If you use a betting exchange, for example Betfair, and are fond of laying horses to lose you probably use the normal win or lose markets to play your lay bets. But have you ever considered widening your horse laying activity wider than that? I ask that question of you as there are wider opportunities on Befair to lay horses and profit away from the straightforward win or lose markets. If you have ever backed a horse each way and seen it stumble home in mid division well out of the places then ripped up your betting slip in disgust you may have picked up on what I am talking about here. Yes. In addition to laying a horse simply to lose you can use Betfair or other betting exchanges to lay a horse not to place. The great thing about the laying for a place is that you can zero in on a horse you feel confident will not win and lay it not even to place at much lower odds thus reducing your potential liability. How often does the hot favourite lose. And how often does it sink out of sight beaten in the back of the pack. Let us say you have identified a horse you think will get beaten †say the favourite †and you lay it at around three to one. If it actually wins you are paying out three times the stake you laid it for. Painful when that happens isn’t it. However, with the advent of place laying markets you can lay the same horse not to place at much shorter odds thus have a much lower liability. It is generally estimated that the favourite only wins one in every three races. Have you ever thought about how often the favourite does not even finish in the first three home. This is where you have an additional profit opportunity on the betting exchanges. You need not restrict yourself to laying favourites for a place. You can lay longer prices horses if you wish to but because you are laying for a place and not a win your liability is lower when the inevitable happens and one does come in. If laying horses for a place on Betfair is something you have not considered before then why not give it a try. Have a look at the horse racing place markets and see what opportunities are on offer for laying horses for a place.
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