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Singing in the Rain

10 Sep 11 09:19
Day 3 is not over yet, but it's raining and so there's a break in play.  Unsurprisingly, the draw price has crashed as a result even though there have been wickets falling.  Despite the fact that there may be no more play today, there is still 2 more days and so there's plenty of time for Australia to bowl out Sri Lanka a 2nd time. 

The Aussies may be wound up around the 450 mark, which is lower than I had expected, but still enough to put significant pressure on Sri Lanka for their 2nd innings.  We are starting to see some turn in this pitch and there's enough in it for the bowlers to cause more problems for this wilting Sri Lankan line-up.  As such I've shifted my position, laying off much of my draw position at 2.64 and putting it back into Australia at 1.62.  I'm still keeping Sri Lanka neutral as I think their price is about right at 60, so it's not worth backing or laying them.

I do find it amusing how the market always panics when there is a spot of rain. 
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