Mug’s Game Horse Racing Workshop

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Mug’s Game Horse Racing Workshop Details:

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The Mug’s Game Horse Racing Workshop is a one day course held in Coventry for aspiring sports traders to learn from one of Betfair’s most experienced traders. The course is focused on one proven strategy that any trader can use time and time again in the Horse Racing markets.

For those of you who haven’t heard of, or met, Mug’s Game (whose real name is Steve Howe) you’re in for a treat. For those who know his videos, blogs or have been on his course you’ll know what I’m on about…

Background Information to the Mug’s Game Horse Racing Workshop

With Horse Racing being one of the most popular sports to trade on Betfair for the fact it’s on daily, has great liquidity and presents hundreds of opportunities in a week it’s no surprise it is the starting point for many just starting out on their sports trading journey. There are courses run by a number of professionals who have made it their professional living – a dream that many of us aspire to.

Who Is Steve Howe?

Steve Howe, or Mug’s Game as his moniker goes, is a professional trader of 10+ years who is renowned within the trading community for his straight-talking approach. Not many tell it how it is like Steve does. I found Steve’s helpful postings on the Bet Angel forums when doing some research one night and ended up at his personal website www.itsamugsblog.co.uk.

As a professional Betfair trader, Steve has even been featured alongside Peter Webb and Caan Berry in the #BetfairTraders campaign the betting exchange ran in 2014.

Mugs’ website contains a lot of useful blogs filled with information about trading the Betfair markets. His YouTube channel has hundreds of videos in which he voices over and explains his (sometimes colourful!) thought processes behind races he has traded. Steve talks in very straightforward and simple language that any novice horse racing trader can understand – this is quite rare to find and very beneficial when you’re learning the ropes.

Even though I had already been on the Bet Angel Horse Racing Workshop a few months previous (read that review here) and had already booked my Peter Webb’s Trading Masterclass course (and read that review, here) I couldn’t help myself but book onto Mug’s Game Horse Racing Workshop too.[/vc_column_text][vc_btn title=”View Steve’s Current Workshops” style=”3d” color=”warning” align=”center” i_align=”right” i_icon_fontawesome=”fa fa-graduation-cap” add_icon=”true” link=”url:http%3A%2F%2Fwww.itsamugsblog.co.uk%2F2016-racing-workshops%2F||target:%20_blank|rel:nofollow”][vc_column_text]

Booking the Mug’s Game Horse Racing Workshop

I booked onto his course for October 2016 – held in The Village Hotel, Coventry – via www.itsamugsblog.co.uk/racing-workshops (you can check the current availability of his courses here too).

This is where Mug’s begins to show his true class. There is nothing that is too much for Steve. If you have any queries he will seemingly go to any length to help you out and give you the right information. The detail in the introductory email is first class. As I was flying over from Belfast Steve’s directions, travel and accommodation information provided gave me with a clear idea of what time I should book my flights for, which hotel I should stay in and how to get to it.

A picture of the outside the Village Hotel, Coventry
Outside the Village Hotel, Coventry

Steve also recommended that we stay over at the hotel from the night before as he would be hanging around to get to know those attending the course for (what was meant to be) a light drinking session. More on that in the next section.

Nothing to do then except pass the time until the course by watching more of Steve’s videos for purely learning purposes. OK, also for some light, post-watershed entertainment too.

Pre-Workshop

Steve even took the time to email everybody on the Friday before the course to give details of the pre-meet up session and provide info on the course format. He also mentioned that he would be hanging about in the bar afterwards for people to pick his brains about what they had just learned.

Personally, I arrived at the hotel on the Saturday (the course was on the Monday) as I’d planned to take advantage of the gym and swimming facilities. In the end, I just wound up watching the weekend football on their f**king huge TV screen. It is a proper sports bar, top notch.

On the Sunday I went down to the bar to join Steve and the other attendees. We all had a few drinks (some had more than a few and paid for it the next day) and got our chance to talk to Steve to ask him questions about life as a professional sports trader. He also informed us about the upgrade option where we would be invited to join his mentorship program upon completion of the course (which is well worth it by the way, but more on this at the end of the review). Most of us retired to bed by 1am in our attempts to be somewhat sensible and keep ourselves fresh enough for the day of learning ahead of us.

The Day of the Mug’s Game Horse Racing Workshop

The course started shortly after 9am and we got stuck into some basics and essential knowledge about money management, discipline and psychology (an essential part of any trader’s armour), keeping your bank safe and then a quick run through of the horse racing strategy we would be learning.

Steve then talks about his strategy in greater detail and told us why it had been so successful and proceeded to go through a few examples of him deploying this strategy. I have to admit, I did think “Is that it? Just one strategy? There has to be more to trading than this, everything I’ve learnt about it so far has told me so.” How wrong I was. You see, as a novice trader (and I’m sure there are many others out there like me) I tend to overcomplicate things at times. When I was just starting out if someone told me information about a strategy I would always think there was more to it. In fact, this is one of the biggest things that held me back in the beginning.[/vc_column_text][vc_widget_sidebar sidebar_id=”gp-sports-trading-for-beginners-widget”][vc_message]One strategy is all that aspiring traders need to get a successful foothold in trading the pre-race markets.[/vc_message][vc_column_text]Back to the course review, though. After a break for lunch Steve went through this one strategy time and time again and took any and every question the attendees had about it. There was no such thing as a stupid question in this room, Steve wanted to make sure every one of us understood fully what we were learning and how to implement it in the horse racing markets ourselves. By the end of it we knew exactly what we had to do and when we could implement it. Of course, it would take practice for us doing it by ourselves, but with Steve’s confidence in us we all felt like we could go forward and have a real crack at it.

