We Examine Lay Betting whether it be Laying Horses or Laying Sporting Events-
TipM8.com has provided 3 x Lay Bets in Horse Racing and all have been successful so we are @ 100% and the latest we described How Punters and the Market can get it terribly Wrong as was the case when we took on the Zac Purton mount in R2 @ Sha Tin last Sunday the 13th June-DOLLAR REWARD was well backed in from $5.50 into $4 and we had all Our Lay Bets Matched so of course it was a nice result but we also know the HKG form and whilst many Punters thought it could Win we took them on as it has struggled in all of it’s Last 5 runs it as a false favourite and you can identify more punters backing Purton in Honkers due to his success.
In a nutshell
There are two sides to every bet; someone betting on an outcome to happen (a back bet), and someone on the other side betting for an outcome not to happen (a lay bet). Typically, bookmakers represent the lay side, so they offer customers odds that they are willing to lay. But on the Exchange, customers can both back and lay themselves, and ‘matching’ bets with fellow bettors, not the bookmaker. Our lay bet calculator (end of article) shows you how the liability/profit works on lay bets.
How does it work?
Back betting means putting your money on something to happen – a horse or a team or a player to win, for instance. Lay betting means betting on something not to happen. For example, if you lay a football team to win your bet will be settled as a winner if the team loses or if the game ends in a draw – so two outcomes are playing in your favour.
In horse racing, when you lay a horse, you win if any other horse in the race comes first. If the horse you bet against wins then you lose and have to pay the backer his winnings, which could be a lot more than the stake. So be careful about how much you decide to lay.
You cannot beat Laying a Horse as you will always have many to take you on and we will run our own Workshops in the coming months via the podcasts but in the interim feel free to explore- Learning Home | Betfair