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The Six Steps To Successful Sports Trading
Okay, you’ve heard about Tradesports, you’ve heard it’s a sports wagering exchange, where the bookie is cut out of the loop and the trader gets the best odds around. How do you go about joining in the revolution?
Step 1: Go to the Tradesports website and check out the Flash demo. It only takes a few minutes and after it you’ll wonder why it took so long for the concept of sports trading to come along. Sure, it takes a little effort on your part to get to grips with the idea of sports trading – but what’s 10 minutes when it could totally change the way you bet on a game? It will repay your initial effort a hundred times over. And why should everybody make it easy for bookies to get rich? They’re just middlemen between you and another guy who holds the opposite view from you on a game. Cut out the middle man. Deal with other traders direct. Buyers and sellers come together in thousands of different marketplaces all over the world – why should sports wagering be any different?
Step 2: Familiarise yourself with the numbers. A contract offered by Tradesports will trade at anything between 1 and 99. Let’s say that contract is on the New York Giants to win a particular game by a margin of 3.5 points or more. Because of the handicap, it should be the case that the Giants have around a 50-50 chance of winning. That’s before the game starts. Once it does, we’re talking a whole new ball game. If the Giants lead 10-0 in the first quarter, their chances of covering the spread have suddenly soared, maybe to 75 per cent. In which case the market will reflect that and there will be buyers and sellers at 75. Buy 100 contracts at 75 and you’re up $250 if the Giants win and down $750 if they don’t. Who makes that $750? Not Tradesports – they make their money by charging commission of $0.04 per $10 bet. No, sellers are in the money if the contract crashes and settles at zero, rather than 100. It’s bulls and bears – just like the stock market.
Step 2: Start watching the markets. The best way to do this is during a live game. The thing about trading is, you don’t have to stick with the one team! Take Monday night’s NFL game between the 49ers and the Seahawks. The contract was on San Francisco winning by 3.5 points or more. The contract opens at 47 but the 49ers burst out of the blocks and pretty soon the contract is trading at 70. That means if you bought at 47 you can take a nice profit by getting ‘flat’ – selling your stake – at the new market price of 70. The profit is 23 ‘ticks’ (70 minus 47). The more contracts you have bought and sold, the more money you’re making. Of course, if you’ve liquidated your position, you can go back into the marketplace. So once you have got a good grasp on how the markets move, you’re ready to play for real.
Step 4: Fund your account through Neteller, Visa, MasterCard, Neteller, bank transfers or check.
Step 5: Do your homework. It’s fun to trade on any game – you won’t believe how exhilarating it is until you try it - but the object of the exercise is making money. Pick a game and analyse it. You want to get off to a winning start. Let’s say you go with the Tampa Bay Buccaneers at the Philadelphia Eagles this Sunday, October 20. What are the factors to consider here? Philadelphia have beaten the Bucs by a combined score of 52-12 in consecutive wild-card meetings over the past two seasons. The Bucs’ offense has come on a lot – but is it good enough to shoot down the Eagles?
You might conclude that, ultimately, the Eagles are going to be too strong. That means if the Bucs get off to a great start, you’re going to stay with the Eagles and keep buying them into a falling market. Early Wednesday, the Eagles were trading at 62 without a handicap – so if they scrape home by a point, you make 38 ticks. There will be another contract on the Eagles, of course, this time with a handicap spread. Tradesports members prefer this kind of contract. On Monday, members traded a staggering 16,678 contracts on the 49ers-Seahawks game. The 49ers, after going behind, nosedived to a price of just 18 but then rallied and covered the spread, settling at 100. If you bought them at 18, you were walking on air. If you sold them at that low, low price, you were kicking the cat around. Either way, you were using your judgment to make snap decisions and having a hell of a ride.
Step 6: Start trading! Go easy at first, until you’re familiar with the trading interface. Everything is clearly explained and your account details are instantly accessible. Bet a fraction of what you might risk once you’re fully confident and up to speed. Then, once you get the hang of it, you’ll quickly find yourself trading like you’ve been doing it all your life. And you’ll never want to do business with a bookie again!
Check out Tradesports Today!
