The Trademate Sports tool scans bookmaker markets to find overpriced bets for you to take advantage of.
It works by calculating the true odds of a sports event and then shows an edge percentage, so you can instantly see the value of the bet when it is flagged up.
The scanner monitors odds 24/7 and posts available bets based on your filters once they are available, so you can bet whenever you want, on whatever you want.
The value betting service was co-founded by professional poker player Jonas Gjelstad who grew a sports betting bankroll from $10,000 to $1,000,000 in one year.
There are a number of sports included in the Trademate scanner, including football, basketball, American football, handball, rugby, baseball, tennis and eSports.
The software has customisable filters such as the sport, odds range, edge percentage and recommended leagues.
It supports 110 bookmakers and you can easily tick which ones you have access to, so that the software will only find bets at odds that you will be able to obtain. You can also set the available starting balance you have in each bookie and your total betting bank is calculated and displayed on the dashboard.
We carried out two trials of the software and both were a success. With some adjustments to our strategy in the second trial, our profits soared. We finished with £17,685 profit, which was a 176.9% increase to our starting bank.
Clicking on a bet flagged up in the Tradefeed allows you to register the trade, which adds it to a bet tracker. The default staking system is the Kelly Criterion, which takes into account the edge, odds and bankroll to determine the bet size. The stake sizing can be adjusted in the settings according to your desired level of risk.
Once the event has finished, the result of the bet/trades are updated and the profit or loss is added to the balance. Statistics such as bank growth, total profit, ROI and number of trades are also calculated automatically on the dashboard.
This takes away the need for spreadsheets and manually updating results which is a big positive for us, although it would be handy if you could export results to a spreadsheet.
Here is a snapshot of the team's own Trademate software dashboard:
|Review Stats||£17,685 profit, 5.8% ROI, 176.9% bank growth|
|Stakes||Kelly staking plan|
|Starting bank||User discretion, we used £10,000|
|Average no. bets||The more, the better! We averaged around 600 per month.|
|Price||€120 per month for core, €400 per month for pro, €30 per month for Nordic bookmakers only or $49 for US Sports only. Discounts available for quarterly memberships.|
Month One Update
Our original Trademate Sports review took place more than two years ago back in 2018, so we decided to do a re-trial and take a slightly different tack to our first trial.
We had a great start with £4,671 profit banked in the first month at an ROI of 4.8%.
Last time around, we had only gone in with a £1,000 bank but we had later been advised that the service works much better with a larger bank spread across as many bookmakers as possible. This would give more betting opportunities and hopefully result in more profit.
On that basis, we went in with £10,000 in our second trial split across 24 bookmakers and 2 betting exchanges.
Unfortunately, the software didn't have the option to download our results in a CSV file, but we did have some stats and a graph that it had put together. (Update: This feature has now been added to the software).
|Total turnover||98.4k GBP|
|Total profit||4671 GBP|
|Closing edge Standard Deviation||6.4|
|Average odds placed||2.37 ( 42.2% )|
|Average true closing odds||2.27 ( 44.1% )|
|Average time before kick off||5 hours|
|Number of trades||851|
We could instantly see an improvement using this service with a bigger starting bank. We hoped results would continue to be as good as the review went on.
Month Two Update
Our Trademate Sports review was going very well indeed and we had doubled our bank at this point. We were up to £10,563 profit, which was a bank growth of 105.6%.
As you can see by the graph below, we were very close to the EV (expected value), which was £9,790 profit.
There had been some variance along the way, but we rode it out and the profit line was heading in the right direction.
|Total turnover||165.5k GBP|
|Total profit||10563 GBP|
|Closing edge Standard Deviation||6.2|
|Average odds placed||2.33 ( 42.9% )|
|Average true closing odds||2.23 ( 44.8% )|
|Average time before kick off||5 hours|
|Number of trades||1278|
Month Three Update
After three months of using the Trademate Sports software for our second trial, we had built up a profit of £17,685, which was a 176.9% increase to our starting bank.
Our EV was around £17,193, so we were running slightly better, but very close to what we were expected to achieve.
|Total turnover||303.7k GBP|
|Total profit||17685 GBP|
|Closing edge Standard Deviation||6.1|
|Average odds placed||2.31 ( 43.3% )|
|Average true closing odds||2.22 ( 45.0% )|
|Average time before kick off||5 hours|
|Number of trades||1864|
In our first trial of Trademate Sports, we tested the software for just over four months. On the whole we had a positive experience, but we picked up on a few things that we felt would help to get the best out of the software and give a higher return.
We started with a £1,000 starting bank with £100 split across 10 bookmakers and finished with a profit of £123.59, which is a 12.4% increase to the bank.
The software itself had been a joy to use, with the interface being extremely user friendly and easy to use. It took care of tracking bets, results and compiling statistics and graphs automatically, so all you had to do is place the bet at the bookmaker and register the trade on the software.
We set the software to search for value bets with a minimum of 2% edge and to begin with we started with all sports. Later on we decided to exclude American sports as they weren't performing well, but it may have had something to do with it being the beginning of the season for some US sports.
|Number of Bets||246|
|Overall Bank Growth||12.4%|
|Bank (£1000 starting)||£1,123.59|
The main issue we found was that our starting bank was not big enough. We felt that to get the best out of the software you would need to start with perhaps £5,000 - £10,000 at the core level.
This way, you would be able to spread the bank around a lot more bookmakers and the software would be able to find much more betting opportunities.
We also found that you have to be either on your PC a lot to keep an eye out for new bets, although there is a notification system for desktops. The notification system for mobiles was set to be ready for the new winter football season.
Trademate CEO Marius gave us some useful advice:
First, the key to performing well with Trademate is to get in a large turnover, because there is only a small edge on each game 2-5%, how much profit one can expect to make is a function of the number of trades x stake per trade x closing edge. When I use TM for around 6-8 hours a week I manage to get in around 80-100 trades per week. Our most active users are able to get in 4-500 per week. But then also spend much more time than me.
Second, an important factor is the starting bankroll. €1k is the minimum one should start out with. Smaller bank --> Smaller stake sizes. To make up for this one needs to put in more trades to reach the same turnover as a person with a higher starting bank and stake sizes, but fewer trades.
Third, value betting has in its nature a lot of variance. So getting in a larger volume of trades is important for the good and bad swings to cancel out and leave you with the expected value.
Naturally having access to more bookies = more edges in general.
Trademate Sports is a well-designed bit of kit and far better than many similar value betting tools that we have seen on the market.
Despite finishing our first trial with a profit, we felt that we needed to adjust our strategy based on the team's advice. We waited a while and then began a second trial, which was a great success.
We banked £17,685 profit, which was a 176.9% increase to our starting bank.
We found that the service would be more suited to those that are able to start with betting bank of at least £5,000 to get the best out of the software.
There needs to be enough funds available to spread around several bookmakers. In fact, we used 21 and 1 exchange.
For those interested in just using an exchange, we are pleased to say we achieved positive results. We were able to make a respectable £1,095 profit from Betfair Exchange. We turned over £5,809 in 46 bets, which worked out as an ROI of 18.8%.
We are so glad that we gave this product another go, as it turned out to be a cracker.
Although we had seen promising results from a smaller bankroll of £1,000 in our first trial, increasing our starting bank and increasing our bet volume allowed our profit to soar.
Trademate Sports is a solid value betting service and we stand by our initial pass rating.
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- Goal Profits Rating
- Rated 3.5 stars
- Very Good
- Trademate Sports
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We made £17,685 profit in our Trademate Sports review, the web-based software that finds value bets for a variety of sports based on your chosen filters.