01
Price before opinionWrite down your own probability before looking at the market. A trade only exists when your estimate is meaningfully different from the price after fees, spread, and settlement risk.
02
Read the resolution source firstThe best-looking price can be useless if the contract question is vague. Prefer markets with explicit settlement criteria, named sources, and low room for interpretation.
03
Do not pay wide spreads casuallyThin books turn correct forecasts into bad trades. Use limit orders where available, compare yes and no sides, and avoid markets where exiting would be expensive.
04
Specialize by categoryPolitics, macro data, crypto, sports, and entertainment do not reward the same information. A narrow beat is usually better than reacting to every headline.
05
Size small enough to surviveCap any single event exposure, keep cash available for better prices, and avoid treating one binary outcome as a portfolio. Several guides point to fractional Kelly or fixed caps rather than full-conviction staking.
06
Use bonuses as cushion, not thesisWelcome bonuses, free bets, odds boosts, and bet insurance can be useful at Stake, BC.Game, or N1 Bet-style products. They do not replace price work; they only change the cost of entry if the terms are favorable.
07
Trade time as well as outcomeA market that resolves in three days is different from one that locks capital for nine months. Consider opportunity cost, especially when the upside is capped.
08
Compare exchange prices with sportsbook oddsWhen a topic overlaps with sports or politics, compare the implied probability across exchanges and books. The gap may reveal value, but only after conversion, fees, and limits are considered.
09
Exit when the thesis changesDo not wait for resolution because the interface makes the payout look inevitable. News can invalidate the original reason for the trade long before the market closes.