Horse Race Betting - Betfair Turning Losers Into Winners

Financial traders trade continuously, they take risks but they are skilled at "protecting their position". In non technical term covering options, heads they win, tails they win. It is a great position to stay. You can get the ditto on Betfair.

When you back or lay on the exchange a tiny green figure happens for the screen up against the horse for those who have backed it showing how much you'll win if successful. Against the rest of the horses is the stake money shown in red. If you've laid the horse then this reverse happens. The red figure is next towards the horse you have laid and other runners have your stake profit green less the 5% commission against their names.

On Betfair it can be fairly simple to make dozens of figures green and have yourself in to the position that whatever the results of the race you are unable to lose. There are many ways to build a shed but here's one. It works best on busy racing days for instance a Saturday or Bank Holiday.

First thing within the morning look for horses which are tipped heavily within the racing press. You can also go on line for the Racing Post internet site and look at their listing of the tipster's recommendations. Pay particular attention on the naps specially those of Pricewise and Trading Post who is able to be particularly influential. Horses that are touted inside press often shorten in price as the race approaches if you decide to back them early within the day to win you have access to a good price.

As the morning goes on and more people back the fancied horse the purchase price will shorten both using the bookies along with the exchange. You then lay the horse at the shorter price for an amount the desire ensure win or sboarena lose you may profit. If you research your screen now you'll see that every one of the small figures are green.

Let me provide you with a good example at 9 am we back Dead Cert for A�10 at 10.0 to win A�90

At 2 pm we lay Dead Cert which has now fallen in order to six.5 for A�12 to get rid of A�66

If Dead Cert wins we make A�90 - A�66 (we shell out on the lay bet) profit A�24

If Dead Cert loses we lose A�10 from my win bet but get A�12 in the lay, profit A�2

You is not going to come up with a fortune because of this one bet but as you become more skillful and may set out to spot the warning signs of horses odds lengthening or shortening you can commence to show a steady profit.