At the end of the course Steve handed everyone an 8gb USB stick filled with annotated video examples of the videos he had just gone through and other examples which we could watch ourselves. These are fantastic – the amount of depth Steve goes into on every trade is fantastic for newbies. They are all broken down bit by bit and paused at points so Steve can point out the indicators he was using at that very second of the trade. It really will drive the strategy home for you and give you confidence that you can go out there and do it yourself.[/vc_column_text][vc_column_text]

After Course – The Mug’s Game Mentorship Group

Before I start, i’m not sure whether Steve still offers this. It’s worth checking with him yourself.

For anyone who has attended his course Steve offers the opportunity to join his mentorship group. In this you get access to all of Steve’s Skype groups and the groups of a few of his trusted fellow traders who specialise in certain markets. These include all the main Betfair sports markets and politics.

  • Football
  • Horse Racing (Pre-Race and Back to Lay/Lay to Back)
  • Tennis
  • NFL
  • Cricket
  • Politics
  • Matched Betting
  • And a few other rooms for banter and member trades

This is an incredible resource for any trader. As is often said, trading can be a lonely game at times, and having a bunch of other traders discussing in real time the same markets as you are trading can be invaluable. All the guys are great and if anyone asks a question someone will undoubtedly step forward to answer it. Steve is very active too, mainly in the Horse Racing rooms and will often post in new video content that he has recently recorded. This is the extra level of effort that the man goes to, he keeps his content fresh and provides numerous examples – often answering recent questions from new traders who have joined the group.[/vc_column_text][vc_message]Joining the mentorship group for at least 6 months will undoubtedly boost your progress. It is one of the best trading resources available.[/vc_message][vc_column_text]The main value for me when joining the mentorship program was in the extra video content. There was roughly an extra 10gbs of video content covering Horse Racing and Football that is all available via Dropbox download. There are three types of Horse Racing videos:

  • More examples of the strategy we were taught on the course
  • Videos of how Steve does his morning research to prepare for the day
  • Morning Racing – where Steve puts on some trades early due to the trend that is developing on them

The Football videos were a lightbulb moment for me as they helped to give me my first strategies to trade the pre-match markets. I finally started to make some consistent profit…until a couple of months later I lost my discipline again as I got involved in in-play Football trading – it seems to happen to us all at the novice stage! The important thing is that Steve’s videos open your mind up to all manner of possibilities of how to trade the markets that anyone just starting out probably wouldn’t begin to realise.[/vc_column_text][vc_cta h2=”What Edge Will It Give Me?” txt_align=”center” color=”white” add_button=”bottom” btn_title=”Check Current Availability” btn_style=”3d” btn_color=”warning” btn_align=”center” btn_i_align=”right” btn_i_icon_fontawesome=”fa fa-graduation-cap” btn_add_icon=”true” css=”.vc_custom_1500763147129{border-top-width: 5px !important;border-right-width: 5px !important;border-bottom-width: 5px !important;border-left-width: 5px !important;background-color: #81d742 !important;border-left-color: #cecece !important;border-left-style: outset !important;border-right-color: #cecece !important;border-right-style: outset !important;border-top-color: #cecece !important;border-top-style: outset !important;border-bottom-color: #cecece !important;border-bottom-style: outset !important;border-radius: 5px !important;}” btn_link=”url:http%3A%2F%2Fwww.itsamugsblog.co.uk%2F2016-racing-workshops%2F|title:www.itsamugsblog.co.uk%2Fracing-workshops%2F|target:%20_blank|rel:nofollow”]

Attending Steve Howe’s Pre-Race Horse Racing Workshop will provide newcomers with the head start they need when first tackling the horse racing markets on Betfair. The strategy explained on the course, combined with the takeaway video content, will undoubtedly provide a sound base to go into your trading sessions with confidence of being able to end the day with a profit.

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Final Thoughts on the Mug’s Game Horse Racing Workshop

If you’ve been on the Mug’s Game Horse Racing Workshop and joined his mentorship program I’m sure you’ll agree with me in saying that it is fantastic value for money. For anyone thinking about going on it – the course will provide you with the platform for your success in trading and the Mug’s Game mentorship group will help with any pitfalls or queries you’re likely to have along the way. This course is fantastic starting place for those new to Sports Trading – you will not regret booking your place and investing in the mentorship group afterwards.

