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The difference between betfairs "tax" and normal tax though is that the more you win, the lower the "tax" rate is
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You get commission points on losing plays as well.
Short selling is pretty common and is the type of share activity often linked to insider trading. You know there's bad news and you short sell everything you can. Rumor is that Bin laden short sold masses of US stocks through inetrmediaries iN Saudi and Pakistan prior to 9/11 and made enough to make jihad self financing. His play on Liverpool winning the league that year was less successful however.
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The stockmarket has no such facility, could take you years to make your money on an individual trade.
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Day traders on teh stock exchange regularly churn all their shares on a daily if not weekly basis. There was a guy on the "Sunday Times" who had a column that ran for about two years. Ended up a bit up but for the time he put in he would have been better working in McDonalds. One of the Irish papers here runs a charity competition where 6 traders are competing for a 10,000 prize for charity. Again they are churning almost all their stocks weekly.
By the time you factor tax and charges in day tradeing must be a pretty hard way to make a few quid. You need serious cash to maximise incremental movements in the market.