How To Buy Sports Betting Stocks – Invest In Sports Betting Stocks Today!

Fact Checked by Gary McFarlane

The world of sports is an ever-expanding one that keeps gaining ground every year. Several named companies have grown massively by offering hundreds of millions of people worldwide a platform to predict, bet, and win money from different kinds of sports. A standard betting company enables users to bet on popular sports competitions such as soccer, basketball, cricket, horse racing, American football, rugby, F1 racing, to mention but a few. Betting is fun as much as it is attractive in its potential to yield profits for players. Many betting companies are listed on some of the biggest stock exchange markets and are available to investors via investment brokerage platforms for trading purposes.

This article will give you a comprehensive guide on where and how you can buy the best sports betting stocks.

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How To Buy Sports Betting Stocks – Step by Step Guide 2021

As you embark on your investment journey, you will get to read about many brokers and their platforms. Very few of them are credible, and even the ones that turn out to be viable have some features and characteristics that make them stand out. Most brokerage platforms do not seem to differ until you attempt their full use. From our perspective, eToro is the best platform for the modern user. Why? You will learn about that in the subsequent sections. But first, here is a quick outlook into how you can register an account with eToro.

  • Step 1: Open an account: Visit eToro’s official website and click ‘JOIN NOW’ at the top right-hand corner of your screen. Enter details such as your ’email, ‘username,’ and ‘password.’
  • Step 2: ID verification: Verify your identity using a standard photo ID such as on a license to help confirm that the details you input are correct.
  • Step 3: Deposit Funds: The next step would be to begin trading on the platform. Select the ‘Deposit funds’ function and select deposit. Choose your preferred payment methods.
  • Step 4: Begin Trading: Once your deposit has been credited to your account, you can now enter your first trade.

Where to Buy Sports Betting Stocks – Choose a Broker

Once you have figured out the best sports betting stocks to invest in, the next step is to know where you can quickly start it. By choosing sports betting as a niche, you are most likely exposing yourself to the opportunity to invest in high-profile companies in the betting industry, and such stocks might be relatively scarce on other minor brokerage platforms. Also, doing the research can cost you quite the time and energy. We have done the hard part by conducting research and evaluating all brokers’ best attributes to determine the best investment brokerages that will help you buy your desired Sports betting stocks.

1. eToro – Best Overall Broker to Buy Sports Betting Stocks

If you are just trying your hands at stock investment or CFD trading, you might have heard little eToro. Having been in operation for over 14 years, it stands out as the platform that offers exciting features and the options for investors to turn their finances around both in the short term and long term. eToro is solid as ever, having maintained its excellent services and gaining more than 20 million active users.

Security and Privacy

In terms of security, eToro emulates an enviable track record that enables users to thrive in a protective ecosystem that protects their investments and ensures that their private information is inaccessible to hackers. Many digital platforms have been exposed to different types of cyberattacks, which has made most brokers tighten their security systems to further protect users against such occurrences. The progress made by brokers like eToro has increased the trust that people have in digital platforms. eToro distinguishes itself from other brokerage platforms by using a 2-factor authentication method to ensure that each user’s account is well protected. The company also has a strict policy against the use of customers’ data and would, in no case, take advantage of access to such data to do anything harmful to the user. They are licensed by top regulatory bodies such as the Cyprus Securities and exchange commission, a big-name financial service evaluator.

