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Hedging
Hedging with ExPort is the art of placing a Back bet at higher odds than a Lay bet on the same selection. The shortest two or three odds in a market are generally the best to concentrate on as they are more volatile (susceptible to more rapid swings) due to greater liquidity in those markets.
Example 1 - In a rising market (MS% figures Pink)
Let's say, in a rising market (Pink figures on the MS% indicator) you place a £100 Lay bet that a horse will lose a race at odds of 4. A minute or two later you place a Back bet (counter-bet) for £80 (that the horse will win the race) at current Back odds of 5. If the horse wins or loses the race you make the same profit either way as shown in Fig. 1 below
If the horse wins the race
Losing Lay bet = (Lay odds-1) x stake = (4-1) x £100 = -£300 loss
Winning Back bet = (Back odds-1) x stake = (5-1) x £80 = £320 gain
Profit if horse wins = £20
If the horse loses the race
Winning Lay bet = stake x 1 = £100 x 1 = £100 gain
Losing Back bet = stake x 1 = £80 x 1 = £80 loss
Profit if horse loses = £20
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