If you were to compare the gambling market today with that of twenty years ago, the difference… suffice to say would be massive.
Twenty years ago in the UK there were two or three major high street bookmakers controlling the domestic gambling markets. It was virtually impossible to make money betting long term, along side this market oligopoly people were charged tax on their winning bets, however this law was abolished in October 2001 in the UK.
In today’s world the market has developed significantly and has near ‘perfect competition’ thanks to maturing Internet technologies allowing punters to bet online through bookmakers, betting exchanges and spread betting firms สมัคร Royal Online.
A number of spin-off techniques have grown popular because of this and they utilise all the various betting platforms available. ‘Sports trading and arbitrage’ are popular methods used today to create scenarios where by you guaranteed to make a profit. Such opportunities have encouraged a new type of ‘professional gambler’ that doesn’t necessarily fall within the same category as perhaps ‘traditional gamblers’ that were once at the mercy of betting shops. Simple arithmetic techniques and money management are the way forward if you’re to make a profit long-term in today’s gambling environment, however many neglect these simple rules and the statistic for people that manage to lose money gambling is around the 98% mark.
Sports trading has become popular with the arrival of ‘betting exchanges’ such as ‘betfair’ these institutions allow the betting public to either ‘back’ or ‘lay’ on sporting events. The term ‘lay’ in the context of betting exchanges means ‘betting against an outcome’ for example you could place a bet that Manchester united would not win the premiership this season.
Sports trading example
The trading part in sports trading happens when odds on exchanges move as an event progresses. For example you could back a team to win the FA cup lets use Chelsea as an example.