Heads I win, tails you lose!

20 July 2006

Issue: 4067 / Categories: Forum & Feedback

My client makes a regular, almost risk free, profit from the new phenomenon of online betting exchanges. These exchanges mean that users can bet on an outcome in the normal manner, winning a multiple of their stake if they correctly predict a winning outcome, based on the odds provided. They would of course lose their stake if they are wrong.

My client makes a regular almost risk free profit from the new phenomenon of online betting exchanges. These exchanges mean that users can bet on an outcome in the normal manner winning a multiple of their stake if they correctly predict a winning outcome based on the odds provided. They would of course lose their stake if they are wrong.
However the exchanges also enable users to bet against an outcome in other words 'lay' a bet in much the same way as a bookmaker operates. So they would win if the selection loses but lose a multiple of the stake if it wins depending on the odds offered.
The ability to bet both for or against an outcome means that in the right conditions and by clever staking it is possible to bet both ways and be guaranteed to profit whatever happens....

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