LAY HORSE BETTING – Become a Bet Thief … at betthief.com
This information brought to you by BetThief.com gives you an introduction to Lay Betting on Horse Racing. It explains 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 backing losing favourites with betting exchanges like Betfair. The traditional bookmakers like nothing better than a losing favourite, and are not keen on taking bets from clients who wish to ‘lay a horse’, unlike the online betting exchange ‘Betfair’ who are more than happy to accept both back and lay bets .
HOW DOES LAY BETTING WORK? To ‘lay a horse’ refers to picking 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 that if your horse fails to lose, and wins the race then you have to pay.
EXAMPLE LAY BET
You ‘lay’ a horse @ 6/1 in the 7.20 at Kempton, for a GBP 10 stake. Your liability is the stake multiplied by the horse’s
laying odds (GBP 10 x 6 = 60), meaning you will lose GBP 60 if your chosen horse wins the race. But if your horse loses the race, as you predicted, you win GBP 70 which is calculated by multiplying your horses laying odds (6/1) and adding your stake (GBP 10 x 6 + 10 = 70). Once you have entered the stake on Betfair – your liability is automatically displayed next to it. And to see the pay-out, just click the pay-out button so there is no need to worry about calculating your liability and pay-out – as the Betfair system does this for you.
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. 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 money from losers especially a losing favourite. If you have ever visited a tipster proofing site s and compared the difference in profitability between back and lay tipsters you notice that the lay tipsters show a higher profit margin.
For beginners, lay betting can be complicated, I advise you to spend a few hours familiarising yourself with the layout and terms of the Betfair exchange site until you feel confident enough to place a lay bet.
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It is true that horse racing can be a complicated sport to understand which can sometimes make it hard for the beginners to get into and enjoy and reap the rewards.
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The undisclosed expert at Bet Thief.com analyses a wealth of factors prior to a horse race. This function involves investigating the dynamics of a race such as the importance of the draw, the state of the going, paddock inspection, betting moves, hidden handicaps, jockeyship and more. This research results in a winning formulation to predict leaders in a particular race. And of course on the flip side predict losers whereby ‘lay’ bets can be placed.
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To date; 28th Feb 2011 – 13th April 2011, BetThief.com have successfully predicted and recorded an outstanding 509 wins!
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