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It is more than possible to make profit from laying horses on betting exchanges. After all, in a field of 10 runners, it is much easier to have 9 of the horses running for you than alternatively backing one horse and having 9 runners against your one. In this article we discuss the different strategies that can be adopted for laying horses. Firstly, just what is laying? Well as alluded to in the previous paragraph, laying a horse is the process of betting on a certain runner NOT to win a race. This dark art was once confined to bookmakers, but the rise of betting exchanges has enabled anyone to strike lay bets on horses, profiting if the runner is not successful. Once the facility to lay horses came into existence, many immediately saw it as the road to riches. For the shrewd operators, it really can be, but those who took the approach that ‘the bookie always wins’ and as I am now able to operate as a bookie, I will always win, soon came unstuck. After all, individuals using betting exchanges are not able to include the same built in profit margins that bookmakers are able to, and therefore, when laying horses, a strategic approach needs to be adopted. So, how do we find horses that can make profitable lays? The following factors need to be considered and researched: • Horse • Draw & Run Style • Trainer • Ground & Distance Horse The horse is obviously a vital factor that needs to be considered. Horses are idiosyncratic animals and have their own traits and preferences. Look at how quickly the horse is returning to the track and assess how they perform after that sort of break. A horse may be returning after running 7 days ago. It may have run after a similar break on 20 occasions, winning once, whereas when the horse is off for 4+ weeks, it has won 3 races from 7 starts. This runner may make a fair lay as it obviously performs better fresh. Draw & Run Style Assess if there is any draw bias at the course the horse is running at, and combine the potential draw bias with the way the race is going to be run. If a horse likes to run from the front, but is drawn wide on a turning track, and there is another prominent racer drawn low, then the horse is going to have to work very hard to negate draw and get to the front, so could pay for those exertions late, and will make a fair lay. Trainer Trainers tend to show biases in terms of the distances their runners compete over, and they usually have contrasting fortunes at different times of the year. Laying a horse with a trainer out of form can be a profitable approach. Ground & Distance A horse may be a short price because it is in good form, but if the ground and distance are not suitable, it can make an excellent lay. Check how a horse performs under different conditions and if it has struggled before in similar ground and over a comparable distance, it may make a fair lay bet. Laying can be fun but requires a good betting bank to handle any potential losses, as the liability of lay bets usually exceeds the potential profits. WBX is a great betting exchange to use to strike your lay bets. They offer low commission rates, so you will be keeping most of your winnings, and their large variety of markets offer numerous avenues to profit by laying horses. Loyalty discounts of up to 60% can help to boost profits further and with ever increasing liquidity, WBX is becoming the obvious choice for more and more horse racing bettors. Andrew P. is a semi professional gambler that specialises in trading on betting exchanges such as www.wbx.com
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