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Otherwise, your lay odds should generally be lower than your back odds. Placing back bets is simple. You pick a market or outcome, check the odds, and place money on whether or not you think that outcome will occur. That, largely, is where the idea of using lay betting alongside came in. However, to get access to the best lay betting opportunities, you are likely going to need to use a betting exchange. This comes back to the idea of matched betting.
Placing lay bets is where things can sometimes get a little complex for some betters. As mentioned, laying a bet means you are either selling odds on a certain event or that you are betting against your back wager. Effectively, if your back bet wins, you lose your lay bet, but if your lay bet wins, the opposite happens.
This is why free bets are so popular in the world of matched bets. With no physical cash being placed at one end, you stand to make a profit regardless of the outcome. Understanding lay betting can be tricky at times, but think about it as if you are acting as the bookmaker. In the betting exchange, you are offering odds on something NOT happening — and someone will fulfil that bet. The basic maths can be easy to understand — but it takes genuine time and practice to be able to turn a regular profit from this type of bet strategy.
However, the fact of the matter is, it will likely differ from better to better. To that end, you should be able to make more precise judgements and to find where you can generate the most profit. Consider tennis, cricket and football for odds which can change wildly even mid-play! Back betting is where you choose to buy into odds.
It only takes 5 minutes a day to find the selections and a further 5 minutes a day to place your bets. Open up informracing. In this example, we find that race 3 at Carlisle meets our criteria. We then see that every horse has posted 3 LTO figures which means they have all ran at least 3 times. This is important as we want to use horses that are mainly exposed and have historical data that we can use.
Go to oddschecker. We can see from below that the top two are:. Go back to the inform racing racecards to see what running style these two horses have. We are looking to see if they have a run style of 1 or 2 which means they like to lead from the front, or at least race prominently.
Run Fat Lass Run qualifies as it came second last time out using a run style of 2. This is good news, as it means we have a system bet! However, Betfair odds can change at any second. This populates the pink cells with the lay amount stake you need place and the lay amount odds you must place the bet at. So we guarantee a profit if the horse wins or loses. See the option circled in red below.
We just wait for the race to be run and we check back later to see our profit all things going well! It shows your profits if your bet turns out the way you expect.