Horse Race Betting - Betfair Turning Losers Into Winners

Financial traders trade on a regular basis, they take risks but they are skilled at "protecting their position". In non technical term covering options, heads they win, sboarena tails they win. It is a great position to be. You can reach the same on Betfair.

When you back or lay around the exchange a small green figure pops up on the screen from the horse if you have backed it showing the amount you may win if successful. Against the rest of the horses will be your stake money shown in red. If you have laid the horse then your reverse happens. The red figure is next towards the horse you have laid and all of those other runners have your stake profit green less the 5% commission against their names.

On Betfair it really is perfectly possible to change dozens of figures green and obtain yourself in to the position that no matter what upshot of the race you are unable to lose. There are many approaches to go about this but the following is one. It works best on busy racing days say for example a Saturday or Bank Holiday.

First thing inside morning look for horses which can be tipped heavily in the racing press. You can also go on line for the Racing Post site and look at their set of the tipster's recommendations. Pay particular attention for the naps specially those of Pricewise and Trading Post who are able to be particularly influential. Horses which can be touted in the press tend to shorten in price because the race approaches so if you back them early inside day to win you need to get a fantastic price.

As your day continues on and more people back the fancied horse the cost will shorten both using the bookies and also the exchange. You then lay the horse at the shorter price to have an amount the desire ensure win or lose you may profit. If you look at your screen now you are going to see that all the small figures are green.

Let me give you a sample at 9 am we back Dead Cert for A�10 at 10.0 to win A�90

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

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

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

You will not produce a fortune using this one bet but as you become more experienced and may begin to find the indications of horses odds lengthening or shortening you may commence to show a reliable profit.