Have you been on the Mug’s Game Horse Racing Workshop? Comment below with your thoughts on it![/vc_column_text][vc_message message_box_color=”success” icon_fontawesome=”fa fa-pencil”]Top Tips

  • Bring a notepad and make notes – there is a lot of information to take in.
  • Familiarise yourself with a trading software, it doesn’t have to be Gruss, but as long as you understand how software works and the benefits it offers. If you’re entirely new then have a look at our blog post on the topic, here.
  • Take advantage of joining in with everyone the night before – you’ll meet some top people and be able to share experiences. Just don’t get too drunk so you can’t concentrate during the course the next day.
  • Watch the numerous videos provided in the extra content until you’re confident enough to trade the markets yourself.
  • I wouldn’t recommend this course to anyone who is completely new to sports trading. If you haven’t already then read these three books that are perfect for beginners before booking any courses.
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  • Great value for money
  • Run by a genuinely nice bloke who is looking after newbies’ interests. The information provided in the lead up to going on the course is fantastic
  • Mentorship group is well worth the investment
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  • The hotel put anchovies in my Caesar salad when I asked them not to. (Seriously though, it’s hard to find any negatives about this course – just ask anyone else who has been on it.)
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RacingTrader’s Sports Trading Masterclass

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RacingTrader’s Sports Trading Masterclass Details:

[/vc_message][vc_column_text]RacingTrader’s Sports Trading Masterclass is outlined as a day that will cover the following areas:

  • How to improve your understanding of analysing sports markets and identify trading opportunities
  • Implement trading strategies using the analysis
  • Psychology of trading
  • Money management and discipline
  • In-play trading opportunities
  • Reading racing markets with minimal knowledge
  • Introduction to trading software and its importance
  • And finally, how to move your sports trading from a hobby to having a serious approach

At the outset, Tony clearly says that the workshop will encompass his nine years of trading experience condensed into one day to show delegates the best way to get started, then improve, then succeed. He clearly stated that this would most definitely not be a get rich quick scheme and we’d need focus and dedication to make our sports trading profitable.

*Editor’s Note: This course was attended by someone other than Neal, who has done most of the reviews on this site. The reviewer wanted to remain anonymous.*

Background Information to RacingTrader’s Sports Trading Masterclass 

With Horse Racing being one of the most popular sports to trade on Betfair for the fact it’s on daily, has great liquidity and presents hundreds of opportunities in a week it’s no surprise it is the starting point for many just starting out on their sports trading journey. There are courses run by a number of professionals who have made it their professional living – a dream that many of us aspire to. This course isn’t solely focused on Horse Racing but does cover some other sports too – mainly Cricket and Football.

Who Is Tony Hargraves?

Tony Hargraves, also known as ‘The Badger’, is an Australian sports trader who resides in the UK. Tony has been trading on Betfair since 2004 and turned professional in 2008. As an active member of the RacingTraders forum and their BetTrader software he was prompted to start giving trading courses around the UK. As well as trading Horse Racing pre-off and in-play, he also focuses on UK Football and international Cricket.

Tony can be heard giving an overview of the BetTrader’s software in the video below:

Booking the RacingTrader’s Sports Trading Masterclass 

The course was booked by email and confirmation and correspondence all conducted by email. Pre-course information was sent out well in advance of the course and contained full details regarding timings, address location and what to expect.[/vc_column_text][vc_btn title=”Visit RacingTraders.co.uk for Course Availability” style=”3d” color=”warning” align=”center” i_align=”right” i_icon_fontawesome=”fa fa-graduation-cap” add_icon=”true” link=”url:http%3A%2F%2Fwww.sportstradingtools.co.uk%2Fracingtraders-courses||target:%20_blank|rel:nofollow”][vc_column_text]

Outside of Old Trafford Stadium, Manchester
Outside of Old Trafford Stadium, Manchester

The Day of the RacingTrader’s Sports Trading Masterclass

The course started early at around 9am and the morning session began with what the foundation principles of trading are and what it essentially is. Tony then showed us images of how his office was now set up and how it had evolved over the years to adapt with circumstances, trading styles and experience.

We then moved on to cover psychology and mindset with some excellent real life examples that required us to self-evaluate what our response in the situation would be. This very quickly helped to show the element of discipline that a sports trader requires and let us determine if at that point we were actually a ‘trader’ or a ‘punter’.

We covered an introduction to strategies for both horses and football, to give us a flavour of how to find value within the markets. Tony covered a lot of the strategies he regularly uses and showed us to how to put our research in to play in respect of the sport and markets we wanted to trade. There was reference to other sports too and we were given lots of examples of how you could begin trading these sports based upon current level of knowledge of the sport.

Another section included graphs and what everything meant, showing what can be interpreted and learned from them.

Next, we focused on on money management and what you should and shouldn’t do. Tony stressed the importance of exiting trades and showed us examples of what you should do and how to do it in certain given circumstances.

Lunch was excellent and it was also an opportunity to talk with other attendees who all seemed to be at different stages of either getting involved or being involved with sports trading.

After lunch, we had a live horse trading session which was great to see as it clearly demonstrated the elements that needed to be focused on and closely watched. Tony talked to us about how to watch races and the different types of feeds, how he trades in-play himself and angles to look for both for advantage as well as pitfalls.

