Matched Betting to Sports Trading – What’s Next?
More and more people are moving from matched betting into sports trading.
Matched betting is a great way for anyone to get involved in the sports betting and trading markets as it is the easiest way of making money. Eventually bookmakers remove any bonus eligibility from your account or in some cases (Boylesport) close your account all together.
Matched betting is a great introduction into sports trading as it shows people that money can be made from the bookmakers. You should also become familiar with the betting exchanges and how they function.
Life after matched betting what’s next?
- Value Betting
First off you should still have a lot of bookmaker accounts left. There is still the potential to make more money from these accounts and value betting is probably one of the best ways of doing it.
By exploiting the fact that many bookmakers move their odds slower then the sharper Asian bookmakers such as Pinnacle we can find odds that offer good value.
- Sports Trading
At this point you are familiar with the betting exchanges and are looking to start making money trading. There are lots of potential options with sports trading.
Which sport? Pre match or in play? Lay drifting horses? Back potential steamers? Lay low odds in Tennis?
Its important to find your focuses and break down the sport that suits you best. Which sports are you most knowledgeable about? How much time have you spent looking at the markets? What have been your most profitable markets?
- Sports Betting
Matched betting might have allowed you to build up a big enough bank to consider going into sports betting.
One way of taking on sports betting is to build up a portfolio of proven profitable tipsters and looking at sports betting as a long term investment.
Matched Betting to Sports Trading
- You will lose sometimes
This is the big difference from matched betting to sports trading and betting. If you have been matched betting you will be used to constantly racking up the profits but trading and betting is a different animal.
Losing money is never pleasant but it is inevitable that at some point you will lose money and you have accept this as part of the game.
If you look on social media you tend to see lots of nice screenshots of winning trades or people going 5/5 in sports betting for the day. If you are not experienced this might give you the impression that sports bettors and traders rarely lose but in truth everybody has losses.
Once you accept that losses will happen it makes it much easier to find long term profitability as you aren’t constantly changing strategies, sports or tipsters.
- Learn about variance
This ties into the above buts it is really important to learn about variance.
Variance in the short term can make us believe an unprofitable strategy is profitable and a profitable strategy unprofitable.
If you start to build an understanding of variance then it diminishes the stress and shock of losing periods or losing trades.
Ryan is a former mixed martial arts and kickboxing competitor. 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. Over the course of 5 years he has managed to make a six figure profit using the strategies discussed on this site.
Ryan runs the sports betting and trading website www.smartsportstrader.com