Horse Race Betting - Betfair Turning Losers Into Winners

Financial traders buy and sell all the time, they take risks however 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 achieve the same thing on Betfair.

When you back or lay for the exchange a tiny green figure arises on the screen up against the horse when you have backed it showing simply how much you may win if successful. Against all of those other horses is your stake money shown in red. If you've laid the horse then the reverse happens. The red figure is next to the horse you might 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 fairly simple to change dozens of figures green and sboarena have yourself in to the position that no matter the upshot of the race you can't lose. There are many solutions to build a storage shed but here's one. It works best on busy racing days for instance a Saturday or Bank Holiday.

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

As the morning continues on and more people back the fancied horse the purchase price will shorten both while using bookies as well as the exchange. You then lay the horse at the shorter price with an amount the need ensure win or lose you may profit. If you take a look at screen now you are going to see that all the small figures are green.

Let me give 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 that has now fallen in order to six.5 for A�12 to reduce A�66

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

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

You will not create a fortune from this one bet but as you become more knowledgeable and may start to find the signs and symptoms of horses odds lengthening or shortening you can set out to show a comfortable profit.