This is our 6th interview in our series of interviews with Trademate Sports customers. Thanks to Jørn for sharing his sports trading journey with us. His interview has been translated into English. His original answers in Norwegian can be found further down.
My experience with sports trading is that if one has the time and patience, it is a guaranteed source of income over time. The variance is higher, the higher your odds range is. I’ve bet with more than 10 bookies now and have been limited on the most of them. I have not made a great deal of money compared to the time spent, but that is mainly because my starting bankroll is too low.
I would recommend beginners to save up some money before starting with sports trading. When first getting started, one should have a decent starting bankroll. Somewhere between $1000-$2000 would be a good place to start.
I’ve made the most money on football, so I would recommend mainly sticking to football. Part of the reason behind this is that I have knowledge about which trades that are worth playing and which are not. The majority of good trades can be found in the so-called “low liquidity markets”. E.g. lower divisions in Norway.
A lot of people recommend staying away from playing on these leagues because you get limited faster. I try to stay under the radar as long as possible, but I rarely decline a good trade even in the lower divisions. Start by putting in a couple of accumulators, so that the bookies will profile you as a losing player. After that, just place trades anywhere there is value, that’s my advice. There are so many bookies out there that it will take time to get limited on all of them.
Keep your odds range between 1.60 - 4.50. To play 4.50 in odds, you should have an edge of 7%. Volume = long-term profits. So place as many trades as you possibly can. When there are many games on try to distribute your bankroll across as many trades as possible. Play edges as low as 1.5% to increase the volume during weekdays. Dedicate a couple of hours on the weekends when the majority of games are on and try to play through your entire bankroll on the different bookies.
I have only played on softs so far. Still not limited on a lot of bookies.
My bankroll is about 45k NOK, as I have cashed out quite a bit. Making withdrawals costs in the form of fees. And it takes some time to get the withdrawals from some of the bookies.
I place around 100 trades per week during the season.
Slightly below 100k NOK per month.
Not sure, but it usually takes a couple of hours. I usually have the Trademate feed up, while I’m doing other things on my laptop.
The fund growth goes up and down as I keep making withdrawals and deposits on different bookies, so it is not really representative for how much money I’ve made. My avg. ROI per bet is at 3.1% and I’ve played for almost a million NOK across 6750 trades. Including the bonuses, that adds up to a nice profit. I make more money on sports trading than having the money in the bank, so for me it is an easy choice. I do spend quite a bit of time on it, but then again I do think it is fun!
I’ve had bad-runs of 8-10k NOK (about $800-$1200). Nothing went the right way for a longer period of time. Then I had to reduce my stakes. When the trend turns around, I’ve made back what I lost quite fast by increasing my risk by increasing the stake size per trade. It swings both ways.
After a good downswing there will always be an upswing and vice versa. You could keep your stakes flat or do as I and speculate a bit when the wind in the sails turn. My highest stake on a game was 2750 NOK ($350) on New York Yankees to win against Texas Rangers some time ago.
The edge was more than 30%, 8 minutes before the game started. The odds dropped before the game started, but the Texas Rangers got an early lead. 6-0. The Yankees managed to pull it back to 6-5, but that was it. I would recommend staying away from large bets on low odds.
I have burned myself multiple times doing so. Just stay away from 1.29 - 1.49 in odds. The value here is marginal and one has to place high stakes to get a good return. It is rarely worth it. To get in a 1.70 in odds is almost as easy/difficult to get inn as a 1.40 in odds.
I use Trademate Sports, because it is fun and to make money.
What I like the most about Trademate Sports is the fact that it works. One can make a living from this with a high enough bankroll and turnover. It can be difficult to achieve on the soft bookies though. To make a living one would need a yearly turnover of 30 million NOK and an avg. ROI per bet of 2-3%, plus avoiding high fees.
Variansen er høyere jo høyere oddsrange man spiller på. Jeg har spilt på over 10 bookies nå, og blitt limitert hos de fleste. Jeg har ikke tjent gode penger på dette i forhold til tiden jeg har lagt ned, men det er fordi bankrollen min er for lav.
*If you would like to share your experiences with using Trademate, let us know via the chat :) It is possible to share your experiences anonymously as well.*
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