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Mastering Betfair: How to make serious money trading betting exchanges Kindle Edition
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The Learning Process
Having Attainable Goals
Your Trading Bank
Paper and Minimum Stake Trading
Learning from Mistakes
Keeping a Trading Diary
Trading from a Plan
Learn How the Market Reacts
Make Sure Your Strategy Has Been Historically Profitable
Randomness and High Probability Trades
Mistakes and Warning Signs
Protecting Your Bank
A Money Management Plan
Learning to Accept Losses
Be a Contrarian
Trading in Your Own Time Frame
Balancing Trading and Living
It also lists a few trading strategies from certain sports (football, tennis, cricket, golf).
Experienced sports traders will tell you that most of these topics are very important - it's all good solid advice. However, most of the topic content spans four or five pages (of fairly large print), some for only three. As such, no topic is examined in any great detail. The book is more a list of techniques and skills than a training aid.
For example, the Chapter on Learning from Mistakes lists three examples of losing trades, then notes the lessons learned. The learning process itself is not examined - the need to be completely honest about decision making, the failure to recognise bad habits, the need to analyse thoroughly.
Another example: the author suggests only betting with a £20 note under the keyboard, so one doesn't forget the real value of money. Sorry, but that is not the kind of information which will make anyone a better trader.Read more ›
What I like about this book is doesnt pretend to be something its not, the author doesnt claim to be a professional, just an ordinary guy who understands the trading process (and he does!). I emailed him, as there are some excel spreadsheets he can provide you with and I must say I found Pete a very approachable guy and I have since exchanged one or two emails with him.
I found the book easy to follow and its set out well and the information provided is good and very useful. My thought process has certainly been stimulated to look at the Betfair markets in a different way.
In conclusion; an excellent read and for the cost of a round of drinks its well worth the investment.
Most Recent Customer Reviews
Excellent reading,simple and very easy to follow and very informative. Fully recommend. ThanksPublished 1 month ago by jsd lima
Again I repeat that if you are using Betfair, anything extra which you can learn is worthwhile. I cannot say that this book is a 'must', but it is always there for reference.Published 1 month ago by Alan Cleminson
provides some useful tips. better than all the other books on betfair out there. i would recommend it to anyone who wants to have a go.Published 15 months ago by THEODOROS KAROUMPALIS
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