Horse Race Betting - Betfair Turning Losers Into Winners
Financial traders buy and sell on a regular basis, they take risks but 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 get the same thing on Betfair.
When you back or lay around the exchange a little green figure comes up for the screen up against the horse when you have backed it showing just how much you are going to win if successful. Against the rest of the horses is your stake money shown in red. If you've laid the horse then the reverse happens. The red figure is next towards the horse you have laid and all of those other runners have your stake cash in green less the 5% commission against their names.
On Betfair it's quite possible to show all of the figures green and get yourself in to the position that no matter the results of the race you can't lose. There are many ways to go about this but this is one. It works best on busy racing days such as a Saturday or Bank Holiday.
First thing inside morning try to find horses which are tipped heavily in the racing press. You can also embark on line towards the Racing Post web site and look at their list of the tipster's recommendations. Pay particular attention for the naps especially those of Pricewise and sbobet Trading Post that can be particularly influential. Horses which can be touted inside the press have a tendency to shorten in price because race approaches when you back them early inside the day to win you ought to get an excellent price.
As the morning proceeds and more people back the fancied horse the cost will shorten both while using bookies and the exchange. You then lay the horse with the shorter price on an amount the desire ensure win or lose you will profit. If you look at your screen now you are going to see that every one of the small figures are green.
Let me give 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 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 pay out about the lay bet) profit A�24
If Dead Cert loses we lose A�10 from the win bet but get A�12 from the lay, profit A�2
You will not likely create a fortune using this one bet but as you become more experienced which enable it to start to find the signs of horses odds lengthening or shortening you can set out to show a steady profit.