I made notes during the day for my own reference but we were told at the outset that we’d be receiving a set of course slides so that enabled us to not have to focus on writing every single piece of information down. There really was a lot of valuable information shared during the day but like any course, it’s down to the delegates to work with it and put it in to play after the day has ended.[/vc_column_text][vc_widget_sidebar sidebar_id=”gp-sports-trading-for-beginners-widget”][vc_column_text]

After Course

Three days after attending the course a comprehensive email was sent out including a full set of the PowerPoint slides used during the day, links to download copies of the Sports Trader eBook, Racing Trader eBook and Strategy eBook (other eBooks that are now available were written after the course was undertaken), a link to Football Form Labs and an offer of a free month of access to the BetTraders software. There was also a link to an explanation of how Tony uses Football Form Labs to inform his Football trading and a spreadsheet with prices as a percentage.[/vc_column_text][vc_cta h2=”What Edge Will It Give Me?” txt_align=”center” color=”white” add_button=”bottom” btn_title=”Check Current Course Availability” btn_style=”3d” btn_color=”warning” btn_align=”center” btn_i_align=”right” btn_i_icon_fontawesome=”fa fa-graduation-cap” btn_add_icon=”true” css=”.vc_custom_1500991489671{border-top-width: 5px !important;border-right-width: 5px !important;border-bottom-width: 5px !important;border-left-width: 5px !important;background-color: #81d742 !important;border-left-color: #cecece !important;border-left-style: outset !important;border-right-color: #cecece !important;border-right-style: outset !important;border-top-color: #cecece !important;border-top-style: outset !important;border-bottom-color: #cecece !important;border-bottom-style: outset !important;border-radius: 5px !important;}” btn_link=”url:http%3A%2F%2Fwww.sportstradingtools.co.uk%2Fracingtraders-courses||target:%20_blank|rel:nofollow”]

This course is perfect if you’re new to sports trading or are looking to find out what sports trading can offer and how to set about getting involved in sports trading. What it isn’t is a day of methodology and defined strategies that you can walk out the door with. Lots and lots of methodologies are covered during the day but with the emphasis that these need to be taken away and practiced in line with all the other information covered.

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Final Thoughts on the RacingTrader’s Sports Trading Masterclass

Tony went to great lengths to get the participants to do lots of self-examination and actually question themselves as to whether or not they were cut out to be a sports trader.  The RacingTrader’s Sports Trading Masterclass is all about what you need to get involved in trading, the type of mindset and mentality you need and a ‘warts and all’ insight into both the good and bad as, after all, trading isn’t right for everyone.

I personally really enjoyed attending the course and as someone who was completely new to trading, the workshop provided an in-depth insight as to what could be achieved and how to get started. If you’re looking for pre-determined set methodologies then this isn’t really what the workshop is about but if you want to know more about how to get started or really improve on the sports trading journey and how to go about it then this course is ideal.

Have you been on a RacingTrader’s course? Comment below with your thoughts on it![/vc_column_text][vc_message message_box_color=”success” icon_fontawesome=”fa fa-pencil”]Top Tips

  • Watch as much video content as you can before attending the course – especially the YouTube content that Tony has put online – as well as the information on the RacingTraders website
  • Familiarise yourself with trading software as the course clearly demonstrates the edge that this gives when undertaking sports trading
  • Whilst this course is one of the better courses for anyone who is completely new to sports trading, if you haven’t already then check out these three books will prepare you for what sports trading entails before you book any courses
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  • The course focused on the important elements need to become a profitable long term sports trader. Tony is extremely knowledgeable, was very attentive through the day and was very generous with the knowledge that he shared with the room
  • All delegates were also invited to join Tony for a drink and live football trading session after the course too which was a nice extra
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  • The tour of Manchester United may not have appealed to everyone but it was a nice touch
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Peter Webb (Bet Angel) Trading Masterclass

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Peter Webb Trading Masterclass Details:

[/vc_message][vc_column_text]Peter Webb’s Trading Masterclass is a one day course held at the Bet Angel headquarters in Hook, Southampton that offers traders the chance to learn from Peter Webb, professional sports trader since 2000 about all aspects of Betfair Trading.

Background Information to Peter Webb’s Trading Masterclass

Horse Racing is a massive industry and one of the most popular sports to trade on Betfair for several factors:

  • Tradable on almost every day of the year
  • Numerous opportunities daily due to the number of races
  • Highly liquid markets

It is the first sport that many of those new to trading on Betfair attempt to learn because of these factors. In my opinion Horse Racing is the true art of sports trading because you’re relying mainly on technical skills to read and react to the market as it is happening live. Whereas with many other sports, like football, a lot of research is done beforehand and is dependent on the events that occur in the football match. With pre-race trading you have much more control over the outcome as it is less reliant on external factors and more about your ability to read and trade the markets as you seen them.

Who Are Bet Angel and Peter Webb?

Peter Webb started using Betfair almost since the first day it came online, initially he used the platform for making risk-free profits through arbitrage betting until he realised that instead of backing with a traditional bookmaker and laying on Betfair he could complete the entire process on Betfair itself.

This led him to partner up with a software developer to create a trading software with an interface that would visually display relevant information he felt was needed to trade the sports markets to its full potential. Along with GeeksToy, Bet Angel is the most popular software on the market.

