Lucy recently asked me to write a review of a course I attended at Peter Webb’s Betting Exchange Academy at Hook in Hampshire last month (May 2012). Peter Webb is the creator of the BetAngel software, which is probably the leading trading product for Betfair.
It is of a professional standard, and is available here.
So anyway, here is my review of the training course. I’d be really interested in feedback, so feel free to comment below.
So How Did I Get Into All This!?
I’m the type of person who, when I get into something, will get hold of every book, read every article, live, breathe and eat the subject, so after enjoying the thrill that accompanies the magic “greening up” when trading on Betfair, I was intrigued to learn more.
The book of choice on the subject seems to be Peter Nordsted’s ‘Mastering Betfair’, which I didn’t feel added a great deal to my knowledge. I surfed at length and gathered as much info as I could that way but still felt unfulfilled, and being unfulfilled is a terrible position for any woman to be in!
Whilst surfing I happened upon a blog written by a young guy called Adam Heathcote who said he’d got started by attending a seminar held by Peter Webb on online betting exchanges. He was clearly making great money trading part-time so I exercised my belief that if you want to be successful in any field, find someone who’s done it and copy what they did.
Peter Webb’s course at the Betting Exchange Academy in Hook, Hampshire, involves an outlay of £399 for the day, so it was not without some trepidation that I booked myself on it. I’d been checking out available dates for a while and there was one seat left on the date at the end of May – the only date I was free to attend for the next three months. It seemed like fate! I felt reasonably comfortable that I was doing the right thing as I emailed some enquiries before booking and Peter Webb himself called me to answer my questions. Great service and there was no push to sell me onto the course either.
The Big Day
It was a full house that greeted me on arrival at the custom-equipped training venue and – surprise, surprise – I was the only female of the 12 attendees. (**I know how it feels! – Lucy)
The day, which began at 9.30am, focused on trading the pre-off horse-racing and tennis markets, covering everything from mindset to the necessary hardware. Peter traded live using the Betangel software that he created, although I must point out that it wasn’t necessary to know anything about the software in order to benefit from the training. He also spoke about the importance of keeping a profit & loss spreadsheet and noting lessons learnt.
Peter’s a real “stat-head” and he talked extensively about using stats to work out probabilities. Being blonde, this left me rather cold, but what I found really interesting was when Peter showed us how to make money with very little risk through laying both parties at tennis, for example, as the odds swing between closely-matched opponents, particularly in the early sets. Through using this strategy in the few days following the course, I made back the £400 I spent on the training through trading female tennis matches between players I’d never heard of, having never been into tennis. (In fact, I had to write out the scoring system on a piece of paper to keep in front of me whilst trading!).
This flies in the face of conventional wisdom that says you need to understand the sport, so perhaps anyone who knows their onions (or even their sport) could do even better.
One of the best things that came from the training (apart from a delicious buffet lunch) was the fantastic, comprehensive manual that Peter gives out at the end. It’s head and shoulders above anything else I’ve read before or since and it’s exclusively available to course attendees.
The day didn’t end until after 6pm as a few of us hung around to chat with Peter who was in no great hurry to rush off.
So am I now 100% confident that I know what I’m doing? No, but then I’m starting from completely green and I do have the afore-mentioned obsession. I’ve continued trading and learning but my impatience to shorten my learning curve and replicate Adam Heathcote’s success has me considering Betting Exchange Academy’s next stage which would be personal mentoring. Let’s see if I can get my profits to pay for this!