Trademate Sports Review – Will It Make You Money?

Trademate Sports Review – Will it make you money?

With the popularity of matched betting rising in the last few years there are a lot of people that realise there is money to be made from soft bookmakers.

Is value betting another way of taking money out of the bookmakers pockets?

After 3 months of using the Trademate Sports Core software lets take a look at the results.

Trademate Core Review

Key Stats

Bets 815
Total Staked £6,200.00
P/L £168.00
ROI (Return On Investment) 2.70%
ROC (Return On Capital) 15.30%

 

Trademate Sports Review

– The Results

If we take into account the 3 months worth of fees for the Trademate Core software ( £100 x 3) then we would be -£132 overall.

However the results may be a little misleading as I invested the minimum recommended amount suggested for the Trademate Core software.

I also used the lowest suggested staking method (low kelly) which meant that my bank was never in any danger but growth was slow.

You can see this in the graph below.

Trademate Core Review
The bank was never in any danger but growth was pretty slow.

Trademate Core is a very easy product to use and finding value bets is fairly simple. It takes maybe 10-20 mins to set up initially and then each time the software finds a value bet you get an alert with the suggested staking.

The filters are then saved for future use and any time you wish to find value bets for your selected bookmakers you just log in to the software.

There are occasionally some problems with the software. For example an edge may show up that has long expired or doesn’t exist because a game has been suspended.

Any errors are usually fixed very quickly though and if you bring it to the attention of the Trademate Sports staff they will reply promptly.

An interesting aspect of the Trademate Core software is that there are several different approaches to using it.

For example there are recommended and non recommended markets.

The recommended are the highest liquidity games like the Champions League where it should be less noticeable that you are value betting. The non recommended markets cover everything from women’s European basketball to the Serbian second division.

My focus was on the recommended leagues as I also use my bookmaker accounts for horse racing bets and would like to keep them from limitations for as long as possible.

Some users also stick to using specific odds ranges to lower the amount of variance they are exposed too.

For this review I decided to bet all edges up to odds of 20.00.

Trademate Sports Review

– Interesting Things To Note

Trademate Core Review

The image above shows how I performed betting odds up to 3.0.

As you can see if I had stuck a tighter odds range then my results would have been much better. Having written about the favourite-longshot bias in betting markets previously this was interesting to note.

Trademate Core Review

Betting at odds of 3.0 upwards saw a pretty consistent downward trend after an initial upswing. My sample size of bets is not big enough to draw any real conclusions.

The Team behind Trademate Core however produce videos called “big data analysis” on their youtube channel. In these videos they analyze their customers data as a whole.

I will be really interested to see if this is a trend for the whole community or just variance.

Here is a demo of the Trademate Sports software.

Trademate Sports Review – Conclusion

My bank didn’t grow as much as I would have hoped over a 3 month period.

The fact is that I think the minimum starting bank of £1000 is probably too low for this service. The only way I could see a £1000 bank grow substantially and account for the subscription fee would be to hammer all trades that appear and use a more aggressive staking plan.

Based solely on my results I would give Trademate Core a neutral rating. This however I feel would be unfair as my results were profitable.

Starting with a greater starting capital and slightly more aggressive staking plan I think Trademate Core has the potential to make good money after subscription fees.

Regarding subscription fees Trademate Core is not cheap at 120 euros about £100. This price is inline with arbitrage services like Rebelbetting and Betburger that use similar methods of continuously scanning bookmaker odds.

I think this is reasonable as I imagine running a service such as this comes at quite a cost.

Trademate Core gets a recommendation from me.

I don’t think it is for everybody and if you are fairly new to sports betting/trading then you would be better using bookmakers for matched betting initially.

Also due to bookmaker limitiations that happen due to using Trademate.

You may also want to consider surebetting and banking consistent profit with arbitrage betting software.

(You can read our recommendations below.)

Trademate gets a recommendation as in the long run you will make a profit. However I not sure if it is the most optimal way of using soft bookmaker accounts. 

