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Mastering Betfair: How to make serious money trading betting exchanges by [Pete, Nordsted]
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Mastering Betfair: How to make serious money trading betting exchanges Kindle Edition

3.8 out of 5 stars 37 customer reviews

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Length: 244 pages Word Wise: Enabled

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Product Description

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.

Product details

  • Format: Kindle Edition
  • File Size: 2725 KB
  • Print Length: 244 pages
  • Publisher: Harriman House; 1 edition (27 Aug. 2010)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B002Z8QZTK
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Enhanced Typesetting: Not Enabled
  • Average Customer Review: 3.8 out of 5 stars 37 customer reviews
  • Amazon Bestsellers Rank: #161,483 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Top Customer Reviews

Format: Paperback Verified Purchase
The author states the book is "written for the sports trader who is at the stage where he would like to take his trading to the next level.", and discusses the following topics:

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
Trading Systems
Learn How the Market Reacts
Back-testing
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.
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4 Comments 47 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
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Format: Paperback
Been trying to trade Betfair for about 12 months without success and if like me you feel that your treading water on Betfair, then this book could be what your looking for.

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.
1 Comment 30 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
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Format: Paperback
As I have said nothing special.This book maybe ok for a beginner.That it as much as I can say for it.He certainly is not giving you any trade secrets.
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Format: Paperback Verified Purchase
It's a reasonably interesting book for a complete novice to betfair at half the price perhaps, even though it says it's not designed for beginners. Lot's of graphs and charts rather than good hard written knowledge. If you have some betfair experience already then there isn't a lot in the book that you wouldn't have picked up yourself along the way. There's plenty of better advice to be had through general internet searches and forums.
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Format: Kindle Edition Verified Purchase
A recommended read if your serious and willing to think outside the box and trade like a professional. Not for the ones looking for a quick buck!
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Format: Kindle Edition
Ordered this for the kindle just before Christmas. I've never done any trading before reading this book which explains the ins and outs. One strategy that has worked particularly well for me is the authors under/over 2.5 goal strategy. Only gripe with the kindle edition would be that the tables aren't formatted kindly. Overall a good read.
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Format: Paperback Verified Purchase
The author makes it clear that this is not a book for a novice to cold trading on Betfair. It does however contain a lot of rudimentary principles to which every trader from novice to expert should adhere. There are some clever strategies within the pages of this publication, which I had not come across previously, which make the purchase of the book good value for money and I recommend it to aspiring traders.
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Format: Kindle Edition Verified Purchase
When I purchased this book I expected more of a book on how to use Betfair to make money, as Betfair's help is pitifully inadequate. For example it took Betfair's support people 5 emails to me on how to place something as simple as a patent bet. This book covers nothing like that, it seems geared to betting on football matches. Once you have read it, there is no need use it again.
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