The Six Steps To Successful Sports Trading
Okay, you’ve heard about Tradesports, you’ve heard it’s a sports wagering exchange, where the bookie is cut out of the loop and the trader gets the best odds around. How do you go about joining in the revolution?
Step 1: Go to the Tradesports website and check out the Flash demo. It only takes a few minutes and after it you’ll wonder why it took so long for the concept of sports trading to come along. Sure, it takes a little effort on your part to get to grips with the idea of sports trading – but what’s 10 minutes when it could totally change the way you bet on a game? It will repay your initial effort a hundred times over. And why should everybody make it easy for bookies to get rich? They’re just middlemen between you and another guy who holds the opposite view from you on a game. Cut out the middle man. Deal with other traders direct. Buyers and sellers come together in thousands of different marketplaces all over the world – why should sports wagering be any different?
Step 2: Familiarise yourself with the numbers. A contract offered by Tradesports will trade at anything between 1 and 99. Let’s say that contract is on the New York Giants to win a particular game by a margin of 3.5 points or more. Because of the handicap, it should be the case that the Giants have around a 50-50 chance of winning. That’s before the game starts. Once it does, we’re talking a whole new ball game. If the Giants lead 10-0 in the first quarter, their chances of covering the spread have suddenly soared, maybe to 75 per cent. In which case the market will reflect that and there will be buyers and sellers at 75. Buy 100 contracts at 75 and you’re up $250 if the Giants win and down $750 if they don’t. Who makes that $750? Not Tradesports – they make their money by charging commission of $0.04 per $10 bet. No, sellers are in the money if the contract crashes and settles at zero, rather than 100. It’s bulls and bears – just like the stock market.
Step 2: Start watching the markets. The best way to do this is during a live game. The thing about trading is, you don’t have to stick with the one team! Take Monday night’s NFL game between the 49ers and the Seahawks. The contract was on San Francisco winning by 3.5 points or more. The contract opens at 47 but the 49ers burst out of the blocks and pretty soon the contract is trading at 70. That means if you bought at 47 you can take a nice profit by getting ‘flat’ – selling your stake – at the new market price of 70. The profit is 23 ‘ticks’ (70 minus 47). The more contracts you have bought and sold, the more money you’re making. Of course, if you’ve liquidated your position, you can go back into the marketplace. So once you have got a good grasp on how the markets move, you’re ready to play for real.
Step 4: Fund your account through Neteller, Visa, MasterCard, Neteller, bank transfers or check.
Step 5: Do your homework. It’s fun to trade on any game – you won’t believe how exhilarating it is until you try it - but the object of the exercise is making money. Pick a game and analyse it. You want to get off to a winning start. Let’s say you go with the Tampa Bay Buccaneers at the Philadelphia Eagles this Sunday, October 20. What are the factors to consider here? Philadelphia have beaten the Bucs by a combined score of 52-12 in consecutive wild-card meetings over the past two seasons. The Bucs’ offense has come on a lot – but is it good enough to shoot down the Eagles?
You might conclude that, ultimately, the Eagles are going to be too strong. That means if the Bucs get off to a great start, you’re going to stay with the Eagles and keep buying them into a falling market. Early Wednesday, the Eagles were trading at 62 without a handicap – so if they scrape home by a point, you make 38 ticks. There will be another contract on the Eagles, of course, this time with a handicap spread. Tradesports members prefer this kind of contract. On Monday, members traded a staggering 16,678 contracts on the 49ers-Seahawks game. The 49ers, after going behind, nosedived to a price of just 18 but then rallied and covered the spread, settling at 100. If you bought them at 18, you were walking on air. If you sold them at that low, low price, you were kicking the cat around. Either way, you were using your judgment to make snap decisions and having a hell of a ride.
Step 6: Start trading! Go easy at first, until you’re familiar with the trading interface. Everything is clearly explained and your account details are instantly accessible. Bet a fraction of what you might risk once you’re fully confident and up to speed. Then, once you get the hang of it, you’ll quickly find yourself trading like you’ve been doing it all your life. And you’ll never want to do business with a bookie again!
Check out Tradesports Today!