Sport bettors have been moving to futures trading in droves. A much lower risk to reward, the potential for unlimited profits, non stop action, on top of sports betting knowledge translating well to futures trading are just some of the reasons. Continue reading to learn more about futures trading for sports bettors.
Why Are Sports Bettors Becoming Futures Traders?
There are several reasons why why sports bettors are becoming futures traders. Below are the key points.
Easy Transition of Skill Set
Sports betting involves being analytical, developing a skill set and deploying it daily, knowing when to double down, and when to sit back. All of these skills translate exactly to the world of futures trading. You’ll be making trades daily, waiting for the best trade set ups, the same way you would only bet on a few games, the best of the best bets. Some bets are better than others and you put more on those, the same as trading. You learn to specialize in a product the same you might specialize in a sport.
Higher Potential for Profit
Sports betting for the most part is a very 1 for 1 betting market. Most professional bettors will be the over or under, or bet with or against the spread. All these bets usually at odds of -110, or having to be $110 for ever $100 in profit. Not exactly 1 for 1, but close enough for this comparison. Yes there are options to be parlays, or take a super underdog for a higher return, but if you are a pro at sportsbetting you already know these aren’t winning strategies.
Futures on the other hand your potential for profit is technically unlimited. In reality though most traders will set a risk to reward ratio and stick with it. For example a risk reward of 1:3 means that for every trade, they are willing to lose 1 unit, or win 3. With a lot of movement in the market, these are easily attainable.
Low Cost Entry Into The Futures Trading Market
Sports betting is very much you deploying your own capital. That will be a huge restriction on most bettors hoping to make a living at sports betting. If you only have a $1,000 bankroll, you can only bet on so many games a day.
Futures first off all offers leverage, even when trading your own capital. That same $1,000 in the futures market allows you to trade up to 20 contracts of MNQ or MES (micros).
On top of that, several firms will allow you to trade their capital! This is where I mainly focus and the purpose of this website. You pass a simple trading evaluation, and once you do you’ll be given a funded account to trade with. For well under $100 you could be trading with over $100,000 worth of capital!
Is Futures Trading More Profitable Than Sports Betting?
Short answer, yes, if you are good at it. Let’s be honest, the best of the best sports bettors hit maybe a 60% win rate? So many people lie and say they are getting 90% winners but in the real world, it’s not that high. With futures trading, your win rate can be much higher than 60% but its all dependant on your talent and patience. Learn about what Day Trading Life is Really Like here.
Short Answer: Yes, Futures Trading is far more profitable
Hopefully you are already figuring out that with a higher win rate, a higher risk/reward ratio, and a much lower capital need, all signs point to futures trading dominating over sports betting when it comes to making money. I know plenty of millionaire futures traders (myself included). I see a lot of broke 20 something year old sports bettors out there.
Next Steps for Sports Bettors Wanting To Learn Futures
If you are a sports bettor who is new to the world of future and now excited to learn, you are at the right place. My site is completely free! I don’t sell anything, not at all. Start with my Free Futures Course or if you want to dive into the action, check out my Top 5 Futures Prop Firms. For under $100 you can give trading a try risk free, and if you really take well to it and pass the evaluation congratulations you are already a funded trader!
Take a look at our Free Futures Trading Course now!
Here are some other articles you probably will enjoy:
- Why Sports Bettors are moving to futures trading
- Forex vs Futures Key Differences
- Forex vs Futures Which Is Better
- Futures Spreads Explained
- Trading and Poker Similarities
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Risk Disclosure:
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
Affiliate Disclosure:
The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here.
Additional Disclosure:
The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, faqs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.