I was sure that the lay odds met 1. However, the idea of this trading strategy still sounds foreign to many punters. Legend: RED – The best current odds and amount of money for back bets and lay bets. Select the event. Provide the Betting Odds in Decimal Format. With over 594 points profit made in 65 months it is easy to see why. 10). I was sure that the lay odds met 1. It’s a great way to make guaranteed profits. 5%. Compare this to a 5/1 horse (decimal odds of 6. Correspondence Address: Triq il-Kappillan Mifsud, St. You are betting FOR something. In this example, I’m going to use Smarkets as. Lying down and/or rolling. Betfair is the most popular sports betting exchange and is most likely where you will start your trading adventure, so there is a Betfair interface explained below. In this blog post, we'll take a closer look at what Betfair is, what backing, laying, and Betfair, online betting exchange, back, lay, trade, horse racing, football. Here are the math's :-An easy starting point is 3/1 and 3/1, which coupled, equals even money. 86. FlatStats Racing Systems Thursday 16th November 2023. They also will snack on your horse about 30 times a day, relentlessly pursuing blood. Overall position if win £-0. Tipster Proofing. If you are looking for a lay system for the All-Weather through the winter and the turf flat from April through to October, then this is the lay system for you. the bet was 50 pounds for a horse, at 21-1 odds , requiring a win of 1050 pounds , the bet was accepted , by 365, but half an hour before the race started , 365 altered the payout to 15 – 1 payout, so I would only get 750 payout , although on the betslip it still. Typically it would be at half the odds, so if backing at 4. However, Racing Victoria has been forced to review its internal processes regarding the progression of ideas to proofs of concept after the trial. If you want to Lay Horses hands FREE on Betfair. This article aims to give a review of the. 40 limit, but then was backed off. 1. 7f, 1m etc) 3) Always look for info on the horse you lay - you can use William Hill who does provide the spotlight on the horse (just like you can see in the link I gave you). We offer strategies, tips, and insights to bet smarter Laying is a slower burn but less volatile route to profit and may require a larger average stake size than you are used to if you tend to back bigger priced selections. e. this is what i take it to mean. This is because the money that you are set to lose if the horse wins is alot more than if you back it, remember we want horses to lose as we are laying them. 86 but the bet did not get uploaded into Betfair. Post navigation. It sounds so easy that you can ma. 67 = 16. If it is resolving a conflict or giving way to a higher ranking horse, it. The above shows that you can make a profit by betting on both outcomes – backing the horse at the bookie and laying against it at the exchange. Bettors looking to take their first steps into the exciting world of exchange trading should read on, the purpose of this post is to provide information for beginner. You use pace analysis of a race to identify horses that you think will halve in price during the race. Some of the popular betting markets in horse racing betting and greyhound racing betting include win and place, quinella, trifecta, exacta, quaddie, and doubles. Therefore laying horses that start at 3/1 would show a break-even situation. The betting exchange allows you to offer odds on that horse and allows other exchange members to back it at those odds. For example, if there is a rival horse in the race which may be popular with punters and their horse may drift. 39, our liability will only be £39. Some of the laying systems back in the day were very simplistic. 2. Cannon, DVM, ABVP "Your horse may be a Wobbler" is a statement made by the attending veterinarian that very few horse owners want to hear. To put them all on the same ticket, covering all combinations, would cost you pounds 192,. If we backed this horse at 3. Click on the "Calculate" button to display how much you need to back out for and how much profit (or loss) you'll be left with. I tested this today live on a very low odds horse just to see what happened, backing at 1,89 and laying at 1. 37!The second opinion is what most punters will say the most because they just do not see the point in backing a horse where the net return is less than the stake they are willing to risk. I track horses through the season to the big jumps festivals in March and April. 91. Simon continues his study into how to best price up a race, this time using a more quantitative approach. 40. Placing a Lay bet means you are betting on something not to happen - for example, if you lay a football team to win your bet will be settled as a winner if the team loses or if the game ends in a draw - so two outcomes are playing in your favour. Laying is a great way to make money on the Betfair Exchange. His record to date has made a 9. Then to convert the total percentage back to decimal Betfair odds - - - - divide 100 by the total percentage of the coupled odds. I was sure that the lay odds met 1. 