Lay Betting on Horses

Betting on horse races has gotten a clear upgrade with the introduction of lay betting on betting exchanges.

What is Lay Betting

Lay betting on betting exchanges is essentially playing the role of a bookmaker, where the players bet against one or more horses winning a race. Unlike traditional betting, bettors do are not backing a horse to win, instead, they offer odds for other bettors to back the horse. If the chosen horse loses, they keep the backer’s stake and if it wins, they are liable for a payout to the backer.

How to Place a Lay Bet on Horse Racing

Open an Account: Select a betting exchange where lay betting on horses is available, like Betnfair, and start by opening an account.

Fund the Account: After the account is set up, the next step is to fund the account balance in order to be able to place bets.

Navigate to a Race: Upon signing in, navigate to the horse races available and select a race of interest.

Open an Account: Select a betting exchange where lay betting on horses is available, like Betnfair, and start by opening an account.

Fund the Account: After the account is set up, the next step is to fund the account balance in order to be able to place bets.

Navigate to a Race: Upon signing in, navigate to the horse races available and select a race of interest.

Laying the Favorite Strategy

Laying the Favorite is the most commonly used betting strategy in horse racing at betting exchanges. Laying the favorite involves selecting the most likely to win horse on a particular horse race and betting against it. This strategy is very popular for a number of reasons:

Frequent Upsets

In many horse races the favorite does not win the majority of the times. This creates opportunities for bettors to profit by laying the favorite, especially if there is a perception that the horse is overvalued or overestimated in terms of its chances of winning.

Under-Priced Favorites

Favorites are often underpriced, particularly in high-profile races. This means that the odds assigned to the favorite might not accurately reflect its true likelihood of winning. Bettors can take advantage of these situations by laying the favorite and betting against it.

Low Odds for Lay Bets

The low odds on favorites work to the advantage of those placing lay bets. When laying a horse with low odds and it fails to win, the liability which is the amount a player stands to lose is limited by those odds. This makes laying the favorite a potentially lower-risk strategy compared to backing other horses with higher odds.

Limited Value in Back Bets

While low odds on favorites might not offer much value for traditional back bets, they can be more advantageous for lay bets. The strategy allows bettors to make profit on the low value of favorites by betting against them, with the added benefit of limited liability if the favorite does win.

Backing Other Horses

To reduce the risk, some bettors choose to back other horses in the race. This way they have a chance to win if any horse other than the favorite finishes first.

Risk management is essential when laying bets. Every type of bettor should ensure that the potential liability is within their comfort zone and that they are aware of the potential losses.

In-Play Betting

Some bettors also use the laying strategy during the race, especially in-play betting markets. If the favorite starts the race poorly or encounters difficulties, its odds may increase, allowing bettors to lay at a more favorable price.

When betting during the race timing is crucial. The odds can change rapidly, therefore, monitoring the market is essential for placing the lay bet at the right time for better profit.

When to Consider Lay Betting?

While laying horses should be part of a betting strategy, target races that offer better lay opportunities, such as

Unpredictable

Look for races with outcomes difficult to predict.

Short Odds Favorites

Races with short odds favorites reduce lay bet liability.

What Races to Target?

Sprints

Chaotic and unpredictable, sprints often reduce short odds favorites that rarely win, especially in large fields.

Handicaps

Despite level weights, favorites in handicap races are unlikely to triumph, offering lay betting opportunities

Juvenile Races

Races for 2 year olds are unpredictable, with form fluctuations providing lay betting value.

Early Season Races for 3 Year Olds

Uncertainty and fluctuations in form make these races prone to upsets.

Novices’ Races

Little form record makes predicting outcomes difficult, creating speculative betting markets.

International Thoroughbred Races

Prestigious races with global entries often result in upset winners due to various factors.

Laying on Horses with Brokerstorm

Brokerstorm offers access to betting exchanges with the lay option on horse races available.

KingFair24 and Betnfair betting exchanges are the go-to choice for every type of bettor, for they present a number of great features

Dynamic Betting Platforms

High Market Liquidity

Benefit from a high level of market liquidity that ensures seamless execution of your lay bets, creating an ideal environment for strategic maneuvers.

Live Streaming

Get yourself in the action with live streaming for horse racing and other sports events adding an extra perk to your betting strategy.

Fair Commission

Enjoy a fair game with a modest commission, allowing you to fully reap the rewards of your insights and successful bets.

Accessible for All Levels

Whether you are a regular player or a beginner, KingFair24 and Betnfair are suitable for all levels of expertise, making it easy for everyone.