How to lay a horse not to win:
First open an account with
If you have never "layed"
a bet before don't worry it is very simple. First of
all you need to open an account with one of the
betting exchanges. You can do this by clicking on the
link above to go straight to
Now you are ready to
start laying bets. Lets say you want to lay "Nohopefav"
in the 2.45 @ 6/4. Once you have the 2.45 racecard on
the screen look for the selection "Nohopefav". The
odds on the left are to back but its the ones on the
right that we are interested in. If the odds are
available to match [6/4 will show as 2.5]then you can
lay the bet straight away, if they are not then you
can post the odds you want to lay the selection at
[they will then show up in the section to back].
It sounds very
complicated but it isn't really. Betfair have a very
good tutorial to show you how to bet on the site and a
very helpful help desk if you need it. I would suggest
that you spend a few minutes "practising" on the site
before you want to actually "lay" your first bet to
Laying Horses To Lose
Free Saturday info of horses to avoid
Lay The Bet -
Daily information, on horses they think will lose
Lay To Win -
Make money by backing horses to lose
Each day they lay a number of short priced favourites
Losers into Winners
Since the launch of
betting exchange sites such as
, the subject of laying horses to lose has become
Not surprising really
as for years many people have believed that betting is a
mugs game and the only people to make money from it are
the bookmakers. Now is their chance to become the
bookmaker and take bets on horses to lose a race.
One such person to do
exactly that is Raj Patel and in the eBook
Losers into Winners he explains the methods he uses
to work out what races to analyse and which horses to
lay. The publisher of this eBook has kindly sent a copy
to Racing-Index to review.
In the past I have had
a dabble at laying horses to lose, but never really had
much luck. So I thought it would be interesting to see
how someone was making a full time living at the game.
Personally I don't like
reading masses of information from the screen, as I
prefer to preserve my eyesight. The book doesn't have
the option to print all the content in one go, but it
only takes a few minutes to step through the sections
and print them one by one. The book also contains links
to race data examples, so it is well worth printing them
Raj assumes no prior
knowledge of either racing or using the betting
exchanges and explains things in an easy to understand
way and includes plenty of screen shots to help with his
explanations. He uses
for his examples, which is understandable as they are
the biggest of the betting exchanges.
I have seen other
services advising to lay horses at odds of 5/1 and 6/1.
These show long runs of horses failing to win, but when
a horse does win, it can set your betting bank right
back. Raj on the other hand concentrates on short priced
He explains exactly
which races you should be looking at and what to look
for in deciding whether the horse is a worthy favorite
or worth laying. He gives examples for both flat and
national hunt races and talks you through the factors of
the race and the conclusions arrived at.
In fact the basic form
analysis that he passes on is not only useful for people
wanting to lay horses to lose, it will also be useful in
stopping you from backing favorites to win at odds
shorter than they should be.
Raj also explains the
advantages of laying more than one horse in a race and
when to lay the horse not to be placed (finish 1, 2 or
3rd) and what odds to set.
In addition to the
eBook you also get access to a members forum where you
can post questions to Raj or find out how others that
have purchased the eBook are getting on with their
OK it's all very well
in theory, but does it work and can you get people to
take up your bets in order to make a profit. Well as
they say the proof of the pudding is in the eating, so
having read through all the information and examples I
had ago at analyzing the days racing using Raj's
He uses the paper
version of the Racing Post for his examples, but I used
the online version, which is just as good. I scanned
through the race cards and highlighted 4 races for
analysis. Of these 2 of the favorites looked worth
The 1st was in the 3.20
at Plumpton. Garruth was forecast priced favorite at
5/4. Despite it's short price I considered it well worth
laying from what I had learned. Over £16,000 was matched
on Betfair at odds of 2.1 (11/10). Garruth was well
supported in the market and went off at 11/10, but could
only managed 3rd place.
The 2nd was in the 3.30
at Hereford. The favorite was Tombazaan. It's forecast
price was 7/4, which is bigger than Raj recommends, but
it stood out as too good an opportunity to miss.
Checking on Betfair I could have laid it at odds of 2.9
(19/10). In the live betting market it drifted from 7/4
out to 3/1 2nd favorite and finished only 4th.
So two out of two. By
no means conclusive proof, but an excellent start. The
two other favorites I looked at and decided not to lay,
I'll continue to paper
trade for a few days then if all goes well I'll be
dusting off my
account and putting my new found knowledge into action.
Reviewed by Steve