Introduction
The concept of sports trading began in 2002 by Betfair. It can seem complicated even to seasoned sports bettors. It is another angle from which you can make real money from gambling.
Sports trading is essentially capitalizing on the volatile nature of betting odds to make profits. This means backing or laying off betting odds at a particular stage and then exiting the trade when the odds change to your favor. You can also exit to limit the amount of loss you’re getting. There’s a dedicated website about sports trading if you want to know more.
Sports trading is generally broad. However, in this article, you’ll get a rundown of five popular sites where you can execute sports trading. Also, you’ll get to know some tips and strategies to become successful in sports trading.
Top 5 Sports Trading Sites
There are different sports trading platforms in the United States. However, we’ve picked the top five trading sites where you can execute your trading activity. They include:
Betfair
Betfair exchange platform is the pioneer of sports trading. They began the sports trading journey in 2002 and have since grown to be the biggest sports trading site on the globe.
With Betfair, you can bet against other gamblers like you instead of betting against the system. This gives you a better betting experience as a punter. They’re reliable and well known in the industry.
Betdaq
Betdaq is the second biggest sports trading platform in the world behind Betfair. As the competitor, Betdaq is often seen as the second fiddle to Betfair. However, it has a strong market reputation.
The standout feature of the Betdaq exchange is that it charges less commission than Betfair. While Betfair charges a 5% commission on winning bets, Betdaq charges 2% as a winning commission. This has endeared Betdaq to sports trading punters. They also have a trustworthy and reliable platform for trading.
Smarkets
A betting exchange like Smarkets is among the top betting exchanges in the world. Just like Betdaq, they claim 2% of the winning bet. This makes them an attractive platform for punters.
Another standout feature of Smarkets is that they also offer odds on industries like entertainment and world politics. However, they do not have options to stake on upcoming events. As such, all their odds are based on current events.
Matchbook
Another sports exchange platform is Matchbook. The site has various market options for you to trade. They also have attractive odds and commission rates.
For new sign-ups, there is an offer of 0% commission on any winning in the first 30 days of registering. Ideally, the commission on winning is 1.5%, less than most sports exchanges.
Sporting Index
This sports exchange site has been a betting site and has been around since 1992. However, the site is not as popular as Betfair or Betdaq. Nonetheless, the Sporting Index trading platform is genuine and trustworthy for punters in the United States.
They also have a provisional bonus for new sign-ups. You can visit the site to find out more.
Basic Tips on Sports Trading
The good thing about sports trading is that with strategies and research, you can increase your chances of winning real money. What this means is that sports trading does not rely entirely on luck. As such, you can develop techniques that’ll help you to win your bets.
All you require to win in trading is for the price of odds to shift. However, knowing the direction that odds will shift is where your research comes in handy. Below are comprehensive tips on how to execute a sports trade.
- Open a bet only when you’re satisfied that the price will move.
- Once the price has moved and you have acquired value on price, trade out of the current position. By doing this, you’ve automatically secured the funds you staked in the first place. You can earn an additional profit if the odds gain another value. If the reverse is the case, you won’t lose any money.
- Consider using trading software when engaging in sports trading. A trading software gives you the full market depth, a huge range of sports, displays real-time betting prices, and so on.
Conclusion
Sports trading is an amazing and fun way of winning real money. However, it may prove to be somewhat more complicated than the conventional sports betting that we all know. Given this, it is advisable to do proper research and carry out practice sports trading before fully wagering your money.
Finally, anyone can engage in sports trading. It has vast potential for making real money and so you should get yourself on board and make yourself some cash.
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