The 2 Main Ways To Place Your Lay Bets
Here we are going to talk about the two main ways that you can place your lay bets.
One is much riskier than the other as you will see below.
Types of lay bets
Lay Stake bets Explained
A lay stake bet is where we would place a certain amount on each horse we bet on such as 1 point.
So say we start with a 100 point bank and we are willing to bet 1 point on each selection. Let’s also say that 1 point equels £100.
The liability for each selection (The amount you lose if the horse actually wins the race) will then depend on the odds of the horse as shown below.
So in this Example we have 2 horses.
We are trying to win 1 point with each selection so…
To win 1 point (£100) laying Eurato to lose the race we would have to pay out £184 if Eurato comes in 1st place.
To win 1 point (£100) laying Galuppi to lose the race we would have to pay out £184 if Galuppi comes in 1st place.
As you can see the laibility can be much greater than the amount you will win.
This is why i prefer to lay my bets using the lay risk approach.
Lay Risk Bets Explained
A lay risk bet is where we stake our bet so the maximum we have to pay out if the horse wins will be 1 point (£100).
So the liability for each selection will be the same for every bet. The most you will have to pay out is 1 point (£100)
OK So lets use the same 2 horses.
We are only going to risk 1 point with each selection so…
If we risk 1 point (£100) laying Eurato to lose the race we would win £99.99 if Eurato comes in any place except 1st.
To win 1 point (£100) laying Galuppi to lose the race we would have to pay out £99.97 if Galuppi comes in any place except 1st.
As you can see the amount we win if the horse loses will be much lower but the liability is fixed so the most we can lose is 1 point (£100).
Real Life Example
Below are Lay Bet Winners tips over a 1 month period.
By looking at the graphs you can see that by using the lay risk betting approach there is a steady rise with no major nasty surprises.
Using a lay stake betting approach we could wipe out our entire points profit with just 1 or 2 horses winning the race.
In this example below you can see using the lay risk staking plan we made 6.72 points profit and using the lay stake staking plan we we made 8.35 points profit.
In my opinion the safest and recomended plan to use is the lay Risk staking plan.
Far less liability and risk. I would rather build my bank slow and steady that risk massive chunks of it on 1 bet.
The choise is your’s but in my opinion slow and steady wins the race!