Win by Losing--Laying bets on a Horse Racing System
Betting exchanges are a recent introduction into the betting world that
have taken the UK gambling community by storm. In the past, bets had
to be placed with bookies, where the punter would back a team or entity
and the bookie would lay the bet. In this system, the bookie would lay
the bet backed by the punter and offer the odds. Betting exchanges cut
out the bookie and allow punters to both back and lay bets and offer
odds. In this sense, they work not unlike stock exchanges. This article
will primarily discuss bet laying on races and how to effective use a
horse racing system to find your horses and lay the right odds to
maximize the opportunity for a payout.
It is probably worthwhile at this point to discuss what is meant by
"laying a bet." When you lay a bet, you are betting that a particular
horse will lose. This is the position that the bookie typically takes.
Betting exchanges seek to hook up those who back and lay a horse and
allow them the opportunity to agree on odds. At this point, simple math
comes into the equation, and it is time to find a strategy. Any horse
racing system that focuses on lay betters needs to keep several
considerations in mind.
The first thing any horse racing system will tell you is that you
should never stake more than you can afford to lose. Betting is at its core
a game of chance and even the most careful horse racing system will
experience bad luck occasionally.
Another thing to keep in mind when building your horse racing system is
to remember that you don't have to bet on every single race. Do your
homework, study the horses, study the tracks, and study the conditions
forecasted for race day and when you find that backers are willing to
take odds that you feel are in your favor, then it is time to lay your
bets. If you cannot get odds that you feel are favorable, it is best to
sit that particular race out.
Another thing to remember when consulting or forming your own horse
racing system is that you should not throw good money after bad. After
experiencing a run of bad luck, a punter may feel inclined to place
larger and larger bets in an effort to recover monies lost. While this
strategy may get you out of trouble on the rare occasion, it is almost
always a sure loser. Remember, in the game of gambling, losing money is a
part of life and a run of bad luck should not cause one to change their
strategy. Any horse racing system that changes based on the results of
a few previous races is a weak one at its foundation and it should be
discarded for a more consistent horse racing system.
It is possible to make money laying bets, but it is always necessary to
do your homework and be prepared for losses. Gambling in any form is
not for the faint hearted. Now, go out there, pick those sure losers,
offer odds and have fun! In the end, you may be able to make a little
bit of money as well.
About the Author: Jay A has created a Horse Racing
Systems which Selects UK horses to Lay on Betting Exchanges ,visit his
http://www.horselayingsystem.com for more details