Horse Race Betting - Betfair Turning Losers Into Winners
Financial traders trade all the time, 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 stay in. You can reach the same task on Betfair.
When you back or lay on the exchange a tiny green figure arises around the screen against the horse when you have backed it showing just how much you'll win if successful. Against all the other horses is your stake money shown in red. If you might have laid the horse then this reverse happens. The red figure is next for the horse you might have laid and other runners have your stake cash in green less the 5% commission against their names.
On Betfair it is quite possible to change those figures green and get yourself in the position that no matter the outcome of the race you cannot lose. There are many approaches 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 in the morning look for horses that happen to be tipped heavily inside racing press. You can also continue line on the Racing Post web site and look at their report on the tipster's recommendations. Pay particular attention for the naps specially those of Pricewise and Trading Post who are able to be particularly influential. Horses which might be touted inside the press have a tendency to shorten in price as the race approaches so if you back them early inside day to win you ought to get an excellent price.
As the afternoon continues and more people back the fancied horse the price will shorten both using the bookies along with the exchange. You then lay the horse with the shorter price on an amount the need ensure win or lose you'll profit. If you take a look at screen now you are going to see that each of the small figures are green.
Let me offer you 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 in order to six.5 for A�12 to lose 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 my win bet but get A�12 from the lay, profit A�2
You will not likely make a fortune from this one bet but as you become more skillful and sbobet can set out to find the signs of horses odds lengthening or shortening you may start to show a comfortable profit.