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You may or may not have heard of the word "trading" in a betting context, don't worry because most people haven't. Nor do they associate the term "trader" with betting either. People are familiar with “traders” in the Stock Market, but a “betting trader” is also an individual who takes advantage of price differences in betting markets and in particular, differences in prices on the betting exchanges. It is difficult for non traders and people who are unaware of the mechanics of betting to comprehend just how a punter can secure a risk free bet. But achieve it they can and I am going to show you just how right here. In the risk free bet, you will in fact be betting TWICE. One of the golden rules of betting is that once you have placed a bet, you can reduce your liabilities by placing more bets. If you were to wager £100 on the toss of a coin by going for heads, if you then wanted to get out of the bet, your only option would be to put another £100 on tails thus eliminating all risk this way. The ever fluctuating prices in horse racing markets means that we can not only eliminate our liabilities but we can also create profitable trades to nothing when the price moves in a certain direction. Let's say that you wanted to back "Bobby's Filly" in the 2.00 at Haydock and this horse was priced up at 25.0 on the exchanges (24/1). Let us also say that you placed £10 on the horse to win thus returning £250 if the horse wins but losing £10 should it lose. As events start to unfold the price of Bobby's Filly falls from 25.0 to 10.0 on the back side and 11.0 on the lay side. Going in the opposite direction and laying the mount to the same £10 stake at 11.0 (10/1) would incur a £100 loss should the horse win. What you have now done is to achieve a bet to nothing. If the horse wins then you will win £240 less the £100 that you stand to lose when you laid the horse at 11.0. This results in a £140 win should the horse prevail. If the horse loses then your £10 bet to win will be lost but that will be compensated by the £10 that you will recover when you laid the horse at 11.0 to lose. Thus, you stand to win £140 should the horse win and break even if it loses.....not bad work if you can get it. You can actually achieve a win in either direction by carefully staking your money but that will be discussed in the future as it involves slightly more complexity. Be on the lookout for risk free bets because they are without doubt...the best bets of all!
Article Source: http://www.horseracingarticles.co.uk
For a further insight into trading on the betting exchanges, and absolutely the best software tool to help you make profits every day, visit Bet Angel and watch some of the training videos. Interested in Laying Horses - The Psychic Way? Find out more about this Psychic Layer, visit Psycho's Tips - they have been proofed in a large forum for the past year!
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