๐ The Scoop
Trading, for the inexperienced, is where a punter backs a horse at high odds, before later laying the same horse at lower odds, or vice versa, in order to guarantee a profit. For example, you have $10 on a soft-ground specialist in the ante-post markets for a big race at 20.00. After a few days of persistent rain, the horseโs odds shorten to 10.00. You lay the same horse for $20.If the horse wins, you pick up $190 profit on your back bet, but pay out $180 on your lay bet, for an overall profit of $10. If the horse loses, you lose your $10 back stake, but win the $20 you laid, again for a $10 overall profit. Itโs the betting worldโs version of merchantsโ attempts to buy-low and sell-high.
Genre: Sports & Recreation / Horse Racing (fancy, right?)
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