Sports Punter - what is the difference between Punter and Trader?
There are 2 types of sports bettors:
- Punter
- Trader
Punter plays against bookmakers. It is the most common online bettor, betting on websites sportsbook , such as 22bet or BetWay.
The trader bets more seriously and plays against other bettors. Operates on trading exchanges, as exchanges , like Betfair.
Both have the same basis, but they bet in quite different ways .
Understand how this works in practice and identify whether you are a sports punter or a sports trader!
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Punter vs. Trader
The punter and the trader have similar bases, but the punter it is more direct and practical.
First of all, the sports punter is more attached to the pre-match betting . It takes into account pre-established criteria by bookmakers.
A punter usually takes his bets to the end, in part because of the limitations set by the sportsbook houses.
Who practices punting he stands firm, even if in many cases he chooses to cashout .
But don't be fooled: the trader it also evaluates the pregame. However, the information obtained in the Pre is applied in live betting.
It is estimated that 90% of traders ' bets are focused on this type of BET!
It would be valid then to ask:
“I place live bets on sportsbook! Could I consider myself a trader?”
No! The relationship of traders with live betting is different. They "expose" themselves to the market while watching a match.
Look at the example of the process of a sports trade:
- The trader realizes that a team is about to score a goal
- He opens a bet in favor of this team
- When the goal occurs, he close the bet
A punter can not do this in a conventional bookmaker. Even with cashout, which does not work properly in such cases!
The trader open and close bets whenever you want during a game.
How To Be A Punter
Every bettor who is starting to bet is a punter. It will operate in traditional bookmakers , always betting against these sites.
Your path basically is:
- Choosing a bookmaker
- Make registration and first deposit
-
Select:
- Modality
- Competition
- Event
- Market
- Betting an amount on a certain odd
- Win or lose at the end of the game
As we can see it's a bit of a limited path . The sporty punter does not expose himself too much. Make a bet and go with it to the end.
You can use cashout to minimize losses and ensure gains!
This limitation is what makes punting bets simpler and easier to place. It's the punter trying beat the bookmaker .
Punter should avoid trading exchanges such as Betfair as these sites are much more complex. It takes time to understand how it works.
Therefore, we recommend that you follow the path of the punter if :
- You are starting to bet
- Have a more casual betting profile
- Don't have a lot of time to devote to studying the bets
- Find it difficult to operate at Betfair
How To Be A Trader
The trader has the same base as the punter 99% of traders have been punters.
O Trading it's more complex. The techniques and tools used are more difficult to master. Starting with the site you bet on.
Betfair is the largest trading exchange of the world. Every trader frequents sites like this, called an Exchange.
Despite being more complex, betting exchanges offer:
- Greater freedom for gamblers
- Low commissions on top of earnings
- Bets against other players
- Possibility to bet against a result
A trader will expose himself more. He is not interested in the outcome of a game, but in the
variations in odds
in the course of the event.
He profits from the rise or fall of the quote on which he bet!
Due to the increased complexity of Trading, we recommend that follow the trader's path if :
- Have more experience with sports betting
- Have time to devote almost entirely to betting
- Understand the workings of exchanges such as Betfair
Similarities
You know the ways of sports punters and traders. But it makes it easier to understand what is your profile when we see similarities between the 2 bettors.
Below we separate 2 points in which both betting models converge.
1. Punters and Traders study the matches in advance
This is basic in the life of any real bettor. The study is constant. It is he who allows find value bets.
This study is usually done on top of 3 Pillars:
- Analysis of sporting events
- Search for Statistics and history, as well as news
- Study of odds in bookmakers and exchanges
2. They work on strategies
These 3 attitudes are part of a larger strategy . At least when the bettor is serious and seeks success in his guesses in the long run.
Regardless of the betting system you choose to follow, a bettor will always:
- Establish a minimum bankroll amount
- Choose in one mode
- Specialise in your betting: a championship or a small range of teams
- Fetch statistics to find bets with positive expected value
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Differences
What unites punters and traders is the path they have traced until they reach the moment of actually betting.
When the time comes to bet, the differences appear. That's when we'll understand both of them for good.
1. Many Punters Focus on Pre-Match Betting
The vast majority of punters, when they open a bet, expect to take it all the way.
BUT....
They have those punters who bet live. But they have less flexibility to open and close bets.
☝️ There is cashout, but it is limited compared to what the trader does.
A punter that uses enough cashout in your live betting you have a foot in the door in the world of trading.
However, traders know that relying on cashout to secure profits and cut losses equals losing money.
Therefore, they use specific programs to trade, as we will see below.
2. Traders Open and close various bets throughout the game
The traders they better manage their risks. That's because they can open and close bets whenever they want during a match.
Unlike punter, a trader you don't expect one of your bets to go all the way. It's rare!