0,. Carefully examine your tack for protruding screws or other sources of discomfort and check for proper fit. Basically I know that if the market is efficient then laying into a 100% book should achieve break even over time. If you had bet them all for £1 you would have been on 114584 bets, won 40,088 times and lost £7,904 at industry SP. Unlike traditional bookmakers, the Betfair Exchange offers you the ability to take either (or in some cases, both) sides of the bet. the places that didn,t win also staked so only £2. 70%. 67 = 16. As long as you have executed the staking plan correctly based on the prices available, you guarantee winning via arbing. Penry Downey. These provide platforms where bettors and layers can back and lay selections with each other. These options can normally be found by clicking on a horse race and then selecting the more markets section. 15. 90 for £100 and the favourites go 1-0 up. 86 but the bet did not get uploaded into Betfair. Any matched bettor needs a calculator that works out all your qualifying and free bets, that is why Trickybet has created the only calculator you will ever need. 86. If it LOSES we win ( our stake. The outcomes section at the bottom of the calculator tells you that you’ll lose a maximum of £1. Wednesday, 6 January 2010. Yearly, second favourites win approximately 20% of races. Placing back and lay bets. It is a low-liability laying system that involves using a combination of factors to pick horses to lay on Betfair at odds-on. Betfair allowed the average person to become a punter or a bookmaker, allowing both backing and laying of odds. Swing trading a horse race – By understanding the markets and how the graphs move you are able to determine price movements and trade large swings in price. 0 on both, and let's say both lay orders get matched. 00 * 500) / (8. Remember, you can use the ‘Add Selection’ button to add more selections depending on how many you want to place bets on. So in a ten runner race, for example, you will have definitely see at least one horse get matched at odds 1. Odds are: 2. Liability = Backer’s stake * (Lay odds – 1) For example, if you lay Real Madrid at odds of 1. Many people have tried laying horses, but 98% fail. It was then at that point that I decided that I wanted not to be sat in my office all afternoon backing and laying horses; instead, I wanted to create a bot to do it for me. However, bookmakers to lose odds are rarely as competitive as the lay prices on the exchanges. Rumours of match-fixing have pushed an Eastern European soccer team's Lay price down to 1. Join today and get instant access to all our systems, stats and ratings. My speciality is in novice hurdlers and the established. 15. It is calculated as follows: Liability = lay odds x [backer’s stake – backer’s stake] If you wanted to lay the Sydney Swans in the AFL Premiership market at the odds of $8. The pastern or fetlock area is the best place to tap. 211/5 and then lay it off at. I was sure that the lay odds met 1. They come from experts and would go a long way in making your system successful. The second type of player is the crucial one: the. 00. Instead of backing a horse to win, you are betting on a horse to lose. This is one of the trending bet types you will see on people advocating on forums today. Little or no passing of manure. Daily Football Betting Tips Daily Horse Racing Betting Tips Latest Betting Offers Join Betfair!The LP28 series looks like this: 1111111111222222333344455667. Either use the . 1. Best Online Betting Exchange For Horse Racing Bet Live In-Play. A lay bet is a process where, in making 2 separate transactions, a bettor can minimise risk and potentially maximise profit off an original bet. If such a horse loses,. Theory being that the lay odds should drop for an amount of ticks profit (undecided as yet). We will be looking at sprint races, and distance races and use a combination of manual trading techniques, where we rely solely on our own judgement and good hand-eye coordination, along with some automated trading tools like tick offset and stop entry. If a horse is startled by something, it will spin on the hindquarters and run. So in order to place this lay bet, you would need at least £4. Backing-to-lay has always been one of the most. Double or bust – Back a horse that you think will drop in price and place an open lay bet at a lower price. A back-to-lay strategy is basically backing high odds and laying low odds. A colicky horse will commonly bite at its side and roll. Now you can back multiple horses to place. You could back the draw at 3. 50% of first day losses refunded as a free bet. 00 odds (10/1 UK type). There are a few reasons why I might lay a horse. Use my personal Lay Systems - Start with one or both of my lay systems to get profits flowing, they both have over 90% strike rate when followed - You can find out more about them here - Racing Profits Lay Systems. However, Racing Victoria has been forced to review its internal processes regarding the progression of ideas to proofs of concept after the trial. Horse racing betting offers Best horse racing sites Best horse racing apps. 4. However, laying flips this maths entirely: there’s nine horses that can lose, which means more lay bets will succeed than back bets when the race is taken into full consideration. 