Archive for category Sports Trading
It is taken as read that anybody who has anything to do with odds, stakes and bets is either a bookmaker or a punter. There are varying degrees of gambler from the casual pound on the Grand National through the problem gambler putting their mortgage on a horse to the professional gambler who makes a steady living from betting.
Professional gamblers are a breed apart. They often specialise in one area of betting alone, tennis matches or football or horses. To make a living from betting full time takes dedication and determination. You must be prepared to spend hours of your time studying form and calculating value. You must have the discipline to withstand long losing runs without breaking from your strategy.
On the other hand consider the professional sports trader who uses the betting exchanges to scalp a few ticks from an event. They often have no knowledge of the underlying event. To them it is just a numbers game, the prices go up and down and they buy low and sell high to make a profit.
The big difference between a trader and a gambler is that a trader never lets a bet ride. They buy and sell then get out often spreading the potential profit over every outcome to guarantee a return for their efforts.
So why then is sports trading often confused with gambling? Why do people look down on sports traders and yet seem to have more respect for oil futures traders or forex traders? There seems to be an unconscious link in the minds of the public at large between sports and gambling. This is probably understandable seeing as it is not too many years ago that the only way to profit from sports long term was to take the professional gambler route and spend your life studying your chosen market.
The truth is that trading on sports is exactly the same as trading anything else. The prices move and traders profit from this. I believe that in the not too distant future more and more people are going to realise that there is a good living to be made from trading sports. As for me, well, I’m there already.
If I have sparked your interest in this subject and you would like to find out more just go to my website at the link below.
I am a full time sports, stocks and forex trader and have a website to communicate tips and information about trading and making money from sports online at http://www.wotworks.com/tradesports.
Many online “investors” decide to bet on sporting events & specific games because, let’s face it, there’s a lot of money to be made in a very short period of time if yu place several large bets for a winning team. People with a lot of money to invest have made hundreds of thousands of dollars in one day from placing bets on a single event. While the returns can be large, the risk is substantial to say the least. Chances of winning a specific bet on a sporting event are usually no better than 50/50 even if you have done your research and fully understand the strengths & weaknesses of each team.
Along with sports betting, there’s another type of investment online which offers large returns but also involves high risk, the Forex market.
The Forex trading market has a trillion dollar daily turnover, with people making money 24/5(the Forex market is only traded 5 days a week). Forex trading involves trading one international currency against another. While there’s always the potential for loss, the amount of money that you can make it truly limitless. Many online investors choose Forex because of the ease with which you can trade even during a bearish market.
Which One is Best For You?
Whether you should bet on sports or trade in the Forex market really depends on you as an individual. Here are some simple comparisons that will help you make the decision.
1.) Sports betting always poses a 50/50 risk while Forex trading allows you to spread out your risk, allowing you to lose some trades but make money as long as you win the majority of them.
2.) Forex trading can be done with trusted brokers who are regulated by specific countries. Sports betting sites are generally more free &, while there are regulations in place, these regulations are generally not very strict so you have to be careful which site you’re using to place your bets.
3.) In sports betting, your money is always in someone else’s hands. Even if you have been betting on sports for years, whether you make or lose money solely depends on the outcome of the game. In Forex, you can learn trading strategies, gain experience following trends of use a Forex signal service to greatly improve your chances of success.
Sports betting & Forex trading can both be very profitable. Using these steps, you can choose the type of investment that will give you the best chance at success.
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