And you can do it, thanks to the amazing world of on-line
bookmaker-free betting exchanges.

There's no catch!

For those of you who don't know, a betting exchange is a
Web site where anyone can enjoy anonymous online betting
against other members. You can back a horse, a player, or a
team to win. And you can accept sports betting on those
very same horses, players, or teams - just like a bookmaker.

The strategy is very simple ~

All you have to do is to accept bets at a shorter price in
your role as a 'bookmaker' than those bets you place as
a 'bettor'.

Here's how...

1. Note Prices quoted by traditional bookmakers for sports
betting events due to take place a month or more ahead. The
winners of the Wimbledon Men's and Women's Singles finals,
for instance, are good examples of the sort of events you
should target.

2. Record the Odds for a team, or player, you believe is
certain to do better than the traditional bookmakers'
pricing suggests. Be aware you're looking for odds that
are likely to shorten - that's why it's important to take
steps 1 and 3 as far ahead of the event as possible.

3. Go To an online Betting Exchange and select the longest
odds on offer for the event in question. Place your 'win'
bet as a punter.

4. Now Sit-Back and Wait. Check the online Betting Exchange
regularly. When other betting exchange punters have driven
down the price of your selection by backing it, you're
ready to strike...

5. At the Betting Exchange it's now time for you to wear
your bookmaker's hat. Offer odds for other sports betting
fans to back the team or player in question. MAKE SURE THAT ~

A. The odds you offer are LOWER than the price you accepted in step 3 as a punter AND...

B.SLIGHTLY BETTER than the current prices generally available at the betting exchange and with traditional bookmakers.

Eager sports betting punters will snap-up your offer...

Your overall position is enviable...

1. If your selection wins, you win more money as a sports
betting punter than you pay out as a bookie.

2. If it loses, you recoup your loss with the money you
keep from your sports betting exchange customers.

3. And, best of all, the betting exchange software knows
you cannot lose overall so it puts your original sports
betting stake back into your account!

How does this work in action?

Take the First Test in Brisbane, Australia vs. England,
winter 2002. The Australians are by far the best cricket
team in the world so when British bookies offered the
Aussies at 6/4 (2.5), a $50 bet wouldn't have been amiss.
That price was also available at http://www.betfair.com, the
biggest and best online sports betting exchange.

Before long, Australia's odds shortened dramatically to 1/6
(1.16). That's when you could have turned your $50 into a
can't lose sports betting investment. Playing bookie, you'd
have offered other Betfair customers the chance to back
Australia at 1/5 (1.2). Much less than the 6/4 (2.5) bet
you'd placed originally, but greater than the traditional
bookies final quote of 1/6 (1.16).

An Australia win would mean you'd pick up $75 profit as a
sports betting punter ($50 at 6/4 (2.5). But you'd have to
pay $10 plus returned stake to your Betfair customer ($50
at 1/5 (1.2). Your net total sports betting winnings: $65.

And if Australia lost? Then, of course, you'd lose your
$50 bet... but you'd also keep the $50 stake you took as a
sports betting bookmaker.

Worst case scenario?

No loss! You walk away with $50 still in your pocket...