Looking for Opinions : Odds Trading VS Crypto Trading

[SyGambler]

So recently I have been trying to learn how to trade the odds of sports using exchanges like Betfair and Matchbook
I'm still totally new to it so I have no experience , and I thought it may be helpful to ask here in case we have some people who tried both trading the odds and trading crypto

so in general I'm looking for experiences to know which one of them is better , or in other words which one of them worth the time invested to make more money

any feedback on these will be really much appreciated

[1715121980]

1715121980

[1715121980]

1715121980

[1715121980]

1715121980

[Juggy777]

So recently I have been trying to learn how to trade the odds of sports using exchanges like Betfair and Matchbook
I'm still totally new to it so I have no experience , and I thought it may be helpful to ask here in case we have some people who tried both trading the odds and trading crypto

so in general I'm looking for experiences to know which one of them is better , or in other words which one of them worth the time invested to make more money

any feedback on these will be really much appreciated

Hey basically you're comparing gambling in sports to gambling in cryptos, you should know one thing for starters both work on a uncertain event which results may go either way i.e. One of the team can win, it could be a draw or rain may play havoc, similarly for cryptos a good news will lift it up, but a bad news will pull it down.

In my experience sports odds are better, and my suggestion is pick a sport, narrow it down and then stick to it.

 To illustrate you my point, pick football in that pick EPL now pick Man City or Liverpool to win most matches. This is an example you'll need to study stats, form, coach, players,  but it's worth it,  I feel you'll make more money in sports odds.

[Wendigo]

You have to be very careful at betting exchanges if you assume the role of the layer, because you run the risk of getting wiped out in one unlucky lay if the liability you have accepted is too high. Normally, I would only back plays as in playing against the house - letting other players make their lay bets and then back them if the odds are any good as I would do at a normal sportsbook. Hedging is more easily done on exchanges though as you could better fine-tune the odds in your favor.

[SyGambler]

So recently I have been trying to learn how to trade the odds of sports using exchanges like Betfair and Matchbook
I'm still totally new to it so I have no experience , and I thought it may be helpful to ask here in case we have some people who tried both trading the odds and trading crypto

so in general I'm looking for experiences to know which one of them is better , or in other words which one of them worth the time invested to make more money

any feedback on these will be really much appreciated

Hey basically you're comparing gambling in sports to gambling in cryptos, you should know one thing for starters both work on a uncertain event which results may go either way i.e. One of the team can win, it could be a draw or rain may play havoc, similarly for cryptos a good news will lift it up, but a bad news will pull it down.

In my experience sports odds are better, and my suggestion is pick a sport, narrow it down and then stick to it.

 To illustrate you my point, pick football in that pick EPL now pick Man City or Liverpool to win most matches. This is an example you'll need to study stats, form, coach, players,  but it's worth it,  I feel you'll make more money in sports odds.

I'm not sure if I understood your post correctly , but in general trading odds is like betting a team to win at X1.80 for example cause you feel that the price will get shorted in the coming hours so if the odds went to X1.75 for example you make money and if it went higher you lose money

You have to be very careful at betting exchanges if you assume the role of the layer, because you run the risk of getting wiped out in one unlucky lay if the liability you have accepted is too high. Normally, I would only back plays as in playing against the house - letting other players make their lay bets and then back them if the odds are any good as I would do at a normal sportsbook. Hedging is more easily done on exchanges though as you could better fine-tune the odds in your favor.

true and I understand the risk , but do you think trading the odds can be more lucrative than trading crypto assuming someone is investing the both amount of time and money in both of these ?
so far I do only back bets as value bets , but still considering starting trading

one of the gamblers I know actually told me that it doesn't worth the time to trade the odds and the time spent on crypto trading will be more lucrative
but still trying to collect some info from different guys that tried both of these

[Wendigo]

I think it's worth the time if you are arbitrage betting or hedge betting professionally with a good amount of money. As a hobby or a side income stream it's not worth the time in my honest opinion. You would be better off just putting aside some cash and investing it into a new shitcoin and making a profit off a pump & dump. You just write off that sum as lost at the start and if you make 5x or 10x the initial investment it's great. If not you can rinse and repeat with another altcoin till you strike gold. It's slightly off topic, but I think this is the most efficient way time- and money-wise to make some cash for casual bettors/traders. I am not a professional so I don't day trade or trade at exchanges.

