Sports Traders Health Check
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This questionnaire has been designed solely to give us and you an idea of your level of experience as a sports trader. The output from this questionnaire will enable us Read moreto to give you the information and trading strategies that are most relevant and suitable for you.
Pick only one answer for each question.
- 1.
You are new to sports trading and someone offers you inside information for a price. Do you:
- A.
Say "That sounds cool, when can I have it?"
- B.
Tell them you'll think about it
- C.
Say "Call me back in about a year"
- D.
Ask for more information and a fact sheet
- E.
Say "I've got broadband thanks and don't want to switch so sod off"
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- 2.
Someone on the forum says the odds or price of a horse/football team or any other sporting event is about to move from 2/1 - 4/1 and it's time to get in quick. Do you:
- A.
Wait for it to move up then buy
- B.
Get in quick before it goes up
- C.
Ignore the post and move on
- D.
Lay it
- E.
Research it properly then decide
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- 3.
You've been to a free sports trading seminar and now they want you to pay £3,000 for a weekend one. Do you:
- A.
Say thanks, but its way too much
- B.
Write out the cheque immediately
- C.
Negotiate the price down
- D.
Use the £3,000 to trade the sports markets instead
- E.
Ask around to see if anyone else did the seminar and was it worthwhile for the money
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- 4.
You're new to sports trading. Do you
- A.
Buy a "guaranteed winning system" and use it
- B.
Learn about the craft slowly and surely
- C.
Back or Lay loads of different sporting events - spread the risk
- D.
Get stuck into the betting exchanges using leverage
- E.
Buy into tips from papers
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- 5.
When researching a sporting event is it best to look at it from the point of view of:
- A.
David Beckham
- B.
Davina Mccall
- C.
Frankie dettori
- D.
Jade Goody
- E.
James Coombs-Prole
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- 6.
What's the best clue a sports commodities price is about to change?
- A.
Good Volume is coming in
- B.
A warning is issued such as an injury, a change in rider etc...
- C.
Tipped by a paper or magazine
- D.
The conditions for a particular sports commodity look great
- E.
A Bookie is Backing or Laying a sporting event
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- 7.
One of the great things about trading the Sports Markets are the many great opportunities every day of the year a sports trader has, but which part of the year presents the most opportunities?
- A.
Just before Christmas
- B.
Just before Easter
- C.
On your birthday
- D.
Summer time
- E.
Grand National
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- 8.
You decide you want to Lay a sports commodity. What are you looking for in making the decision to Lay a particular sporting event?
- A.
It's gone up a lot and it's time it came back a bit
- B.
They are on fire
- C.
A warning is issued such as an injury, a change in rider etc...
- D.
The outlook is not great
- E.
Their performance lately has been poor
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- 9.
You want to Back a sport commodity but there is a gap between the current Back and Lay price. Do you:
- A.
Use some sports trading software to request a price or odd
- B.
Back it anyway
- C.
Wait for the gap to narrow before entering the market
- D.
Check the history to see if the gap is usually smaller
- E.
Forget it and move on
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- 10.
The price of you sport commodity is shortening rapidly. Do you:
- A.
Hide behind the sofa
- B.
Wait and see if it's a market correction
- C.
Only sell if it hits your stop
- D.
Have a cup of tea and toast
- E.
Get out pronto
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- 11.
If you Lay a Horse at Odds of 1.87 with £100, what is your liability?
- A.
£100
- B.
£87
- C.
£187
- D.
£113
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- 12.
If you Back a Tennis Player at 2.4 with £100 and that player goes onto win, then how much profit would you make?
- A.
£140
- B.
£100
- C.
£240
- D.
£24
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- 13.
A price of 4 on Betfair is equivalent to traditional odds of?
- A.
4/1
- B.
3/1
- C.
1/4
- D.
1/3
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- 14.
To trade for a profit, you need to:
- A.
Back high, Lay Low
- B.
Lay high, Back Low
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- 15.
If the favourites horse’s price is drifting in the 10 minutes before a race, you should:
- A.
Do nothing
- B.
Back that horse
- C.
Lay that horse
- D.
Lay the second favourite
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- 16.
The benefits of ‘Greening up’ or Hedging are:
- A.
You lock in profits regardless of the outcome of the event
- B.
It enables you to continually recycle your stake to maximise profits
- C.
You can make your profit before the event even starts
- D.
All of the above
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- 17.
In a ranging market, the best trading strategy to follow is:
- A.
Do nothing
- B.
Swing Trading
- C.
Scalping
- D.
Always Lay
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- 18.
If you use a stake of £100 and back at a price of 1.75 and the price drops to 1.56, if you greened up at that price what profit would you make?
- A.
£56.00
- B.
£19.00
- C.
£12.17
- D.
£37.00
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- 19.
What does the acronym WOM mean?
- A.
Winning on Momentum
- B.
Weight of Money
- C.
Will Offer More
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- 20.
In a tennis match Federer v Nadal, if you can back Federer at 1.4, what price should you be able to back Nadal at?
- A.
1.6
- B.
3.5
- C.
3.0
- D.
It depends on the liquidity in the market
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- 21.
Which of the scenarios below would you choose?
- A.
If the market goes your way, you win £100 but if it doesn’t you lose £100, the chances of it going your way are 49%.
- B.
Regardless of what happens you win £10 using a £100 stake
- C.
If the market goes your way, you win £200 but if it goes against you, you lose £50, chance of it going against you are 77%.
- D.
Using £100 stake, you will make a £12 profit if the market goes your way but you will make nothing/lose nothing if it doesn’t.
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- 22.
Which of the scenarios below would you choose?
- A.
Make consistent but small profits eg 10% of your stake
- B.
Lose most days but have the odd big win which makes you slightly profitable over the long term.
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Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Mar 19, 2022Quiz Edited by
ProProfs Editorial Team -
Jul 06, 2011Quiz Created by
Jcp7743
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