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How to Make Money Trading Sports Online

Trading sports online can be a very profitable pastime and as more and more people get involved that means just one thing… liquidity. With the invention of the betting exchange and the rise and rise of the main one, Betfair, there is increasingly more money being traded on sporting events.

From horse racing to tennis and football to greyhound racing there are many markets to choose from and specialize in. There are even markets for financials and politics.

In-play betting and the ability to place “lay” bets have revolutionized our ability to profit from these markets (for 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 see how the odds move. Making sense of these patterns and developing successful strategies to make regular profit is the holy grail for many people.

The basic theory behind all this is that you need to back at a higher price than you lay. It is the same as business all over the world, you buy a product at one price and you sell it at another, the difference between the two being your net profit.

An example is I back a horse at 2/1 for £100. That’s 3.00 in decimal odds. If it wins I win £200 and get my stake back. Before the start of the race the odds come down to 6/4 or 2.50. I then lay it for £100 and if the horse wins I have to pay out £150. The difference between my back winnings and my lay liability is £50. That is what I would win if this horse wins and if it doesn’t, I lose nothing! A free bet. The really neat trick is to “hedge” your winnings out so you win the same amount no matter which horse wins. In the above example I could lay the horse for £120 guaranteeing me a £20 profit.

The obvious problem is what happens if the odds rise? You’re left with a bet you can’t 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 in the knowledge that the wins will outweigh the losses.

Paris Las Vegas Hotel and Casino Gambling with Slot Machines in Las Vegas  Nevada Photograph by David Oppenheimer

There are many and varied approaches to trading but the most important 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.

Microgaming is one of the leading software providers for the online casino industry. Established in 1994, Microgaming has launched over 200 slot machines, including classic slot online 3-reel slots, 5-reel video slots, and progressive jackpot slots. Microgaming generally introduces two or three new slot machines every month. This article, the second in a series of three, summarizes 6 of these new 3-reel and 5-reel casino slots, including Bill and Ted’s Excellent Adventure, Break da Bank Again, Celtic Crown, HipHopopotamus, Jolly Jester, and Track & Fieldmouse.

Based on a movie with the exact same title, Bill & Ted’s Excellent Adventure is new 3-reel, 5 pay-line pub fruity slot. This casino game has a wild symbol, two bonus feature games, and accepts coins from 10¢ to $10. The maximum bet per spin is $10. Play your slots right and you could win up to $70,000. Bill & Ted’s Excellent Adventure is only available in a no download flash version.

Break da Bank Again is a 5-reel, 9 pay-line casino slot that is a sequel to the popular Break da Bank 5-reel slot machine. Its theme is money and banking. This casino game has free spins, a gamble feature, a multiplier symbol, a wild symbol, and a scatter symbol. Break da Bank Again accepts coins from 1¢ to 25¢, and the maximum number of coins that you can bet per spin is 90 (9 pay-lines x 10 coins per pay-line). You could reel in as many as 7,500 coins.

Celtic Crown is a 5-reel, 25 pay-line casino slot that has free spins, a gamble feature, a bonus game, a scatter symbol, and a wild symbol. Its theme is mysticism and romance. Celtic Crown accepts coins from 1¢ to 25¢, and the maximum number of coins that you can bet per spin is 500 (25 pay-lines x 20 coins per pay-line). Play your slots right and you could reel in the top jackpot of 10,000 coins.

HipHopopotamus is another new 3-reel, single pay-line pub fruity slot. Its theme is hip hop music and a purple “gangsta” hippopotamus. This casino slot accepts coins from 10¢ to $10, and the maximum bet per spin is $10 (1 pay-line x 1 coin per pay-line x $10). The top prize is a towering $30,000. HipHopopotamus is only available in a no download flash version.

Jolly Jester is about the comical antics of court jesters in the King and Queen’s Castle. This 5-reel, 25 pay-line casino slot is perfect for the beginning player. Jolly Jester has a bonus game, free spins, a gamble feature, a scatter symbol, and a wild symbol. Jolly Jester accepts coins from 1¢ to 20¢, and the maximum number of coins that you can bet per spin is 125 (25 pay-lines x 5 coins per pay-line). You could reel in the top jackpot of 10,000 coins.

Track & Fieldmouse is a 3-reel, single pay-line pub fruity machine just in time for the Olympics. This casino slot accepts coins from 10¢ to $10, and the maximum bet per spin is $10 (1 pay-line x 1 coin per line x $10). You have plenty of Gold, Silver, and Bronze chances to win anything from a chunk of cheese to the grand prize of $5,000. Track & Fieldmouse is only available in a no download flash version.

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