Horse Race Betting - Betfair Turning Losers Into Winners

Financial traders buy and sell on a regular basis, 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. You can reach the same on Betfair.

When you back or lay around the exchange a smaller green figure comes up about the screen from the horse when you have backed it showing just how much you will win if successful. Against all of those other horses can be your stake money shown in red. If you've laid the horse then a reverse happens. The red figure is next to the horse you might have laid and the rest of the runners have your stake profit green less the 5% commission against their names.

On Betfair it can be quite possible to make all those figures green and acquire yourself in to the position that regardless of the outcome of the race you cannot lose. There are many methods to build a shed but here is one. It works best on busy racing days say for example a Saturday or Bank Holiday.

First thing in the morning seek out horses that happen to be tipped heavily in the racing press. You can also carry on line on the Racing Post site and look at their listing of the tipster's recommendations. Pay particular attention for the naps especially those of Pricewise and sboarena Trading Post who can be particularly influential. Horses which might be touted in the press have a tendency to shorten in price because race approaches if you back them early within the day to win you should get a great price.

As the day continues on and more people back the fancied horse the price will shorten both using the bookies and the exchange. You then lay the horse at the shorter price with an amount the will ensure win or lose you may profit. If you look at your screen now you may see that every one of the small figures are green.

Let me offer you an illustration 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 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 around the lay bet) profit A�24

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

You will not likely create a fortune out of this one bet but as you become more skillful which enable it to begin to spot the signs and symptoms of horses odds lengthening or shortening you may commence to show a steady profit.