Sports trading in simple terms is the act of placing two opposite bets, on the same selection, in a bid to make a profit. In other words, it means to back and lay a sport bet odds in order to make a profit before such sport comes to an end. To back odds means to bet while to lay odds means to bookmark. You can compare its activities with what happens in a stock exchange market, the difference being that bets on sporting events are bought and sold instead of a company's shares.
Just like the NASDAQ and other stock exchange platforms, there are also sports trading platforms. And thanks to the betting exchange platforms, its events have increasingly grown in popularity. Perhaps you want to find out more about sports trading and in-play betting, then you should continue to read this write-up.
How it Works
Sports trading events work in the same manner as a financial market. While a stock trader aims to buy at low prices and sells at a higher price, a sports trader exchange bets to make profits too. The sports trading platforms act as the regulator or referee that ensures that winners are paid and the losers pay up. The platforms also allow you to place a bet and lay the bets, instead of searching for a trader to place an opposite bet. With the right strategy in place, this ensures you get your profit irrespective of the game outcome.
When you back an odd before the start of the game or in in-play betting, it means that you're saying the event will happen. If it does, you end up with nothing. But with sports trading, you can lay the same odd, which means that you're betting against the result. With the right strategy, you end up winning either ways.
For example, let's assume Manchester United and Chelsea are about to play a match, the back odds (in favor) for Manchester United is 1.95 while the lay odds (against) Manchester United is 1.92. so, let's say you place a bet of $100 on the two options, the profit you'd get on a back bet would be %95 while the lay odd liability would be $92. If it turns out that Manchester United wins, your profit would be the profit made from back bet minus the lay odd liability, i.e. $95 - $92, that's $3.
Sports trading and Sport Betting
Sports trading is not the same as sports betting or gambling. In sports betting, the bet is carried till the match ends without any action in-between. This isn't so for sports trading which is more of a careful analysis of the variables and how they change before, during, and at the end of the match. During trading, the sports trader can change his/her position before the start of the game, during the game through in-play betting and before the game ends.
The sports trader maintains a dynamic interaction with the market unlike sports betting, and is quick to close the trade when the trader is on the right side and the green is up, or employs in-play betting when the red is up to limit losses. Hence, the sports trader is not a gambler but a professional in sports trading that employs tools to analyze every sporting events he's into to make the best profit or reduce losses.
Trading exchange platforms are provided by companies that have enough liquidity to run live. Different companies provide exchange platforms, they serve as a referee. And for ensuring that the winner gets paid while the loose pay up, they charge a certain percentage of the stake/profit as commission. The main exchange platforms for sports trading are Betfair, Smarkets, Betdaq, and Ladbrokes. The most popular among them is Betfair. You will have to open an account with any of them to become a sports trader.
In-play Betting in Sports trading
In-play betting is another spectacular feature in sports trading that should be given attention. It allows sports traders to react to a sporting event as it happens. Just like we already noted while talking about sports trading, you can decide to lay or back a bet odd while the game is on in reaction to the game result. In-play betting is available on many sports like horse racing, football, basketball, etc.
In-play betting is a great winning tool if you're well informed about the game. Although the dynamics might be different because of many variables to consider during the gameplay, in-play betting strategies and tips from experts could be of help in this regard.
Making money through in-play betting is a strategy you master with time on sports trading. One of the best ways to ensure you make a profit with in-play betting is by having the ability to make correct predictions and reactions to what happens during the sporting event. You could also get in-play betting tips from sports trading experts and game predictions especially for football.
Advantages of Sports trading
There are several benefits you get being a trader in sports trading. There are numerous testimonies of traders who have made a huge sum with the right strategies in place. Some of the advantages are:
- There's a beginning and an end in a sports trade unlike the stock exchange.
- Sports trading never stops. There's always another opportunity.
- Consistent profits is guaranteed unlike gambling
- Shocks are minimal and manageable
- You can easily get out of losing position thereby minimizing losses.
- It is a great investment platform with an enabling anility for risk control.
Software and Tools
Without a doubt, sophisticated software and tools are necessary to secure profits in modern-day sports trading. This software has great capabilities offering greening-up functionality, chart analysis, and other benefits that ensure you stay ahead of the competitions. Here is a list of software we will recommend for you to try out:
- OddsArchive: Effective for PinnacleSports' odds movement chart.
- Bet Angel: With sophisticated trading and betting tools, it plays the role of a perfect middleman between the betting exchange and you.
- BetExplorer: your best bet to getting odds movement from nearly all sportsbook around the world as they're released.
- Oddschecker: Your sure bet for best tips.
Sports Available for Trading
Several games can be used in trading. The basic ones are football, horse racing, basketball, tennis, and cricket. The most popular of these is football, then horse racing. There are several reasons for football popularity. One reason is that it is the most widely covered sport by the media ad another is that it's the type of game most people knows best.
What to Avoid
It is not enough to be just a trader, you need to be a skillful sports trader. These are things to avoid to prevent losses in sports trading:
- Poor internet connection: you don't want your internet connection to go down during sports trading session, if it does, just pray you to get lucky. For games events that conclude fast like horse racing and other games, you need a reliable internet connection to keep up with the trading session.
- Chasing after losses: this is one of the leaks to avoid as a sport trader. It is caused by a lack of discipline and could render the best profiting strategy to nothing. This trait is common to gamblers but you can't afford to have it as a sports trader. So, before you delve into trading, make sure you're not prone to this.
- Don't use in-betting as a fast means to reclaiming your losses: it is as simple as it sounds. There is a specific approach to every sports trading including in-play betting, do not delve into it excuse you want to reclaim your losses, trading never stops, there will be another time.
- Avoid trading on different sports. We believe that a single sport that suits your style is enough to secure enough profits. You do better with it too.