Hi,
I’m profitable in tennis and football trading, and I could potentially make around €2–3k/month, but I need the liquidity of Betfair.com, which I can’t access in my country.
Do you think moving to Malta is a good idea, or is it too risky?
For example, what are the chances that Betfair.com would close my account if I fully respect their rules?
If I start with a 3-month Airbnb stay, how long would it take from the day I arrive until I can use Betfair.com normally?
Is anyone else in the same situation as me?
Thanks.
Is moving to Malta for sports trading too risky?
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iambic_pentameter
- Posts: 455
- Joined: Wed May 18, 2016 1:24 pm
"...and I could potentially make around €2–3k/month"
Before you even think about moving to another country, are you actually making that or not?
Making that move is stressful enough without putting pressure on yourself to 'potentially' hit an income goal.
As a minimum, you should have 6 months living costs in the bank as an emergency.
Best of luck,
Iambic.
Before you even think about moving to another country, are you actually making that or not?
Making that move is stressful enough without putting pressure on yourself to 'potentially' hit an income goal.
As a minimum, you should have 6 months living costs in the bank as an emergency.
Best of luck,
Iambic.
iambic_pentameter wrote: ↑Sat May 16, 2026 12:09 am"...and I could potentially make around €2–3k/month"
Before you even think about moving to another country, are you actually making that or not?
Making that move is stressful enough without putting pressure on yourself to 'potentially' hit an income goal.
As a minimum, you should have 6 months living costs in the bank as an emergency.
Best of luck,
Iambic.
Thanks for the reply.
Right now I’m making around 500/month because on Betfair.it I can’t trade many matches due to the lack of liquidity in the market, and also because I’m not a full-time trader at the moment. But my percentages are good, so I’m considering it.
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Mastermind
- Posts: 113
- Joined: Mon Jul 27, 2020 8:39 pm
Maybe I can help, I moved five years ago from Germany to the UK.
To use Betfair you need to have "Proof of ID", which you have to send online to Berfair before they open your account.
I doubt that you have this prrof of ID with renting an Airbnb.
So you have to consider how long it need to get physical a sheet of paper in your hand that you LIVE on Malta.
Thats the first point and it could be weeks.
It means, renting an Airbnb is maybe the first step, but you have to have an address which you are then registered to live on Malta.
Don´t underestimate the time for this problem to get solved.
Kind regards,
Mastermind
To use Betfair you need to have "Proof of ID", which you have to send online to Berfair before they open your account.
I doubt that you have this prrof of ID with renting an Airbnb.
So you have to consider how long it need to get physical a sheet of paper in your hand that you LIVE on Malta.
Thats the first point and it could be weeks.
It means, renting an Airbnb is maybe the first step, but you have to have an address which you are then registered to live on Malta.
Don´t underestimate the time for this problem to get solved.
Kind regards,
Mastermind
Ok, thank you very much.
What about the risk of having the account closed if I operate according to the rules? Is it possible to diversify across exchanges to minimize the risk? For example, by also using sharp bookmakers and other high-liquidity exchanges.
Unfortunately with Brecut regulation I can't consider UK
What about the risk of having the account closed if I operate according to the rules? Is it possible to diversify across exchanges to minimize the risk? For example, by also using sharp bookmakers and other high-liquidity exchanges.
Unfortunately with Brecut regulation I can't consider UK
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jamesedwards
- Posts: 5734
- Joined: Wed Nov 21, 2018 6:16 pm
Just a consideration...
Are you taking or offering? If you are offering then the illiquidity and therefore inefficiencies of the .it platform could be the very reason you are profitable.
It's easier to make money in a market trading at 1.65 - 1.68 than it is in a market that is 1.66 - 1.67.
Are you taking or offering? If you are offering then the illiquidity and therefore inefficiencies of the .it platform could be the very reason you are profitable.
It's easier to make money in a market trading at 1.65 - 1.68 than it is in a market that is 1.66 - 1.67.
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jamesedwards wrote: ↑Sat May 16, 2026 9:14 amJust a consideration...
Are you taking or offering? If you are offering then the illiquidity and therefore inefficiencies of the .it platform could be the very reason you are profitable.
It's easier to make money in a market trading at 1.65 - 1.68 than it is in a market that is 1.66 - 1.67.
z172.jpg
I’ve always taken it… yeah maybe offering in small markets is an opportunity, but it’s a different process
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ForFolksSake
- Posts: 1121
- Joined: Sat May 11, 2024 2:51 pm
Vaduz wrote: ↑Sat May 16, 2026 8:53 amOk, thank you very much.
What about the risk of having the account closed if I operate according to the rules? Is it possible to diversify across exchanges to minimize the risk? For example, by also using sharp bookmakers and other high-liquidity exchanges.
Unfortunately with Brecut regulation I can't consider UK
You could apply for a long-term visa - 3.8 million long-term visas have been issued since BrexitUnfortunately with Brecut regulation I can't consider UK
https://www.gov.uk/browse/visas-immigration