Horse Race Betting - Betfair Turning Losers Into Winners

Financial traders buy and sell on a regular basis, 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 be. You can achieve the ditto on Betfair.

When you back or lay for the exchange a tiny green figure arises around the screen from the horse if you have backed it showing simply how much you'll win if successful. Against other horses can be your stake money shown in red. If you've got laid the horse then a reverse happens. The red figure is next to the horse you have laid and other runners have your stake money in green less the 5% commission against their names.

On Betfair it's quite possible to change those figures green and acquire yourself in the position that whatever the outcome of the race you can't lose. There are many approaches to build a garden shed but here's one. It works best on busy racing days such as a Saturday or Bank Holiday.

First thing within the morning search for horses which can be tipped heavily inside the racing press. You can also continue line on the Racing Post site and look at their list of the tipster's recommendations. Pay particular attention for the naps particularly those of Pricewise and Trading Post who can be particularly influential. Horses which can be touted within the press tend to shorten in price because race approaches so if you back them early in the day to win you have access to a fantastic price.

As the day goes on and more people back the fancied horse the retail price will shorten both with the bookies and the exchange. You then lay the horse in the shorter price with an amount the need ensure win or lose you'll profit. If you look at your screen now you'll see that all of the small figures are green.

Let me offer 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 6.5 for sboarena A�12 to lose A�66

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

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

You is not going to make a fortune out of this one bet but as you become more knowledgeable and may start to spot the signs of horses odds lengthening or shortening you might begin to show a reliable profit.