How to TRADE
Betfair has many video and information links on how to successfully trade on horse racing.
What is laying a bet?
To lay a bet is to back something not to happen. For example, to lay a horse to win their match is to back them NOT to win. If you were to lay it, you would win your bet if they either lost or drew their match.
With Betfair you can not only lay any selection, but also choose the price you want to take, and how much you are prepared to risk. The shorter the price you wish to lay, the less money you have to risk compared to your potential reward.
- In a horse racing market, the horse “Europe” at 1.9/1.91 is much more likely to win, but to win $10 by laying that outcome, you only need to risk $9.10.
Some people find it easier to pick a horse that won’t win, than one that will. 28.8 have a good idea of market movers.