Trading in the Zone by Mark Douglas

This book is designed for trading on the stock market but the theories can be applied to any kind of trading or betting. I bought this book after hearing rave reviews about it and I wasn’t disappointed, at the time of purchase I was going through a particular rough patch with my betting. I was chasing losses, over staking and generally betting on anything I could to make some money and the end result was a loss after loss after loss.

Trading in the Zone focuses on how the human mind reacts to certain situations and this is very important when betting. It made me realize not to get carried away when winning and vice versa when losing – you need to believe in your methods and ability to make consistent profits and ACCEPT THE RISK! This is a book I often refer to just remind myself that making money from the Betfair markets is 20% knowledge and 80% mind control, it’s a great read and this would be the first book I would recommend to those having trouble trying to make consistent profits from betting/trading.

Check out my amazon store which has a list of betting books, all I have personally read.

Betting Exchanges - BETFAIR

The first review is for Betfair, the most recognized betting exchange out there. Since its inception in June 2000 Betfair has grown to become the biggest online betting exhange and claim there odds are on average 15% better than the high street bookmaker. This is true in theory but when backing favourites the price is almost identical to the high street bookmaker, its when backing an outsider true value is on betfair.

Beware that Betfair take 5% commission on all winning bets (this is factored in when winnings are calculated on your choosen market). For those of you not familiar with betting exchanges they allow you to be the bookmaker and LAY bets, i.e. you dont fancy the favourite in the next at Lingfield - you can lay (take bets) on the favourite and if it gets beat you win! Simple.

Betfair's vast array of markets is quite mindblowing as well, they have markets that range from Indian Football to Bandy (I have no idea what bandy is, but you can bet on it!). Its great for inplay betting as well, almost every top flight football match in Europe goes in play and is a dream for traders. I have been using Betfair for years now and love the platform and interface, its where I place most if not all of my bets.

 I would thoroughly recommend any who hasnt got an account to sign up today and take advantage of the £25 free bet (see betfair button on left sidebar).

Happy Betting!