Do not use paid for tips on the internet or anywhere else for that matter The whole point of creating your own Betfair "business" is that you have to learn to read the racing and spot the "value" yourself

My experiences on the betting exchanges have resulted in several long considered opinions The only methods that guarantee long term success are techniques that involve trading, dutching and bookmaking

What is Lay to Lose: Ultimately trading horse races on Betfair is a direct result of the exchanges providing the facility for a new kind of bet, namely the ability to back the loser or losers of any given sport or event as oppose to attempting to find the winner In terms of horse racing, this facility is known as "laying" a horse to lose

As an example let us assume that our chosen favourite is running in a Novice Hurdle at Kempton and is currently at 3/1 to win on course Betfair has championed the use of decimal odds in order to enable the market trading style interface that adds so much to its appeal

Regardless of platform, all traders will be faced with a series of tough questions, mental debates and challenges on a daily basis Here are four important questions, one of which will be in any traders head at any given time

Laying: A lot of new customers to Betfair are attracted by the prospect of a new style of bet; namely, “Laying”, which is being allowed to back the loser of your chosen sport or event In relation to horse racing, this is known as “Laying” a horse i

Lets start with a close examination of some official statistics relating to Betfair 1

Whether your market is stocks and shares, horse racing, greyhounds or football, as traders we all share a subset of personality traits that enable us to be successful The unfortunate reality is that not everyone has the personality make-up required to be successful in this career

Regardless of platform, all traders will be faced with a series of tough questions, mental debates and challenges on a daily basis Here are four important questions, one of which will be in any traders head at any given time

In any form of financial trading there are two terms which you will first need to fully understand before proceeding to the next stage The fundamentals of any trading system are the same whether it be stocks and shares, bonds, forex, spread betting or of course the betting exchanges