Sports Trading on Betfair

Download or read book Sports Trading on Betfair written by Wayne Bailey and published by CreateSpace. This book was released on 2014-10-12 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Bailey's background makes him the perfect person to write a book on carving out a living trading the often frenetic markets of the betting exchanges and he does not disappoint." "If you can't make back the cover price by using the ideas found here, then trading on the exchanges is probably not for you." "The best book of its type so far." (Book review in The Racing Post, 19th April 2015) IN the past fifteen years, the betting industry in the UK and Ireland has changed beyond recognition. While technology has made it easier than ever to place a bet, for most people making a profit from sports betting remains as tricky as ever. Yet there are a growing number of traders, some of which have no previous sports betting experience, making handsome profits from exchanges like Betfair and Betdaq. In Sports Trading on Betfair, sports trader Wayne Bailey explains the dynamics of odds movement, how prices move and why - and more importantly, describes in detail the systems and strategies he uses on a daily basis to profit from the betting exchanges. With a background in both financial trading and sports betting, Bailey explains how we can merge those two disciplines to understand the market and find ways to finally beat the books. Bailey focuses largely on horseracing but the principles and strategies described within this book can be applied to most sports. Topics include weight of movement, swing trading, scalping, betting in-running, financial spread-trading, Dutching, support and resistance, arbitrage, trading psychology and creating your own trading plan.