Tennis trading strategies
Trading is very different from betting, and although the purpose of it is the same, which is to make money from a sporting event, how you trade is very different to how you bet. To trade, you need a betting exchange to place your bets, and you also need to place two bets, with the prices on the two determining how successful and profitable the trade has been.
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Basic Tennis Trading Strategies
If you are looking to get into trading on any sport then make sure you consider tennis. This is a brilliant sport for trading, with multiple games taking place on a daily basis while tournaments are on, and many different tournaments throughout the year. There is a lot of tennis to trade on, and much of it is available to watch, so you can live stream the game or watch it on TV before making your trading decisions.
Perhaps the best strategy for newcomers is also the simplest, and that is to keep things as straight forward and simple as possible. By overstretching to try and win additional profit, or by taking a risk you will come unstuck and end up losing. Trading is a confidence sport, and you need to build up your confidence by racking up small wins. Each of these small wins will go together to form what will eventually be a big profit, but with only a tiny amount of risk attached.
If you want somewhere to start, start small and low. Go for a small profit, begin with low stakes and build up both your confidence and your betting bank together, before you take any bigger steps in the trading world. You will make the odd mistake, everyone does, but by starting small those mistakes won’t hurt your betting bank too much and they won’t knock your confidence at the start.
What to Avoid When Tennis Trading
What you need to avoid when tennis betting exchange trading is basically the scenario above. The great news for those who are using tennis as a trading sport is that there are many opportunities for you to trade. With so many games and tournaments taking place, you should never find yourself in a position where you are making one big trade that could potentially cost you. This I what you should avoid, but luckily for new players, the makeup of tennis means you have opportunities in front of you on a regular basis.
The second thing to do is never chase any losses you have made. Trading is a long game, and by looking at the short term picture all you are doing is adding emotion to the situation. If you have a losing trade that goes wrong, don’t instantly look for another game to trade on, as you will not be in the right frame of mind to make the correct decisions.
When you are thinking about making a profit from trading, you should be looking at the bigger long term picture, over the course of a year. Don’t split that down into smaller segments like days, weeks and months as you will then become too focused on picking games and making trades to win back the money you have lost. This is what rookie players do, don’t be like them, go with the experts who solely look at the bigger picture and nothing else.
Betfair is the biggest betting exchange and a great place to start for newcomers. They cover a large range of tennis games, with the majority of them turning in play so you can follow the action and make your trades. Betfair has the advantage when it comes to two things, the first is coverage, which is brilliant and the second is liquidity, which you need to make trades. With so many people playing on Betfair, liquidity is very strong, so you will have plenty of willing partners out there who are also looking to bet. Whether you are backing or laying, money will be queueing up for you to take on, and this is the big reason why Betfair is the most popular betting exchange.
Alongside all of this, Betfair has a very strong live streaming service which allows you to watch the action unfold. This gives you a feel for how things are going, and it will help you make the right decision when it comes to the actual timing of your trade so that you are getting the best value.
Other Tennis Bookmakers
How Much Money do you Need for Tennis Trading
If you are a complete beginner to tennis trading then it is advisable to go slow at the start. This is to ensure no big losses and no confidence knocks for yourself, but it also means you don’t need a huge budget to get started. As you slowly work your way forward with small profit trades, your betting bank will rise. It is at this point where you will have the funds behind you to either expand your portfolio and place more trades on more games, or up your stakes as you understand how things work more and you gain experience.
There are big money traders out there who will have a betting bank with thousands inside so they can perform a large number of big money trades, but when you are starting off you don’t need that. During the early part of your trading career, you should be more focused on finding winning trades and being successful rather than the monetary value of the trades. When you have found the key, then you can start thinking about making more money and either upping your stakes or performing more trades on different games.
While professional traders will have big betting banks, that doesn’t mean to say that you are not able to trade with just a small amount in your bank. Start slow, build things up and if you have a system that works, you will eventually be able to join the big boys with funds behind you.
If you want find more information about betting tips and strategies on tennis, visit our tennis betting guide page.