Fees and Features

For easy use, eToro is available to users from different parts of the world via their mobile app, which you can use on smartphones such as android and iOS devices. You can also opt to use their features in desktop mode on your personal computer. As a beginner, copy trading is a beautiful feature that you can leverage to get ahead of the market while still learning about the market dynamics. It offers them an easier way to trade by copying the trading patterns of more experienced traders on eToro. Beginners and long-term traders can also use the demo account feature to practice different trading strategies to buy or trade stocks, CFDs, ETFs, or cryptocurrencies. eToro does not charge any commission over trades overstocks, CFDs, or ETFs, but they charge 0.5% on different trades carried out in the cryptocurrency market. It has a minimum withdrawal limit of about $30.

eToro Fees

Fee Type Fee Amount
Commission Fee 0%
Deposit Fee $0
Withdrawal Fee $5
Inactivity Fee $10 per month

 

Pros

  • Commission-free
  • Offers negative balance protection
  • A low minimum deposit fee
  • High security

Cons

  • Charges inactivity fee
  • No Meta trader support

68% of retail investor accounts lose money when trading CFDs with this provider.

2.  AvaTrade –  Great Platform to Buy Sports Betting Stocks

AvaTrade has 300,000+ active users who consider it a reasonable alternative to eToro. There is a good cause for that, given that the platform is easily accessible on digital devices—your journey to become a credible investor across different markets involving stocks, CFDs, and ETFs.

Security and Privacy

AvaTrade is regulated by top regulatory bodies such as the FCA, FSCA, CySEC, ASIC, AGM, central bank of Ireland, among others. These bodies are known for ensuring the legitimacy of investment brokerages. They also ascertain that a brokerage offers the things they say they do and their capability to protect the interests of their users worldwide. Their ability to withstand cyber attacks as well as verified in a series of evaluations. AvaTrade deploys antivirus protection software company McAfee to protect its user data from hackers and cyberattacks. It also comprises a high-level encryption 256-bit SSL technology which functions effectively to secure a seamless process that operates over all forms of trading activities on the platform. If you are looking for a trading platform for secure transactions, AvaTrade is right up there with the best of them. Although, any risk arising from users incidentally revealing their account details to strangers cannot be mitigated by AvaTrade as they do not offer a 2FA system like eToro. Hence, AvaTrade implores that users do not save their passwords on their browsers to be easily accessed. Users can also enjoy the AvaProtect tool to cover most of their trades and mitigate losses.

Fees and Features

AvaTrade enables users to try out a demo account without verifying their identity or making any primary deposit into their accounts. After fulfilling all the KYC requirements, you can make deposits and withdrawals using the most straightforward methods available on the platform. AvaTrade does not charge any deposit or withdrawal fees when such actions are taken on a trader’s account. Although, the local bank or corporation behind the payment method may deduct their own following the transactions. AvaTrade has a higher minimum requirement of about $100 for deposits which is much higher than eToro ($50). It makes eToro a more user-friendly platform despite its withdrawal Fee. Unsurprisingly, eToro has more users than AvaTrade, with no regard that AvaTrade is a bit older than eToro. AvaTrade also offers users access to Forex applications such as Meta Trader 4 and 5.

AvaTrade fees

Fee Type Fee Amount
Commission Fee 0%
Deposit Fee £0
Withdrawal Fee £0
Inactivity Fee £50 after three months and £100 after 12 months

 

Pros

  • Highly regulated platform
  • 24/7 email and phone support
  • Islamic account is available to accommodate more users
  • Demo account

Cons

  • No negative balance protection
  • No guaranteed stop loss
  • High inactivity fee

Your Capital is at Risk.

3. Capital.com- Secure Platform to Buy Sports Betting Stocks

Capital.com is relatively new compared to eToro, but it stands out as one of the most affordable brokers in the market. Its specific features have seen it being recommended to new users who are looking to trade stocks for the very first time. There are thousands of options to explore on Capital.com for maximum profit.

Security and Privacy measures

For users who value their privacy, the U.K.-based broker is one of the most exclusive brokers that is highly rated for its security. It is regulated by the Cyprus securities and exchange commission, the United Kingdom’s top financial regulatory body, FCA, the ASIC, and FSCA. The platform offers a solid FDIC insurance cover, particularly for users based in the U.K. Capital.com has a pretty complex encryption system for a small-sized broker, and this has caused it to rise through the ranks and surpass much older brokers quickly.