10 (1/10) for £100, you will win £100 if it loses, or lose £10 if it wins. The woman can then rock back and forth in a rocking horse motion. 0) and 1/4 odds and it finished fifth, your profit would be £120, minus any qualifying losses. 00 – 0. 00 - 0. 50 to your over all stake of £2 (2 x £1) a profit of £3. YELLOW – Next best price to back and amount available at each price. a 10 point bet placed at odds of 4/1 would be a stake of 40 points as that is the amount you'd lose if the selection won the race). By entering the total stake and the odds of each selection, the tool will calculate how you should divide your total stake between the two individual bets to give you the highest possible return, and what the. . Lay betting does prevent some difficulties - and it can be expensive if a bettor happens to lay the one horse in 10 that does succeed - but it isn’t quite as. Report Gaze733 • October 9, 2020 8:50 PM BST. Whilst Southwell and Wolverhampton leave the field strung out like washing, Lingfield's 'fairer' Polytrack has an average distance of only 17. Select the pink box to place a lay bet. [1] Betting exchanges offer the same opportunities to bet as a bookmaker with a few differences. A horse that is lying down for an excessive period of time or at least, more than usual, may be ill or suffering from physical pain or an injury. Thanks: 859 times Was thanked: 1080 time(s) in 485 post(s) Tony Peterson;62859 wrote: A bold move, Keith, and you'll have banked a tidy profit. Get detailed information and tips for laying a favorite horse from Horse Racing Pro. The first analyses each RACE to establish its suitability as a betting contest. Example 2. In practice what this means is taking over the role of a. As horse races typically have 8 - 10 horses running, it is nearly impossible to back each of them and form the traditional arbitrage opportunity that we are used to. A DOB better would back such horses before a race and then lay them off in-play. 00 should the favourite. Example: I lay $50 on Novak Djokovic to win the US Open at odds of $3. Once he is penetrating her the man can slowly sit up, so they are facing each other with their legs intertwined. Racing-Index proof the back and lay bet selections of various tipster services. Unlike traditional bookmakers, Betfair allows users to both back and lay bets, as well as engage in trading. I have been playing with a few scenarios with backing and laying horses, the back bet pre race and the lay, in-play. T&C apply Offer valid for new Betgoodwin customers aged 18 years and over. Not only can punters bet on all the popular betting markets, including win, place and each-way, but they can also lay a runner. I have been 'dutching' the 1st and 2nd rated horse, starting with the first race of the day, here are the rules: Set my daily target, i. 5 might sound safe, but for every £10 (€10) you want to win, you have to risk £125 (€125) - high risk and low reward. However, if the horse wins, you will have to pay out the winnings to the backers. A simpler form of betting which involves both back and lay bets is matched betting. I was sure that the lay odds met 1. com feed as part of an unauthorised…Theory being that the lay odds should drop for an amount of ticks profit (undecided as yet). Yes, some bookmakers will allow you to bet on horses to lose. 00 on the favourite and £1. 0 or lower, you lay the selection to go all green. Exponential Bet 611 subscribers Subscribe 19 Share 1K views 1 year ago NORTH WALES Backing and laying horses in play from the 25th May to the end of the. However as a rule of thumb, I’d recommend laying horses for a liability (i. Weight of money, or weight of movement, relates to the amount of demand that the market has for either the backing or the laying of a horse: If many people want to back a horse, its price shortens, or comes down. As an example, let’s say you want to lay a horse at 3. Even Horse Racing, which usually only offers the opportunity to bet on a specific horse pre-race with bookmakers, gives you the opportunity to lay. 95. If the horse you lay does not win the race, you profit from the bet. The downside to this tactic is that, if the horse doesn’t drift in-running and goes on to win, then you lose the liability for your lay bet. But why the lot? A good question Tony and one that I'll probably keep asking myself. Leave plenty of time to place your qualifying Avoid matched betting near to the start of a race. 0 and you place $10 on the horse to win. In horse racing, scalping typically involves backing and laying a selection at different odds within a short period, sometimes even seconds, to secure a small profit regardless of the race outcome. If you lay a horse in a 12 runner horse race you have 11 other horses running for you that could win the race. 00 and entered a $10. You choose the selection you want to lay and offer odds that other customers can accept. Handicap Lay System - Buy Now For Only £19. 