To Explain This Method You Need To Know What Lay Betting Is
And if you’re a punter who is already thinking, get me off here, I don’t do lay betting, please just hear me out as I used to be exactly the same.
So for anyone who doesn’t know a lay bet works like this.
To start off with we bet on a horse to lose a race rather than win.
When we get it right, we double our stake.
So say if I say this horse at 10/1 is going to lose a race but a £10 LAY bet on it.
If that horse loses I get my £10 back and also win £10.
Sounds easy right, it’s easy to pick horses at 10/1 that will lose.
But the reason people keep away from laying and the reason I originally did is that if I say that 10/1 horse is going to lose and put £10 on it, if that horse does win, my liability is £100!
Which Means 2 Things…
1) That I need £100 in my account to lay that horse at £10
2) If that horse does win I lose not £10 but £100
Its easy to see why people automatically say they just do not do laying.