How to make amazing lay profits with betting exchanges/Betfair

“To back or lay, that is the question…”We all know how to “back” an outcome. Lets look at an example race - the 3.50 at Haydock. Here you are paying money to bet that the horse will win (or, you are “backing”). So, if your selection wins, you recover your stake plus the odds you took to back. If your selection loses, you lose your stake.But – what if you could do the reverse, and bet that the horse will lose? (Or, “lay” the horse) Here, you would offer odds to other people to “back” that horse to win. So, if your selection loses, you recover the backers’ stake. If your selection wins, you lose your “liability”, plus the backers’ stake.Let’s look at our example, this time, “laying” the horse instead of “backing”. Say you lay the horse at 4.0 (or 3/1), for your £50. If your selection lost, you would win the backers’ stake (£50, in this example). If the selection won, you would lose your liabilities. “Liabilities” simply means the amount you stand to lose by “laying”. So a 4.0 bet at £50, would have a £150 liability – this is the amount you could lose by laying that selection. The actual amount you would lose is called “Payout” – this is just your liability, plus the backer’s stake, added together.Something to watch out for is the way the exchange deals with your deposited funds, when laying. If you are backing a selection, you will only have your stake removed until the outcome is known. (£50 to back - £50 removed from your account) If you are laying, the amount removed is your liability. So, £50 to lay, at odds of 4.0, would mean £150 liability – that’s £150 removed from your account, until the outcome is known! You will need to have enough funds in your account to cover your liabilities in order to place your bets, therefore if you get into a situation where you can make a profit, but the funds are not in your account to cover your liabilities, then you cannot place that bet. So bear this in mind when placing your initial stakes.The most satisfying and indeed profitable ways to make money on the exchanges are very much like your day trader may find on the financial markets. He or She buys low and sells high, or in the case of trading on a betting exchange, lays low and backs high - or at least higher than what he layed the same thing for, in order to get a profit whatever the outcome. See previous chapter “To back or lay, that is the question…” if you are unsure.So we want to place a bet that will create a profit, regardless of the outcome - there are two strategies that we can use in order to make it a no lose bet.For example, back at the 3.50 Haydock race – we’re looking for an outright winner before the race starts. We’ll back Horse 1 £100 at 10.0 (or 9/1) to win, with an intention of laying off as the odds go down. This is how you make a profit, no matter what the outcome is!As the start of the race gets nearer, the odds to lay begin to reduce – and we lay the horse £125 @ 6.0 (which is £625 in liability, and £750 payout).So now our overall results are a profit, no matter what the outcome! Here’s how:•If our Horse wins, we would win £900 for our back bet but lose £750 from our lay bet, therefore giving us a profit of £150.•If our Horse loses, we would lose £100 from our back bet, but win £125 from our lay bet, therefore making us a nice £25 profit.What makes the difference in producing a profit, or having a loss? The difference is how we selected the right horse to use as our selections. There are many various ways to make selections, some better than others. I won’t tell you how to make these selections here – if you are interested in joining my lay tipping service, which has on average an 80 strike rate, just visit my website, as listed below.I hope this explains the advantages of using exchanges over a regular bookie! If we’d have just backed £100 on Horse 1 at a bookie, we would have lost it all!Learn how to make amazing lay profits using betting exchanges, and see our 90 Tips Service with fully proofed results!http://www.amazing-lay-profits.co.uk

Comments? Questions? Email Here

© HowtoAdvice.com

How to Advice .com