Fees and Features

Capital.com is commission-free, charges zero fees on deposits and withdrawals. Crypto transactions might attract specific fees depending on the magnitude of the transactions. The app is easy to use, and users can download it on their iOS and Android devices. You can also use their copy trading feature to trade assets of your choice easily.

Capital.com Fees

Fee Type Fee Amount
Commission Fee 0%
Deposit Fee £0
Withdrawal Fee £0
Inactivity Fee £0

Pros

  • Access to analytical charts
  • FDIC Insurance (for UK-based traders)
  • Low CFD fees
  • Commission-free
  • Efficient customer support

Cons

  • High risk on CFD tradings
  • No price alerts

 76.72% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.

Comparing The Three Brokers’ Prices For Buying Sports Betting Stocks

Below is a summary of the fee required across each platform to invest in sports betting stocks.

Broker Commission Deposit Fee Withdrawal Fee Inactivity Fee
eToro 0% $0 $5 $10 monthly
Capital.com 0% £0 £0 £0
AvaTrade 0% £0 £0 £50 after three months and £100 after 12 months

 

What Are the Different Ways to Buy Sports betting stocks?

Below are three common ways to buy stocks on any brokerage platform. These are majorly stocks, Contract on Difference (CFDs), Exchange-Traded Funds (ETFs). These methods come with their strengths and weakness. The investor’s investment goals define what makes them a good choice for investment in any asset.

Stocks

Buying company stocks or equity is not a concept restricted to high net-worth individuals like Warren Buffet or significant venture capitalist firms or angel investors. It is an inclusive system of investment that has been made relatively accessible to the average man by the advent of several brokerage platforms. As in the general narrative, when you buy company stocks, you are technically buying a particular stake in ownership in the company. As an investor, you are entitled to a specific portion of the profits earned by the company at different periods. Return of investments is paid in dividends, which may be paid quarterly, bi-annually (twice a year, i.e., every six months). It all depends on the company’s policy. All you can be sure of is that it is a steady stream of income spread over time. Compared to other forms of buying assets, it may yield minuscule gains in the short term.

CFDs (Contract for Difference)

When you buy CFDs, you get to partake in a string of trades by predicting the number of gains or losses that a particular company stock may accumulate. It is a peculiar characteristic of volatile markets that focuses on the performance of a stock’s price action within a particular trading session. You do not have the long-term benefits of buying direct stocks neither do you own any share of the company. You are simply a standoffish trader looking to make some money from the company’s stock activity performance. To efficiently trade CFDs, you need to understand what drives the market: the nature of demand and supply. A particular CFD trade can earn you a substantial amount of profits in the short term compared to slow gains obtained from buying company stocks. However, it holds excellent risk, and it is not something beginner investors should get involved in.

ETFs (Exchange-Traded Funds)

An ETF is a basket of stocks belonging to different companies from differing industries or similar ones. These company stocks are already bought and held by a professional manager or broker, and it is put up for investors to trade based on the general price changes of combined stocks. You do not own any of the stocks in the funds, and you need a trustworthy broker to carry out this type of trade. It is also your best bet for investing in a diversified portfolio that offers a sense of security in that there is a guaranteed profit. It is believed that all markets cannot fail at the same time.

Best ways to Buy Sports betting stocks

Now that you know the methods that you can use to buy stocks on a standard broker, how do they apply to sports betting stocks:

Buy Sports betting Stocks

If you are a sports lover or have benefited from betting on sports, you need to know that there are more ways you can get profit from these sports betting companies. You can now own stocks belonging to certain publicly traded sport betting companies. As long as the companies keep performing and increase in stature, you get to earn more dividends. You should have your eyes on the long-term prospects of these stocks if you benefit from them.

Buy Sports betting stock CFDs

With this method, you can initiate a series of trades attempting to predict the possible direction of a particular stock’s price action. Note that this is a precarious way of buying sports betting stocks, given the extreme volatility that accompanies the market. It is a quicker way of getting income from buying stocks of this magnitude without waiting for months or years.

