Perhaps you are wondering whether it is possible to get a risk free profit from betting on horse racing using a horse betting strategy. In simple terms, this is not at all impossible. But, first of all, you need to understand what “risk free” or “risk free profit” actually means.
Firstly, the term “risk free profit” is predicated on the belief that betting, in itself, can be used to generate a risk free profit for the bettor. However, I stress that the term “risk free” or “risk free profit” is combined with the fallacy of Equivalence. Let me explain.
Essentially, Equivalence is the fallacy that the results of two dice being thrown (or basketball shots being made, etc.) arezonened equal. Therefore, if I were to compare two casino dice, and roll a 1 and 2, I can be said to have equivalent odds of 1:1 or 2:1. In other words, I can have double the money I risk, or double the chance of losing, if I replace the 1 and 2 with their equivalent odds: 1:1 and 2:1.
In theory, it sounds intuitively true that if I replace the 1 and 2 with their true odds, then I will have a risk free profit. In reality, of course, the odds are not true; they are only implied odds. As long as I bet on red at the Bookmakers, there is no chance of me losing twice in a row, so there is no risk.
However, I can be holding out a great deal of money, in which case I would not be tempted to do as the Casino does. I would be more inclined to bet on black, as the Bookmakers has to offer me a price that is sufficient to offset the risk of four possible outcomes (winning, losing, winning, losing)
Now, if I replace the 1 and 2 with their true odds, in addition to the advantageous situation in which I am toying, there is a chance that I take the loss and break even, Therefore, I am in a position whereby I am guaranteed a profit by betting on red at the Bookmakers. In all events, the Bookmakers is a counterparty to our deal; we could say that the Bookmakers is the other gambler in our counterparty relationship.
Nevertheless, there will always be edge which we can bet on red at the Bookmakers, or any other betting exchange, the outcome of which is our dependent variable. In order to do this with a trading firm, we will have to have a lot of knowledge of the Market, in which we are to bet as far as the disposition of the price is concerned.
Moreover, if after we perfect our knowledge of the market and its price, we still do not like it, it is possible to sell our knowledge for money back to the bookmakers. This sells our knowledge for money to those who are prepared to pay for it in full and who are ready to discard it. Ultimately,ETS react to changes in the market by means of a Betting Exchange, just asdaq react to changes in the stock market by means of a trading platform.
ETS gamingEAnerCOptions=oneCoefficient. Whereas, the odds given by the Bookmakers are given in several forms, including fractional, decimal, moneyline and parlay. fractional odds are suited for betting on competitions and sports that do not have whenever length of gameplay. For instance, soccer matches have a one-minute injury period. In such events, fractional odds given by the bookmakers are more apt to be applicable.
Fractional odds given by the bookmakers that are used in the betting exchange are more suited to bets that cover betting on a competition or a game. The odds given by the bookmakers are often fixed and are dependent on the amount of money that the bookmaker has in his possession.