Sports Spread Betting For A Living
🛑 👉🏻👉🏻👉🏻 INFORMATION AVAILABLE CLICK HERE👈🏻👈🏻👈🏻
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our marketing partners, social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. You consent to our cookies if you continue to use our website.
Don’t have time to read the Guide now? Request a PDF version.
Can you make a living spread betting? – Indeed, you can.
Hugely successful spread bettors include Simon Cawkwell, who has made countless millions with spread bets on stocks. Simon Smith is a bit cagey about exactly how much money he’s made from spread betting on housing prices, but confesses that it’s been at least enough for him to pay off his mortgage.
Yes, the majority of spread bettors will make mistakes and lose money but a minority are profitable, this is evident from a review in 2016 when the FCA found 82% of retail traders lost money, this means the 18% balance must either breakeven or be profitable – about 1 in 5.
In this chapter, we’re going to go over some practical steps to get you onto the right side of this divide.
If you plan to make a living from spread betting, then you are, in effect, starting your own business as a spread bettor. As such, you should approach it like starting a business. Most businesses take a couple of years to become firmly established and consistently and significantly profitable. Your spread betting business is likely to be no different.
Having sufficient capital to start your spread betting business is actually likely to help you succeed
Having sufficient capital to start your spread betting business is actually likely to help you succeed, as it will free you up from feeling pressure to be profitable on every spread bet trade right from the beginning.
Next, you need a good business plan. Part of creating a business plan for spread betting is going to involve finding and adopting a profitable spread betting trading strategy.
It may take some time spent experimenting with various trading strategies before you find one that is (A) profitable and (B) that you’re comfortable with using.
Learn more, take our free course: Understanding Brokers
At the beginning of this chapter, we made reference to a number of spread betting success stories. You may have noticed that each one of the successful spread bettors named specialised in trading a certain market – Cawkwell, the stock market, and Smith, the housing prices market.
Most successful investors of any stripe concentrate their trading efforts on trading the financial instruments of a specific market. Therefore, it makes sense to focus your own trading efforts in the same way.
If you already have experience in, for example, trading stocks or forex, then you may want to take whatever skill and expertise you already have in one of those markets and apply it to spread betting.
Alternatively, you may want to blaze a trail as a spread bettor in a market that you haven’t previously traded. Either way, it’s important to find a market that fits your trading style and then learn all that you can about trading that particular market.
There are a couple of important calculations you need to make in planning out your spread betting business.
If you’re planning to make a living from spread betting, then how much annual income from betting do you need to live comfortably or at whatever level you desire.
What kind of return from your spread bets do you need on a daily, weekly, or monthly basis in order to generate that level of annual income. That calculation has to take into account what type of trader you are – a day trader, a long-term trader, or something in between.
However, depending on how much money you have available to fund your spread betting business, you may have to start out betting at that level and then gradually increase the size of your bet stake as your trading account grows.
In that case, you also need to try to estimate how long it will take you to amass sufficient trading capital to be able to bet at the level you need to in order to make a living from your trading.
Just like fine-tuning any business, successful financial spread betting takes time, practice, and effort. Don’t expect to be a market wizard right from the start. Instead, be realistic and just accept the fact that it takes time and learning to become a really good spread bettor
Be realistic and just accept the fact that it takes time and learning to become a really good spread bettor
First of all, no matter how adept you become at spread betting, you’re going to still have losing trades from time to time. Even the very best spread bettors don’t win every bet. Second, every losing trade can be a learning experience that helps you have more winning trades in the future.
The best attitude is to simply view losing trades as part of the cost of operating your business. There aren’t any businesses out there that operate with a 100% profit margin, so why expect yours to be any different
One of the many advantages that the spread betting industry offers is that you can make money from financial spread trading just as easily selling short as buying long. In fact, Simon Cawkwell amassed the bulk of his spread betting fortune by making short selling spread bets – betting on stock prices to drop rather than to rise.
A reversal is usually confirmed when price crosses over a major moving average
It may take some practice to get comfortable enough with selling the spread so that you are equally ready to buy and sell the market at any time. You can speed up your learning and trading skill in this area by making a conscious effort to be on the lookout for selling opportunities, and by always making sure to examine the markets from both sides, both buyers and sellers.
