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A Lay is when you are betting on something not to happen. Doing this can give us the role of the bookmaker. When placing a Lay bet, the amount you’re entering is the backers stake, which is the amount you stand to win should your lay bet prove successful. The amount you stand to lose is called liability and is shown next to the backers stake, which is what the backer will win if their bet proves successful.
The Betfair Exchange is the number one place to lay a bet. Here you can choose the backers stake and see your liability. It’s important to remember you’re betting against other, like minded punters. We have a series explaining more detail about the Betfair Exchange in our News section.
Our Lay Of The Day is a horse at relatively short odds that we think won’t win. We will generally focus on shorter odds as that means there is a smaller liability for us, the layer.
As we know, nothing is ever a certainty in horse racing and not all short priced favourites win. A lot of horses are shorter in the market than they deserve to be and that is when they are a lay opportunity. Like with backing a horse, we look for a horse that is a bigger price than we think it should be, but with laying we look for a horse that is a shorter price than we think it should be.
Our team of experts work extremely hard day in, day out to find the best value horse racing tips. This includes finding horses that they think will win for our range of tips such as NAP, Accumulators, Doubles, Lucky 15, Early Value and more. It also includes searching for horses that they think won’t win. They put their heads together every afternoon to agree on a horse the following day that looks too short in the market that they don’t think will win.
This can be for varying reasons from the ground conditions, distance or track not suiting, the yard being out of form or a number of other factors.