[SyGambler]

I think it's worth the time if you are arbitrage betting or hedge betting professionally with a good amount of money. As a hobby or a side income stream it's not worth the time in my honest opinion. You would be better off just putting aside some cash and investing it into a new shitcoin and making a profit off a pump & dump. You just write off that sum as lost at the start and if you make 5x or 10x the initial investment it's great. If not you can rinse and repeat with another altcoin till you strike gold. It's slightly off topic, but I think this is the most efficient way time- and money-wise to make some cash for casual bettors/traders. I am not a professional so I don't day trade or trade at exchanges.

thanks a lot for the advice , I got a couple of books talking about betfair trading and will see what to expect if someone decided to start trading the odds
so far you and the other guy I know both have the same opinion , that investing or day trading shit coins is probably more profitable but since I like experiencing different types of making money I think I may try odds trading as well

[Wendigo]

Making money on betting exchanges is fine and multiple income streams are great, but I just wanted to say that if you aren't trading some massive amounts of money you shouldn't expect to get rich doing that. Just don't have very high expectations if you aren't a pro that's all   I don't like it much, because it's more time-consuming and less rewarding than sportsbetting, albeit less risky. If you can make it work and are happy with the profit - good for you mate  

[tokeweed]

Here's the thing...  In your learning process you're gonna find out what you're good at.  If you're good at one and bad at the other then stick to the one you're good at.  If you're good at both then go for both, but if you're leaking money in both then gtfo.

[shanem]

Crypto trading is bad now because the market is quiet at the moment. I would prefer odds trading but you need to be careful. Many sportsbooks do not allow you to arbitrage odds between exchanges and your maximum bet might be limited if they discover that you are doing this.

[mikyadel]

since you are new to this , i recommend taking care . Gambling can become addictive very easily and without any prior notice !
crypto trading isn't considered gambling unless you are just betting on some coins with no proper knowledge . it's more like a probability game , you enter a trade with the knowledge that your profit : loss is 3:1 or whatever you feel right , so with experience gained on the way you can increase that ratio.

[earnadoge]

I say dive into both and see what has more pull over you.  There are people who make money in both, some have natural gift in horses, trading, basketball, etc.  Once you move beyond a recreational gambler (betting on a game for fun), and start analyzing results and thinking long term, who knows what can happen.  I noticed horse percentages are all over the place before a race, so if someone can calculate a percent they think a horse will win and continuously buy it at better odds, lots of money can be made, but I'm sure its super difficult.  There was a poker game on tv, and all these celebs were there, as well as rich people who bought in as well, and one guy was a millionaire who bets only on basketball.  And I think he calculates the odds himself, and than buys at places that have calculated it a little bit off.  In any case anyone can have that gift and love for their chosen profession, but its all very difficult for an average person.

Edit: also very low stakes when starting is good i think, even paper trading, paper sports trading.

[Docnaster]

I think what you're talking about is matched betting, where you take advantage of odds discrepancies between different bookmakers to ensure that you cannot lose regardless of the match outcome. I would say that if this is indeed what you're talking about, then this is more certain than trading as you literally cannot lose, whereas trading is always associated with some degree of risk. Best to do both at low levels, until you work out what's best for you. Though the matched betting tends to have very low limits so you can't win too much.

[shield132]

Personally I suggest you crypto trading over odds trading. This last one has high risks and you can lose easily your money. Now imagine trading, currency won't fall so much to leave you without anything. Imagine even if you invested in zcash when it launched, despite the price fall, you could still own something but you can easily lose all of your money on betting. For profit terms, for example take bitcoin, ripple... They had 1000x profit potential with lower risk compared to odds.

