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Trading the Betfair markets is most definitely a genuine earning opportunity and for those who are determined and committed enough, it certainly can and does replace a full time job. And then some.
Yes you can make money laying horses on Betfair but it is not as easy as you think many punters wander into this with the understanding you have typically N-1 runners in horse race on your side where N is the number of horses in the race and 1 is the horse you have layed to lose the race.
Gambling consists of three elements: consideration, prize and chance. If any one of those three elements is missing, the game is simply not gambling (Rose, 1986)).
Lottery. Playing the lottery is one of the most popular ways to gamble, and it is perhaps the most random. This is a low-odds game where all players have even chances of winning. You decide what game you want to play and how much money you want to invest.