Trademate Update

Trademate recently upgraded their software.

Here are the changes made.

New feature: Real-Time Result Updates.

You can now get live updates on the score and key statistics of any game you want to follow. This also includes statistics such as shots on target in football, 3 pointers in basket, aces in tennis and many more.

Another neat feature is that you can now see the status of your current bets in a payout grid, which gets updated in real-time when the result changes.

New feature: Odds Comparison

You can compare the odds of all the bookmakers supported by Trademate on any game to find the best possible odds offered in the market.

If you are using Trademate Core or Pro, it will also show you which of these odds that are also value bets.

New Feature: Results Tracking and Closing Lines on Custom Trades

It is now possible to register custom trades with the odds found in the odds comparison tool. Trademate automatically finds and updates the game results, closing lines and other key performance indicators for you.

New Feature: Odds Movements

You can see how the most recent odds changes in the time before you register a bet with Trademate.

Additional Updates: * Trademate now supports 110 soft bookmakers.

* Trademate now supports Ice Hockey.

* Trademate have added more oddstypes Including to win 1st half bets for Football. To win quarter bets for Basketball and to win set bets for Tennis.

* Edges: The new odds engine finds 5 times more value bets than the old one. 

Trademate Free:

Along with the updates we have added a product that is free to use. It includes bookkeeping of your bets with stats, the live score updates and the odds comparison tool.

For more information on Trademate visit the website below.

 

Sports Betting Investment – Can You Make Money Sports Betting?

Sports Betting As An Investment

Is sports betting a viable way of investing money?

 

Sports betting investment

Sports betting can be a great way of investing your money if you treat it seriously, do your research and stick to solid bankroll management.

In all aspects of betting there is the element of luck or variance. This is why the majority of people struggle with sports betting.

Major soft bookmakers also do there best to advertise sports betting as a bit of fun. Something to do at the weekend with your friends celebrating in the pub after your 15 team accumulator comes in after 5 years of betting.

Take a look at this Ladbrokes advert for example.

In my opinion it should be retitled “This is the mug bettors life.”

Why Sports Betting Can Be A Good Investment

It is short term thinking in sports betting that makes the majority of sports bettors long term losers. It is why the mug bettors love large accumulator bets, poor value first goalscorer or correct score bets. They want to win big and they want it instantly.

If you want to make money from sports betting you have to look at it long term. Set aside your sports betting bankrolland see it as an investment for the year or season.

Treat sports betting like you would treat any other serious business. Keep detailed records of your bets for evaluation so you can see what works and what doesn’t.

If you aren’t a proven profitable bettor then you may look at paying a sports tipster or service to provide you with profitable tips.

Initially when I looked at sports betting tipsters I thought they were all a scam/unprofitable and its true that the vast majority are.

After quite a lot of research however I found that is was possible to make money from sports betting if approached correct.

Daily25 is a great blog showing how an Aussie attempts to make $250 a day from sports betting, its a blog with lots of useful information. The Secret Betting Club is another resource that enabled me to look as sports betting as a serious investment. It is packed full of betting articles and in depth tipster reviews that span years in some cases.

Low Risk Sports Betting Strategy

Sports betting investment doesn’t have to be a risk either. If you are risk averse, there are low risk betting strategies such as matched betting and arbitrage.

These sports betting strategies allow you to build small consistent low risk profits. 

Sports betting investment

Sports Betting Compared To Other Forms Of Investment?

Lets take a look sports betting compared to other forms of investment that are available.

From April 2017 to April 2018 I attempted to make £50,000 profit. The idea was to use the sports betting strategies and sports trading methods I outline on this site.

My starting bankroll was £10,000.

At the end of April 2018 I had failed to make £50,000 but a profit of £25,236 was made.

Let’s compare this with other forms of investment.

Other standard forms of investments such as ISA’s offer between 1-2% increase on your capital over the period of a year. Peer to peer lending offers slightly better returns up to 6.3% with Zopa.