[SyGambler]

I think what you're talking about is matched betting, where you take advantage of odds discrepancies between different bookmakers to ensure that you cannot lose regardless of the match outcome. I would say that if this is indeed what you're talking about, then this is more certain than trading as you literally cannot lose, whereas trading is always associated with some degree of risk. Best to do both at low levels, until you work out what's best for you. Though the matched betting tends to have very low limits so you can't win too much.

no mate , what you are talking about is arbitrage which is yes one of the trading types but most of the times you have zero risk
I'm talking about odds trading in exchanges , as I said like you see the odds are really high for a certain team so you take the bet since you think the odds for that team will go lower so basically you make money if the odds went lower than what you placed your bet on and lose if it goes higher
there is a risk in these since traders doesn't let the bet run , they back the bet and then they lay the same bet at some point resulting them either winning a certain percentage or losing a certain percentage

Personally I suggest you crypto trading over odds trading. This last one has high risks and you can lose easily your money. Now imagine trading, currency won't fall so much to leave you without anything. Imagine even if you invested in zcash when it launched, despite the price fall, you could still own something but you can easily lose all of your money on betting. For profit terms, for example take bitcoin, ripple... They had 1000x profit potential with lower risk compared to odds.

regarding how much to win or to lose , I guess both are the same but still not sure since I'm still new to it
that's why I created this thread to see if any of the guys here tried both of these and to see what to expect

in general I can assure you that even in odds trading it's really hard to lose all of your money , since you aren't relying on the match outcome but you are relying on buying good odds to sell it back to other people when the odds get shorter

[Ucy]

Odd trading sounds like a game of chance to me. Cryptocurrency trading doesnt feel like gambling at all.  It is little bit predictable. You can actually make regular profits from cryptocurrency trading. Am not sure if this is possible with the Odd trading.

[vennali]

So recently I have been trying to learn how to trade the odds of sports using exchanges like Betfair and Matchbook
I'm still totally new to it so I have no experience , and I thought it may be helpful to ask here in case we have some people who tried both trading the odds and trading crypto

so in general I'm looking for experiences to know which one of them is better , or in other words which one of them worth the time invested to make more money

any feedback on these will be really much appreciated

I think what you mean by trading the odds of sports is Arbitrage betting. For Arbitrage betting, you need to sign up for a few sportsbooks and check lines on all of them to see if theres a chance of making money out of betting on opposite outcomes on desired sportsbook. The problem is, Sportsbooks know that this is a possibility and if they find out that you are arbitrage betting then they will most probably lock your account(I doubt it that you will come under scanner for amount lower than 1000$'s though). There are a few websites where they display spreads of all the popular sportsbooks. So you can start off with those, to quickly understand which website to register too. Also, very important skill you already need to possess is, Maths. To be able to calculate what stake at certain odds do you need to bet to be able to maximize profits. Once you get the hang of it, Im sure it will become automatic. Good Luck with it and if you need any help, feel free to PM me. Maybe we can collectively beat the bookies.

Edit: Crypto Trading has comparatively a high risk, high reward affair and you have to be able to make snap decisions. Where as, Arbitrage in sports, you get slightly more time and is 100% safe, if done right. Lower rewards though.

[Sanitough]

Odds trading is quite probably according to what I read in the past.
I started really as a gambler specifically in sports so I'm interested in any strategy that could bring profit.
In fact, I tried sports arbitrage but that requires more time to monitor the market and a decent amount of capital, so both I will not pass the requirement.


Odds trading vs crypto trading, I guess I will go with crypto trading as it's less risky since you can hold your coins in the event the price is not favorable on you while in odds trading, you might loss when you make one bad move.

[Idrisu]

There is no much different between odd trading and forex,  stock,  forex and commodities trading.  Just that the odd trading is one face that is you are either making it or losing it with amount of winning or losing in mind before investing.

[playboy654]

So recently I have been trying to learn how to trade the odds of sports using exchanges like Betfair and Matchbook
I'm still totally new to it so I have no experience , and I thought it may be helpful to ask here in case we have some people who tried both trading the odds and trading crypto

so in general I'm looking for experiences to know which one of them is better , or in other words which one of them worth the time invested to make more money

any feedback on these will be really much appreciated

it is being done on confusion for me also but when the gambling is differentiated into multiple spaces to use for each and every person who are interested in it so each type of gambling will also be profitable for the destinate person so it can be definitely continue to grow more when you have pick the right way.

[traderethereum]

I prefer with crypto trading than trading the odds because the chance will bigger crypto trading. Besides that, we have so many options for the coins that we can choose to make the profit. And if we can found more than 3 coins to trade, we can make a bigger profit. But it will depend on how good we trade and how we can analyze every coin to buy and sell and I am sure that we have more chance in crypto trading.