Tuesday, January 30, 2007

Using TradeSports

Wow, At first it's overwhelming. There are too many options. You don't know where to go. It's very hard finding what you want. But after a little bit of messing around with it, I figured it out.


One thing I wasn't sure about was betting...

Buy and Sell?

What's that?

With some research I figured it out. It is just like Options. Stock Options that is.

The price starts from 1 to 100 units. Each unit is $0.10. So If you would like to buy 10 contracts at 50 Units it will cost you $50. How?

50 Units * $0.10 * 10 = $50.

They give you different options to bet on one game.

There is the Spread, Money Line, and Total Scores.

At different times, each of these "Options" have a different contract price.

For example: Bucks vs Heat has not started yet. The last price the money line was sold was 85. So 10 contract at 85 for Heat to win, will increase to 100 if Heat wins, or it will decrease to 0 if heat loses.


So buying 10 contracts for 85, your risk would be $85, and reward would be $15. They have a little calculator once you are putting the orders in. Thank GOD! lol

So going through the website, I thought who would put these risky bets. But people do even for $15.


Below is a pretty chart that shows the bets. One person has to take the other person's bet and if there are no takers the price will oscillate just like the Market.



Sometime by tomorrow or Thursday my money will get deposited and I can start!

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