1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Sports Trading

Discussion in 'Making Money' started by FireofWar, Jun 15, 2010.

  1. FireofWar

    FireofWar BANNED BANNED

    Joined:
    Aug 20, 2009
    Messages:
    86
    Likes Received:
    27
    It seems there are some people making a consistent amount of money with sports trading in places such as betfair and betdaq.

    Although everyone keeps on saying that to achieve a constant profit margin on trading a great deal of knowledge is required.

    I once before thought on trading as a part time business but at the time the only trading I knew was Forex trading and a great investement was needed to start making some profit.

    With bet trading the market is somewhat different, it's a more accessible market with much more liquidity.

    I know nothing about trading though, not in forex or bet trading, can anyone recommend me some good book or forum to read to learn everything I need to learn about bet trading?

    Thanks in advance
     
  2. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

    Joined:
    May 1, 2009
    Messages:
    5,913
    Likes Received:
    7,150
    Gender:
    Male
    Occupation:
    Geographer, Tourism Manager
    Location:
    Ghosted
    try to contact 0biwan, he claimed a few days ago in his thread that he's pulling a few thousands per month from sport trading:
    Code:
    http://www.blackhatworld.com/blackhat-seo/making-money/206050-how-did-i-make-my-first-4000euros-web.html
     
  3. FireofWar

    FireofWar BANNED BANNED

    Joined:
    Aug 20, 2009
    Messages:
    86
    Likes Received:
    27
    I will try to contact him, but nevertheless, aren't there any public forum, blog or etc that discusses trading methods aswell as a startup guide to sports trading?

    I know there is a very well established guide for forex trading over at babypips, aren't there nothing similar for sports trading?
     
  4. SpazzyMcSpazz

    SpazzyMcSpazz Regular Member

    Joined:
    Apr 20, 2009
    Messages:
    261
    Likes Received:
    76
    it might be more accessible but it has a lot LESS liquidity, even on betfair top events get about a couple of millions being matched, and that's about 5 or 10 soccer games and horse races per day, everything else is just a snail's game. a lot more gets matched in-play but that's a different story.
    anyways, you shouldn't just dive in into anything if you're risking money, don't start with buying ebooks and trading software, that's all i'm sayin
    i don't know if it's really easier. i spent quite some time fooling around with making a betting bot, then switched to manual trading, i made a bit of money but it was hardly worth the effort, so there, here's my story of unsuccess. I still think about all this stuff mostly just because I think it's kinda fun...
     
    Last edited: Jun 15, 2010