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brownsfan019

The Sports Stock Market! FREE and Fun

By brownsfan019, in General Discussion

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brownsfan019    17

brownsfan019
Posted

Think you can apply your trading strategies to sports???

 

Take a look at this site - http://www.protrade.com

 

It's a neat idea - a stock market type setup where you buy and sell athletes! It's free and there's no obligation to 'play'!

 

If you are interested, send me a pm with your email address and I will send you an invite. If you decide to sign up, I earn some extra bucks to spend on my trades!

 

Side note - I first came across this through a business magazine yesterday and the plan is to actually take this idea and start a sports stock market in real dollars. This is down the road, so don't worry about needing cash or anything to play this now, but the guys behind this think there could be a market for this, just like stocks.

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notouch    10

notouch
Posted

It's definitely possible to make a profit betting on online sports events. There are some guys over on the T2W boards specialising in it. The principles are similar to stock market trading - profit from other people's overreaction. It works well on spread betting (which I think is illegal in "free" America) where the odds are based on the bets being made during the game. So when a goal is scored that's like the knee-jerk reaction to a news event. You can fade it, or wait for the pullback and buy etc.

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brownsfan019    17

brownsfan019
Posted

notouch - you are correct, that is not available here in the US. That's why I think this protrade is a neat idea and if allowed, would easily take off here in the US. If it runs like the stock market, why not... we will see.

 

In the meantime I am checking out what 'trades' to do!! It's a fun idea.

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brownsfan019    17

brownsfan019
Posted
Just checked, spread betting is available in the US for sports betting. Try TradeSports or BetFair.

 

I did not know that, will take a look!

 

My first trade on PT - went long 7 shares of the CAVS (homer pick) at 152.12

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gavind    11

gavind
Posted
Just checked, spread betting is available in the US for sports betting. Try TradeSports or BetFair.

 

Hi. Not sure if you're still into betting but do you have any recommendation for a newbie in which one to go with? vbulletin-smile.gif

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