Horse Race Betting - Betfair Turning Losers Into Winners
Financial traders trade constantly, 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 stay in. You can achieve the same task on Betfair.
When you back or lay on the exchange a little green figure pops up around the screen from the horse in case you have backed it showing simply how much you'll win if successful. Against the rest of the horses is your stake money shown in red. If you've laid the horse then this reverse happens. The red figure is next to the horse you might have laid and all of those other runners have your stake money in green less the 5% commission against their names.
On Betfair it can be quite possible to make all of the figures green and acquire yourself into the position that regardless of the results of the race you cannot lose. There are many ways to build a storage shed but this is one. It works best on busy racing days like a Saturday or Bank Holiday.
First thing inside morning search for horses that happen to be tipped heavily within the racing press. You can also embark on line towards the Racing Post internet site and look at their set of the tipster's recommendations. Pay particular attention on the naps in particular those of Pricewise and Trading Post who can be particularly influential. Horses which might be touted within the press tend to shorten in price since the race approaches if you back them early within the day to win you ought to get a great price.
As the morning continues and more people back the fancied horse the price will shorten both with the bookies and the exchange. You then lay the horse with the shorter price with an amount the need ensure win or lose you may profit. If you take a look at screen now you may see that each 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 containing now fallen 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 your win bet but get A�12 in the lay, profit A�2
You will not produce a fortune because of this one bet but as you become more experienced and can begin to spot the signs of horses odds lengthening or sbobet shortening you might set out to show a steady profit.