People have been betting on sport in some form for hundreds of years. One of the most popular sport people have always bet on is horse racing.
In recent years it has become more popular to 'lay' horses rather than back them as people have traditionally done.
In simple terms you offering people odds on an event happening. Much like you would do if you were a bookmaker. You can lay horses on betting exchange websites like Betfair and Betdaq.
If you want to lay horses you should follow the 3 simple rules below:
3 golden rules
1. Always do your research - Do not leave winning money to chance. You need to put in the work to find the selections that look most likely to lose. There is no short cut to this and it takes time. If you do not do your homework you will win some and lose some. And if you are lucky you may finish level overall. Probably more likely to lose to be honest.
2. Money management - It may seem obvious but you need to manage how much money you place on each individual bet. At no time should you have more than 5% on an individual bet. So in this case as you are laying horses you should never be able to lose more than 5% if the horse wins.
3. Always keep a record of every bet you have placed. You need to see where you are winning and losing and you can only do that if you have a record every bet.
If you follow the above rules it will go a long way to making sure you win more than you lose.