Learn the psychology behind Betfair strategies that work

The Psychology of Trading

Understanding how psycholgy can hinder and help your trading ability | taught by Peter Webb

Course description

Psychology plays a key part in your trading but it's often underestimated just how key this is. Whether its to do with your ability to trade or how the market works.

Learn more about both in this course.
Peter Webb
Peter Webb
Founder of Bet Angel and pioneer of sports trading

Peter's trading journey begun when he joined Betfair in June 2000, just days after they opened for business. Despite having three young children, he left a senior position in his existing career to pursue a pioneering path through sports markets.

Since then he has traded over 200,000 markets, analysed over 1,500,000 and spent the prime of his working life trading and gaining an incredibly deep understanding of how the market works. He has actively taught others since 2004 when he introduced the concept of trading on sports to financial market participants. Peter has gone on to be one of the most successful traders / gamblers ever.

Course Curriculum

Understanding how your mind words
37:18
Why traders fail
Guaranteed way NOT to lose any money in any trading market
The Devil inside - Loss aversion
Learning to take risk - Is your past your enemy?
An analogy on how to take appropiate risk
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How to use psychology to your advantage
64:19
The hotel room analogy
The correct attitude for finding great opportunities
Win by playing the losers game
What can Harry Kane teach us about trading?
What makes the perfect trader?
The secret to finding the best opportunities
How a toaster can help you trade better
Successful trading it like solving a puzzle
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Bonus - How to win a random game of chance!
39:42
How to win a random game of chance part one
How to win a random game of chance part two
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Reviews (14)

by adam kennedy

Who knew it could be so important?

by Mal Whittingham
It never occurred to me that trading even had a psychological aspect, let alone one so eloquently explained by Peter. I sat through the entire course glued to my laptop screen. If this is the standard of all the tutorials, I'm looking forward to moving on to the next one. I'm so glad I changed my mind and decided on Bet Angel. Well done. Mal

Worth its weight

by Mark Kunz
A lot of food for thought, as always presented as straightforwardly as possible. very enjoyable lessons
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by adam kennedy

Who knew it could be so important?

by Mal Whittingham
It never occurred to me that trading even had a psychological aspect, let alone one so eloquently explained by Peter. I sat through the entire course glued to my laptop screen. If this is the standard of all the tutorials, I'm looking forward to moving on to the next one. I'm so glad I changed my mind and decided on Bet Angel. Well done. Mal

Worth its weight

by Mark Kunz
A lot of food for thought, as always presented as straightforwardly as possible. very enjoyable lessons

by Steve Branch

Spot on

by Michael Whitehouse
Most enjoyable,well explained ,a genuine representation of the difficulties of punting ,My father was a punter and said Always do the opposite to what you think and you have got a chance ,sixty years later the penny is dropping couldn’t help smiling,when this was pointed out in the presentation,you can check out but you can never leave ,so it’s essential you use your experience to your advantage,also be brave ,best gambling advice I have come across ,humour a plus . Thanks a lot Mick Whitehouse

Superb course!

by Ionut Grigoras

i loved it all but "win by playing the losers game" blew my mind lol

by Samuel Ntui
Wow, This is such an awesome course that doesn't just work on your Psychology as a trader but it gives one a more positive outlook on your attitude, strategy and mentality. I'm honestly grateful to have gone through this course and I am very impressed with the videos, what you've achieved, your experience and how much progress made so far(especially with the 'win by playing the losers game' video, can't believe I didn't think of that) so awesome. Its kinda like something to look up/aspire towards especially when your background isn't much like mine lol. and am so glad I didn't skip this site. Thanks Bet Angel and Peter Webb and look forward to more future encounters.

perfectly titled-trading is all about our psychology & behaviour, sometimes we are our own worst enemy

by Daniel Comerford
I found this course to be very beneficial an excellent tool in my trading arsenal. Doing this course makes me realize how far I have come in my journey. Time to get my head together for the journey ahead & this was a fantastic experience. Learning to adapt our emotional mind & behaviour is probably the number 1 reason people fail. Methodical mindset & Execution & yes Automation. Graded Risk with a Level of Aggression, don't misalign risk vs reward. Risk exists-deal with it. Manage it & minimize it. Pause for the devil inside & think Rationally. Be aware of your mindset use psychology to advantage to trade without fear. Find the right mindset or correct attitude to find opportunity & win by playing the losers game. Keep your edge up your sleeve. ( or an ace) Fantastic stuff. Lots of great practical stuff. Great way to think to question the impossible. Nothing is impossible, if you believe, mostly in yourself. Refine your edges & grow your garden full of all the fruits in your markets. Great course 10/10

by Ofir Rosenfeld

Very good!

by Tomas Anderson
That's one of the best contents i ever found in the net about the subject. The most valuable things are the depoiments based on the personal experience. Thanks a lot!!!!

just enough

by Steve Jensen
I too am interested in the Psychology of trading and investing and feel not enough effort is put in to understand this. This short course was just enough to bring up the most relevant points without being too heavy. I would welcome more on this topic. Thanks heaps and keep up the good work. Cheers Steve

Insightful

by Vicki Olivier

Insightful

by Ryan Finn

Excellent

by Chris Mayne