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Betfair layHorse racing master > Betfair > Betfair lay
The Betfair lay option is, simply put, betting on something to lose. For example, if you think that a certain horse doesn’t have a chance of winning a horse race, you can lay, or bet on the respective horse to lose. If this indeed happens, you win money. Many people have mastered the lay bet strategy along the way, and it is a real money bringer for those people. A laying bet can only be placed on a betting exchange. You basically have the opportunity to play the bookmaker and make a bet on an event NOT to occur. For example, a certain horse not winning the next horse race. So how do experienced players profit from this? The profit you get from lay bets is calculated differently than the one you make from back bets. The amount you win if the event doesn’t occur is the amount you stake. For the sake of argument, let’s say you placed a £10 lay bet on Manchester United not winning against Arsenal. If Manchester indeed doesn’t win, you make a winning of £10, because those were your stakes in the first place.
Beginners often get over-excited about lay bets, and they think it is very easy to make money like that. If you go on almost certain events, making a bit of profit, you can raise some money. At least that’s what the newcomers say. What they don’t realize is that in the case of lay betting, if something goes wrong, you can lose a big sum of money all at once, neutralizing all the profits you would make up to that point. And now here’s another example. Let’s say there’s a cup football match between Chelsea and Bradford City. Depending on the lay odds, there are more scenarios that can happen. The logical way to go about this bet would be to lay Bradford City for £10. If this indeed happens, you win about £10. But if by any chance Chelsea has a bad day and Radford City wins, you would probably lose about £50, in the case of an odd equal to 5.0 (which would most probably be very likely here). This is exactly where most of the beginners go wrong about the whole thing. They think that betting on an event not occurring is far easier, and they can never go wrong about it. They make a few bets and win some small amounts of money. But if, by any chance, on of their bets goes wrong, the whole effort could have been in vain.
That’s why, with time, you learn that you actually have to very carefully examine the odds. This is maybe the most crucial aspect of the whole thing. When you lay, you have to do it at the lowest possible odds in order to minimize the eventual losses. This is the only way in which you can afford to lose once in a while without losing all of your previous earnings. By doing this, you could make out of the Betfair lay a profitable activity.
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