has anyone lost money doing this?
You can lose money if you make mistakes, which is probably quite easy when you are just starting. Backing and Laying different selections, laying wrong amounts, not reading T&Cs - that sort of thing. First few I did I properly triple checked and was certain it was fine before placing the bets. As long as you are sure you know whats happening and read up on it, should be fine. Also start with low liabilities so if you do make a mistake you only lose a little bit.
Also a risk of bets getting voided, palped, but that's very rare and generally shouldn't have a problem. There are ways to correct errors and minimise loss if you come across one. So far I have not made a mistake that has lost me money, touch wood.
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