Betfair trading - lay the field

Laying the field at odds-on to lock in a profit when two or more trade at short prices. You can read more about this strategy at http://betting.betfair.com/education/-generic-betting-principles/07-lay-the-f...

Category:

Gaming

Tags:

• betfair
• trading
• laying
• horseracing

[LikeTotallyRich]

I hit it 1 time on 5.

Lay 1000$ at 1.01

Lay 36$ at 1.04

Lay 12$ at 1.27

Lay 6 at 2.27

Do that on each horse only INPLAY races. You can hit the 1000$ win 1 on 10 times and a win 1 on 3-5 times. It is worth it.

Here you have the secret why people lay at 1.01. It's about a photo finish. Close ending races is GOLD!!!

[racingprofits]

You must be selective for this to work - I would suggest only betting on 5f , 6f and 7f races - handicaps - and set your odds to 1.4 for a lower liability. I would also not do this as a stand alone strategy - but if you have traded pre race and got an across the board profit from greening up then this is a way to boost profits with minimum risk.

[racingprofits]

You must be selective for this to work - I would suggest only betting on 5f , 6f and 7f races - handicaps - and set your odds to 1.4 for a lower liability.

[jwgeezer]

I tried this for a couple of days but lost overall. Definitely not a recommended strategy.

[jwgeezer]

This doesn't work often enough for it to be worthwhile.

[MrArmorflame]

Hi...

I tried to do all this..

-I had two horses that are matched, I was at a loss

-three horses matched ....My profit is zero, my loss is zero

-four matched horses...I had a small profit

Can you explain how is it that you need approximately two horses for a profit ...

Thank you

[bluerosexx1]

you wont be able to use this method backing, bet fair wont allow you to change the odds that much but they still match at the odds before you changed the price, rip off and annoying, of course with backing you only want one horse to reach the odds, I think you would be able to use this backing method with bet angel or similar, if you can work it odds of around 1.3 is usually the winner

[bluerosexx1]

Why some people are moaning about this is beyond me, with this method its clear you have to pick and choose your races, ideally its a short race without a clear favorite, with odds of lets say 4.3, 4.8, 5.3 for the top fancied horses, set the odds at 4, because its a sprint there will almost certainly be a few horses that pip 4. The only problem is if you stake too much and may not get matched, I would say £50 liabilty.

[chuckypud]

if i had done this on every race on september 11th 2010 , i would have been matched 56 times and 35 of those would have been the winners of the races . so i'd have paid out £175 and won £148 after commision making a loss of £27. if i had done it on the 13th sept id have paid out £150 and won £127.56 , another loss of £22.44. so thats that

[asbald]

@onip123 Hi Onip, looked at the video and it seemed to be an interesting concept, one that I have thought of myself of late. I would like to know what your objection is to the idea (without the unnecessary explitives, if you don't mind) so I can understand where you are coming from on this. Cheers.