Backing or Laying will in most cases result in a loss in the long term. This is why many people hates Gambling and think that it is a mug game; something that will always make you a loser. There are right to some extent.
There is what is called the Murphy’s Law.
According to the Wikipedia
“Murphy’s law is an adage or epigram that is typically stated as: Anything that can go wrong, will go wrong”
In any speculative venture, you are bound to have a time when the results just seem to go against you no matter what you do or how hard you try. It is the period when you are said to be having a loosing run. This is what happens when you are either Backing or Laying at the exchange or just Backing at the Bookies.
Long term, the Bookies have been smiling to the bank at the expense of people’s savings. This is why they say that there is no poor Bookmaker. Now thanks to the internet and the advent of the Betting exchange you too can become a Bookmaker without the hassle of owning a bookmaking company.
So how do you make a consistent income at Betfair or any of the betting Exchange? The only way is by TRADING!
When you trade, you eliminate the Murphy’s Law.
Sport Trading is the only way you can make a persistent profit long term at Sport betting or at any of the speculative activities. So that takes us to the question what is Sport Trading? This is the topic of our next post which you can find by doing a search here.
Be glad that you read about or heard the term Sport Trading in this Blog because this can change your life going forward. What you need is knowledge. Invest in acquiring knowledge!