A lay bet is where the punter selects a runner that it considers will not win the race. This type of online betting is more for the analytical punter and a. A lay bet is essentially wagering your funds on an event not to happen, so that could be a team to not win a tournament. If your chosen team doesn't win the. Turn to a lay bet and you're essentially backing the other horses in the race to beat the one you're laying. On sheer head count alone (23 against one). UFC BETTING SHEET

What are the advantages of lay-betting? Think about it: If you have no solid opinion about who has a good chance to win the race, but because of the pace situation, conditions of the race, conditioning cycle or whatever - you feel that a particular horse has an extremely poor chance of winning the race - you can bet that horse will lose.

This allows you the opportunity to make value wagers in races that you previously had to pass. Or the other side of the coin, say you feel strongly that a certain solid contender will win - you can now bet him to win, and one or two other over-bet horses to lose.

This increases your leverage in a "strong opinion" race. This creates a hedge that protects your win bet and essentially creates a "no-lose" situation. Another important aspect of lay-betting has to do with the player's psyche. As we've discussed many times in past writings, the mental attitude of the horse race bettor is all-important.

Nothing improves a bettor's attitude more than cashing tickets! If a horse player always feels that he has a big shot to cash a ticket in the next race, optimism is there and the attitude stays positive. But that still means losing 62 out of every races - hardly conducive to maintaining confidence that the next race will be a winner. The sub-conscious of the bettor will start reinforcing the idea that almost 2 of every 3 wagers will lose. Now - what would lay-betting do for that player's mental attitude?

It is the mirror image of the above - only better. The bettor could now win 66 out of every wagers simply by betting against all the favorites! That approach still wouldn't be profitable used in such a generalized manner. At that point, the sub-conscious notes that 3 of every 4 tickets are now being cashed and it begins to expect to cash the next wager because this is predominantly true. A new "winning reality" emerges.

Lay betting with Betfair Lay betting is available with all betting exchanges. Lay betting explained: Sports example The example shows the market for A tennis match between Djokovic and Nadal. The back odds are in blue and the lay odds in pink. The darker pink cell shows the lay bet. The bet is to lay Djokovic to win the match meaning that we believe that he will not win.

If the lay bet is not successful and Djokovic wins the match, the bettor will lose 63 cents. Lay betting explained: Horse racing example The selected bet is to lay Black Caviar to win the race meaning that we believe she will not win the race. If the lay bet is not successful and Black Caviar wins the race, the bettor will lose 12 cents.

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Think of yourself as the bookmaker. If you lose your bet, the bookmaker keeps your stake. If you win, then the bookmaker has to pay out your winnings. It can be a lot more than your original stake. This is same as laying a bet. If the selection does win, you have to pay out the winnings. That potential payout is known as your liability. It how much you need to pay out if you lose your bet. Example 1 You lay a horse at 3.

The horse is priced at 3. If the horse wins the race, then your liability is equal to the winnings for the backer. Example 2 You lay a horse at 5. The horse is priced at 5. Example 3 You lay a horse at At odds of This is different. Laying off a bet refers to betting against something you have already backed. Horse racing lay bets If there was a clear favourite for a major horse race like the Cheltenham Gold Cup, then you might wish to try a lay bet on this runner.

This would be much simpler to win your bets as we all know how difficult it is to predict a winner when there are many different runners in a big horse race. Rather than betting on Tottenham to win, you could instead put down a lay bet on Arsenal. As a result, you would win your bet if Tottenham won, or if the match was drawn.

Benefits of lay betting One of the key reasons to try lay betting is that it often makes it easier for you to win your bet. If a Formula 1 Grand Prix race had Lewis Hamilton down as the clear favourite with short odds, you could try laying that driver and find that you get better odds by backing Hamilton not to win the race. Most people who lay bets will keep the odds fairly short so that their liability is reduced.

We should also note that lay betting is fairly counterintuitive and goes against the thinking of most sports fans. This is the best way to unlock value in your lay bets, and you can usually get the best options for this whenever the big sporting tournaments like the FA Cup final and teams like Manchester United are involved. We should also note that live betting can be a great way to shake things up now that you've had lay betting explained.

This enables you to react to the market by changing your bets halfway through a sporting encounter.

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