betplom
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Advantages Of Using Exchanges
Trading Example
You bet 10 on a horse in an ante post market at 66/1 knowing it is a very likely runner. Lets call this bet A.
Weeks or even months later when other more fancied rivals have been ruled out of the race the horse is now trading at 10/1.
Currently your situation is you get 660 profit if the horse wins, and 10 loss if the horse loses.
Lets say you decide to lay the horse at 10/1 for 50. Call this Bet B
Now if the horse wins
=> Bet A wins 660
=> Bet B loses 500
=> You win 160
But if the horse loses
=> Bet A loses 10
=> Bet B wins 50
=> You win 40
By adjusting the stake of the second bet you can adjust your possible returns in each situation. Obvioulsy you win less on the winner this way, but you can gurantee a profit which is often useful.
This is known as 'greening out' as all of the potential wins on each horse will be shown in green, indicating that outcome is profitable.
http://www.olbg.com/school/laying_intro.php
Trading Example
You bet 10 on a horse in an ante post market at 66/1 knowing it is a very likely runner. Lets call this bet A.
Weeks or even months later when other more fancied rivals have been ruled out of the race the horse is now trading at 10/1.
Currently your situation is you get 660 profit if the horse wins, and 10 loss if the horse loses.
Lets say you decide to lay the horse at 10/1 for 50. Call this Bet B
Now if the horse wins
=> Bet A wins 660
=> Bet B loses 500
=> You win 160
But if the horse loses
=> Bet A loses 10
=> Bet B wins 50
=> You win 40
By adjusting the stake of the second bet you can adjust your possible returns in each situation. Obvioulsy you win less on the winner this way, but you can gurantee a profit which is often useful.
This is known as 'greening out' as all of the potential wins on each horse will be shown in green, indicating that outcome is profitable.
http://www.olbg.com/school/laying_intro.php
