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Sunday, 07 July 2013

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@Svenkrone On the exchanges you can make lay bets. At the bookies you can’t lay a bet. So exchange betting is like trading any time limited commodity. You buy (back) something you think will go up in value, or you sell (lay) something you think will go down. You back something you think you do well and the trade out by laying it, taking the profit. Any trading is chance. It is not sheer chance because you research the subject, game, race or whatever to improve your chances of getting it right.
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