Buying Sports betting stock ETFs

You can decide to take inspiration from top exchange markets and select the best ETF containing your preferred Sports betting ETFs. You can also invest in an ETF that holds only sports betting stocks, and you capitalize on their combined growth in value. Your investment manager will also go a long way to helping you with a professional outlook into what would be the most likely group of securities that will generate sure profits for you. With the diversified company stocks, the risks are also minimal.

Are Sports betting stocks a good investment choice?

In an active sporting season? Yes, sports betting stocks are an excellent way to shake off the blues and earn from one of the largest markets in the world, that is, sports in general. The sports betting industry is a section of one of the biggest entertainment niches in the world – as Sportslens describes on it’s new betting sites UK guide, companies such as Ladbrokes Coral, 888 Holdings and PaddyPower Betfair offer lucrative dividend opportunities.

Risks in buying Sports betting stocks

Ultimately, the sports industry and sports betting companies suffered from the lockdown restrictions imposed on the sports world. Both outdoor and indoor competitions ceased, and this meant no business for sports betting companies. It diminished the stock values of some of these companies. Hence, the primary threat to sports betting would be the breakout of another pandemic that would send all sporting activities packing. The stocks of Sports betting companies would suffer as a result.

How to Buy Sports betting Stocks – Detailed & Explained in Full

Here are a few steps indicating how you can buy sports betting stocks with the best brokers in the market:

Step 1: Open a Broker Account

Get the process started by visiting the eToro website and clicking on the ‘Join Now’ button. Follow the on-screen prompts by entering your personal details and choosing a username and password.

You will also need to upload a copy of your government-issued ID – as part of the KYC (Know Your Customer) process.

Step 2: ID verification:

Verify your identity using a standard photo ID such as on a license to help confirm that the details you input are correct. Use a passport or a driving license along with a document that affirms your geographical location and your name.

Step 3: Deposit Funds

You can now make a deposit into your newly created eToro account – ensuring that you fund it with at least $50. No deposit fees apply if you are depositing funds in US dollars. Other currencies attract a fee of 0.5%.

Deposit Funds

If you want to buy Sports Betting stocks instantly, it’s best to use a debit/credit card or an e-wallet like Paypal.

Step 4: Search and Choose Sports Betting stocks, CFDs, or ETFs.

With the deposit confirmed, you can enter your Sports Betting stocks in the search box. You can also view the full list of Sports Betting companies supported by eToro by clicking on ‘Discover’ followed by ‘Stocks’.

Step 5: Buy Sports Betting Stocks

Now it’s just a case of deciding how much you want to invest. You don’t need to buy full shares at eToro, so you can invest any amount of your choosing about the $50 minimum. Once you are ready to buy your chosen Sports Betting stock – click ‘Open Trade’. And that’s it – you have just invested in Sports Betting stocks at 0%.

How to Buy Sports betting Stocks – Conclusion

Sports betting companies are recovering from the shady gloom that the pandemic cast overall sporting activities worldwide. Sports are now fully on in several parts of the world, which means that sports betting is at its operational best and its customers. It holds a pretty massive prospect in the future. It is also a stock that offers excellent continuity as the sporting world expands. You can quickly get started with eToro today with a minimum of $50 deposit and trade with zero commissions charged.

Best Platform to Buy Sports Betting stocks – eToro

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$50Exclusive promotion
Our score10
  • Buy over 800 stocks with 0% commission
  • Social trading network
  • Copy over 12 million traders and investors
0% Commissionstart TradingOur score 10

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About Blaise Luis PRO INVESTOR

Blaise Luis is a highly-skilled writer and content creator who has written for several high profile websites and YouTube Channels including Alex Costa. He is a skilled researcher who is great at simplifying complex concepts and making them reader-friendly with two degrees in English and several other professional certificates from top sites like Udemy.