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"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.
- Sales Rank: #4177724 in Books
- Published on: 2014-10-12
- Original language: English
- Number of items: 1
- Dimensions: 11.00" h x .47" w x 8.50" l, 1.04 pounds
- Binding: Paperback
- 196 pages
Review
"The best book its type so far." Paul Eacott, Racing Post
About the Author
WAYNE Bailey was born in Dublin where he still lives with his wife and daughter. A librarian by profession, Wayne has always had a passion for betting and trading and has spent various periods throughout his life as a professional gambler. In 2007, Wayne began writing for the official Betfair UK blog and was appointed editor of Betfair’s Irish blog from 2008 to 2010. An accredited Betfair trainer, he also spent some time working with the Betfair Education Team at various seminars and sporting events throughout the UK and Ireland. In 2007, he graduated from University College Dublin with a degree in social science and information studies and four years later, he completed a diploma in financial trading from the Irish Institute of Financial Trading. More recently, he studied psychology and the behaviour of the human mind. Wayne is a regular contributor to various newspapers and websites in the UK and Ireland, and he currently pens the Betting Ring column which enjoys a large dedicated following every Saturday in Ireland’s largest selling newspaper The Irish Independent. Wayne also runs a highly successful place laying service on www.waynebaileyracing.com which has provided a profit of over £5,000 to a £10 stake.
Most helpful customer reviews
0 of 0 people found the following review helpful.
Must for new traders!
By Amazon Customer
It is a must for every new trader! Wayne writes like everybody understand what he is talking about and it contains knowledge no trader should be without!
0 of 0 people found the following review helpful.
This is a horrible book by someone who never made it
By Laughable
This is a horrible book by someone who never made it. You have spend an immense amount of hours writing it really offers nothing. Just lots of gibberish/common sense bulls***. Thinking small.
0 of 0 people found the following review helpful.
Five Stars
By Amazon Customer
fantastic book great tips very well written
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