As the world focuses on the upcoming UEFA Euro 2016 tournament, here in the UK we’re anxiously awaiting the big day.
With interest rates at an historic low and the pound at a 15-year high against the dollar — it’s the perfect time to be investing in Euros!
If you follow our sports betting tips, you’ll undoubtedly have seen our prediction for the tournament’s biggest upset: Germany vs Spain!
Yes, German football team Schalke 04 is taking on Spanish giants FC Barcelona in the group stages. And what a game it was! Both teams hit the woodwork multiple times before a late goal settled the tie in Schalke’s favour.
The point is, regardless of whether you’re a football fan or not, you can’t help but be captivated by the incredible Euro 2016 campaign.
So, now that you’re interested in the tournament, it’s time to figure out how to invest in Euros. We bet you’re not exactly rushing to open a sportsbook account with Paddy Power, so here we’re going to teach you How to Create a Euro 2016 Betting Pool so that you can get involved, and, more importantly, make money from this incredible occasion!
Let’s get started.
Choose Your Platform
First things first, you need to decide which online betting platform you want to use. There are many great choices for sportsbooks and betting companies, all with their perks and quirks. Check the pros and the cons of using each one before making up your mind. It’s also important to look at which countries they operate in, as not all countries allow all sports and all bookmakers. At the very least, you’ll want to check that the country you are in permits online gambling. It’s also worth comparing the payment options of each service to ensure you’re getting the best deal. There’s so much to think about!
Once you’ve decided, create a platform account and log in. Then, you can move on to the next step.
Create Your Bank Account
Now, you need to decide which bank you’re going to use to buy and sell Euros. Since you’re going to be placing bets and winning or losing money, you want to make sure that you’re dealing with a reputable institution. However, you don’t want to put all your eggs in one basket, especially since you’ll be keeping some of your funds in reserve in case you lose.
After much deliberation, you’ve decided that Germany’s Deutsche Bank AG is the perfect choice. Not only does it offer a competitive rate of exchange and a simple to use platform, but it also allows you to keep a portion of your funds in reserve. Plus, you get the backing of one of Germany’s largest banks.
According to our research, DB Bank offers one of the best customer support experiences out of all the UK banks we examined. So, as tempting as it is to rush into opening a sports betting account with Ladbrokes or William Hill, it’s worth considering whether or not Deutsche Bank delivers the best possible service for your needs.
Set Up Your Automated Trading
If you’re a fan of football, you’ve no doubt heard of automated trading. Basically, this type of trading allows you to set up a system that automatically buys and sells financial instruments as soon as certain conditions are met. For example, if you see a sportsbook advertisement suggesting a good bet, you might want to consider automating your trade. Why? It’s all about the speed and the frequency with which you can act on this type of information.
Let’s say you saw Sky Sports News suggesting a Germany – Spain clash. If you had an account set up with Deutsche Bank, you’d be able to jump on that match immediately and place a bet. Automated trading provides you with the flexibility to get involved in big events as and when you want, without having to spend too much time thinking about it. Plus, you can use technical analysis tools to find the best possible trade during the course of the day, all while sitting at home. It’s quite an appealing idea, actually.
Find A Safe Haven For Your Funds
Now, you need to consider where you’re going to keep your funds. If you’re new to investing or trading, it’s a good idea to set up a separate bank account solely for this purpose. Storing your funds in a separate account not only provides you with more control over your money but it’s also a great way to guarantee the safety of your funds. Naturally, since this is a new account, you’ll want to limit the amount of money you store there to a safer level than you would normally use for day-to-day transactions. Limiting your losses (and gains!) is essential when venturing into the world of investing or trading. The main thing to keep in mind is that your funds are kept separate from your regular bank account. Any transactions made with your separate account are completely independent of your regular account and any related transactions (such as payment to winners or coupon redemptions) are also processed independently of your regular account.
Decide How Much You Can Risk
Now, you need to consider how much you can afford to lose. Like with most other forms of investment, there’s no point in risking more than you’re willing to lose. This is important for two reasons: Firstly, it helps keep your emotions in check when placing big bets (this is crucial since gambling is all about emotion, not reason). Secondly, if you keep losing, eventually you’ll have to stop, which means you’ll have to take a hit on your bankroll. And that’s just not fair!
On the other hand, if you’re happy to risk a small amount on a few big bets, then great! Go for it! But, please remember, the fewer the bets, the less you’ll earn. If you want to make money from gambling, the best thing to do is place a few small bets on various events to build up a small bankroll. Then, you can consider investing/trading in bigger events where you can afford to lose more money. This is also a great way to get involved in bigger and more important events, without it becoming too dangerous financially. For example, you could set up a small account with just a few hundred dollars to start with and then, as your bankroll increases, you could invest/trade in bigger events. Naturally, the more you risk, the more you’ll likely earn. But, please remember, the more you risk, the more you’ll likely lose. This is why it’s important to risk responsibly!
Decide When To Exit
So, you’ve decided to create a betting pool for the Euro 2016 tournament. Great! Time to think about when to exit. Just like when you started, you need to consider which country you’re in and whether or not online gambling is legal. Remember, in some countries, gambling is illegal, so even though you may have decided to bet on Europe’s greatest sporting event, you might actually be breaking the law. If you’re British, you might want to consider exiting the pool after the first round of group matches since the odds are against you. And if you’re outside the UK, you might want to think about whether or not it’s legal to bet on European tournaments in your country. Some countries will consider gambling on sports to be a sport in itself, so you don’t want to get on the wrong side of the law. Remember, though, that it’s not illegal to bet on sporting events that take place outside of Europe, so long as you are legally gambling in another country. Hopefully, this policy will change after the Euros, but until then, you can consider yourself legally armed and ready to place a bet!
So there you have it, an overview of how to create a Euro 2016 betting pool. Now, it’s time to dive in and get started. As the world focuses on the upcoming UEFA Euro 2016 tournament, here in the UK we’re anxiously awaiting the big day. Since interest rates are at an historic low and the pound at a 15-year high against the dollar, it’s a great time to be investing in Euros! If you follow our sports betting tips, you’ll undoubtedly have seen our prediction for the tournament’s biggest upset: Germany vs Spain! Yes, German football team Schalke 04 is taking on Spanish giants FC Barcelona in the group stages. And what a game it was! Both teams hit the woodwork multiple times before a late goal settled the tie in Schalke’s favour. The point is, regardless of whether you’re a football fan or not, you can’t help but be captivated by the incredible Euro 2016 campaign.