SportStack is looking to change the world of betting, by offering users all sorts of ways of betting on players individually. The matchday exchange allows traders to bet pre-game and in-play on players in individual fixtures.
Think Kevin De Bruyne is going to play a blinder this weekend? Buy him!
Reckon Bruno Fernandes will be quiet on Saturday? Sell him!
Here we cover some of the basic concepts on the platform, while we go into detail on some more complicated points in the other Matchday Exchange guides linked at the bottom. Of course, if you have any further questions, do not hesitate to get in touch.
If you’re buying a player, you’re expecting the payout at full-time to be higher than the price you’re paying. Once in the trade, you can either let it run or close out early.
If you let the trade run, meaning you wait until full-time, you will receive the payout that the player has earned. If it is below your buy price, you will lose money; if it is greater than the buy price, you will make money. You pay a 4% commission on any profits made.
If you want to close the trade while the game is still ongoing, perhaps because you’re expecting your player to be subbed, you will need to sell the shares you earlier bought.
This is where there seems to be a lot of confusion. To make it as simple as possible, consider it the opposite of buying a player. You’re looking to profit from a player not playing well – you’re expecting the player to have a lower payout than the current sell price. Again, you can either let the trade run, or close the trade in-play.
To close a sell trade, you’ll need to buy the same amount of shares as you sold earlier. In this case, you’ll be looking at the player’s buy price in play.
For more information check out our video below or head over to our more in-depth guide to short trades here.
SportStack might look different to a regular bookie, but it shares some key capabilities. We have all used – or been tempted to use – the Cash Out button on our favourite bookie app. Maybe the final leg of your acca is looking a bit ropey so you want to just take the money now – you can do the same thing on SportStack using the Trade Out button.
Imagine you’ve bought 20 Jamie Vardy shares pre-kick off at 45p. He’s scored but it looks like he’s going to be subbed – his price is 60p but his payout is only 50p. If he is indeed subbed, you’ll only make 5p profit per share (50-45), but by trading out you can make 15p (60-45) on each share. You want to lock in that sweet sweet profit, so you go ahead and hit the Trade Out button. Once you’ve done this, you have no exposure to Jamie Vardy, and whatever happens to him, your profits are safe.
The Trade Out button effectively reverses the move you made when you opened the trade.
If you bought 100 Patrick Bamford shares, the Trade Out button automatically sells 100 Patrick Bamford shares for you, to cash out fully.
If you sold 40 Danny Ings shares, the Trade Out button buys 40 Danny Ings shares to cash you out of your bet.
You BUY Harry Kane, pre kick off for 50p, he finishes the game with a payout of 64p, and you haven’t decided to close the trade at all. You’ll make 14p per share, less the 4% commission on your profits.
You SELL Sadio Mane prior to kick-off for 60p. He scores early on, and while his current score is 50, but his current buy price is 77p (this is the price you’ll need to cash out at, if you choose to close this trade).
You have two choices here. The first is to cut your losses, and close the trade by buying for 77p the same number of shares you initially sold. This means losing 17p per share. Whatever Mane does now is irrelevant to you as the trade is closed. Alternatively you can let the trade run and hope his score doesn’t go higher than 60. He ends up on a final score of 65. Therefore you make a 5p loss per share.
Void players and the substitute market
This is another area that can catch new users out. Below are the key points to bear in mind when it comes to the subs market.
- If a player you’ve traded pre-game (buy or sell) isn’t in the starting line up, the trade is void. There’s no profit or loss, you get your money back.
- The substitute market opens up 10 minutes after the line-ups are announced.
- If you’ve traded a player who is on the bench and they do not get subbed on, their score will be settled at 0p. We don’t want to tell people how to trade, but there is a very real possibility when trading in the substitute market that you could lose the full amount of your bet, so positions should be sized accordingly!
The order book itself might be a new concept to some users, but it is an incredibly powerful tool. It allows you to place orders at prices you like, rather than having to trade at the market price. There is no guarantee that your orders will be filled, but it does offer some different ways of trading.
If you see a player that you want to buy, but you think their current buy price of 55p, for example, is a little too high, you can put in an order at a lower price; say 52p. If the buy price then drops to 52p, the order would get matched, and you would have opened a buy trade at that price of 52p.
Check out our explainer for order books here.
Beginner Guide for the SportStack Matchday ExchangeTweet
Why not check out our other Matchday Exchange guides?
See our other guides below: