Horse Race Betting - Betfair Turning Losers Into Winners

Financial traders trade 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 achieve the same task on Betfair.

When you back or lay about the exchange a smaller green figure happens around the screen up against the horse in case you have backed it showing the amount you'll win if successful. Against the rest of the horses can be your stake money shown in red. If you might have laid the horse then the reverse happens. The red figure is next on the horse you've laid and all the other runners have your stake cash in green less the 5% commission against their names.

On Betfair it really is perfectly possible to show dozens of figures green and get yourself in the position that no matter what outcome of the race you cannot lose. There are many approaches to build a garden shed but the following is one. It works best on busy racing days like a Saturday or Bank Holiday.

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

As your day proceeds and 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 in the shorter price on an amount the will ensure win or lose you are going to profit. If you look at your screen now you'll see that each of 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 which has now fallen to six.5 for A�12 to shed 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 our win bet but get A�12 in the lay, profit A�2

You is not going to produce a fortune from this one bet but as you become more capable and sboarena can commence to see the warning signs of horses odds lengthening or shortening you might start to show a reliable profit.