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Betfair Race Trading: Pt 4. Laying, Backing And Dutching. Pots Of Gold Or Pots Of Pain.

Laying:

A lot of new customers to Betfair are attracted by the prospect of a new style of bet; namely, “Laying”, which is being allowed to back the loser of your chosen sport or event.

In relation to horse racing, this is known as “Laying” a horse i.e. Backing it to lose the race.

Laying a horse to lose is effectively the direct opposite of backing it to win.

It has actually always been possible to do this via a traditional bookmakers by backing every horse in the race to win using a “Dutching” mechanism, except of course the horse that you want to lose.

The result being, that whichever horse wins the race, as long as it is not the one you chose as the one you want to lose, you will make a set amount of profit.

To do this in a real life situation in a bookmakers as the horses are at the post, you have to be a mathematical savant or some other form of genius, and you may also get a rather strange look from the staff at Ladbrokes.

The Betfair computers take all the aggro out of “Laying” your selection. They do all the math and present you with a single decimal odd for laying your selection.

Laying horses can be attractive and profitable to seasoned professionals who attend race meets and can visibly see a horse directly before a race.

Satellite Information Services are available for those with an enormous budget, but even so, they may not focus directly on the horse you are interested in so may not give you any real clues pre race.

Let me explain the problem with “Laying” using an analogy.
You have a favourite at 3/1 in your Maiden Handicap at Chepstow, the field is large, 12 riders and there are 3 or 4 strong contenders in this race all bunched at around 4’s and 5’s

This is a terrible race to try and lay select and I will explain why.

Summary:
Laying:

A lot of new customers to Betfair are attracted by the prospect of a new style of bet; namely, “Laying”, which is being allowed to back the loser of your chosen sport or event.

In relation to horse racing, this is known as “Laying” a horse i.e. Backing it to lose the race.

Laying a horse to lose is effectively the direct opposite of backing it to win.

It has actually always been possible to do this via a traditional bookmakers by backing every horse in the…

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