Peter has become a renowned name in sports trading due to his company’s videos on YouTube… and the small matter that he is one of the few millionaire Betfair traders.

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Booking Peter Webb’s Trading Masterclass Course

In your early attempts to become a Betfair trader it becomes apparent that there is so much knowledge you need to gain. It was a few months into my trading journey that I felt the time was right to head over to Southampton and attend one of Peter Webb’s Trading Masterclass courses. Having previously attended the Bet Angel Horse Racing Workshop back in June (read that review by clicking here) and spent months implementing many of my learnings from that day I had now built up so many other questions about Sports Trading that I wished I had the answers to and so I booked the course at a cost of £400 via their bettingexchangeacademy.com website.

Pre-Course

The process followed just the same as my previous course booking with an email of the terms and conditions and a general overview of the course.

After sending an email back agreeing to the terms and conditions attendees are sent further details relating to the location, directions, airports and accommodation. Being from Belfast, I then had to get booking my flights and hotel. I was happy with the White Hart Hotel that I had stayed at last time so I booked myself in to it again.

Outside of the White Hart Hotel, Hook
Outside of the White Hart Hotel, Hook

The Day of Peter Webb’s Trading Masterclass Course

Peter started off talking briefly about some of his key tips for success in becoming a professional sports trader:

  • Discipline and practice will lead to better execution
  • Discipline and your psychology are paramount
  • The combination of 1) Money Management 2) Strategy and 3) Tactics and Psychology are the three main aspects that are key to making yourself a successful sports trader

One of the guys asked Peter what his recommended books were for this and, rather surprisingly, he answered that he had never read ‘Trading in the Zone’ by Mark Douglas. He instead suggested two books – Thinking, Fast and Slow by Daniel Kahneman (which is featured in our ‘Trading Psychology: 5 of the Best Books’ blog) and Mindware (Peter couldn’t remember the name of the author so i’m not entirely sure if it’s the book by Richard Nesbitt or the one by Andy Clark.[/vc_column_text][vc_single_image image=”1608″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”custom_link” img_link_target=”_blank” link=”http://amzn.to/2wkXbiC”][ult_dualbutton btn_border_style=”solid” button1_text=”Buy from Amazon” icon_link=”url:http%3A%2F%2Famzn.to%2F2wkXbiC||target:%20_blank|” btn1_background_color=”#eaca7a” btn1_bghovercolor=”#eabd4b” icon=”Defaults-shopping-cart” icon_align=”right” button2_text=”Buy from iBooks” btn_icon_link=”url:https%3A%2F%2Fgeo.itunes.apple.com%2Fgb%2Fbook%2Fthinking-fast-and-slow%2Fid464822423%3Fmt%3D11||target:%20_blank|” btn2_background_color=”#ffffff” btn2_bghovercolor=”#f1eafc” btn_icon=”Defaults-book” divider_text=”Or” btn_border_radius=”1″][vc_column_text]This led to a discussion about how Peter and many professionals at the top of their game view trading, whether it’s sports trading or financial trading:

  • The best trades come from being a contrarian
  • Most of trading is counterintuitive
  • Showing control is a useful trait whereas being reactive is not
  • If you can understand what the brain is doing in the heat of trading then you can control it into reverting to plan and structure
[/vc_column_text][vc_btn title=”Read the ‘Trading Psychology: 5 of the Best Books’ blog” style=”3d” color=”turquoise” align=”center” i_align=”right” i_icon_fontawesome=”fa fa-book” add_icon=”true” link=”url:http%3A%2F%2Fwww.sportstradingtools.co.uk%2Ftrading-psychology-5-best-books%2F||target:%20_blank|”][vc_column_text]Next, we moved onto talking about the Horse Racing markets and gained some more insight about what every novice trader does wrong – including Peter himself when he started out:

  • Arrive at a market with a pre-set plan, otherwise you will try to find things that you cannot see
  • Do not try to interpret EVERYTHING that is going on – it is your goal to exploit when other people do this
  • Let the market work for you, do not be a follower
  • Transition yourself ahead of trends

Followed by questions Peter asks himself before entering a trade:

  • How volatile is the market?
  • How likely is my trade to succeed?
  • How often can I do it?
  • How safe is it to do it? (Stakes should be dependent on the level of risk)
[/vc_column_text][vc_message]A top tip I want to recommend to everyone who is looking to book this course – make sure you take notes throughout! There is a wealth of information on offer and you will not be able to remember half of it by the time you get home, which is not what you want when you’ve just spent £400 for the privilege…[/vc_message][vc_widget_sidebar sidebar_id=”gp-sports-trading-for-beginners-widget”][vc_column_text]We then had a look at the afternoon’s horse racing card and Peter took us through a few things he looks for to prepare himself for the trading session. At this point we were provided some handouts – most of which I had received in the pre-race Horse Racing Workshop I had attended in June 2016. Then we broke for lunch. Again, tea, coffee and a range of sandwiches and pastries were provided.

Once finished we cracked on and started picking Peter’s brains about other sports such as football and even had some chat about the politics markets due to battle between Donald Trump and Hillary Clinton in the US Presidential election race.

