Horse Race Betting - Betfair Turning Losers Into Winners

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

When you back or lay about the exchange a small green figure arises for sboarena the screen against the horse in case you have backed it showing the amount you may win if successful. Against the rest of the horses is your stake money shown in red. If you have 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 perfectly possible to make dozens of figures green and obtain yourself to the position that whatever the outcome of the race you cannot lose. There are many solutions to build a shed but here's one. It works best on busy racing days such as a Saturday or Bank Holiday.

First thing in the morning look for horses which are tipped heavily within the racing press. You can also carry on line towards the Racing Post internet site and look at their set of the tipster's recommendations. Pay particular attention on the naps especially those of Pricewise and Trading Post that can be particularly influential. Horses which can be touted inside the press often shorten in price since the race approaches when you back them early in the day to win you ought to get a great price.

As the morning continues and more people back the fancied horse the purchase price will shorten both using the bookies as well as the exchange. You then lay the horse with the shorter price for an amount the will ensure win or lose you are going to profit. If you research your screen now you will see that all of the small figures are green.

Let me offer you an 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 that has now fallen to 6.5 for A�12 to get rid of A�66

If Dead Cert wins we make A�90 - A�66 (we spend around 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 make a fortune because of this one bet but as you become more skillful and can begin to see the signs of horses odds lengthening or shortening you could commence to show a stable profit.