This guy went from school boy who used to skive to play video games and turned it into a full time business! When you see how he does it you will be shocked.

Posted in Blog, Trading on 30th May 2018

Esports trading

Today I caught up with a friend who used to love playing video games, he would even skive to play them. He then turned this into a full time business. I asked him to explain how he does it and he agreed to write a post to share it with everyone, here is the post below:

Like most guys my age, I played a tonne of computer games throughout school. I specifically remember faking illness in primary school so I could go home and complete Tomb Raider on PS1 (sorry Mum). The pattern continued throughout high school, where I managed to get hold of a desktop which could run games like Counter-Strike and the original Call of Duty.

At one point my high school suspended me for falling asleep too much in class after staying up too late practising my FPS (First Person Shooter) skills. They soon changed their minds when they realised I’d just use that time to play more games.

We had quite a few meetings where I was regularly told that playing computer games wouldn’t be of any use when I grew up. 10 years later, I’ve managed to make a good living out of it.

Not only that, but gaming has helped me learn some pretty big life lessons. Arguably lessons that I wouldn’t have got if I actually attended Geography classes. I learned how to manage money, outsmart competition, build tested strategies and even run a business (cheers Runescape!).

Fast forward a few years and a member of the family wouldn’t stop talking about trading and betting. As I’d never had an interest in betting, sports or financial markets, I ignored it for the most part. After a while I ended up giving it a go and I guess it’s turned out quite well. Cheers Dave!

I started off with matched betting and soon switched to trading sports markets. I did okay but having no real interest in regular sports, it was hard to keep motivated. For anyone starting out with matched betting, I really wouldn’t recommend jumping straight to trading. You’ll most likely have too much confidence from the easy money that matched betting brings. As I learned a few times the hard way, over confidence doesn’t translate well on the sports exchange markets.

Fortunately, esports was just starting to get some serious traction around this time. I also noticed that some bookmakers were offering odds on esports fixtures. I had a quick glance and couldn’t believe what I saw. These guys (the bookies) clearly had no idea what they were pricing up. It was similar to backing Manchester City to beat Macclesfield Town and still getting 3/1 odds. These opportunities would mostly arise in-play, which was a bit of a pain as some games weren’t live until 4am and often the odds feeds would stop working.

Average Day

Make no mistakes, betting is a job. If you don’t treat it with respect, you’ll find yourself out of that job and with a very minimal bank balance fairly quickly.

On an average day, there might be 3 or 4 games worth betting on. Sometimes there is none at all. These games could be at any time in the day or night, depending on where about they are played. Luckily, there is quite a lot of esports activity in Europe which allows for a sensible bedtime.

These games can last anywhere between 45 minutes to 3 hours each, depending on a variety of factors. However, work begins long before the games.

I’ll try and get the research done first thing in the morning. In this time (1-2 hours), I’ll take a look at the days games and see what is worth looking more closely at, if anything at all. There’s nothing sexy about this part of the job. I’ll spend most of the time scraping stats from various sources, adding them to an Excel sheet, comparing them with old data etc.

After this work is done, I’ll know exactly what games I’ll be betting on and have a plan of action. This will include opportunities to look out for that may occur mid-game and provide valuable betting opportunities. As an example, some players are known to get tilted after a bad-beat. Betting against these players is usually a wise move at that point!

I may have a few hours before the games start, so I’ll get all household jobs done. Walking the dogs usually helps to get yourself in a good mindset before the betting begins.

Once the games start, I’ll watch everything I can. This includes the talk beforehand, which should be mostly ignored but can often reveal good nuggets of information. Twitter is also great for helpful information before/during/after a game. The brilliant thing about esports is that there is naturally a lot of data available to review. This includes information on certain maps and even the mood of the players as they naturally use social media and other tech to vent!

After the games, I’ll update my spreadsheets with P/L and other info I found throughout the game. I’ll also write a quick diary entry to assess my performance throughout the day. This includes general mood, efficiency and of course, decision making.

If you are interested in learning more about Esports trading, check out Laurence Stanley Esports Blog

However start off with the easy month from Matched betting before moving on to the Esports if you haven't already.