Many punters in the world today are yet to understand what sports trading is. The term seems complicated and they seem to lose interest even before knowing what it is.
However, when you get to realise what sports trading it, you’ll find it interesting and profitable. Even though it could take time to master, it is worth your attention.
The idea of sports trading was gotten from Stock trading. It was inspired by the way shares are bought and sold on the stock market. The idea was invented by Edward Wray and Andrew Black, founders of the Betfair website. And till today, Betfair remains the largest betting exchange platform in the world.
What sports trading does is allow you to carry out the same activities in Stock trading with sporting events. You can finish trading even before the event starts, or allow the game to begin and watch the odds fluctuate in reaction to what’s taking place.
In simple terms, Sports trading is the act of backing an outcome at certain odds, and then laying it at lower odds to lock in a profit.
When you back an outcome on a bookmaker or exchange, you are betting on the outcome to happen. These types of bets are called back bets at online bookies. Conversely, laying a bet is wagering that the outcome will not happen.
Generally, when you bet online, you are doing so against the bookmaker. That is, if you’re saying an event will have a particular outcome, the bookmaker is saying it won’t.
In an actual sense, it means that when you back a bet, the bookmaker lays it. Thus, the one whose prediction happens takes the cash. If you win the back bet, the bookie losses and pays you. But if you don’t win, you forfeit your bet amount.
However, what sports trading does is bring you in positions of the punter and bookmaker. You are betting for and against the same outcome, only that the odds you lay with are lower than the odds you backed.
Still, looking complicated? No need to worry, let’s see how it works in detail, you will be the next Caan Berry in no time. Caan is a professional trader who specialises in horse racing trading. Sports trading