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Anybody know how to apply hedge fund strategy on betfair especially on the soccer and horse racing.
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1 Comment to 'How to apply hedge fund strategy on betfair?'
condaMarch 31, 2010
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.
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