Following this we had turned to our computer screens (each table has its own) to have a look at some live races on that day’s Horse Racing card and Peter asked us our opinion on what we thought was about to happen, where we thought a good entry was and any signals or obstacles we could see. To his credit, he did predict what was going to happen next and said how he would have traded it.

Peter discussed some of his thoughts on key signals such as Weight of Money and took all our questions and answered them in detail.  He also took us through a few videos showing certain types of market situation – such as when a big bettor comes in with tens of thousands of pounds – and what we should do in such a situation. He also touched on automation and how he uses it and how we could use it to test any of our own strategies.

The course finished up around 6pm and Peter handed out the coveted ‘Trading Bible’ (as it is named on the Bet Angel website). I was excited to get my hands on this as it’s a 334-page book which covers almost every aspect of sports trading and is written by Peter himself.

After Peter Webb’s Trading Masterclass

After the course, it was time for me to head back to my hotel, order some dinner and get stuck into the book I had just been provided with.  I took my time with it and read it over several weeks to make sure I soaked in every bit of information in it. However, as I’ll discuss in the summary, much like the course itself I ended up with the feeling that it stopped short of helping with devising strategies.[/vc_column_text][vc_cta h2=”What Edge Will It Give Me?” txt_align=”center” color=”white” add_button=”bottom” btn_title=”Check Current Availability” btn_style=”3d” btn_color=”warning” btn_align=”center” btn_i_align=”right” btn_i_icon_fontawesome=”fa fa-graduation-cap” btn_add_icon=”true” css=”.vc_custom_1502054516338{border-top-width: 5px !important;border-right-width: 5px !important;border-bottom-width: 5px !important;border-left-width: 5px !important;background-color: #81d742 !important;border-left-color: #cecece !important;border-left-style: outset !important;border-right-color: #cecece !important;border-right-style: outset !important;border-top-color: #cecece !important;border-top-style: outset !important;border-bottom-color: #cecece !important;border-bottom-style: outset !important;border-radius: 5px !important;}” btn_link=”url:https%3A%2F%2Fwww.bettingexchangeacademy.com%2Fcourses|title:https%3A%2F%2Fwww.bettingexchangeacademy.com%2Fcourses|target:%20_blank|rel:nofollow”]

I would only recommend this course to those traders who have already been through the many pitfalls of trading and have started to build a solid consistency. If you have a platform you can work with and know what specific information you’d like to learn on the day from one of Betfair’s best ever traders then this course could be beneficial to you.

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Final Thoughts

I thoroughly enjoyed Peter Webb’s Trading Masterclass and it was a great session to learn lots of great knowledge from one of the best traders in the game, however just like the Horse Racing Workshop I came away feeling like it had given me everything I needed…up until a point.

As a novice trader, all the information we learned is great – but without having a nudge in the right direction about which strategies to deploy and when it is difficult to have a starting base to start devising your own strategies and style of trading. I’ve heard many others who have attended these courses comment on this too. I had hoped the ‘Trading Bible’ would answer some of my queries regarding strategies but everything said about the course applies to the book too.

Let me be clear – I am not slating the Bet Angel courses. I just feel that these courses are more suited to those with more experience than your average novice trader who would know exactly what information they need to find out. I took lots of great information and knowledge away from the day that I am sure will benefit me in the future, but I’ll still have to go some more phases of trial and error before I fully find my feet in the horse racing markets.

If you’ve been on a Learn to Trade Workshop or availed of Bet Angel’s Personal Mentoring sessions please get in touch if you’d like to review it!

Have you been on Peter Webb’s Trading Masterclass? Comment below with your thoughts on it![/vc_column_text][vc_message message_box_color=”success” icon_fontawesome=”fa fa-pencil”]Top Tips

  • Bring a notepad and make notes – there is a lot of information to take in!
  • Make sure to at least have trialled a Sports Trading Software (if you’re entirely new to these then have a look at our blog post, here) before you attend so you are familiar with the interface and some of the key indicators the course tutor is referring to. Bet Angel offer a two-week trial.
  • I wouldn’t recommend this course to anyone who is completely new to sports trading. If you haven’t already then read these three books that are perfect for beginners before booking any courses.
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  • Nice amount of course participants (6) meant we all had a chance to ask our questions and get a detailed response
  • Very informative and in-depth. Peter took the time to share his great knowledge of the markets and answer any question we had
  • Some amazing tips and insight
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  • As with the Bet Angel Horse Racing workshop we were left with no practical strategy to go away and get started with
  • I also felt that it would have been nicer if there had been more structure to the course
  • Pricey at £400 when there are better (and cheaper) courses out there
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Bet Angel Horse Racing Workshop

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Bet Angel Horse Racing Workshop Details:

[/vc_message][vc_column_text]The Bet Angel Horse Racing Workshop is a one day course held at the Bet Angel headquarters in Hook, Southampton that offers novice sports traders the chance to learn from professionals about key aspects of the Horse Racing markets.