91 are much more likely to win, but to win £10 (€10) by laying that outcome, you only need to risk £9. Make laying down a real good place to be. Laying is a great way to make money on the Betfair Exchange. Can you make money laying all horses? Back betting is simple, bookmakers publish the odds for different horses, and you back one horse by betting a certain amount of money on it. Here's a brief rundown: Laying a Horse: If you lay a horse at odds of 5. Tipster Proofing. Back to Lay Horse Racing . 00. If the horse doesn’t win the. The. With a lay bet, you’re essentially ‘selling’ your stake, laying it against the odds of an event outcome. We often refer to the “1-2-3 RULE” of the newborn foal: A healthy foal should stand within 1 hour. Lay the draw – The most common football strategy. Secondly, a “back”-bet is practically a common sports bet where you put you stake on a certain outcome of a bet. Back horses the evening before racing, or early in the morning; Lay off the bet at a shorter price just before the off, or during the race (in-play) Lock in 5%+ profitHorse Racing Trading Strategies: SCALPING Successfully Pre-Race. Lay-to-back carries this danger whereas back. In a nutshell, the idea is you back a selection at 10. Example: I lay $50 on Novak Djokovic to win the US Open at odds of $3. The betting exchange allows you to offer odds on that horse and gives other exchange users the opportunity to back the. 3. It means you’re backing a team, player, horse, or other participants to win the match or event. Number 6. 86. Money Back if your horse doesn't place - T&Cs;Let's say it's a football match between Chelsea and Manchester United. 00, then the stake would be £50. Horses lay down and roll to get rid of an annoying itch. In a horse racing market, the horse “Europe” at 1. By laying, you will effectively limit the frequency of your losses, but when they do come, they will be relatively costly. 98 on Betfair, where your commission is 4. 00 after lay loss and comm deducted. Race Horse number(s) 1 3-6 2 4-7 39 4 10-11 5 2-7-14-15 6 5-8-16 The number of combinations is worked out like this: 2 x 2 x 1 x 2 x 4 x 3 or 96. If you lay them for £25 you are guaranteed a total profit of £14. Betfair. Aug 20, 2018. Back/Lay instructs you to lay the horse for £566. Be sure to input the odds as provided by the bookmaker. 86. 86 but the bet did not get uploaded into Betfair. At 90% to 95% you are guaranteed to profit! Go over to. Lay betting on horses is the strategy of using betting exchanges to bet against one or more horses winning a race. 04 if I were backing my choices at level stakes I would have lost 5674 points but gained 915 @ 7. “At the end of the day, fatigue of the muscles due to poor posture, prolonged sitting or inefficient biomechanics during exercises can create the tightness or spasm,” said Jonathan Meltzer, a physical. The laying the field method is focused on losing horses. This article is designed to help. I tested this today live on a very low odds horse just to see what happened, backing at 1,89 and laying at 1. However, laying flips this maths entirely: there’s nine horses that can lose, which means more lay bets will succeed than back bets when the race is taken into full consideration. I tested this today live on a very low odds horse just to see what happened, backing at 1,89 and laying at 1. If you lay it, you win the £20 stake so long as the horse doesn’t win. If you master that you could possibly start trading, but however smart you. Once again my account gets wiped out after steadily winning, or just small wins and small losses for a few weeks. Your aim here is to spot a. The selected theme will be applied site wide, with the exception of offer where only one exchange can be used. Originally established as ProfitPunter-Racing, providing horse racing systems, based upon 25 years experience in system building and horse racing betting. Passing dry or mucus (slime)-covered manure. 00 stake, that means there is someone else putting $10. Colic is a common reason, although horses will usually roll around while lying down if colic is the issue, but not. Read our guide to exchange betting on horse racing - backing and laying explained!. To cut a long story short you need to lay two horses at 2. Claim £20 offer New Customer offer. Hedging is a strategy whereby you lay off a back bet to minimise risk and secure a profitable position. Most horses' gums are pink or lightly pigmented, just like human gums. A 'back' bet (backing) is where you're saying that something WILL happen. Place a min £5 bet on the Sportsbook on odds. Here is a simple to follow guide on how to choose the most likely candidates and also how to organise your Back to Lay bet to gain the most profit. This review will cover all the ideas and concepts behind laying horses in running for more profits. If we wanted to back Manchester United to win on the weekend we would have to go to the game in question, select the back bet option next to Manchester United and stake the amount we want to bet. Yesterday the bomber was backing and laying horses. This painful and debilitating body-wide disease eventually reaches a point where the horse can no longer get up and down, move to. Its been working a treat so far. 86. Get over $1200 in bonus bets Australia!Unlike back bets where you only lose your stake regardless of the odds, the liability of a lay bet is dependant on the odds. Strict routine and disciplined staking is the fastest way to succeed. 