Trading on Betfair and Sportsbooks

Sports’ trading seems to be a winner when it comes to Tax free income but it’s actually far more complicated than trading shares will ever be.

You see, when you open a trade with a financial bookmaker you know your worst case scenario upfront. You pay your spread (bookies fee/commission) have your stop loss in place and off you go. You have huge upside potential with little downside.

Of course you can still lose (downside) but that is part of the whole picture.

But when it comes to sports trading your odds off making it big seem to be so limited. If you use betfair, where the majority of liquidity is for trading you are limited by that factor before anything else. Compared to financial trading where there is a limitless pot of gold.

With sports trading you also have to be glued to your screen for hours upon hours unlike financial trading where you can just check once a day.

But the biggest killer is this; If you win at the sports bookies they limit your account or close it. If you win big on betfair they tax you! In fact you get taxed so heavily that it’s bordering criminal… If you have earned over £250,000 you pay a premium charge fee on your winnings of 60%! woooooow.

People do however make money trading on betfair and betting at the bookies,  but for all the work involved and headaches it’s a wonder why more are not moving over to the financials?

Bonus bagging is never going to make you rich but it is a free £75/100+ in your bank account every week and that is tax free and the bookies actually ask you to come and take their offers.

Oh and if you can’t ever imagine making more than £250,000 in the long run… keep going and doing what you’re doing I suppose.

I have also looked at arbitrage trading but you need to be lightning quick, need a £1000 for each arb and that’s to make an average of 2% ROI

So what have I got planned for 2015

Make money 2015I emailed the free niche site guide and a few stocks that I think have potential this year to everyone that has signed up for my free guide. I hope you enjoy them both.

So what will I be doing in 2015 and what have I got planned? Well I suppose much more of the same in regard to trading. Last year was a great year for my trading bank. I’m still mainly bullish on US stocks, and I’m still amazed at what a great friend the trend is.

Blogging is still very much on the agenda but I will be working with my partner on his site and building that up as much as possible this year. The site is going to revolve around writing authority websites, copywriting, business ideas and using Amazon to sell physical products.

To some that may sound like too much to do or specialize on but really it’s all about writing content and targeting long tail keywords. Writing blog posts or Amazon product descriptions have the same goal, and that is to get read by being found on the search engines.

All of the information on the site is going to be free and the aim is going to be a hub for all who are looking to start making an income online.

Private copywriting jobs and creative work will be charged per a job. These services will be aimed at established brands and business or new business with budget.

I shall keep writing this blog for the foreseeable future. I’ll try to get back to posting on a weekly basis again and also I want to run some competitions this year so that people can engage more.

I’m still bagging those bonuses and it really does keep bringing in a few hundred quid a month. Considering how quick it can be done and again being tax free it’s a great additional revenue stream.

As always, thanks for your continued support and I hope 2015 brings all that you ask for.