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Now that's traditionally known as a 'back to lay' proposition. It's essentially a free bet, because worst case scenario you will square up, if the horse wins you make a small profit. However, you can stake so you back it for $100 @ 5.00 and then LAY it for $105 at 4.60. So in this case: Horse A wins: Collect $500 from bookie, payout $483 on ... Can You Make A Living Betting On Sports? - cheekypunter.com
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