The big advantage that sports betting has is the ability to turnover your money quickly. This enables greater growth on your initial investment capital.

Sports betting investment
An example of the annual expected returns from peer to peer lending site Zopa.

Sports Betting Investment Risk?

It is true that sports betting is a higher risk investment then some of the lower yielding standard investments like ISA’s or savings accounts.

This risk can be mitigated by matched betting and arbitrage which enable you build a risk free starting capital. Matched betting and arbitrage profits can become startup capital for your initial investment.

I used this exact method myself to build up a starting bankroll. Before eventually adding sports betting to my portfolio. As a person I am a very low risk individual. Building my betting bank this way lowered the feeling of risk that I associated with sports betting.

Sports betting has now become an extra source of income that has been slowly growing as time goes on. There are losing periods but over the long term my initial investment is growing at a rate that just isn’t possible with standard methods of savings.

If you approach it correctly sports betting is a very viable way of investing your money. 

Want to learn two simple methods that allowed me to make thousands in profit from the sports betting markets?

Click the image below for my simple guide.

https://smartsportstrader.com/guide-making-money-sports-betting/

 

 

 

 

Accumulator Betting Tips – Can accumulators be profitable?

Accumulator Betting Profit

Accumulator betting profits

Is there a way of making long term profits from accumulator betting?

Accumulator’s are a bookmaker’s best friend they love them.  

In fact you very rarely see a bookmaker highlighting a winning punters success. If however that punter hit a 16 team accumulator for £150,000 you might here about it.

Those bettors that are able to find value week in week out against a bookmakers odds over the long term. Will likely find themselves limited to pennies or unable to bet.

Accumulator betting profits
My weekend accumulator

Why then do bookmakers love accumulators?

Bookmakers love accumulators generally because it compounds their margins.

A bookmaker margin is basically the percentage of profit a bookmaker would make if the amount of money bet on all outcomes of a game were equally balanced.

For example if a bookmaker has a 5% margin on a game this would mean they would expect to make £5 for every £100 staked on the game. In a way this is similar to arbitrage betting if a bookmaker has a perfectly balanced book then they are guaranteed a profit no matter the outcome.

So bookmakers in general love accumulator bets because its compounds that margin for them with each selection. A 5% margin on a single bet becomes much more with each selection that you add.

Accumulator betting profits
Oddsmath shows what each bookmakers margin is. The margin is the percentage on the far right.

Making a profit from accumulator betting

It is possible to make a profit from accumulator bets and like all methods of betting its about finding value.

I have written about using Asian bookmaker to find value bets with softbooks before. We can use this same approach when making an accumulator have a positive expectation.

For this approach we need to find two or more value bets with the same bookmaker. Then put them in an accumulator.

Accumulator betting profits
Oddsmath also shows the no vig odds of a bet. This is the odds of a bet with the margin removed.

You can see from the above that Marathonbet have Osasuna at 7.10 whilst Pinnacle have them at odds of 6.61. The no vig odds are 6.74 which indicates Osasuna are a value bet.

Betting in this way is still going to be very volatile but if you are going to place accumulators bets you may as well look for value whilst doing it.

Accumulator betting profits

Using bookmaker promotion’s against them

The best way to make money from accumulator betting is by using bookmaker promotions against them. Oddsmonkey is an excellent matched betting service and has something called the “Acca Matcher” which was created just for this.

Accumulators are such a big money earner for soft bookmakers they want to entice people to bet on them. A popular promotion is “back 5 selections get a free bet if one loses.”

This offered by William Hill, Coral and Ladbrokes alongside several other soft bookmakers.

Accumulator betting tips
Oddsmonkey’s Acca Matcher find the best value accumulators available

Selections from the bookmaker are found by Oddsmonkey which are close in price to the Betfair lay odds. This means generally they are close to the true odds.