0. If a backer backs a 3/1 shot with £10, they risk £10 to win £30 profit. Yes, some bookmakers will allow you to bet on horses to lose. If someone accepts your odds, they are effectively backing that selection to lose. Laying horses in running has been a profitable strategy for bettors since the past decade. Back-to-lay in-play. On the exchange you can back and lay the same selection at different prices. To. If your horse, or golfer, finishes in the extra place, you win both your back bet and your lay bet for a huge payout (relative to the size of your stake). Credit: JACLOU-DL, Pixabay. Lay betting on horses is the strategy of using betting exchanges to bet against one or more horses winning a race. This is why you should know about the 2nd favourite horse racing system. You lay a horse at 27. 04 on Betfair to ensure a risk-free profit, whatever the result of the race. Why is There Commission on Back and Lay Betting? With traditional bookies, they make their money by setting the markets in such a way that they are almost certain to make a profit in the long run. If many people want to lay a horse, its price drifts, or goes up. Rule 4 in Matched Betting can occur when you are backing and laying horses. Should start nursing within 2 hours. Backing and laying horses in play from the 25th May to the end of the month, while I explain the Velocity Line and upcoming Velocity Fluctuation feature. 7 lengths between first and last place. Step two – Find the right market. They always are here. Punters offer odds to sell a bet instead of to back a bet. Back/Lay instructs you to lay the horse for £566. In a way it does, because in Horse Racing, laying a horse means you are effectively backing 10 other horses! A good laying strategy can reap big rewards. In other words, you are offering odds of 3. "If you are convinced, come what may, that a horse should be 5/1, no more nor less, then feel free to lay it at 9/2 (5. For example, if a favourite is 8/11 (1. e £10. Harry TheTrader 19 Aug 2022 2 minutes. The software used to identify the day's selections has two distinct parts. But bookmakers just wouldn’t offer 9/1 (10. You are betting FOR something. What a soul destroyer! A case of 12 steps forward and 13 steps back! Now don’t get me wrong, I believe there are a few laying systems out there doing very well Laying horses lets say between 5. I lay nearly all favourites and sometimes second favorites as well. Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money. . 5K subscribers Subscribe 440 97K views 10 years ago On Betfair, every bet has a backer and a layer. Insidetraxs often recommends back to lays which can return 50% on your stake. This free calculator has 5 other useful calculators for dutching, lay dutching, arbing, hedging and perming that may interest you. Lay Betting Explained. Some people prefer to lay bets rather than back bets, because it’s much easier to pick one horse/sportsperson that won’t win among a big field. I mentioned in my previous article about what a potent weapon laying could be in our betting armoury. Labels: backing and laying horses, Betfair, betting, gambling, horse racing, making money, selections, system. 0 and 6. The best way to start this position is with the man laying back and the woman sitting astride him. Horse . For those who want to manage their returns, reduce losses, or even get better odds, the idea of going with back and lay betting makes a lot of. However, backs and lays at betting exchanges require a total return deduction. I was sure that the lay odds met 1. Back/Lay arbitrage example The Lay price of a horse called Steamer has dropped rapidly from 9. 86 but the bet did not get uploaded into Betfair. He was a substantial net backer of the horse who clawed back a three-figure sum by laying it through Betfair. However, the prices available on Betfair are ‘better’ than SP. Enter the “Lay Commission %” on the exchange; Odds changes are shown on the calculator and new values will be calculated by clicking on the icon. DSLD (Degenerative Suspensory Ligament Desmitis) is a relatively recently recognized condition in horses in which a major supporting structure of the lower legs degenerates or deteriorates over time. Cast your mind back to Red Brook Lad. Horses may lose fluids at a rate of up to 15 L/hour in the form of sweat and develop remarkable deficits in sodium, potassium, chloride, magnesium, and calcium. For example, if a horse is 3/1 and we lay it for £10, if it WINS we LOSE £30. Both the backer and the layer need to agree on the odds and stakes before the wager is accepted. The “back high lay low” principle means backing a selection at a high price and then laying it at a lower price. Breaking - happens after. Odds-on favourites won around 58 % of their races losing 6. 