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Horse layingHorse Racing Master > Lay betting > Horse laying Horse laying is certainly not as complicated as many people want you to believe. If you are familiar with the Betfair laying option, then you surely know that laying a horse actually means assuming the role of the bookmaker. In other words, you bet that a certain horse will not win. So if you decide to lay a horse and it indeed loses the race your bet wins, and you get profit from it. However, if you lay a horse and it (unfortunately for you) actually wins the race you lose, and you also lose money. Because examples are the best way to explain this, here is a basic example so you can understand the process more accurately. Let’s say you decide to lay a horse called Renegade at odds of 4.00 (3/1 in English odds). You decide to lay for £10. If Renegade wins the race, you will have to pay out £30. If you are lucky and Renegade loses, you win £10. If you noticed, the lower the odds are the smaller amount of money you need to pay out if something goes wrong. One of the secrets of the laying experts is laying second favourites. The risk is lower, but the value is much higher. However, if you want to lay horses, you will have to use betting exchange. A betting exchange is different than traditional betting. A traditional betting system would have a bookmaker who sets the odds. Then, punters come in and either accept the odds or walk away. On the other hand, a betting exchange is a company with a web site where visitors who have accounts can bet against each other on an almost worldwide scale and in a wide array of events. The bets at the exchange have all been placed by other users just like you. You can either place a bet in the traditional fashion (back), or play the bookmaker and offer odds to other punters (lay). All the bets need to be matched, and this is done between people with opposing views. You must never meet the person you betting against face to face, and furthermore your privacy as well as the confidentiality of your bets is maintained by a secure site. Betfair is the most well known betting exchange, and it is a company with great potential and great organization. If you want to become a member, all you need to do is register a debit or credit card and then place some funds into your account. After that, you can start your horse laying career right away.
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