The Oddsmonkey “Acca Matcher” then uses the Betfair odds alongside the bookmakers money back promotion to show you the expected long term value of placing that bet. There is also the option to lay these selections on the betting exchanges to guarantee small profits.

This process can also be done manually by searching for odds close to the Betfair lay price yourself. Oddsmonkey just enables you to do it quicker and works out the calculations for you.

Bookmaker’s accumulator promotions are a great way of creating accumulator bets with a positive expectation.

Accumulator betting tips
Oddsmonkey’s Acca Matcher at work

I hope this article has given you a few ideas on how to make money from accumulator betting. When used correctly it can be a good way of keeping under a bookmakers radar whilst still extracting some value.

Understanding Variance in Sports Trading and Betting

Positive Variance

Understanding Variance in Sports Trading and Betting

Variance can be defined as the expectation of the squared deviation of a random variable from its mean, and it informally measures how far a set of (random) numbers are spread out from their mean.

If you struggled with that don’t worry your not alone. This definition doesn’t help those of us that are not very mathematically minded but there is a simpler way of looking at variance.

Variance is one of the key reasons why a lot of people struggle with sports trading and betting. It is something that I myself struggled with a lot when I first started sports trading and betting.

Understanding Variance in Sports Trading and Betting
Heads or Tails?

If we look at a coin flip there are two outcomes heads and tails. An equally weighted coin means that there is a 50% chance of it landing on either heads or tails. The nature of variance however means that if  we flipped a coin a 100 times it may land on heads 63 times and tails 37 times or heads 44 times and tails 56 times.

The results of a 100 coin tosses would not be exactly 50/50 very often.

We know however that with a fair coin toss the odds are 50/50. With a greater volume of coin tosses the number of heads and tails recorded should move closer to evens.

Understanding Variance in Sports Trading and Betting
Variance isn’t always negative and we sometimes do better then expected.

Understanding Variance in Sports Trading and Betting

Variance exists in sports trading and betting. There are several variables that we need to take into account when we looking at variance in our own betting and trading results.

We need to be aware of the odds that we betting/trading, the sample size of results that we have and what our expected edge is in the market we are trading or betting in.

It is important to develop a better understanding of variance as a sports bettor or trader. When we don’t understand something it often to leads to feelings of frustration and anger.

These feeling often have a negative effect on our sports trading. By breaking down and understanding the different aspects of sports trading we become better more profitable traders.

I am not an expert in probability and statistics it is something I am constantly learning about and trying to develop a greater understanding of. Luckily we live in an age were we can easily access articles and books published by experts in these fields.

Here is some recommended reading if you want to develop a better understanding of variance.

Its all about variance

Luck vs skill in sports betting

 

 

Horse Racing Arbitrage Strategy – Small Risk For A Large Payoff

In this article I am going to detail a horse racing arbitrage strategy that I like to use occasionally to mix up my betting patterns.

This strategy is profitable and is a good way of taking extra value from the bookies.

If you are unfamiliar with arbitrage and want to learn about arbitrage betting. I recommend reading this excellent resource on arbitrage betting.

This strategy as it is a good way of moving money from bookmakers to exchanges but also getting some value in the process.

First off you are going to need a low commission betting exchange such as Smarkets or Matchbook and bookmakers that offer best odds guaranteed.

To find bookmakers that offer best odds guaranteed use oddschecker and look for a green tick box along the line noted at “best odds guaranteed.”

Horse Racing Arbitrage Strategy

Horse Racing Arbitrage Strategy
Find a best odds guaranteed bookmaker with odds close to Smarkets

First off we look for a horse that is a close back and lay price at a BOG(Best Odds Guaranteed) bookmaker (back) and low commission exchange (lay).

For this example I will use Smarkets.

In the picture above you will see the horse Copper Baked is priced at 1.91 with a number BOG bookmakers.

Horse Racing Arbitrage Strategy
Smarkets lay price is close to bookmaker back price.

We can offer a lay price that matches the current BOG bookmaker prices. When the lay bet gets matched we then place the back bet at a BOG bookmaker.

