You Don't have to be a Harvard Grad or have an MBA to be a successful trader! This is your opportunity to outsmart the "smart money"!
"If you aren't making at least $500-$1500 per day...you're doing something wrong"
Find a horse that you think will drop in price. Say it is paying $8 then back it for 100. WHen it drops to say $5 lay it for 150. If it wins then you collect 800 from your first bet but fork out 750 for the 2nd (profit $50).
If it loses then you collect the 150 but lose your 100 bet (profit $50).
The trick is to back them high and lay them low.