Lay Betting explained
Present day horse racing industry is inextricably linked with gambling. Even though the sport has not achieved universal popularity, the countries in which it is legitimized have ardent fans. Horse racing fans fall under two categories: one who enjoy the
skill and performance of the race horses, and two, who are interested in the skill and performance for purposes of betting. If you fall into the second category then congratulations, because we are going to discuss how to improve your betting skills by mastering
the art of lay betting.
Lay betting is a relatively recent addition to the numerous forms of betting already prevalent in the horse racing industry. It gives a bettor greater flexibility while betting and also increases the probability of profits.
As with traditional betting, you need to select or lay a horse you want to bet on. The only difference is that you will be betting on the horse losing the game rather than winning it. This means that you are going to be the one who will offer the odds rather
than stake a value on the odds being offered to you.
For instance, you say that White Dragon is going to lose a particular race. The odds for this are 5/1. Bettors are going to bet against you and stake their money betting that the White Dragon will win instead. If you win and the White Dragon fails to make
it to the finish line in the first place, you will get the stakes of all those who had bet against you. In the unfortunate event of the White Dragon crossing the finish line as the leader of the pack, you will have to pay quite a lot of money to those who
bet in favor of this happening.
Lay betting therefore, is a high risk high return gamble. Having said that, you can increase your chances of being at the winning end quite significantly. All you need to do is to evaluate your lay properly before making a lay bet. This is how it should
be done.
When the horse racing season starts, keep a lookout for the least favorite performers. Check out performance stats of the potential underperformers to make sure that they lack in ability as compared to other race horses. Pick out the horses that are performing
below the industry average.
Performance stats can be obtained by local newspapers and horse racing websites that cover the races but a more efficient way is to check out the horse forms. These forms are also available in newspapers and websites as well as in the race tracks. Horse
racing forms provide information which aid the decision making process of the bettor. This information includes things like past performance figures and race statistics. If you study them thoroughly enough, you will easily be able to identify the horses which
are good potential losers.
In case this seems like too much effort, there are sites which offer online betting systems. These are equipped with complete databases containing comprehensive information on almost every horse who is running in a particular racing season. They gather race
stats for every horse’s performance on each race track in the country. Such betting systems give predictions and provide extrapolations of each horse’s performance by taking into account all the information that is available to them.
By making use of the lay betting technique properly, you can make more money than by betting on the traditional bets that are available. However, lay betting is not a miracle bet that would work every time. It will only work if you have done your homework
thoroughly.
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