The basics stuffs for Laying horses and a good, profitable strategy about Laying Horses
By John Doe - May 17, 2010
Let take an example where we are going to back a horse, who called General Account at a price of 3/1 and for state of 10 pounds.
A bookmaker will be approach from you and you are offering to prepare to risk your stake of 10 pounds on the chance of this horse General Account winning the race. You will be happy to accept price at 3/1 if the horse loses, in that case you will give the bookmaker your stake money. But in the other hand, if the horse wins you shall take your stake of money, and furthermore, you demand that the bookmaker give you three times your stake money as profit.
So, you placing this bet, because you think, you definitely sure that this horse will win - it has some stands, because if you didn't think so, you would not risk your stake money.
Don't forget one important think that is affect of your bet to be struck - the bookmaker must agree the terms of the table too. The bookmaker will be pleasant to risk three times your stake, when you lay the bet at the price of 3/1. And here is the catch - if your bookmaker take your bet, this is mean that he thought that the horse General Account will not win the race. Otherwise, he wouldn't accept the bet, or at least will not risk so much money and wouldn't agree a bet 3/1.
I hope that you are able to see the difference between you like a punter and your bookmaker - and it is your opinion. You think that the horse will win the race, and bookmaker doesn't think so. And the both of you prepared to put your money on a table.
But the bookmakers has significant role since 1999, after that year you can be bookmaker at yourself. Why you ask? Because a company present their new product for betting trading - Betfair trading system. It also a betting exchange, where you have the opportunity to play tole of a bookmaker. Betting exchange is nothing else but a forum, where you can find other punters, who are not at the same opinion like you for particular bet of horse racing, football, etc.
And if you are able to judge better than the other punter, against you bet, then you will win the race and your bet will be turn a profit. But if you don't - you lose and have the duty to pay the profit of woman/man against you has bet.
There is opportunity at the end of the day, laying horses to lose still not suit to your betting temperament. But this article and so many source of information can help you to get the right direction in your trading career. And don't deceive yourself that laying bets are more easier way to win money that backing. Both of it are with absolutely no difference in terms of risk.
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