Since the launch of betting exchanges, especially Betfair the online gambling market has undergone a tremendous growth. . The exchanges have introduced new forms of gambling such as laying to lose and in play betting which were not possible before.

Obviously the exchanges were not popular with the book making fraternity who saw betting exchanges as unfair competition. However, punters embraced the opportunity and now everyday they use the exchanges to bet on world wide sporting events.

This has allowed Far Eastern punters to place live bets on racing and football in the UK and Europeans to wager on US racing. It has been maintained that the Internet has shrunken the world and that is more than true in the world of Gambling. The one country that does not seem to have benefited from the growth of the exchanges is the USA who has by law banned US residents from using sites such as Betfair.

Betting exchanges act as go betweens for gamblers who hold opposing views. For instance if you think a certain horse will a race and another person thinks it will not you can strike up a bet between you. This is an over simplification as thousands of punters are backing horses to win and laying horses to lose every minute but it is the basic idea.

The opportunity to make a bet that a horse would not win a race opened up great possibilities. After all in a 10 runner race only one horse could win but 9 would lose. Surely it must be easier to pick a loser rather than a winner. Many punters manage it without really trying!

Many systems have been produced claiming to show how to make money betting this way. However, it is not as simple as it may seem. The problem is that when a bet is struck it is done at an agreed price because when you lay a bet you are acting just like a bookmaker. If I think a horse will win I will bet with you at odds of 6.0 for example. If it wins I will get 5 times my bet plus the stake. If you accept the bet and the horse loses you will just get my stake less 5% commission to the exchange. If you strike 5 similar bets in different races just one win and you will have lost money.

In running or in play betting is also popular and this is where you can make bets on the outcome right up to the horses passing the winning post or the final whistle being blown. There are people who specialise in this form of betting but to succeed you need a sharp eye and a keen nerve to make it pay.

The betting exchanges have changed the face of gambling in many parts of the world and offer new opportunities. However, despite what you may read there is no “secret” or easy method of making money on the exchanges. It requires the same amount of effort and dedication that successful gamblers have applied throughout the years.

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Are you a fun punter or a serious horse racing enthusiast who is trying to make some money out of his or her interest in the sport? The question is asked because if you want to be serious and make money you will have to adopt some form of staking plan if you want to be successful.

If it is so important what exactly is a staking plan? It is the system that you use to determine the amount of money you will invest in your selections. Ideally you should set aside an amount of money that you can afford to lose as your betting bank. It is the size of this bank that should determine the amount that you pjut on each of your selections.

The simplest staking strategy is level bets. This means that you put the same amount of money on each of your selections and this will be a percentage of your betting bank. For instance is you had £1000 as your bank and you put £10 on each runner you backed that would represent 1% of your bank.

A variation on the level stakes is to use the percentage of the bank as a guide so If you worked on using 1% of your bank as your stake if the bank rose to £1100 you would put £11 on each selection and if it dropped to £900 your stake would drop to £9 a bet.

Another popular staking method is The Fibonacci method. This is based on an increasing stake. The sequence is:
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This is arrived at by adding the two previous numbers together to get the next number. How it works is that each time you get a loser you increase the stake to the next level and continue to do this until you get a winner. It is also a popular system with some punters who make lay bets on the Betting Exchanges.

Another system which is not recommended is known as the Martingale and this simply involves doubling your stake each time you get a loser. This is possibly the quickest way to lose a betting bank known to man. The following should show you the problem of this method.

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It would only take a series of 9 losing bets to take you stake from £10 up to £5120. Even after just 5 losing bet you would be up to a stake of £320 which for most people would be a little frightening.

There is an old adage that if a horse racing system cannot work using level stakes then it is not worth using. Although there have been some good racing system using alternative staking methods unless you are a very experienced punter level stakes or a stake based on a percentage of your bank are the safest methods of controlling your betting bank.

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If you talk to the majority of racing fans and mention horse racing systems you will get an almost unanimous response that “they do not work and are a waste of time”. If you delve a little deeper you will almost certainly discover that at some time they had tried a system and been disappointed,

You have to accept as fact that most so called “horse racing systems” do not work. The main reason for this is because they are based on false premises and inaccurate statistics. Producing a racing system is an easy and profitable occupation. Most people could produce some sort of system within a couple of hours but whether it would be any good or not is another matter.

To produce a good and workable system requires knowledge, experience and importantly time. Any system that relies purely on back testing of results can never be totally trusted. It is important that an element of real time testing is carried out.

There are out there some very dedicated people who work hard and long producing well researched quality horse racing systems. They offer them at a reasonable price and once again we think we have found the “holy grail” of profitable racing. We paper test the system and the results are good so out comes the real money and we start looking at the new car adverts with more interest.

It may be the next week or the next month but suddenly the system stops being profitable. We start on a losing streak and even when we win the returns are not as good as we expected. What has happened?

The first lesson for anyone who uses a system is that no matter how good the system you are using is, it will have losing streaks, This is inevitable and there is nothing that anyone can do about it. If anyone invents a horse racing system that always wins they are going to be smart enough to keep it to themselves and not offer it on the open market.

The sensible thing to do is just to hold back when this happens and revert to paper trading until the tide turns. If the system is any good this will happen and in some ways a losing streak can be a good thing,
The reason I say this is because of the other reason why horse racing systems fail and that is simply because too many people are using it. When a new system comes on the market they can achieve a high number of sales. You then have 200 or 300 punters all backing or laying the same horses. Despite what some people say this is going to have an effect on the market and the drift or tightening of the price can have a severe effect on the profitability of the system. When a system encounters a losing streak the vast majority of its users lose heart and jump ship. By keeping a watching brief you will be ready when the systems good times roll again.

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The Full Year System has been born out of two other systems. The first is the Full Circle System who some of you may remember being offered for sale earlier this year. The author of the system, Breon Rawlings, devised Full Circle in 2009 and began passing on the selections to his private list in the following January. It continued to perform well during the remainder of the Nation Hunt season. However,
when it was offered for sale to the general public the wheels began to fall off.

Breon still had faith in the basic concept but determined to discover why the system failed when applied to flat racing. After research he came to the conclusion that the selection process could not cope with the greatly increased number of race meetings during the summer months.

It is no secret that The Full Circle System used the Naps Table and Breon was convinced that it could also be used to effect for flat racing. After some experimentation he produced a flat racing system which he called the Full Value System. The selections from this new system were added to the Sportsworld Publishing telephone line service.

Although both Full Circle and Full Value both use the Naps Table they use it in two totally different ways.
Full Value has proved successful during the last flat race season and The Full Circle is once more perfuming well during the current National Hunt season. This has encouraged Breon to combine the two methods into something he calls The Full Year System.

As the selections were sent to the Sportsworld Publishing telephone service we know that these are genuine and not back tested or falsified in any way. Full Circle made a profit of 222 points between September 2009 and May 2010 and a further 91 points so far this National Hunt season. From May until the end of the flat season Full Value showed a profit of 156 points.

This two in one system has produced a profit of 425 points to level stakes, which is an average of 29 points a month without one losing month during the period. One point in the favour of The Full Circle is that the selections can be made in advance which is a great benefit for those who work during the day.
There are two options; you can purchase the system outright for £95 which includes one months access to the tipping line. Alternatively you can join the monthly tipping line for just £40 per month.

.For more informtion click here Full Year

UPDATE
We have been testing this system since 11 December and in that time it has given a 32 point profit. This could have been even higher if we had limited the odds to a maximum of 11.0.
In our view this is a very worth while system and below are the details
of last Tuesdays results:
The Full Year System Day 29 Tuesday 11/1/11