Background Information to the Bet Angel Horse Racing Workshop

Horse Racing is a massive industry and one of the most popular sports to trade on Betfair for several factors:

  • It’s tradable on almost every day of the year (363 out of 365  days)
  • Numerous opportunities daily due to the number of races (An average of 3 meetings with 5-7 races per day)
  • Highly liquid markets (ie, lots of money flowing through them)

It is the first sport that many of those new to trading on Betfair attempt to learn because of these factors. In my opinion Horse Racing is the true art of sports trading because you’re relying mainly on technical skills to read and react to the market as it is happening live whereas with many other sports, like football, a lot of research is done beforehand and is dependent on the events that occur in the football matches.

With pre-race trading you have much more control over the outcome as it is less reliant on external factors and more your ability to read and trade the markets as you seen them.

Who Are Bet Angel and Peter Webb?

Bet Angel is a Betfair and Betdaq trading software company and was founded by Professional Sports Trader Peter Webb who has been trading on Betfair almost since the first day of its inception back in 2000. Peter’s desire to use a software application with an interface that provided information he needed to trade the markets to its full potential led him to have Bet Angel trading software created. It is one of the most popular software’s on the market and the company offer courses to aspiring professional traders to teach them how to trade the markets.

The company offers 3 types of courses: The Bet Angel Horse Racing Workshop, Peter Webb’s Trading Masterclass (you can read that review here) and the Learn to Trade Workshop. This course, the Bet Angel Horse Racing Workshop, focuses solely on the pre-race horse racing markets. The company also offers Personal Mentoring services where you can spend a one-on-one day session with one of their professional traders.

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Booking the Bet Angel Horse Racing Workshop

The Bet Angel Horse Racing Workshop was my first foray into learning trading. I had been interested in sports trading for 3 years – ever since I got into Matched Betting – and decided that in June 2016 that the time was right to start developing a new skill. Bet Angel was a company I was familiar with having watched many of their YouTube videos and so I booked myself onto the Horse Racing Workshop through their bettingexchangeacademy.com website at a cost of £240.

Pre-Course

As soon as I booked onto the Bet Angel Horse Racing Workshop I was sent an information email with the terms and conditions and a general overview of the course – it was to last from 9:15am to 6pm.

After sending an email back agreeing to the terms and conditions I was sent further details in relation to the location, directions, airports and accommodation. I always appreciate this level of detail as being from Belfast it’s an extra expense to get over and have to book a hotel, so if someone can provide me with the best option then it means the less I have to do in planning my stay!

I booked my flights into Southampton Airport and booked myself into the White Hart Hotel, Hook which I was to find out is literally a 30 second walk from the Bet Angel offices – very handy!

Outside of the White Hart Hotel, Hook
Outside of the White Hart Hotel, Hook

The Day of the Bet Angel Horse Racing Workshop

The course started promptly at 9:30 after everyone arrived and some light introductions were exchanged. We were all welcome to grab a hot drink and biscuits whilst water, a pen and a notepad were on the tables in front of us – as well as our own computer screen. There are only 6 spaces available at the Bet Angel courses and I feel this is very beneficial as everyone gets their opportunity to ask any questions whilst having them answered in as much detail as they need.

Peter Webb was around for the first hour or so and we had the opportunity to ask him some questions and gain some of his pearls of wisdom as a Professional Betfair trader of over 15 years. It was only then that I realised Peter was not the one giving the course – but one of the Bet Angel’s in-house professional traders called Dave.

Dave proceeded to give us an insight into his life as a professional trader and his thoughts on how the horse racing markets have evolved over time and what they are like to trade these days. He also offered us some helpful advice regarding bank management, protection of our Betfair accounts using 2-Step Authentication and the mindset of a professional Betfair trader. As someone who had no experience of trading at all I found this all very useful information.

Next, we moved onto talking specifically about Horse Racing trading covering topics such as which types of races which are best suited towards swing trading and which are best for scalping with some tips regarding how a horse racing trader thinks when they are in the market. These included:

  • Trust in what you are doing and have a positive outlook
  • Try to ‘wash’ your money through the markets
  • ‘Feed’, or ‘phase’, money out of the market when closing your trades
  • Look at the weak points in the market for your exit points
  • And the most important of all: Don’t join the “What If” club
[/vc_column_text][vc_message]A top tip I want to recommend to everyone who is looking to book this course – make sure you take notes throughout! There is a wealth of information on offer and you will not be able to remember half of it by the time you get home, which is not what you want when you’ve just spent £240 for the privilege…[/vc_message][vc_column_text]

After that, we discussed the more technical side of trading such as how market structure impacts the markets and whether Weight of Money is a useful indicator and how and when to know when to trust it. We also learned about how to read the other indicators such as:

  • Volume traded on the markets
  • Volume traded on each runner and what this may indicate
  • The amounts queued, waiting to be matched
  • Traded volume and the Bell Curves that form around prices
  • Volume % vs Implied %
  • Pivot points, crossover points and resistance point

We were also given a few handouts regarding the volatility of certain race types and how markets tend to react around certain odds.

