Horse Race Betting - Betfair Turning Losers Into Winners

Financial traders buy and sboarena sell constantly, 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. You can get the same thing on Betfair.

When you back or lay around the exchange a smaller green figure happens around the screen against the horse in case you have backed it showing simply how much you will win if successful. Against other horses is your stake money shown in red. If you've laid the horse then this reverse happens. The red figure is next on the horse you might have laid and all the other runners have your stake profit green less the 5% commission against their names.

On Betfair it is quite possible to make all of the figures green and get yourself in to the position that regardless of the upshot of the race you can not lose. There are many solutions to build a storage shed but the following is one. It works best on busy racing days such as a Saturday or Bank Holiday.

First thing within the morning seek out horses that happen to be tipped heavily inside the racing press. You can also carry on line to the Racing Post web page and look at their set of the tipster's recommendations. Pay particular attention for the naps in particular those of Pricewise and Trading Post who are able to be particularly influential. Horses that are touted within the press tend to shorten in price because the race approaches if you decide to back them early within the day to win you have access to a good price.

As the afternoon goes on and more people back the fancied horse the purchase price will shorten both with the bookies and also the exchange. You then lay the horse in the shorter price to have an amount the desire ensure win or lose you are going to profit. If you look at your screen now you will see that every one of the small figures are green.

Let me offer 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 shed A�66

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

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

You will not likely make a fortune out of this one bet but as you become more skillful and may set out to spot the indications of horses odds lengthening or shortening you could commence to show a comfortable profit.