The AllSportsMarket is a place to buy and sell shares of sports teams. It is a financial exchange that uses a professional trading platform. It's the same as trading stocks, but with sports teams. You play against other people for real cash. Money is made when the prices of teams go up and down and when teams win and pay dividends. AllSportsMarket is open 24 hours a day, every day of the year. You can trade whenever you want, as often as you want.
You can open an account with as little as $25, or you can try the "no catch guest entry" to see how the site works. Unlike the stock market, where you need a lot of money to get started, and gambling, where you can lose all your money at once, you can start with a small amount of money and not lose it all at once.
Buy cheap and sell expensive
Like the stock market, you make money when the underlying security goes up and down. In the case of AllSportsMarket, it is the team's job to make sure the site is safe. Long means to buy shares with the plan to sell them later at a higher price to make a profit. In ASM, you make the difference minus the total commissions you pay out.
This is the easiest way to make money, but you need to know when and how to do it. The big question is how do you decide what is high and what is low? The prices of the other teams in the league are a good thing to look at. You should expect that the better teams will cost more, but sometimes there will be differences for one reason or another. So, you have a range of prices to choose from, and you should try to buy good teams in the low price range. Do as much research as you can to figure out which teams aren't being given enough credit.
Dividends
Dividend payouts are another way to make money and one of the keys to success in ASM. The dividend pot grows every time your team wins a game. You get dividends based on how much your league pays out and when it pays out.
The dividend strategy is a way to use dividend payments to make money. When you do this, you buy shares of a team in order to get the dividend payment. Depending on which league you own shares in, dividends are paid out at different times. The teams with more money in their dividend reserves pay out more money. Dividend reserves change from game to game based on the rules of the league for how dividends are transferred between the winner and the loser. On the trading platform, the top dividend reserves are shown (see the figure on the right).
Dividends are great because they reward you for picking teams that do well. For example, over the course of a long season, the Detroit Pistons will probably win more games than they lose, so they will pay out a lot of dividends.
When you buy shares just for the dividend, you need to be careful because the share price could go down, leaving you with a net loss even after you get the dividend.
Coming Up Short
One more way to make money is to sell short. This means that you borrow a share and then sell it, hoping that the price of the share will go down so you can buy it back at a lower price. Selling short can be riskier because you can lose more than you put in because the price can go up indefinitely. When you go long, the stock can only go as low as $0.00, and you can only lose as much as you put in. When you short, you might lose more than what you put in.
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