For quite a while I've been sports trading. Sports trading can be done in a number of ways, but the one I've been mostly involved in is Lay The Draw.
Lately LTD has been trickier due to lack of liquidity. That was the main reason I moved to Forex.
I thought I'd do a list with pros and cons for both.
LTD
PROS
- Simple rules (everybody knows soccer, right)
- Availability (games are played when you are free)
- Simple interface (Betfair and Betdaq are easy to bet on)
- Returns
CONS
- Liquidity (you can't always trade when you want to)
- Chosing games (not all games are worth trading)
- Availability (you must trade when the games are played)
FOREX
PROS
- Availability (Anytime but the weekends)
- Liquidity (unless you are trading gazillion dollars, you'll always get matched)
- Returns (same with sports, that's why we do it)
CONS
- Steeper learning curve (it is a trickier thing to learn, since one probably does not naturally have the financial market as an interest)
Well, that's about it. Once you get in to Forex, I can't see more drawbacks to it.
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