Horse Racing Arbitrage Strategy
Bet365 are a decent BOG bookmaker

From the above you can see that if the odds on Copper Baked stays the same price or comes in further we stand to win £90.90 for Bet365 and lose £90.01 from Smarkets for a £0.89p profit.

If Copper Baked loses we win £100 minus the 2% commission from Smarkets £98 and lose the £100 from Bet365.

Horse Racing Arbitrage Strategy

The key to this method is the large potential upside from the BOG (Best Odds Guaranteed) promotion. The Best Odds Guarantee promotion means that if a horses starting price drifts after you backed it you will get paid at the higher starting price.

So if Copper Baked price drifts before the off.  With the starting price going off at a price higher then 1.9 then Bet365 would pay out at its starting price under the BOG promotion.

For example if Copper Baked drifted to 2.5 before the off and won we would then be paid £150 by Bet365 and lose only £90 from Smarkets. This would equal a profit of £60 when our risk of loss was only ever £2.

In this example we get a horse rated at 2.5 for odds of 31.0. This does happen fairly regularly in the horse racing markets.

From using this method there is always a much larger upside then there is downside.

Also by sticking to shorter favourites. It doesn’t look like conventional arbitrage to the bookmakers.

This method is a great way of building your trading bank alongside matched betting and arbitrage.

In order to make the most of this horse racing arbitrage strategy you will need an exchange that offers lower commission then Betfair.

Although this strategy is still profitable with Betfair it is much more profitable if you can access the 0% commission deals available with some bookmakers.

In the long term paying 2% less commission is going to going to add to much greater profits. 

You can get 0% commission on both Smarkets and Matchbook by joining Oddsmonkey They offer a number of horse racing markets with ever increasing liquidity.

Alongside a host of other valuable tools that will allow you to make money from the sports betting markets.

OddsMonkey

 

 

 

 

Sports Betting Bankroll Management

What is a sports betting bankroll?

In the simplest terms a sports betting bankroll is an amount of money that we set aside for sports betting. We don’t use it to pay the rent or bills it is a completely separate investment that is solely used for sports betting.

What is a sports betting bankroll
Money used for sports betting should be seen as an investment.

As somebody that has been betting on sports and trading sports for a living the past two years I can say one of the biggest factors in being successful in both is treating them as a business and having proper bankroll management. Lets look at the difference between good and bad bankroll management.

First lets look at bad bankroll management.

What is a sports betting bankroll Bobby
Bobby the bad sports bettor

This is Bobby the bad sports bettor. Bobby has a spare £100 every week after he has bought food, paid the bills etc. Bobby isn’t bad at finding value bets however he no idea of good bankroll management.

Bobby likes to make two bets a week for £50 each, if they win next week he splits his winnings into two bets again and bets for example £100 on each game. Bobby does this until he either reaches a total of £1000 and withdraws or loses his money and starts again.

He does not think long term or record his bets but for every time Bobby reaches £1000 he loses £3700 trying to get there. Bobby is a losing sports bettor.

 Sports Betting Bankroll Management

Lets look at good bankroll management. Bobby learns good bankroll management and decides to put aside some of his wage that he has for recreational use.

Bobby has a bankroll of £1000 and uses bets between 2% to 5% of bankroll depending on the odds. When Bobby bets on odds between 1.5-2.0 he uses 2-3% bets, odds below 1.5 he uses 3-5% of his bankroll and bets above 2.0 he uses 1-2%.

This is very solid bankroll management and allows a very steady progression in his bankroll. Bobby records his bets and sees  over a year that for every £1000 he bets he is making a profit of £55. Bobby bets £10,000 that year and makes £550 in profit for a 5.5% return on his investment.

Bobby has become a winning sports bettor as he has learnt proper bankroll management.

I hope this answers the question what is a sports betting bankroll?

Whilst also giving some pointers on good and bad bankroll management.

