Losing runs can quickly decimate a betting bank to the point where it is difficult, if not impossible, to recover the losses without an outrageous run of good luck.  Losing runs can occur at any time and without any warning whatsoever.  In my opinion, it is foolhardy to remain ignorant of the existence of losing runs.  Anyone who does so is courting with danger.

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By laying a selection to lose for 3 units at odds of 10.5 and then backing the selection to win for 2 units at odds of 11.5, we have, in effect, layed a selection to lose at odds of 8.5 that was trading at 11.5.  In effect, a selection has been layed to lose at odds much less than those at which they were trading on the betting exchange. 

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My grandmother was a clairvoyant and my grandfather was able to divine for water. I therefore made the assumption that I may have inherited some of their gifts.  As a result, I tried selecting losing horses using my psychic abilities alone.  Although my success rate wasn’t great, it wasn’t nearly as bad as I had expected it be.

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Learn how to create risk free bets by using Betfair Betting Exchange and a traditional online Bookmaker. If you can structure your bet correctly, you will be able to walk away from a race in profit, irrespective of the horse winning or losing. This series of tutorials will teach you how. At the end of the tutorial you will find a downloadable Arbitrage Spreadsheet for use when finding your own Arbitrages. This will enable you to do the quick calculations involved.