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Betfair lay bet
Horse racing master > Betfair > Betfair lay > Betfair lay bet The Betfair lay bet is your option of betting on an event if you think it is not going to happen. Let’s say you are a horse racing fan, and you follow through these events. If you notice a certain horse which never seems to win, you can lay, or place a bet based on your anticipation that the respective horse would lose. If that horse indeed doesn’t win, you make a profit from your bet. Betting exchange companies like Betfair are the only ones which offer the opportunity of lay bets. The possibility to play the bookmaker is a very appealing option for many people and this is one of the strong points of the company. You can simply make a bet on a certain event and anticipate that it will not occur. However, this is not without some catches also. People who have just started betting on Betfair often get ahead of themselves when it comes to laying bets, and they simply think that making money in this way is a stroll through the park. Now, wouldn’t you wish it were that easy?
"I will go on an event that is absolutely certain that it will happen", this is what many beginners think. Yes, you can do that, but you have to take a very serious aspect into consideration: if you lay and something goes terribly wrong, you will most certainly lose a great deal of money if you are not experienced enough. But how do experienced players make money then? What you may or may not know is the fact that the profit you get from lay bets is not the same you get from back bets, meaning that calculations are different. You win what you gamble. As an example, let’s say you placed a £5 lay bet on Tottenham not winning against Chelsea. If Tottenham doesn’t win (as predicted), you have a £5 win. As another example, we’ll assume that there’s a horse race and you noticed a certain horse which never seems to win. The laying odds can vary of course, and this can actually be the whole difference between success and disaster. You decide to lay that horse for £10.
If the horse doesn’t win the race as predicted, you make a £10 profit. But if you have the great misfortune of catching the respective horse on a great run, you will most surely lose a few times what you bet (let’s say £52, in the case of a 5.2 odd, which is just a hypothesis for the sake of argument). And this is exactly the final and maybe the most important point. In time, you need to learn to carefully analyze the odds of certain events. When you decide to lay, you need to minimize the eventual losses by placing a bet at the lowest possible odds. Because if you are not extremely lucky, you will most surely lose one day. But if you learn how to lose, you can make the Betfair lay bet a good instrument for long term profit.
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