Horse Race Betting - Betfair Turning Losers Into Winners

Financial traders buy and sell continuously, they take risks but you 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 attain the ditto on Betfair.

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

On Betfair it really is perfectly possible to turn all of the figures green and get yourself into the position that no matter the upshot of the race you are unable to lose. There are many methods to build a storage shed but the following is one. It works best on busy racing days like a Saturday or Bank Holiday.

First thing within the morning try to find horses that are tipped heavily inside the racing press. You can also carry on line on the Racing Post site and look at their list of the tipster's recommendations. Pay particular attention to the naps particularly those of Pricewise and Trading Post that can be particularly influential. Horses which might be touted within the press have a tendency to shorten in price because the race approaches when you back them early within the day to win you need to get a fantastic price.

As the day continues on and sboarena 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 at the shorter price to have an amount the need ensure win or lose you'll profit. If you research your screen now you may see that all the small figures are green.

Let me present you with 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 which has now fallen to six.5 for A�12 to reduce A�66

If Dead Cert wins we make A�90 - A�66 (we fork 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 won't come up with a fortune from this one bet but as you become more experienced and will start to spot the warning signs of horses odds lengthening or shortening you may start to show a comfortable profit.