Ashes Test smashes Betfair record

  • By: Andy Schooler
  • Last Updated: July 15 2013, 12:00 BST

The first Ashes Test set a new cricket trading record on betting exchange Betfair.

England: Matched at a high of 3.1 on Betfair
England: Matched at a high of 3.1 on Betfair

The match, which finished on Sunday with England winning by 14 runs, saw £63,720,064 traded on the match odds market.

It smashed the firm's previous high figure of just under £45million which was traded on the 2011 World Cup final between India and Sri Lanka. That match was a one-day game, as opposed to the five of the Trent Bridge Test.

The Test also entered at number two on the firm's all-time volume record list. It is surpassed only by last year's US Open tennis final market which saw Andy Murray emerge victorious. More than £67million was traded on that event.

That match saw Murray lead by two sets to love before Novak Djokovic levelled only to lose out in the final set.

The Trent Bridge contest produced the perfect storm with some wild swings in momentum - and subsequently price.

England struggled on day one only to go heavily odds-on when they reduced Australia to 117 for nine in their first innings on the second day.

The tourists still manged to gain a first-innings lead of 65 thanks to a record last-wicket partnership.

The drama was far from finished with England again red-hot favourites on the final day when Australia went nine down with 80 still needed for victory. In the end they got within 15 runs of their target before James Anderson claimed the final wicket.

Australia were matched at a low of 1.57 to win the game, with England hitting 3.1.

More than £3million was matched at 1.1 or lower on an England victory before they edged home.

The second Test in the five-match series starts at Lord's on Thursday.