2. View contenders for the FlatStats Portfolio of Horse Racing Systems for horses running on Thursday. I tested this today live on a very low odds horse just to see what happened, backing at 1,89 and laying at 1. Opinions of the Product. Typically it would be at half the odds, so if accept the use of cookies. Horses must have run last time out between 3 and 99 days. A lot of luck is needed. How An Approach To Laying Might Be Different To Backing Davidg3907 shared his thoughts on the OLBG forum about how differently a punter might look at a race if he was looking to lay a horse compared to. Of those 881 only 33 won. Some people prefer to lay bets rather than back bets, because it’s much easier to pick one horse/sportsperson that won’t win among a big field. To be able to make a profit trading/backing laying needs a very high skill level, if you are a beginner get proficient in arbing first, using soft books, then start arbing sharp books v exchanges. Fecal balls smaller than usual. Herefordshire. Our FREE Staking Calculator can be of great help and can be found on the homepage to be downloaded. If you bet 10 Euros on Manchester United you win the amount of your stake times the odds. 86. 86 but the bet did not get uploaded into Betfair. If you intend on prospering from risk free bet offers, your bookmaker back bet will be subject to the same Rule 4 deductions listed above. Lay Betting is an option on exchanges where. There are mixed opinions about Pete's Betfair Methods. Theory being that the lay odds should drop for an amount of ticks profit (undecided as yet). A back-to-lay strategy is basically backing high odds and laying low odds. 86. We will lose £500 if the horse actually wins the race!Muscle cramping in endurance horses is most frequent in hot, humid weather. I think in the long term if you follow these rules. 2. Ropers without as much upper-body strength can drop down to a softer heel-rope lay, particularly in lower-numbered ropings with weaker cattle, so long as the rope still has enough body to stay open in front of the feet. Getting over-excited and breaking your own rules will land you in hot water every time, don’t do it. Your horse looks sweaty and is standing in a corner of the stall with his head hanging down and bedding in his mane and tail. Since matched betting deals with math calculations, a dedicated matched betting calculator will pay off. August 10, 2023 Lay Betting Strategy Unlike traditional sports betting – where a wager will be placed on an event occurring – lay betting involves placing wagers on something not. Betfair is an account that all punters should look to have. Backing & Laying Bets. Multiple staking plans for backing and laying horses and greyhounds in UK, AUS, US and RSA. Subscribe Now! 4 Free Reports; The SBC Podcast; 2023 SBC Awards; Home; Betting Help. He has loads of wonga. The Back/Lay betting calculator shown above is an enhanced version of the Back/Lay calculator included in the Arb Cruncher online betting calculator. The odds of the back bet are not that important because our lay bet. But that means there are pitfalls. Your free bets will be credited within 24 hours of you signing up and completing the qualifying necessities. Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money. 0 and when it trades 7. The algorithms involved are too complex to try and list on here without slowing the site (And getting my self banned) Suffice to say the top rating per horse it involves The Sun Newspaper and the Forecast Favourite. 15. A matched betting calculator is a bit different to a regular odds calculator as it will help you calculate how to place lay and back bets to unlock profit from the free bets offered by bookmakers. 0 for £10, you stand to gain £10 if the horse. To win £100 if Red Brook Lad loses, at odds of 1. The 2 nd method I used to get my 1. His latest strategy is a profitable place backing system, which identifies horses offering value at 2/1 and under. In practice, this entails assuming the role of a bookmaker for a single race. hi, about cash out . 3/1 and 3/1 gives percentages of 25% + 25% = 50%. I was sure that the lay odds met 1. OK well in this section I will look for the best odds on sporting events and will be backing and laying horses. 00 on (backing) for the same result to happen at the same odds. 55 against your ‘ Brighton & Everton ‘ multiple at Smarkets. This technique can be used for a variety of reasons, including minimising risk when odds change, or to place qualifying bets with sportsbook in order to receive promotions in the future. Laying is when you offer odds for other punters to back on a certain runner. Horses may lie down when they are sick or in pain. We picked 881 33-1 shots at random on the all weather since 1993. Your bet amount multiplied by the odds equals the amount you get paid. I made a lot of money laying horses in play, but the pressures got too big for me, and before I lost it all, I decided to take a step back. Learn how to use both simple and advanced back and lay strategies to profit from arbitrage opportunities in this in depth article. I set up Racing Profits. Mostly on international british racing but also some here in australia. Backing a bet on an exchange is the same as doing so with a traditional bookmaker, and simply involves selecting an outcome and deciding a stake. Step three – Back or lay bet? Step four – Enter your stake. 86. This bot is designed to bet either back or lay, to the settings that you set in the software. If the horse wins the race, then your liability is equal to the winnings for the backer.