That is what I would win if this horse wins and if it doesn't, I lose
nothing! A free bet. liquidity. If it wins I win £200 and get my stake
back. Trading sports online can be a very profitable pastime and as more and more
people get involved that means just one thing... Just watch any in-play tennis match and
see how the odds move. There are even markets for financials and politics.In-play betting and
the ability to place "lay" bets have revolutionized our ability to profit from these markets
(for those not in the know a lay bet is betting that an event will
not occur ie a horse will not win a race). That's 3.00 in decimal odds.
As soon as you fail to Zapatillas Puma close a trade that has gone against you you
are no longer trading but gambling. With the invention of the betting exchange and the
rise and rise of the main one, Betfair, there is increasingly more money being traded
on sporting events.From horse racing to tennis and football to greyhound racing there are many
markets to choose from and specialize in. It is the same as business all over
the world, you buy a product at one price and you sell it at another,
the difference between the two being your net profit.An example is I back a horse
at 2/1 for £100. I then lay it for £100 and if the horse wins
I have to pay out £150. This is where the difference between 925 silver traders and gamblers
comes in. Before the start of the race the odds come down to 6/4 or
2.50. The difference between my back winnings and my lay liability is £50. Making sense
of these patterns and developing successful strategies to make regular profit is the holy grail
for many people.The basic theory behind all this is that you need to back at
a higher price than you lay. A gambler takes risks in order to possibly achieve
a profit. A trader is happy to take a series of small losses safe in
the knowledge that the wins will outweigh the losses.There are many and varied approaches to
trading but the most important thing is discipline. The really neat trick is to "hedge"
your winnings out so you win the same amount no matter which horse wins. In
the above example I could lay the horse for £120 guaranteeing me a £20 profit.The
obvious problem is what happens if the odds rise? You're left with a bet you
can't sell or get rid of without losing at least some of your stake. Sure,
you might get away with it but when it goes wrong you will certainly lose
a lot more than you bargained for.The best way to focus your mind and prevent
the gambling tendency arising is to work to strict strategies with defined entry and exit
points.If you are interested in finding out more and want some free strategies for trading
sports then go to my website at www.wotworks.com [http://www.wotworks.com/tradesports/ts2].
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