Smith rues missed chances
Dean Smith insisted Walsall did not make the most of Tranmere's poor first-half and that is why they got just a point and not all three.
Substitute Cole Stockton earned Rovers a late 1-1 draw. The 19-year-old pounced 12 minutes from time, shortly after replacing Jason Koumas, after Chelsea loanee Milan Lalkovic fired the visitors in front with a 25-yard curler in the first half.
"We should have been out of sight after our first-half performance but after the game it feels like two points dropped," said Smith.
"Tranmere came back at us in the second half and I was disappointed with the way we played after the break, so maybe you have to say a draw was a fair result.
"We didn't keep the ball well enough in the second half and Tranmere pressed us well. We made some poor decisions but we should have been more than one goal to the good at half-time because we knew they would come at us.
"Milan Lalkovic has scored a great goal to put us in front and after that we made a number of chances and we looked dangerous. If we had got the second goal I felt it would have been game over.
"I don't think we got the best decisions from the referee in the middle of the park but I have to give credit to Tranmere because they have come out and given us a right good game after the break."