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Description of Mastering Betfair

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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Title Information

ISBN:

9781906659028

Pages:

256 pages

Format:

Paperback

Product Code:

289013

Publisher:

Harriman House

Published:

30/10/2009

Edition:

1st Edition

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About Pete Nordsted

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.

Contents of Mastering Betfair

Preface
Introduction
A Brief History of Betfair

Part One - Getting Started
1. Betting Basics
2. Hardware and Software Requirements

Part Two - The Trading Process
3. The Learning Process
4. Having Attainable Goals
5. Your Trading Bank
6. Paper and Minimum Stake Trading
7. Learning From Mistakes
8. Keeping a Trading Diary
9. Trading From a Plan
10. Trading Systems
11. Learn How the Markets React
12. Back-testing
13. Make Sure Your Strategy Has Been Historically Profitable
14. Randomness and High Probability Trades
15. Mistakes and Warning Signs

Part Three - Money Management and Risk
16. Protecting Your Bank
17. A Money Management Plan

Part Four - Trading Psychology
18. Learning to Accept Losses
19. Be a Contrarian
20. Trading in Your Own Time Frame
21. Balancing Trading and Living

Part Five - Strategies
22. Introduction
23. Football
24. Tennis
25. Twenty20 Cricket
26. Golf

Part Six - The Rules For Mastering Betfair

Conclusion

Appendices
I. A Month Trading Tennis
II. Results of Analysis on Tennis Strategies
III. Explanation of Charts Used in the Book
IV. Odds comparison chart
V. Resources

Index

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