Horse Race Betting - Betfair Turning Losers Into Winners

Financial traders trade continuously, sboarena 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 stay in. You can attain the same task on Betfair.

When you back or lay on the exchange a tiny green figure comes up for the screen from the horse when you have backed it showing just how much you may win if successful. Against other horses is 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 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 those figures green and have yourself in to the position that regardless of the outcome of the race you are unable to lose. There are many methods to build a storage shed but this is one. It works best on busy racing days for instance a Saturday or Bank Holiday.

First thing within the morning try to find horses which are tipped heavily inside the racing press. You can also carry on line to the Racing Post web site and look at their listing of the tipster's recommendations. Pay particular attention towards the naps in particular those of Pricewise and Trading Post who are able to 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 in the day to win you should get a fantastic price.

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

Let me give you an 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 6.5 for A�12 to get rid of A�66

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

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

You is not going to make a fortune because of this one bet but as you become more skillful and will start to find the warning signs of horses odds lengthening or shortening you can begin to show a stable profit.