Originally Posted by worldfree:
“How so? If you bet on them to win and they come third,although exceeding expectations, you still lose”
Not if you lay it off on Betfair or a similar site.
Betfair allows you to act 'as the bookie' so to speak. So you can bet on them at 50/1 and once they are down to say 10/1 you can offer people those odds and thus make it a no lose bet. You can make lots of money doing this.