I'm not a member of this particular site but I've traded on a German site with the same principle. Overall, I can recommend sites like these since I like the idea that you can bet on the outcome of an event (like a regular bet with your bookie) but you can also buy and sell your "bet" if you want to (maybe your team leads by 1 goal but you realize that the opponent gets stronger and you would rather be on the safe side and sell the "bet" before the event takes a different turn). After all, this was the part that made me like ASM (looong ago) but as we all know, the idea of buying / selling shares during games has nothing to do with ASM any longer. So, sites like these offer a nice alternative.
Also, the fact that each contract has a fixed price at which it will expire takes away the risk of market manipulation and all that. And once the game is over, your contract expires and you don't have to worry about finding buyers.
Also, sites like these are much closer to the actual sports reality than ASM, for example (meaning, a team that is up by 3 goals during a game won't trade for half the price of the losing opponent).
However, there's a few things that you should find out before you put too much money in
a) how many members does the site have (who are active during game time) and do all sports get the same amount of attention?
When I trade on this German site, there is a lot of activity during games of the German national soccer league but if I want to trade during, say, a game of the French soccer league or American leagues or something like that (where there are no live broadcasts on free TV), there's hardly any action. That means, you might as well place your bets at a regular bookie because you won't find anybody to sell to / buy from during the game anyway. And the odds at the bookie could be better than the ones you get at tradesports.com.
b) always compare the prices for the contracts with the odds from bookies. Sometimes, the risk you take at a bookie (where you can't sell your bet before the game is over) is worth it because the "odds" at the trading site are really bad.
c) Don't forget to include fees in your odds comparisons. I haven't checked out tradesports.com but usually, there's a small fee per contract at sites like these.
So, as I said, I'm not familiar with tradesports.com in particular but I'm a member of other sites that are based on the same principle, and actually, it was when ASM went bad that I signed up at such sites, and I can say, it's a lot of fun without all the hassle we know from ASM.
You should make yourself familiar with how it works and test with a very small amount of contracts, to find out where the action is and where you can make the most money, and then you will probably enjoy it.
Hope that helps.
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