Markets change in any number of ways. Punters on sports can take advantage of those, in an AFL game at the MCG or Test cricket match in Sydney or the Super Bowl. They can be before the match starts or within play.
Opening markets at the races often possess errors in the form of runners opening up at far greater odds than what you expected them to be offering. They might have barrier trialled and not been noticed well enough.
Saturday markets which are put up on a Wednesday afternoon may open a runner up at $12.00 but you’ve assessed it at $6.00. Most would take the $12.00 and let the bet ride.
However you can also take the $12.00 and guarantee a profit by laying back the horse (or team) on Betfair at a shorter price as the event approaches.
The more your selection firms, the more money you can potentially make by laying the runner back on Betfair.
As an example, place $250.00 on the runner to win at $12… 12 x 250.00 = $3,000.00.
Ideally, you are spot on making the assessment your $12.00 chance will shorten and become a $6.00 chance.
By laying it on Betfair at $6.00, you can ensure yourself a profit of $224.75 regardless of where the horse finishes.
