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Betfair laying betting
Horse racing master > Betfair > Betfair lay > Betfair laying > Betfair laying betting The Betfair laying betting strategy is something that helped many people earn an easy second income from online betting. For those of you who don’t know it yet, Betfair is the most important online betting company, founded in the year 2000 in the UK. It has constantly gained a lot of popularity due to its unique features and option. And one of these unique options is lay betting. Let’s explain the term a little bit for those who are not familiar with it. When you bet with a betting exchange like Betfair, you have two ways in which you can do it. The first one is to back a certain event, meaning you place a bet on the occurrence of that event. The second one is to lay an event, and this is when you place a bet based on your assumption that the particular event will NOT happen. For example, in a horse race, you can lay a certain horse, which means that you bet it will not win the race.
The earning in the case of a laying bet are different than the ones of a backing bet. So let’s assume, for the sake of argument, that there’s a soccer match between Manchester United and Portsmouth. If you anticipate that Portsmouth will not win, you will be able to lay Portsmouth then. The amount you are able to lay depends also on the amount of money you have in your Betfair account. Let’s assume, continuing with out example, that you decide to lay ₤20 on Portsmouth in its match against Manchester. Of course, there are two possibilities at the end of the match. If Portsmouth indeed loses or even in the case of a draw, you win money because the respective team did NOT win. The amount of money you get back as profit is always equal to the amount of money your stake was, ₤20 in this case. However, if Portsmouth wins, you get serious headaches. You will lose an amount of money which is proportional to the odds. If the odds were 4.0, for example (Betfair uses decimal odds), you will lose ₤80.
This is why you have to be extra careful when laying. Yes, there are a lot of experienced players who make a lot of money from this technique. But their success resides in the way they decide to lay, in relation to their close monitoring of the sport they bet on. So what you will need to learn in order to become successful yourself is evaluate the odds, and bet on those that will not wipe out and entire month of earnings. Because this is what can happen if you don’t learn to optimize the risks. Achieving this balance (earnings-losses) is what can ultimately make you a very envied master of Betfair laying betting. |
