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Sports trading means backing and laying sports betting odds for a profit before the event comes to an end. By laying at short odds and backing at higher odds, sports traders are able to make money either in-play or even before kick-off! Personally, I went full-time sports trading in and quit in During those years I traded millions in horse racing markets and gained experience that helped me make the move to stock and forex trading. At the peak of my sports trading career I traded 3 millions of euros in a single month.

Read on to find out how I started, my bankroll requirements, my advice on money management and tips on how to improve your predictions and how to use betting charts. People very often ask me for advice on how to start in sports trading. I now give them a link to this very article. If you read the lines beloe, you will know:. Yet, you still need to predict the market correctly if you were to become a profitable sports trader.

I tried to explain that via showing my trading style in a numerous videos I uploaded at YouTube. The video that attracted the most viewers is this, so I guess it will appeal to you the most as well. I found betting exchanges in I used to bet the regular way in online bookmakers till then and like most, I initially found it difficult to understand what is going on in a betting exchange.

A total chaos that drove me away in the beginning. Little did I know that I would return a couple of weeks later and become a full-time sports trader!

That happened when I bumped into a video online, where a sports trader explained how he was making money by trading horse racing betting odds. He bragged that he rarely had a losing day! You know the saying: Finally, after watching his video over and over again, I pulled the plug and deposited my first euros in Betfair. That was my first and only deposit I made in the betting exchange. The kind of trading that Adam showed and I built my skills upon, is called scalping.

Scalping is trading miniscule odds movements, making small but constant profits. Yes, scalping is trading on steroids. You need speed for scalping. No, a 24Mbps internet connection does not guarantee the speed I am talking about. Ever played a video game online and experienced lag?

Now comes the best part: I began scalping with a 56Kbps dial-up internet connection. Odds were refreshing every 2 seconds minimum.

Talking about dark ages. Even under those circumstances, I managed to double my bankroll during the first month of sports trading. Yet, it was obvious I was handicapping myself. Upon installing a broadband internet connection a month later, my winrate skyrocketed. I did have losing days, but never did I have a losing month , like Adam. Skillful traders could actually make money in almost every horse race! The best handicappers and sports bettors could not beat that. The best sports betting strategy can have days in the red.

Sports trading was an entirely different beast. You made bad predictions, you chased your losses or you had bad internet connection. I cannot think of another reason to lose money. Thus, if you do not cut your losses early on, you are not scalping but gambling.

In fact, there is another reason to lose money in sports trading before the horse race starts, but I needed a headline instead of a bulleted list to address it. But why would you do that in the first place? Whatever the reason you are willing to let a trade go in-play, restrain yourself from doing it ever again! Accept your loss, take your one-tick-less profit and move on to the next horse race.

Trading never ends , the next opportunity is just a click away. You have no excuse to put your bankroll in such a high-risk environment. Even if you trade in-play, you still need to be disciplined enough to trade out with a hefty loss. As little as possible! Since you are reading this, I assume you are at best an amateur when it comes to sports trading. Therefore, you should invest the minimum amount of money until you become familiar with sports trading.

Because, as they say, you are going to lose that money — consider it a tuition towards your trading studies. So, why spend much when a few hundred dollars can teach you the same lessons?

I myself began with just euros, although I had studied about financial trading and chart analysis, while have proven myself that I was disciplined enough in gambling. What makes you think you are going to win from Day One, without ever reading a trading book? Remember that practice beats every book, but you do need some background to get your feet off the ground.

After allocating a specific amount of money for your trading endeavors, you should manage that money properly. How to do that? Ok, now you know perfectly well what I did, in order to become a successful sports trader and get interviewed by popular sports websites. In fact, this particular interview of mine has become quite popular and you can find more details of my sports trading career in that post. Gambling and investing usually present themselves with many money-making opportunities.

Unfortunately, those opportunities do not seem to last for long. When word is out and more fishermen jump into the pod, fish become extinct. On the other hand, old strategies fail while new ones prosper! More traders with fast internet connections joined the party, more astute bettors converted to traders and more sophisticated trading systems emerged to beat the old-fashioned ones. I had to evolve, much like I evolved after casinos barred me from playing blackjack due to me card counting.

And that is the curse of a professional gambler: I adapted by taking a look at another opportunity emerging at those times. That opportunity would allow me to go back to playing cards again.

Read my poker story here. First and foremost, my betting blog regularly features articles on sports trading as part of the betting on sports discussion. I have created a magazine where I save the articles I find online that help me improve my sports betting and trading skills. Feel free to read it. View my Flipboard Magazine. With that in mind, here are some resources I strongly recommend you spend some time on. In modern times of sports trading, sophisticated and advanced trading software is necessary.

Otherwise, competition will always be a step ahead. This software offers chart analysis, instant order placement and greening-up functionality to name just a few of their advantages. Before you decide on which software you are going to use in sports trading, make sure you time-trial it. Also, do not be afraid to share your credentials with officially approved software vendors and avoid sketchy ones.

Four favorites but only one winner read NFL: Which of the remaining 8 teams stand a chance for the Super Bowl 50? Part 1 read Champions League: I will deliver my posts straight to your inbox as soon as they're published. B acking is the same with betting. How I started sports trading People very often ask me for advice on how to start in sports trading.

If you read the lines beloe, you will know: What to avoid in sports trading Upon installing a broadband internet connection a month later, my winrate skyrocketed.

In scalping, much like in trading, you make money when you predict odds movements correctly. If you constantly trade in the wrong direction, you are going to be broke. In scalping, that means you suffer many small losses instead of scoring many small wins. This means you will ultimately have a lot more winning trades, yet the net amount won per each trade will remain about the same.

This is lack of discipline. Being a scalper, sports trader, a position trader or an investor, chasing your losses is one of the biggest leaks. This leak can and will bring any profitable strategy to its knees. Chasing losses is found in any form of gambling, therefore if you caught yourself doing that, you are not ready yet for sports trading.

Because of the high betting frequency in sports trading, your lack of discipline can have a devastating result in a much shorter time. Make sure you are not prone to tilting and losing temper, before delving into sports trading.