In this article I am going to write about the process of learning sports trading and choosing which sport suits you best.

Learning Sports Trading
Get used to watching sport from a different perspective.

Learning Sports Trading

Which Sport?

I believe it is best to choose one sport at first and look to master it rather then trying to learn to trade multiple sports at the same time. I would suggest trading a sport that you are familiar with and enjoy watching as this makes learning to trade this sport much easier.

The sports which attract the most money on the exchanges are horse racing, football, tennis and cricket these are the four sports that I know people make a living from.

There are several other sports such as basketball, snooker, handball, boxing, rugby and many more that can also be traded but I haven’t heard of anyone making a living from these sports.

Lets take a look at the four main sports that I listed above as options for profitable sports trading.

Horse Racing

Learning Sports Trading
The sport of kings

I will admit that I was never a fan of horse racing it really held no appeal to me until I started trading. I am however beginning to appreciate it a bit more as I start to trade it more often.

To me horse racing is the market that has the most opportunity it is a sport founded on betting and you can approach it in so many different ways from a trading perspective.

Lets look at some of the pros and cons of trading the horses.

Pros

There are multiple horse races nearly every day of the year meaning there are always opportunities. You can trade the horses in multiple ways from pre race to inplay trading there are several angles to take.

There is a lot of information regarding horse trading freely available on the internet (see resources at the end of this article)

It is a sport founded on betting so there is plenty of recreational money going to the markets which creates opportunities.

Cons

Markets can be very volatile and move quickly. This can be very hard to read and bewilder many new traders.

Horse racing markets move very differently to most other sports. It takes a long time to get comfortable trading these markets.

Recommended resources and reading

If you think that horse racing trading is the sport you want to focus trading then there is a lot of good information out there that you should read.

http://www.itsamugsblog.co.uk/

http://caanberry.com/

How To Trade the Pre Race Horse Markets

Betfair Scalping- Horse Trading Strategy

For a beginner I highly recommend Caan Berry’s trading guide I reviewed it here

 

Football

Lets look at my favourite sport to trade which is the beautiful game of football. Where men roll around like have been shot when they trip over their own shoelaces.

Learning Sports Trading
Robben getting some air on his dive

Football is the most watched sport in the world. Some people follow their football teams with the same commitment others follow their religions.

There is a huge amount of money bet on football and lots of recreational money in the bigger games which always mean there is a lot of opportunity.

Pros

It is very easy to follow football as TV and media coverage is prevalent for all the top tier European leagues.

There are lots of very good free stats sites for football to help with your trading. (Two that I use often are www.soccerstats.com and whoscored.com)

Lots of recreational money and bias towards certain teams. This creates opportunities for finding value in the markets.

Money to be made from pre match trading before the kick off through team news.

Cons

There are times when you can watch all 90 minutes of a football game and not find any opportunities for trading.

It is tough to concentrate for 90 minutes and it only possible to trade one or two games a day if you plan to trade the whole game.

Recommended resources and reading

http://www.paulorebelotrader.com/en/paulo-rebelo-diary/

How to trade the first half

Lay The Draw Tips

Tennis

Tennis is the chosen sport of many professional traders due to the very nature of the game. The volatile odds movement creates numerous trading opportunities.

Pros

There are tennis matches and tournaments 11 months of the year meaning there are plenty of opportunities to trade.

The way tennis is scored means that matches can swing from one side to the other with the odds doing the same. This creates lots of trading opportunities in the markets.

Cons

Irregular times and delays means it can be hard to fit tennis trading into a set schedule.

Recommended resources and reading

Numbers don’t lie Tennis Blog

If you are looking for a starting point to tennis trading Tradeshark Tennis has long been regarded as one of the best tennis trading guides around.

 Tradeshark Tennis

 

Cricket

Learning Sports Trading
Cricket is growing as a traders sport

I have noticed that Cricket has really grown over the last year as I see more and more people starting to trade it. In terms of trading Cricket has many similarities to Tennis.

Pros

Large amounts of money matched on the big IPL and International games.

The scoring system in cricket much like tennis allows big swings in momentum and odds leaving plenty of trading opportunities along the way.

Cons

Delays and long games can make it difficult to fit into your schedule.

Newcomers to the sport of cricket sometime struggle to understand the rules, takes some time to learn.

Recommended resources and reading

Mark Iverson Cricket Trading Blog

 

Learning Sports Trading – General Trading Advice 

So we have looked at four of the biggest sports that you might consider for your sports trading and here is some advice that will help you master whichever sport you choose to trade.

Watch the markets – This might sound boring but if your planning to make money trading then you need to do your research and start to get a feel for the trading markets of your chosen sport. The best way to do this is to watch your chosen sport and bring up the trading markets. Do this over and over to get more experience.

Record Your Trading– Make sure you keep records of your sports trading so you can clearly see what is working and what isn’t. You can do this easily in an excel file or keep a trading diary.

Download a screen recorder. I recommend Screencastomatic a free screen recorder this way you can look back at your entry and exit points and see if you could make improvements.

Read,Read,Read– There is a lot of information about sports trading on the internet if you search for it.

Sure there will be a lot of crap that isn’t worth reading. There have been times however I have translated Portuguese football blogs and learnt more from them then I have from some paid products.

There are nuggets of trading gold that can be found if you really look for them.

Learning sports trading will take some time. But if you put in the effort and are prepared to work at it then there is the possibility of a good income to be made.

Smart Sports Trader

Ryan Bruno is a former mixed martial arts and kickboxing competitor. He loves sports and making money online. After finishing university he played online poker and taught English for a living in Thailand for a few years. Upon returning to England his focus has been on making a living from sports trading, betting and arbitrage.

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