Keep in mind that the only reason one trader is able to buy is because another trader is equally willing to sell – and that selling trader is just as convinced that the market price is going down as the buying trader is that the price is going up.
And if it’s possible to make money from it, then it’s also possible to engage in financial spread betting for a living. All that’s necessary are the same ingredients that make for any successful business:
All profitable businesses are the result of hard work, regardless of whether that work is manual labour or market research. As long as you’re prepared to do the necessary work to make your spread betting business a success, there’s no reason that you can’t be the next spread betting success story.
Learn the skills needed to trade the markets on our Trading for Beginners course.
25th August - Wednesday at 1130 GMT
I am happy to receive more information from My Trading Skills.
If you are human, leave this field blank.
My Trading Skills® is a registered trademark and trading name of PMJ Publishing Limited. The material on this website is for general educational purposes only and users are bound by the sites terms and conditions. Any discussions held, views and opinions expressed and materials provided are for general information purposes and are not intended as investment advice or a solicitation to buy or sell financial securities. Any person acting on this information does so entirely at their own risk. Trading is high risk, it does not guarantee any return and losses can exceed deposits. My Trading Skills®, its employees and directors shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein. Trading may not be suitable for you and you must therefore ensure you understand the risks and seek independent advice. The information on this site is not directed at residents of the United States or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
© 2021 Copyright PMJ Publishing Limited. All rights reserved.
The My Trading Skills Community is a social network, charting package and information hub for traders. Access to the Community is free for active students taking a paid for course or via a monthly subscription for those that are not.
Home > Blog > Make A Living Sports Betting
Author: Toby Aldous Last Updated: May 8, 2020
You’ve probably heard several clichés about sports betting, such as “you can’t beat the bookies”, or “it’s a mug’s game”. It’s fair to say that sports betting, and indeed any other form of gambling, can be highly damaging to your bankroll if you approach it without any kind of advantage or ‘edge’ in your favour.
But make no mistake: there are methods for consistently earning from sports betting. You just have to be willing to learn and apply proven techniques, adjust your mindset — and invest your time and effort.
Here’s four methods professionals use to earn a living from sports betting.
Professional traders develop their own strategies, and earn a living from them using the betting exchange (e.g. Betfair). Becoming a successful sports trader is tough — because the betting markets are highly competitive and efficient.
The betting exchanges function like financial markets, and many of the same principles apply to both. The main difference is that the majority of sports traders seek short-term price movements. Most active markets are for upcoming fixtures.
There’s infinite strategies that can be applied to sports trading, but one very basic principle must prevail: “Back High, Lay Low” (or “Lay Low, Back High”). This process enables traders to secure a guaranteed profit.
Using a hedging calculator (Betfair now have this function built into their betslip) you can work out what Back/Lay stake is required to guarantee a profit from a shift in the odds.
There are many reasons that odds fluctuate on the exchange. Pre-game football odds often move due to rumoured injuries and team line-up changes. The most significant in-play price swings occur after (or just before) major events — such as goals, red cards and penalties.
The art of sports trading is being able to detect when the odds are about to change, as well as knowing how long to hold your position for. Your prediction method dictates your next move.
Betfair trading is very difficult to master, and technology plays a huge role in assisting traders in building automated strategies. Punters are recommended to start out slowly – maybe think about how to make £10 per day on the exchanges before diving in for big stakes.
Potential Earnings: £0 – £500,000 p/y
Value betting is about selecting outcomes with a greater chance of winning than their odds suggest. It carries risk. However, with a proven selection method, over a lot of stakes, the punter is expected to earn a profit.
How much you can make really depends on your bankroll and if you can find someone to take your bets.
What the average gambler fails to acknowledge is that every outcome in sport — no matter how far-fetched — has a real probability of occurring. Discovering those probabilities, and finding inflated odds in the market is the key to tilting the edge in your favour.
We’ll assume the accurate probabilities for a Man United vs Man City fixture are as follows:
Note that all probabilities add up to 100%. This is vitally important.
Keep in mind that any of the three above outcomes can have value. It doesn’t matter what’s most likely to occur. It’s all about the odds on offer.
So for argument’s sake, let’s suppose a bookmaker offers a price of 2.20 for Man City to win.
