Backing laying betfair
If you felt that the odds were too high and you want to lay at a lower price, you can always request a lower price and see if it gets matched. To do this just enter the price you want in the betslip and click place bets. You have the choice of letting it go in-running, taking whatever the Betfair Starting Price BSP is, or of cancelling the bet if it is not matched by the time the race starts. So that in brief terms is how to lay a favourite on Betfair.
Whilst the idea of laying favourites might sound appealing, you still need an edge over the market in order to make a profit overall. If you had a combination of these factors you could have a good opportunity to lay. One horse racing system that has done exceptionally well from laying favourites is Little Acorns.
It is a low-liability laying system that involves using a combination of factors to pick horses to lay on Betfair at odds-on. It has been around for a number of years and has won numerous awards so is held in very high regard. With over points profit made in 65 months it is easy to see why. Only seven of those 65 months have been losing months which is top-notch consistency. We completed an extensive review of the system and gave it a passed rating, so if you are looking for a tried and trusted way of laying favourites then Little Acorns is well worth checking out.
In a similar vein to Little Acorns but in a different sport, Tennis Goldmine is also a system that follows a set of rules for laying favourites in tennis matches on Betfair.
It also completed a successful trial закрывают сайты букмекерских контор on the site and comes from the tennis betting guru Patrick Ross, who is one of the most established tennis betting professionals on the web.
Coming with his betting and trading tips as an additional add-on, which also have an excellent long-term record, Tennis Goldmine is a solid strategy for laying on Betfair. Laying favourites sounds like a simple way to bank easy profits but it is important to keep it real — just like any other form of betting, you need an edge over the market or you will just lose money from doing it.
The reason bookies are able to make money from laying is that they have an over-round, or in other words have an inbuilt house edge which means they offer slightly worse odds than what the actual chances of winning are.
So if you want to make a profit from laying favourites then you need a winning strategy. We have outlined a few above which have worked well over the years, so they could be worth checking out. Whether you follow those strategies or devise your own though, please gamble responsibly and only risk money you can afford to lose.
Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. How to Lay Favourites on Betfair Just in case you are not familiar with how to use the exchanges, here is an example of how to lay on Betfair. A few years ago, as online gambling became more appealing and more bookies sprang up, so did the competition in the betting industry. The only way for bookies to attract and keep new customers is to offer them incentives to keep them betting much like this Smarkets free bet.
Bettors take advantage of these free bets and bonuses and make a guaranteed profit in the process. Back lay betting is the main concept behind matched betting and other low-risk trading strategies. It allows punters to make a guaranteed profit without putting their own money at risk. This concept can be quite challenging for matched betting beginners so bookmark this page and come back to it, if necessary.
For almost every matched betting offer you complete, you place two bets. One back bet and one lay bet, on the same market. In this scenario, one bet will always win and one will always lose. By using this back and lay betting strategy, your two bets effectively cancel each other out making matched betting completely risk-free.
Betting exchange introduction
Before you access a free bet or bonus, you often need to stake a certain amount of money. So an offer may look something like:. Matched bettors use the back and lay process to achieve this risk-free. Check out this article for more information on how matched betting works. So we know what back and lay betting is and we know how to use it.
When it comes to matched betting, you can select any market to place your bets.
Back and lay betting comparison
However, some markets are better than others. Our first tip is to select a market where the back and lay odds are close together. The tighter the odds, the more money you make. This tip has a significant impact on the profitability of your matched betting in and beyond.
If the back odds were 5. Ultimately, you should look for lay odds that are lower than the back odds. As I mentioned above, this would allow you to make a guaranteed profit irrespective of the outcome. If this is the case, I suggest you move on and look for another market to place your back and lay bets. You can work out the exact numbers using our lay betting calculator more on this below. Our second tip also relates to matched betting: always place the back bet before the lay bet.
By placing the back bet first, you have a greater chance of salvaging the situation. Check out this article for more information on common mistakes and how to avoid them. The back and lay betting calculator is one of the most important tools for matched bettors. Punters use this tool to work out the qualifying loss, overall profit, liability and pretty much everything else to complete their matched bets. Liability is another aspect you need to consider before placing any back or lay bets.
Liability stands for the amount of money you need to have in your betting exchange account to cover any potential losses. You can work out the liability of your bets by using our calculator.
What are your thoughts on back and lay betting?
Let me know by leaving a comment below right now. Learn matched betting What is a betting exchange? What are mug bets? By Charles Updated 7th September, Confused about what back and lay betting is, how it works and what to use it for? What is a betting exchange?