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BEGINNER'S GUIDE TO HORSE RACE LAY BETTING
MAKING MONEY FROM LOSERS
YOU CAN LAY A BET ON TRACKS WORLDWIDE


Welcome to my Beginner's Guide explaining the concept and benefits of lay betting which has grown in popularity in recent
years with fans of horse race betting who are interested in winning money from a losing favorite with betting exchanges like
Betfair and Betdaq. The traditional bookmakers like nothing better than a losing favorite, no wonder they are not keen on taking
bets from clients who wish to 'lay a horse', unlike the online betting exchanges who are more than happy to accept lay bets.



HOW DOES LAY BETTING WORK?

Lay betting or to 'lay a horse', as it is sometimes known refers to betting on a horse - usually the first favourite - to lose a race.
However, unlike traditional horse race betting where you 'back' a horse to win, by 'laying a horse' you effectively become a
bookmaker - so if your horse wins you have to pay.


LAY BET EXAMPLE: ALTIOR

You lay Altior @ 6 in the King George VI Chase at Kempton on Betfair for a GBP5 stake - see screenshot below. The liability
is the stake multiplied by the horse's laying odds minus the stake (GBP5 x 6 - 5 = 25), thus you will lose GBP25 if Altior wins the
race. But if Altior loses, as predicted, your payout will be GBP30 (GBP25 liability + 5 stake). After entering the stake, Betfair will
automatically display your liability - so there is no need to worry about doing a mental calculation. And to see the potential winnings,
just click the Payout button

ALTIOR LAY BET EXAMPLE
courtesy of Betfair


WHY HAS LAYING A HORSE TO LOSE BECOME POPULAR?

One of the main reasons it has become popular is because it offers greater flexibility than traditional horse race betting. And
sometimes it can be difficult to pick the winner of a race and a lot easier to pick a horse that won't win. And of course, it can be
very profitable, you get much better odds laying the first favourite in the betting than backing it to win. And bookmakers, as we all
know, make their profit from losers especially a losing favorite. On average, favourites win 35% of horse races.


WHICH BETTING EXCHANGE SHOULD I LAY A HORSE WITH?

Betfair is the world's largest online sports betting exchange, and is the preferred choice for anyone interested in winning money from
lay betting because it is usually able to offer better odds than Betdaq. You can also, safely and speedily, place a lay bet when on the
move from your Android, Blackberry, iPad and iPhone with Betfair Mobile betting. Betfair deduct 5% commission from net winnings
only - EXCLUDING winning lay bets placed on Betfair Multiples - which are commission free. The minimum stake is GBP2.
Betfair accepts the following currencies: AU$, DKK, EURO, GBP, HK$, SEK, US$. NB: US residents cannot join Betfair.
(Languages supported: English, Danish, German, Portugese, Russian, Spanish, Swedish).


LAY BETTING SOUNDS COMPLICATED?

It can be complicated, as well as requiring a few hours familiarizing yourself with the layout and terms of the betting exchange site
before you feel confident enough to place a lay bet. Although there are many horse racing lay betting systems offering information
on making money from losers my personal preference is for False Favourites, written by Betfair Trainer Jonathan Burgess.
This step-by-step guide, with illustrated examples of actual races where Jonathan laid the favourite. And additionally it shows the
different selection criteria used to identify a weak favourite to lay in flat, all-weather and jump racing. The guide also shows how
to place a bet with Betfair. Priced at GBP36.47, it is considerably cheaper than Easy Money From Losing Horses (GBP63.44)
- which has just 46 pages compared to the 200 pages of False Favourites. Jonathan has also contributed articles on horse racing
betting advice for the official blog of Betfair Education. So if you are looking for an inexpensive, easy-to-understand, comprehensive
guide to horse race lay betting from a respected author please visit False Favourites


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DISCLAIMER: Although every effort is made to ensure the accuracy of information on this site, no responsibility can be accepted for any errors or omissions.

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