The Sports Trading Club Reports Record First Quarter Profits of 305%
April 19, 2013 14:41 KST
LONDON--(Korea Newswire) April 19, 2013 -- The Sports Trading Club has reported a 305% profit for the first quarter of 2013 sending a clear message to investors that trading on sports and prediction markets is an emerging industry to rival traditional financial markets.
STC's profit for March increase by 123.9% from the previous month, with 61.6% of all trades being winning trades.
“Our results are far higher than projected,” said STC Communications Manager Richard Bishop.
“Undoubtedly we have traders with extraordinary skills in analysis of data and the ability to seek out a profitable position,” he said.
“However our results are not solely due to our traders talent, but equally by the weak opposition,” he said.
“We make money out of other people‘s mistakes for which we don’t apologise. When others gamble and we trade, it is a one sided game that gives us an advantage every time that you don't find in traditional financial markets.”
“It is an emerging industry that is experiencing a boom greater than mining, one that is more transparent than the share market, more reliable than speculating on gold and foreign currencies, and is now the most profitable form of e-commerce in the world today,” Mr Bishop said.
The Sports Trading Club, which operates as a private investors group in England, recently allowed the general public to become associate members in Australia.
In December last year it announced a multi-million pound partnership in Australia and followed Britain's largest bookmaker, William Hill, into the booming Aussie sports market.
William Hill expanded into the large Australian gambling market when it and partner GVC Holdings agreed a £485m deal for Sportingbet.
Setting out the reasons at the time for following William Hill, The Sports Trading Club's Business Manager, Mr Howard Robin said Australia was one of the largest licensed betting markets in the world.
“The Aussie market is very attractive, growth rates are good, and the opportunities to trade on Aussie sports is exciting,” Mr Robin said.
“Our move to Australia has proven to be astute. A person who invested $50,000 on January 1 of this year has seen that grow to $202,532 in three months,” Mr Robin said.
“It is high reward for low risk, as at no time did we invest more than one per cent of the fund into any one trade,” he said.
STC recently expanded into South Africa and South Korea is now looking toward expanding throughout Europe and Asia.
STC is currently in negotiations with a joint venture partner for the lucrative Macau market.
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