Horse Race Betting - Betfair Turning Losers Into Winners

Financial traders buy and sell all the time, they take risks but are skilled at "protecting their position". In non technical term covering options, heads they win, tails they win. It is a great position to be in. You can attain the same thing on Betfair.

When you back or lay about the exchange a little green figure arises for the screen from the horse for those who have backed it showing just how much you'll win if successful. Against other horses can be your stake money shown in red. If you might have laid the horse then a reverse happens. The red figure is next to the horse you've got laid and sbobet other runners have your stake money in green less the 5% commission against their names.

On Betfair it's fairly simple to show all those figures green and obtain yourself into the position that no matter what outcome of the race you can't lose. There are many ways 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 the morning look for horses that are tipped heavily inside racing press. You can also embark on line to the Racing Post internet site and look at their report on the tipster's recommendations. Pay particular attention for the naps in particular those of Pricewise and Trading Post that can be particularly influential. Horses which are touted within the press usually shorten in price because the race approaches if you decide to back them early inside day to win you should get an excellent price.

As the afternoon proceeds and more people back the fancied horse the purchase price will shorten both with the bookies as well as the exchange. You then lay the horse with the shorter price for an amount the desire ensure win or lose you may profit. If you review your screen now you'll see that all of the small figures are green.

Let me offer you 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 containing now fallen to six.5 for A�12 to lose A�66

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

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

You won't come up with a fortune out of this one bet but as you become more experienced which enable it to begin to spot the signs of horses odds lengthening or shortening you may set out to show a steady profit.