me with the basic tools and understanding of tennis trading and I now feel comfortable trading in these markets. This service is suitable for people who want to really get to grips the tennis markets. It is not a point and shoot system that you only need to spend a few minutes a day on. Tennis matches happen at all times of day and can go on for 4 or 5 hours, so tennis traders have to be available for large chunks of time.
In terms of the service, I have to say that the levels of support and advice are extremely good. There is a website, a forum, a blog and and a chatroom. Tradeshark is always willing to provide help and answers e-mails immediately with detalied answers. What I also like about Tradeshark is that he treats you like a fellow trader. He lets you know what he is trading and how he is performing on a particular match.
It is refreshing to have a service where you have so much access to the owner and where there is no hype, just plain talk about tennis trading. For £29 you gain lifetime membership which gives you access to all of the support I have mentioned. This is extremely good value. You are also joining a tennis trading community where thoughts and ideas are exchanged by tennis traders around the world.
Tradeshark has recently updated the website and revised most of the trading strategies. In addition he currently testing a new strategy that will be launched shortly.
I have no hesitation in putting this service in the approved category. My advice to any potential tennis traders would be that this service is a great strarting point but you need to put in the hours to make it really work.
Here is a quick update, I will give a full review of this service at the end of the month. I traded three matches in the Sony Ericcson Open over the last week and all of them turned out to be winners. There was real benefit in being in the chatroom during the games as for one of the matches I switched at an early stage of the match, which resulted in a tidy profit.
Here is a quick update. So far I have traded five matches using the beginner’s stategy and the back the server strategy. Trading on four of the five matches has proved profitable and my bank now stands at £209.73. I am hoping to do some more trading over the next few days as the Indian Wells tournament gets into full swing. The chat room is useful for checking that you are following the strategies correctly.
Trade Shark has asked me to mention that the single set skype sessions are free as part of the membership, it is only if you require the service for more than one set that you have to pay extra.
Tradesharktennis is a service that provides strategies and support for trading the in-play tennis markets on Betfair. Members who join the service are provided with five trading strategies and access to a forum, a chatroom, extensive videos of the strategies being applied and e-mail support from Tradeshark. There is also a Skype service whereby you can view Tradeshark trade a match live (there is an extra charge for this service).
Tradesharktennis is not so much a system but more an education in how to trade the tennis markets. Tradeshark is a trader himself and he set up the website as he feels that it would have been extremely useful when he started out as a tennis trader. There is a wealth of tennis related information on the website although as Tradeshark points out, he is a trader rather than a website deisgner.
My first impressions on reading through the strategies and the forum are very good. The strategies clearly set out the types of matches to trade, the entry and exit points and the expected price movements. Every day Tradeshark posts details of the matches that are most suitable for the strategies. He also gives his view as to who is most likely to win the match and why.
Over the next few weeks I will be trading the strategies. I will start off with the beginner’s strategy and then move onto the more advanced strategies. I will use a bank of £200 and will trade in lots of £10.
In order to trade the strategies, members require access to trading software with hedging functionality. Tradeshark provides advice on which software to use but members should familiarise thenselves with the software before trading live. Another point to note is that all the strategies require traders to monitor the match in-running either on TV or online. As tennis matches take place all over the globe and can last up to five hours, this can be quite demanding on the trader’s time.
There is not much tennis on this week so I will provide an update next week.