Given that we know that the real chance of Man City winning is 50% (2.0 decimal odds), we determine that 2.20 for Man City is a value bet. This is what is known as a bet with a positive “expected value” or “EV”.
The challenge in value betting is accuracy. Only those willing to invest time & effort into developing a detailed statistical betting ‘model’ or ‘system’ — or those able to invest in value bet finders — will be rewarded with long-term profits.
Potential Earnings: £0 – £200,000 p/y
Matched Betting is a relatively simple technique used to earn a profit from free bets & promotions offered by online bookmakers. It’s risk-free and based on the application of a simple equation rather than chance.
Anyone can become a Matched Bettor, no matter how little they understand about betting. It’s quite possibly the easiest way for anyone over the age of 18, living in the UK, to earn an extra income from home.
With any Matched Bet you place opposing stakes, as follows:
For newbies: a “Lay” bet means betting against an outcome by accepting bets on it. Just like a Bookmaker does.
The net result of the two bets is break even — there’s no profit. However, this process enables punters to qualify for a free bet promotion. The same process is repeated with the free bet being placed at the bookmaker (instead of funds), and the exchange bet once again offsetting the risk.
Your free bet ensures that you have an advantage. Think of it as betting with someone else’s money, where you get to keep any winnings! Provided you calculate the correct Lay stake to place on the betting exchange, then you’ll end up in a net profit whatever betting account wins or loses.
Matched Betting might seem complex at first. However, it’s pretty straightforward with a bit of practice. Some minor stake calculations ensure you’ll make a profit every time.
Potential Earnings: £10,000 – £30,000
The last legitimate way to make a living betting on sports I’ve got for you is arbitrage betting. An arbitrage bet is when a punter places a combination of stakes, covering each outcome of a sports event, in order to secure a profit regardless of the result. Arbitrage bets can be placed using two or more bookmakers, and/or betting exchanges.
The process of arbing is very similar to Matched Betting. However, the big difference is that arbitrage relies on misaligned odds to get an advantage — whereas Matched Betting relies solely on promotions.
The simplest form of sports arbitrage opportunity is where the betting exchange Lay odds are less than those offered by the bookmaker.
Imagine the bookmaker offers 7.0 for West Ham to beat Tottenham away in the Premier League, whilst the exchange Lay odds are 6.0 for the same selection. This misalignment creates an ‘arb’, — because bettor has the opportunity to secure a risk-free profit.
Here’s the outcome of this theoretical scenario with a flat £10 stake:
Bookie: (£10 x 7.0) – £10 = +£60 profit
Exchange: -(£10 x 6.0) +£10 = -£50 loss
This process essentially employs the “Back high, Lay low” trading philosophy (see ‘Sports Trading’ above to learn more).
What this bet combination achieves is a scenario where you’ll either make £10 or break even, no matter what outcome. The edge is in the punter’s favour.
This can be improved further by adjusting the Lay stake on the betting exchange to spread the winnings across any outcome — just as you would in Matched Betting. That way there’s a profit every time.
Potential Earnings: £10,000 – £30,000
Toby Aldous is most well known for his professional sports betting blog Punters2Pro. Having graduated from university with a Computer Science degree he's been at the forefront of developing Betfair's trading algorithms and value finder tools. His experience in sports data analysis is second to none and his realistic approach to sports betting stands out in a space which is over hyped and sensationalised. Follow on Twitter @punter2pro
Copyright, 2021 CheekyPunter.com – Please Gamble Responsibly – Our #Ad Policy
Cheeky Punter uses cookies to help improve the user experience on our website - for more see our privacy policy. OK - that's fine!
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities...
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
Naked Ass Furry
Hentai Swimsuit Stockings Art
Homemade Granny Sexwife
Russian Fetish Torrent
Sex Pornstar Threesome Moms
Can You Really Make a Living Spread Betting? - My Trading ...
Can You Make A Living Betting On Sports? How Much Can You ...
How To Make A Living From Sports Betting (2021 Edition ...
How To Make A Living Sports Betting – Full Assessment of 3 ...
Sports Betting For a Living | Lotto Keeper
Spread Betting for a Living | How to Make Money
Financial Spread Betting for a Living
Sports Spread Betting For A Living
