Mastering Betfair (eBook) [eBook]
How to make serious money trading betting exchangesby Pete Nordsted
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Description of Mastering BetfairTrading 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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Contents of Mastering BetfairPreface
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
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
25. Twenty20 Cricket
Part Six - The Rules For Mastering Betfair
I. A Month Trading Tennis
II. Results of Analysis on Tennis Strategies
III. Explanation of Charts Used in the Book
IV. Odds comparison chart