Too many people think of sports betting as just something they do in their past time. However, many people can see the potential that exists if you manage to have the right sports betting strategy and correct approach to betting in general. Are you sick of losing? Interested in finding out how to turn your luck around? Do you want to know which sports betting strategies stand to help you make the most from your betting?
Any good strategy should allow you to place bets based on a systematic method. Of course there is always a random element or so called luck involved, but betting is all about stacking the odds in your favor. There should be no guess work involved or bets placed based on gut feelings. Betting is a business and it should be treated like one. Any money you use for betting needs to be separate from money you use for your daily life or anything else. How can you possibly expect to follow a strategy with money that was originally set aside to pay next week's rent with? You can't. This will help you to focus on the task of betting and remove any emotional strings attached to the money.
So what makes a good strategy or what should you look for in a strategy before you decide to implement it? Any good strategy needs to have a positive expectancy. This means that in the long run you will win. The hit rate of the strategy needs to be above 50% for you to be able to profit in the long run. An ideal win rate should be between 60 to 70%, because you will need to cover the fees and other expensive associated with betting. Is it feasible to expect you'll be able to find a system that has a 100% win rate? No, it isn't. The best you can do is find a system that has a positive expectancy and stick with it. In the long run you will make more money than you can possibly lose.
Keep whatever information and news you have about the teams as up to date as possible. Any changes in the teams makeup or factors that affect how the players play will great affect the potential outcome of a match. Make sure that you are constantly up to date on every aspect that affects the potential outcome of a match. Information is the key to winning at sports betting.
You need to find a bank or brokerage that is capable of trading American stocks.
If you want to trade the S&P 500, I suggest you trade the SPY ETF stock. It's the best ETF that mirrors the exact move of the S&P 500, and isn't too expensive. IVV has had times where it was inaccurate, so I don't recommend that ETF (besides, it's more expensive anyway).
After you find an Australian company (find it in person, don't find it online, as you may be prone to scams; often times your local bank can trade American stocks), ask them to open up an account for you that can invest in American stocks.
Afterwards, you just need to buy shares of SPY (however much you can afford, but since SPY is almost at $200 now, you'll only be able to get five shares, subtract commissions fees, and that's a very small amount of shares since lots are usually 100 shares).
$1,000 per month isn't really enough for the S&P 500 (SPY). You'll only earn a few dollars a week, at best, since SPY moves less than a dollar per day, at best. Hence, I don't recommend you trade the S&P 500 (unless you're willing to chug all of your capital into the market).
Note: Keep in mind the commissions fees, which are usually extremely expensive (anywhere from $5 to $40, depending on the company, multiplied by two, since you need to buy and sell it). If you don't factor the fees in, you probably won't make a profit and will actually lose more than you "gain".
There are ways to reduce the amount of capital needed: You could open up a margins account, which gives you 2-3x amount of your capital (it's like buying on credit, but you're waived until you close your position, or the market performs horribly, you become "under-margined", and they want their money back immediately), or you could attempt to trade long-term options for SPY, which are very cheap.
Options has their risks, but in a nutshell, as long as you buy Call options (Call is for upward moves) with a very long expiry time (say, a few months or more), and with a strike price that isn't too far from the stock's price ($200), you should be okay. Just make sure the Bid:Ask price isn't too absurd, and don't go for cheap when it comes to options (the cheaper the option, the more vulnerable it is to failing from delta and theta, which you can look up yourself).
In summary: I don't think you should trade the S&P 500, if you're just looking to put in $1,000 per month. It's not enough. For options, that amount is more than enough, but it comes with substantial risk if you don't research how options work, first.
If you know nothing about investing, then I strongly recommend that the first investment you make is in yourself. Educate yourself - learn more about finance, and how to make a living.
$400K AUD is a substantial sum, but probably not enough to maintain you for the rest of your life, assuming that you're relatively young, and that the cost of living in Australia is similar to that here in the US. But it will let you get a good education without having to worry about working during that time. So I suggest you do 2 things:
first - find an investment adviser you can trust, and figure out a way to invest that money. Here in the US, I would find a fee-only adviser. That means someone that would charge a flat fee to analyze your situation, and then recommend investments that suit your particular situation. This is different from someone who does this for free, then recommends that you put your money in investment vehicles that pay the adviser. There's an inherent conflict of interest there that doesn't work in your favor. I don't know how the financial industry works in Australia, but I bet you can find something similar.
second - reserve some of the money - or arrange for a regular stipend to be paid to you - and use it to go to college or university, and learn how to make a living that will support you without tapping into the invested money. You'll be happier in the long run if you learn to support yourself, rather than living on an inheritance or trust fund. And you will have a better retirement if you can let that money grow for a long, long time.
The secret word of trading success is "organized". You can't be successful without a strategy, a plan and some kind of technological support. I use a software called "autobinary signals" that is helping me a lot. There are plenty of them on the market. I recommend this one because it's very easy to use (you don't have to be an expert or have special skills to make money with it).
Check it out here. It's worth it: http://tradingsignal.toptips.org
I'm making good profit with a binary option signal software called "autobinary signal". It's great!! Check here for more information ( http://forexsignal.kyma.info )
I have $400,000 AUD sitting in my bank account doing nothing, and i was wanting to invest ~$1000 per month into the S&P 500 for many years from now into the future, however i am having a few major barriers.
Before reading my barriers, please note that i have never invested into anything in my life, never bought a stock, nothing, so i have 0 knowledge on all of this, so please respond as simple as possible!
#1) I currently live in Australia, and it is my understanding that the S&P 500 is an American thing, so is it even possible for me to invest money into the S&P 500?
#2) Most importantly, how do i even invest $1000 a month into the S&P 500, what do i buy? Where do i buy it? Please link me to websites that i can buy these 'stocks' from.
Any more information that i should now about investing, please let me know!
