Mastering Betfair: How to Make Serious Money Trading Betting Exchanges
Trading the Betfair sporting markets in-play is rapidly growing in popularity thanks to the increased sporting coverage available on many different satellite and cable channels.
Enthusiasm for sport is a must, but there is much more to mastering Betfair.
Many people start by just using Betfair to obtain better odds than those available at the traditional bookmakers. They then perhaps do a little more research and learn to trade the markets. But to make a regular profit - to win and keep on winning - a serious, disciplined approach and careful planning need to be employed.
Mastering Betfair takes the reader through many low-risk strategies developed by the author over the past three years, showing how you too can benefit from these approaches to the betting exchanges. It also explains in detail why and how the Betfair user should employ disciplines - such as managing risk - that are normally associated with trading the financial markets. Indeed, through doing this it is hoped that the book will draw the attention of financial traders to the unique opportunities available on Betfair.
This book is essential reading for anyone looking to take their Betfair trading to another level and start making some serious money.
1100682498
Mastering Betfair: How to Make Serious Money Trading Betting Exchanges
Trading the Betfair sporting markets in-play is rapidly growing in popularity thanks to the increased sporting coverage available on many different satellite and cable channels.
Enthusiasm for sport is a must, but there is much more to mastering Betfair.
Many people start by just using Betfair to obtain better odds than those available at the traditional bookmakers. They then perhaps do a little more research and learn to trade the markets. But to make a regular profit - to win and keep on winning - a serious, disciplined approach and careful planning need to be employed.
Mastering Betfair takes the reader through many low-risk strategies developed by the author over the past three years, showing how you too can benefit from these approaches to the betting exchanges. It also explains in detail why and how the Betfair user should employ disciplines - such as managing risk - that are normally associated with trading the financial markets. Indeed, through doing this it is hoped that the book will draw the attention of financial traders to the unique opportunities available on Betfair.
This book is essential reading for anyone looking to take their Betfair trading to another level and start making some serious money.
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Mastering Betfair: How to Make Serious Money Trading Betting Exchanges

Mastering Betfair: How to Make Serious Money Trading Betting Exchanges

by Pete Nordsted
Mastering Betfair: How to Make Serious Money Trading Betting Exchanges

Mastering Betfair: How to Make Serious Money Trading Betting Exchanges

by Pete Nordsted

Paperback

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Overview

Trading the Betfair sporting markets in-play is rapidly growing in popularity thanks to the increased sporting coverage available on many different satellite and cable channels.
Enthusiasm for sport is a must, but there is much more to mastering Betfair.
Many people start by just using Betfair to obtain better odds than those available at the traditional bookmakers. They then perhaps do a little more research and learn to trade the markets. But to make a regular profit - to win and keep on winning - a serious, disciplined approach and careful planning need to be employed.
Mastering Betfair takes the reader through many low-risk strategies developed by the author over the past three years, showing how you too can benefit from these approaches to the betting exchanges. It also explains in detail why and how the Betfair user should employ disciplines - such as managing risk - that are normally associated with trading the financial markets. Indeed, through doing this it is hoped that the book will draw the attention of financial traders to the unique opportunities available on Betfair.
This book is essential reading for anyone looking to take their Betfair trading to another level and start making some serious money.

Product Details

ISBN-13: 9781906659028
Publisher: Harriman House Publishing
Publication date: 11/20/2009
Pages: 200
Product dimensions: 6.00(w) x 9.10(h) x 0.80(d)

About the Author

Pete Nordsted has been an administrator/statistician in the Royal Air Force since 1985. He was introduced to Betfair whilst on detachment in of all places Afghanistan. Despite the various connection problems he soon realised the opportunities offered by the betting exchanges and has studied the Betfair markets in depth since 2005.
He is also a Betfair accredited trainer and specialises in analysing the markets and back testing various systems and strategies.
At present he is a consultant for a leading sports trading club and is chief editor of the X-report, a monthly publication that advises trading strategies for upcoming major sporting events.

Table of Contents

Preface v

Introduction vii

A Brief History of Betfair xi

Part 1 Getting Started 1

1 Betting Basics 3

2 Hardware and Software Requirements 25

Part 2 The Trading Process 27

3 The Learning Process 29

4 Having Attainable Goals 33

5 Your Trading Bank 37

6 Paper and Minimum Stake Trading 43

7 Learning From Mistakes 45

8 Keeping a Trading Diary 49

9 Trading From a Plan 53

10 Trading Systems 57

11 Learn How the Markets React 61

12 Back-testing 65

13 Make Sure Your Strategy Has Been Historically Profitable 69

14 Randomness and High Probability Trades 73

15 Mistakes and Warning Signs 77

Part 3 Money Management and Risk 83

16 Protecting Your Bank 85

17 A Money Management Plan 87

Part 4 Trading Psychology 95

18 Learning to Accept Losses 97

19 Be a Contrarian 101

20 Trading in Your Own Time Frame 109

21 Balancing Trading and Living 113

Part 5 Strategies 119

22 Introduction 121

23 Football 125

24 Tennis 137

25 Twenty20 Cricket 147

26 Golf 153

Part 6 The Rules For Mastering Betfair 159

Conclusion 165

Appendices 167

I A Month Trading Tennis 169

II Results of Analysis on Tennis Strategies 195

III Explanation of Charts Used in the Book 215

IV Odds Comparison Chart 219

V Resources 221

Index 229

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