author: betcreative  added: 25 2013Print page

How to play on a betting exchange – odds trading

Betting exchange, sports trading. How to trade odds, what is trading and on what betting exchanges can you find trading? You will find out about all this in this article.



odds trading
Managing an own capitalSetting of a budgetDefining of the gaming aimWise selection of betsDisciplineTrading is a long-term investment
 
Mastery of managing an own capital
Management of own capital is the essence of not only bookmaker betting or gaming on a betting exchange, but also of corporate management or business dealing in the so called “shadow economy”. “Administration and management” is a discipline often encountered on lessons in universities. Especially students of economic directions have to have vast knowledge in this field.

For persons who are only becoming acquainted with the world of betting exchanges such definitions as capital management, gaming strategy, gaming system are little known, which are not placed corresponding importance. Such persons more often than not reckon themselves experts in the given branches, look only for commercial markets, open gaming positions not paying attention to bets being placed. Thinking of the kind “I will win much money in short terms” is mistaken!

How to play on betting exchanges? Below you will find hints


 
Setting of a budget
Before gaming on a betting exchange You need to understand one thing – your money will be frozen. This, unfortunately, can be a problem for everybody, especially a beginner player. Except from this you should determine a time period for which you save the money and more important is that you cannot withdraw it earlier – as funds on a deposit account. The following important thing is to divide money for living from the one for sports betting. Play only for money without which you can do.



 
Defining of the gaming aim
If you begin your adventures with a betting exchange then you need to have some aim, priority that you want to reach. This is the main condition which secures you succession and effectiveness of your gaming. It should be remembered that you should not set the standards too high or set aims impossible to reach at the beginning. Achievement of a definite aim gives a feeling of satisfaction, superiority over competitors, but what is the most important – motivation for setting the next standards.
 
Wise selection of bets
A corresponding betting is the best way to success. How to select bets? In many publications you can find information about you need to bet in such way that each “bet” does not contain more than 1-2% of your capital. The problem appears in case of having a 100 euro budget. It is said in books. And how does it look in practice? According to our opinion it depends on the budget which you dispose of. Having 5000 euro you can actually play for 1-2%, but with a smaller budget you will have to bet 5-10% of the capital in order for the game not to be painful and show some movement in your account.
 
Discipline
Discipline, or better “self-discipline” is the main definition which you have to become acquainted with before gaming on a sports betting exchange. Remember that acceptance of an effective system, gaming strategy is one thing and its realization in practice – completely different. Strategy and discipline are synonyms, one does not exist without the other. In such a way even the best system without appropriate self-control, corresponding behavior of players cannot bring success. Unfortunately this is the truth, you either joyfully spend time on the betting exchange as for entertainment or play for real.
 
Trading is a long-term investment
The main principle of players tells that trading is a long-term investment, as well as a deposit account opened for several months. You cannot treat gaming (what has been mentioned above) as a “quick earning”. It will not bring you anything even if you win great money for the first time. Trading is also a constant inflow of experience for a player, choosing of new tactics, learning of new gaming decisions. You should remember that otherwise you are in for a quick and unpleasant end of your adventure.
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