What is a sports trader?
Also known as an “odds compiler”, the sports trader works for a bookmaker or an online sports betting operator. Their main task is to set and adjust in real time the odds offered on sporting competitions, taking many factors into account: statistics, team form, the stakes placed by punters and last-minute developments.
What does a sports trader do?
The sports trader continuously analyses sporting data and statistics in order to set fair, competitive odds. They adjust those odds in real time during matches, monitor market movements and the competition, and put marketing strategies in place to attract new punters and keep existing players loyal.
The essential qualities and skills of a sports trader
- Statistical analysis and a head for figures
- Broad, solid knowledge of sport
- Rigour and composure under pressure
- Real-time responsiveness
- Fluent English
Salary and career prospects
A trainee sports trader typically earns between €1,900 and €2,500 net per month. With three to five years' experience, pay rises to between €3,000 and €4,000 net per month, and an experienced trader can exceed €5,000 net per month, including performance bonuses.
What training do you need to become a sports trader?
The role is open to graduates from three years of higher education (a bachelor's degree) and ideally continues to five years (a master's), with a focus on statistics, mathematics or data. Business schools and sports management schools offering a specialist Bachelor's or Master's are also a well-recognised route in.
