Backing on Betfair.com?

Question

If for example i back a horse 2 minutes before the off and the odds are 3.1 and just before the end of the race the odds drop to something like 1.8 does this affect my profit?

Answer 1

YES

you get the odds when the horse comes out the gate with a jockey on his back

Answer 2

yes..

Answer 3

yes it does,,alot of people wait till the last minute to place there bet