[By NBC-1TV H. J Yook]The Sports Trading Club has reported a 305% profit for the first quarter of 2013 sending a clear message to investors that trading on sports and prediction markets is an emerging industry to rival traditional financial markets.
STC's profit for March increase by 123.9% from the previous month, with 61.6% of all trades being winning trades.
“Our results are far higher than projected,” said STC Communications Manager Richard Bishop.
“Undoubtedly we have traders with extraordinary skills in analysis of data and the ability to seek out a profitable position,” he said.
“However our results are not solely due to our traders talent, but equally by the weak opposition,” he said.
“We make money out of other people‘s mistakes for which we don’t apologise. When others gamble and we trade, it is a one sided game that gives us an advantage every time that you don't find in traditional financial markets.”