Laying Horses For A Living - Betfair Laying Secrets The Pro's Use
Laying Horses For A Living
Laying Horses For A Living
Laying horses on betfair.
With a conventional horse, you can only back a horse to win or each way. Laying Horses For A Living
Using betfair, you can back a horse but you can also bet that the horse will not win (lay).
you can also lay the horse not to place.
Many people think it is easy to pick a horse that is not going to win but in order to win consistently you need a strategy that will consistently pick such horses.
For example, if you think that a horse priced at 20-1 is not going to win, and bet against it, it probably won't due to its price.
However, if you keep betting against such horses without a good system/reason for doing so, one will win and put a large dent in your betting bank.
Top tips for laying on betfair.
1 - Build a betting bank. I suggest a bank that is 20 x the size of your expected liability per bet.
2 - Decide what is the biggest price you are willing to lay a horse at. some people are scared of betting against long shots, some prefer only to lay longshots, some prefer only to lay favourites.
3 - Stick to a system/systems.
Laying Horses For A LivingPointers in deciding which price you want to lay at
The favourite - Longshot bias
I will not go into detail but If you type in the above phrase into google, It will bring up many pages relating to academic studies on horse racing (The most recent study was turned into a book called Betting to Win: A professional guide to profitable betting by Leighton Vaughan-Williams.
These studies found that if you bet 1 on every horse in every race, you would lose considerably less money backing favourites compared to betting on longshots.
This principle needs to be taken into account when thinking of laying horses ie bookmakers make less money laying favourites than laying the bigger priced horses.
Betfair customers are even more disadvantaged by laying favourites because they usually have to lay at 20% bigger odds & a 5% commission will be taken from any winnings.
Laying systems
There are many systems available on the internet, to buy and for free.
Here is a quick system for further investigation.
Maiden Favourites
Favourites in maiden races tend to have very little form.
Therefore, bookmakers have to do a lot af guesswork when pricing up these races.
It can be especially profitable when the favourite in a maiden has never raced before.
Before betting against such horses, It is always worth checking the trainers record in maidens/with 1st time out runners etc.
There are many more betting systems & strategies available on my website, check it out on the link below.
Laying Horses For A LivingLaying Horses For A Living - Betfair Laying Secrets The Pro's Use
By: Betting Expert
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