Product Details

• Amazon Sales Rank: #45031 in Books
• Published on: 2004-10-29
• Original language: English
• Binding: Paperback
• 192 pages

Synopsis
I've never found a project that's so exciting. How many books can honestly guarantee financial success to its readers? Very few that's for sure! But Nigel is so confident that in his introduction he writes: 'Go to page 64 right now. Follow the instructions and invest the [pound]5.99. You will have your first win in an instant. Then come back to me with greater confidence and I'll show you how to be [pound]500 the richer by the end of the week.' What kind of fun is this? You don't need to know anything about horse racing, form, betting exchanges, nothing. Just learn to do what you're told and start banking the money!

From the Back Cover
The short message is simple:

You don't need to know one horse from another to make money on the betting exchanges. All you need is internet access, a modest float, a betting exchange account - and this book.

If you follow the advice in Lay, Back and Think of Winning you will enjoy consistent risk-free profits from your fruitful trades. In short: you will win!

The long message is reassuring:

This book will show you how each visit via the betting exchange to a race meeting or selected sporting event can be a profitable one.

Betting exchanges are revolutionising the way people gamble, and most people are unaware of the windows of opportunity that present themselves everyday on the exchanges. Those windows of opportunity are revealed here.

What is important to you is the fact that betting exchanges like you to win. Whereas a conventional bookmaker may close your account if you profit too often, a betting exchange prefers it when you win.

The systems in this book have been put to the test over a long and enlightening period of time. Here you will learn what makes the betting exchanges tick - and how you can apply selective trades and special bets to generate healthy and consistent levels of profit day by day.

What is more, your bets can be played risk free when you Lay, Back and Think of Winning.

Customer Reviews

Not total satisfaction ...........
If I was new to the betting exchanges then this book would be great. I'm not though and although it does cover some advanced examples of trading it didn't quite hit the spot. Maybe I'm not being fair, maybe this really is all there is to making money on the exchanges. What I do know is it still leaves me with having to think too much about how to turn a losing situation into a break-even one. I like the way the author keeps re-iterating his basic principles and the step by step calculations are well presented. I was surprised at the amount of time spent on horse racing as opposed to other areas to trade. However Horse racing does have the highest liquidity if you pick the correct races so they are good examples.
In a nutshell, I would recommend the book to anyone with limited knowledge of exchanges but I can't believe that it offers anything exciting to an experienced trader. So, I'll keep waiting for the ultimate exchange guide. Meanwhile, I'm off to change to a broadband connection .........

A good practical guide but No Guarantees
A well-written book if you are looking to understand the mechanics of placing bets on Betting Exchanges but if you are looking for more, you may be disappointed. The Amazon synopsis above mentions a simple winning bet to start things off but whether my book is a reprint or what, nothing of the sort was found in my copy!

The cover may mention "Guaranteed To Win" but with this approach, you are also guaranteed to lose and the book itself makes this fairly clear. Hopefully your losses can be of less amount and less frequent than the wins and the text identifies what to do to push the odds more in your favour but there is obviously no "free lunch". There is very little reference to arbitrage or "risk-free" bets between exchanges and/or bookies

The book mainly focuses on horse racing with only minor reference to other events. One of the favoured approaches (the Higher Lay) is to lay (small) bets off and hope (with reason) that the dynamics of the betting process provide the opportunity to later back the win on the same horse when the odds have lengthened - if not, you lose!! Although at the mercy of the stakes available, I would have expected calculations to show more clearly how to equalise or favour different event outcomes rather than just examples using arbitrary values.

An informative read especially for horse racing fanatics but the hype on the cover and the honest reality within the pages might leave you feeling slightly short-changed.

An interesting read
The basic strategy is back high then lay low or lay low then back high.
I found the book well written and interesting to read.My main criticism is that there is no formulae given to maximise your win or minimise your loss if the price moves the wrong way. There is an assumption that you will guess/work out the right to trade most of the time.