We were also taught a little about recommended trading set ups and how to set up the software interface. I must stress, I never felt at any point that this course was about selling me the Bet Angel software. Of course, it is used during the training day, but it was never pushed on us that we should use the Bet Angel software.[/vc_column_text][vc_video link=”https://www.youtube.com/watch?v=HeA40bhThE8″ el_width=”80″ align=”center”][vc_column_text]After this we broke for lunch with tea and coffee where a selection of sandwiches and pastries were on offer. It was at this point Peter re-joined us and we had another chat with him and Dave together. Peter then went off to prepare for the afternoon’s racing as we resumed the course where we started to look through the afternoon’s markets. It’s worth noting that the course was held on a Monday when generally the standard of racing quality isn’t high.

Throughout we talked and discussed about the races that were in front of us and could ask Dave further questions about what we were seeing and how we should read the markets. Dave took the time to go through many of the points we had talked about in the morning sessions in greater detail and drew some visual examples on the classroom easel so we could better visualise how he saw the markets and their signals in his mind’s eye.

This information was hammered home until we knew it – which was great. If someone didn’t get it then Dave didn’t mind going through it until we all were very clear.

Lastly, we finished up with some other questions and Peter joined us again to let us know how he had got on in the day’s trading and we had another opportunity to ask him any questions we still had.

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Course Booklet

At some point throughout the day Dave handed us a course booklet that contained information we could take away with us. I have to admit, I thought it would have a lot of content on how to trade the horse racing markets but there’s only a few pages at the back which cover anything about this.

The rest of it is about market structure, odds display, the ladder interface, the use of stop losses and the difference between a scalp and a swing trade– which I would have assumed are things which most novice traders already may know. This sort of content seems like it would be more suited to Bet Angel’s ‘Learn to Trade’ course which is purely designed for beginners to get an overview of sports trading.

After Course

There was no follow up communication from Bet Angel after the day had been and gone. But as I got into my trading and began practicing it I did begin to realise one thing – as much as the information I had got from the day was great, I had no strategy to put in place when tackling the horse racing markets! I feel this a key part of the course that is missing.

I’ve read on a few forums that many professional traders feel new traders should find all of this out for themselves…but I think this is utter folly. People need a basis from which to start and whilst the information gained on the day was very useful I couldn’t help but feel there was a missing part of the jigsaw which was key aspect we hadn’t learned about. Professionals go into markets with all the information we had learned, but they have strategies which are dependent on the market type/scenario to combine them with.[/vc_column_text][vc_cta h2=”What Edge Will It Give Me?” txt_align=”center” color=”white” add_button=”bottom” btn_title=”Check Current Availability” btn_style=”3d” btn_color=”warning” btn_align=”center” btn_i_align=”right” btn_i_icon_fontawesome=”fa fa-graduation-cap” btn_add_icon=”true” css=”.vc_custom_1500745740307{border-top-width: 5px !important;border-right-width: 5px !important;border-bottom-width: 5px !important;border-left-width: 5px !important;background-color: #81d742 !important;border-left-color: #cecece !important;border-left-style: outset !important;border-right-color: #cecece !important;border-right-style: outset !important;border-top-color: #cecece !important;border-top-style: outset !important;border-bottom-color: #cecece !important;border-bottom-style: outset !important;border-radius: 5px !important;}” btn_link=”url:https%3A%2F%2Fwww.bettingexchangeacademy.com%2Fcourses|title:https%3A%2F%2Fwww.bettingexchangeacademy.com%2Fcourses|target:%20_blank|rel:nofollow”]

If you’re completely new to sports trading on Betfair then this course probably isn’t for you. However, if you’ve been attempting to trade horse racing (specifically pre-race) then this is an excellent course for learning out how the professionals truly tackle the markets.

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Final Thoughts

At the time I really did feel like I got a lot out of attending the Bet Angel Horse Racing Workshop, but hindsight is always a great thing and I realise now that whilst I learnt so much useful information there was no real practical basis from which to go home and start from.

If you’re in the early stages of your Sports Trading journey and are really intent on booking a course then my advice is that the better option is to attend Mug’s Game’s Horse Racing Workshop which is the same price at £220 and provides you with a practical strategy that any novice can get to grips with. It also comes with 8gbs of video which you and go home and watch in your own time so the strategy is imprinted on your mind. I’d say the Bet Angel course is better suited to people who have been trading for a good while, have got to grips with it and want to enhance their level of knowledge.

If you’ve been on a Learn to Trade Workshop or availed of Bet Angel’s Personal Mentoring sessions please get in touch if you’d like to review it!

Have you been on a Bet Angel course? Comment below with your thoughts on it![/vc_column_text][vc_message message_box_color=”success” icon_fontawesome=”fa fa-pencil”]Top Tips

  • Bring a notepad and make notes – there is a lot of information to take in!
  • Make sure to at least have trialled a Sports Trading Software (if you’re entirely new to these then have a look at our blog post, here) before you attend so you are familiar with the interface and some of the key indicators the course tutor is referring to. Bet Angel offer a two-week trial.
  • I wouldn’t recommend this course to anyone who is completely new to sports trading. If you haven’t already then read these three books that are perfect for beginners before booking any courses.
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  • Nice amount of course participants (6) meant we all had a chance to ask our questions and get a detailed response
  • Very informative and in-depth. The tutor was very attentive
  • Some amazing tips and insight
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  • Left with no practical strategy to go away and get started with
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