Now that you know a little about sports trading, let’s move on to the next phase: how to get started? There is no fixed rule or perfect strategy. We will cover some basic information to help you start your operations. Over time, you will probably start to develop your own methods and even redesign your entire project according to your reading of the market. For now, let’s start with some initial elements!
First Steps
Register at a Betting House
There are several options on the market. Our focus here will be football trading, but you can also explore other sports such as tennis, volleyball, basketball and eSports (Dota, CS, LoL).
The registration process is usually quick and simple. Once completed, make your first deposit.
First Operations
With your account already active and with an initial deposit, you can start trading. I recommend starting slowly, especially if this is your first time with sports trading. Use amounts that do not compromise your financial health and that, in the event of a loss, do not affect your emotional well-being.
Control and Planning
Control Spreadsheet
One essential tool is a spreadsheet. There are several available online, or you can create your own. Record your starting bankroll, your daily trades, profits and losses, and set goals. Setting a goal, whether daily or monthly, is crucial to keeping your feet on the ground and avoiding greed.
Realistic Goals
Setting realistic goals is key. For example, starting with 10 reais and setting a daily goal of 5%, you could have a bankroll of 4,116 reais in 30 days and 17,790 reais in 60 days. Maintaining consistent growth, even if it is 1% per day, already represents an excellent return in the long term, thanks to compound interest.
Low Risk Initial Strategies
In the next article, we will cover some low-risk initial strategies to help you understand how sports trading works. Stay tuned!
Additional Tips for Experienced Poker Players
-Banking Management: Just like in poker, bankroll management in sports trading is crucial. Never risk more than a small percentage of your bankroll on a single trade.
-Probability Analysis: Use your poker odds analysis skills to better evaluate bets.
-Emotional Control: Stay calm and make rational decisions, especially after losses. Emotional discipline is vital in both poker and sports trading.
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