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Trading sports good online soccer casino may be a really profitable pastime and as increasingly more people get involved that implies just one thing… liquidity. With the invention of the betting exchange as well as the rise and rise of the main one, Betfair, there is increasingly additional money being traded on sports events.
From horse racing to tennis and football to greyhound racing there are various markets to select from and focus on. You’ll find even markets for financials and politics.
In-play betting as well as the capability to place “lay” bets have revolutionized our ability to benefit from these markets (for all those not in the know a lay bet is betting that an event will not occur ie a horse will not win a race). Just watch any in-play tennis match and find out how the odds move. Making sense of these patterns and developing successful strategies to make regular profit will be the holy grail for many individuals.
The fundamental theory behind all this is that you need to back at a better price than you lay. It’s the exact same as business all around the world, you buy a product at one price and also you sell it at another, the main difference between the 2 being your net profit.
An example is I back a horse at 2/1 for Ł100. That’s 3.00 in decimal odds. If it wins I win Ł200 and get my stake back. Ahead of the start of the race the odds come down to 6/4 or 2.50. I then lay it for Ł100 and should the horse wins I have to pay out Ł150. The real difference between my back winnings and my lay liability is Ł50. That is what I would win if this horse wins and if it does not, I lose nothing! A zero cost bet. The really neat trick is to “hedge” your winnings out so you win the same amount regardless which horse wins. Within the above example I could lay the horse for Ł120 guaranteeing me a Ł20 profit.
The most obvious problem is exactly what happens should the odds rise? You are left with a bet you cannot sell or get rid of without losing at least some of your stake. This is where the difference between traders and gamblers comes in. A gambler takes risks in order to possibly achieve a profit. A trader is happy to take a series of small losses safe within the knowledge that the wins will outweigh the losses.
There are plenty of and varied approaches to trading although the most significant thing is discipline. As soon as you fail to close a trade that has gone against you you are no longer trading but gambling. Sure, you might get away with it but when it goes wrong you will certainly lose a lot more than you bargained for. The very best way to focus your thoughts and stop the gambling tendency arising is to work to strict strategies with defined entry and exit points.