Useful resources and links

Profitable betting strategy

Using the Kelly criterion for betting

 

 

Profitable betting strategy – Don’t discount short odds

Profitable betting strategy – Don’t discount short odds

All bettors hope to stumble upon a profitable betting strategy and sometimes they can be fairly simple.

So I have admitted to being somewhat of a gambling geek I have spent lots of time reading forums, blogs, books and whatever I can get my hands on that is betting/trading related.

I am always looking for a profitable betting strategy. One theory that I found interesting is the favourite-longshot bias in betting.

Here is some reading material for some of you that this might interest.

https://www.gamblingonlinemagazine.com/gambling-features.php?articleID=35

https://www.football-data.co.uk/blog/favourite_longshot_bias_football.php

https://www.progambler.co.uk/favourite-longshot-bias-in-fixed-odds-football-markets/

In a nutshell if you don’t want to read through those articles it shows that by blindly betting on every favourite you would lose a lot less then if you blindly bet on every underdog.

Bookmakers exploited the fact that a punter was more likely to back at higher odds. Given the chance to risk say £10 to win £90 then they would be to risk £10 to win £2.50. This lead to longer odds being much poorer value and further away from the real implied odds.

It indicates that is easier to find value in favourites then it is to do so in underdogs. A lot of the research I have read was from many years ago so I wanted to see if this trend is still prevalent in today’s markets.

Profitable betting strategy 

Looking at Pyckio a tipster site that has ranked thousands of tipsters we can see that the number one tipster bets at average odds of 1.28 (at the time of writing) going by the name of PistolPete with 6.1% yield over 568 bets.

He has achieved this by betting exclusively on low odds in Tennis. This is one indicator that the favourite-longshot bias is still prevalent at least in Tennis.

Profitable betting strategy
Betting short odds on tennis has shown to be profitable.

My second indicator was a service called Banker Bets which also focuses its betting on short odds over varying sports.

Over two years the service has banked an increase of 192.90% to the average available odds (meaning this could have been bettered by selecting the best odds available at the time.)

Spurred on by the success of the two above tipsters I then looked at how I could emulate their success and improve upon it. Another profitable betting strategy or theory known as value betting or chasing steam exists.

It basically states that by bettering the odds available at the sharpest bookmakers Pinnacle, SBObet etc in efficient markets such as the Premier League you will have a value bet. A value bet is a bet that has a greater chance of winning then the odds imply.

This wasn’t too difficult to do especially at the lower odds. Bookmakers such Ladbrokes, Betvictor and William Hill often had better odds then the sharper bookmakers. The exchange Smarkets with its 2% commission alongside another low commission exchange Matchbook also often provided greater odds then the sharpest bookmakers could offer on several occasions.

Using these two theories alongside some filters such as no injuries to key players, no heavy weather conditions, no major changes to a side I have small yet profitable sample size of bets to suggest this is worth continuing with.

From October 2015 to February the 14th I looked at home teams between the odds of 1.2-1.6. I only bet on teams that I was familiar with and had easy access to likely team formations, general team news etc.

The teams I chose were

  • Man City
  • Arsenal
  • Man Utd
  • Chelsea
  • Tottenham
  • PSG
  • Juventus
  • Atletico Madrid

After 53 bets at a level stake of £100 per bet the profit and loss was £618 with an ROI of 11.6%. The only overall losing teams over this period were Chelsea with a loss of -166 from £700 staked and Man Utd with a loss of -29 from £600 staked.

This is a small sample size however it is encouraging and with in play betting and trading an option there are ways which may improve this method.

For example teams such as Bayern Munich, Barcelona and Real Madrid that often start home games as 1.1 or below. In cases such as these we could explore the half time market or over 1.5 goals market in play.

There are many angles to take with this type of betting/trading.

I hope that this article has given you some insight into the profits that can be obtained from short odds. It could be a betting angle that is worth looking into.

Looking to make money from the sports betting markets.

Check out our recommendations below.