Laying Horses For Profit - Betting Exchange
There has been a lot written with regards to horse racing and specifically betting on horses since the sport become popular sometime after 200AD during the reign of King Henry II . As we enter a new era with the advent of betting exchanges we must consider whether the sport and betting exchanges have evolved enough to make this a money making opportunity.
The betting exchanges (coined because of its apparent similarities to a stock exchange ) have let average punters offer odds to others to effectively become the bookie. Contrary to bookmaker systems, betting exchanges offer the opportunity to lay, which is to bet that a selection will not occur. This is the position bookmakers have traditionally taken when offering a bet to somebody to back that the outcome will win.
Although many publications exist on strategy for betting on horses to win there is very little on the more modern approach of betting on horses to lose, or laying horses as it has become known. This is a grey area and many have and will continue to argue different laying systems and their benefits.
As time progresses many will attempt to make a living using the betting exchanges and few will succeed. It takes many hours, good discipline and the correct strategy to make it work. You require patience and the acceptance that you will not win every bet.
Many tipster services exist, some with good reputation and others not so good. If you are new to betting whether backing or laying I suggest using one of these services as starting point and introduction into the world of betting. These services may not tell you how they choose their selections but if asked any good ones should provide you with advice on using the exchanges and may provide you with information on doing just that.
Remember: any good horse tipster service will allow you to see their 'proofed' results prior to you joining as a member. These results should be proofed by an independent source. Any so called tipster that does not give you access to these results should be avoided, but remember even with the best tipster service be prepared to lose on occasion and only ever bet what you can afford to lose.
Sam Sinton www.laytips.co.uk
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