- Your biggest goal is really profit from openness and with the closing a bet as a match occurs.
Let's take a good example using the classic New Zealand and Argentina!
Trader thinks New Zealand will dominate 1st half . He can open a bet on Victoria New Zealand , taking advantage of the odd of 3.00 .
Your attitude is to wait for the odd go down, maybe from 3.00 to 2.00 to close this bet profitably.
Should New Zealand start the game attacking and exploiting the defensive vulnerabilities of the Argentines, the odd from victory New Zealand will go down!
What should we understand here?
This profit will be higher than if a punter does it with the cashout tool provided by the House.
Similarly, if New Zealand started losing, their odd could rise to 9.00. The trader would close the bet at a loss and leave for another!
3. Opening Multiple Bets Does Not Mean Placing Multiple Bets
You understood that a trader has the facility to open and close bets. But don't confuse this with doing multiple bets .
Multiples are multiple guesses made on the same betting slip.
Traders ' bets, in turn, are unique! Just take the example given above, between New Zealand and Argentina.
Closing that bet and entering another would count as two guesses, not a multiple.
ATTENTION: Multiple or system bets are exclusive to punter!
4. Traders use software for Trading
When a trader closes a bet to make a profit he can calculate the value of this cashout 2 ways:
- Manually
- Using specialized software
These computer programs help maximize profits in the betting closings. Something fundamental for a trader.
Among the main software are:
- Geekstoy
- Wagertool
- Traderline
We emphasize that punters do not use such programs. They don't need it to use cashout dos conventional betting sites.
5. Every Trader Can Be A Punter, But Not Every Punter Can Be A Trader
A trader is a gambler with a lot of experience. He plays in the Betfair or at Smarkets and acts almost like a stockbroker.
Making the comparison: it is not because you have good savings that you can invest in stocks!
Trading and punting are the same.
You can bet well and even make good profits on bookmakers but it doesn't mean being prepared for a betting exchange.
And it's not just a matter of experience.
A punter, even serious and professional, devotes less time to betting than a trader.
Those who practice trading live from this practice. To bet he has to watch the Games, opening and closing bets. It is a constant dedication!
Which one is better to bet on?
In the background much depends on your experience and yours availability as a gambler.
- Trading activity is very time consuming, such as closely monitoring the today's games . And having that availability is for the few.
Have control over your emotions that's another key point. You need to know how to react well to gains and losses, especially in trading.
Being able to open and close bets quickly can lead the bettor into a compulsive streak!
Of course in punting this can also happen. But the chances are less, due to the limitation imposed by the houses.
Our verdict is let you know well what is your profile and goal as a bettor . This way you can easily define your path.
What is the best way to make money?
Finding an answer to this is quite complicated. Both models are great, but will require different planning from the bettor.
Someone with a cool head and a good reading of a live game can do well in trading. Being a trader means having patience.
💡 The goal is to have a strategy that allows you to win in the long run!
But what about punter? A bettor who finds good bets in conventional betting houses, is not far behind!
There are several ways to be successful in this model. Gives to hit the bookmakers with some frequency after you start to get the hang of it.
By being able to better manage gains and losses, the trader's bankroll suffers less variations.
The punter may not count on it. But since there are more bookmakers than betting exchanges, he can try to take advantage of bonuses from sites to increase his bankroll.
Conclusion
With the advancement of technologies, sports betting has also evolved. Today there are several ways to make a single guess.
The most common are punting and trading. And both are the subject of some confusion from punters.
In this article we seek to clarify all doubts about what it is to be a punter and to be a trader. And we show that there is no better one.
Everything will depend on your profile and your betting goals.
Even when it comes to making money. As long as you are a serious bettor, you will be able in the long run to establish regular earnings on both models.
Gains that only come through a well-constructed strategy , based on responsible gambling and the constant study of sports betting.
To further facilitate your growth as a bettor, we indicate other readings from our website:
- Applications for punters
- Why tips betting they may not be worth it
- Sports Traders to follow on YouTube
- Difference between betting exchange and sportsbook
- Illegal sports trading in New Zealand Betting law ?
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- 700+ casino games & slots
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Payment methods
Frequently Asked Questions
👨 💻 What is a betting trader?
It is a person who focuses on live betting. Your tactic is to open and close the bet whenever you want during a game.
🗠 What is a betting punter?
Every beginner punter is a punter. After all, a betting punter is focused on pre-match betting. It even uses the cashout feature, but it has the limitations of the bookmaker.
💰 How much does a punter earn?
The amount a punter earns depends on their strategy. Therefore, the profit varies between punters.
Is being a punter profitable?
Yes, being a punter can be a profitable activity if you use a consistent strategy, have a bankroll management and know how to take advantage of bookmaker bonuses.
