Horse racing tips (or other betting)

[kpac]

For this to happen, sporting bet would have to be paying much better odds than betfair! And if you can lay it for $6.50, than they would only be paying less again.

I too saw that as a pretty optimistic example. Realistically hedging bets is a good theory, but i dont think numerous accounts is the way to do it.... Betfair alone is good for it, but hedging the nags is hard work for anything more than pocket change. Hedging bets over a season or to save a multi is the way forward though.

typical kpac.
Have a $100 multi over 5 legs, (stand to win 1k)
4 have done the job - just waiting on the last at $2.5
get on the others at $100 @ 1.33

This was, best case scenario you pocket $1k - $100
Worst case you get your $100 and interest.

HOWEVER as a rule of thumb
The more you hedge, the safer you bet, the less you win.
The less you hedge, the riskier the bet, the more you stand to profit but the more you lose.