BETFAIR is an English betting agency and probably the biggest and most well known betting agency on the internet . Like most betting agencies on the internet nowadays BETFAIR allows you to back almost any sport , anywhere in the world. Whether it be a horse race in Sydney or Manchester United versus Liverpool in the soccer , from Major League Baseball in the U.S.A to a Cricket Test Match in India , BETFAIR will let you bet on it .
The main difference between BETFAIR and other betting agencies is BETFAIR allows you to decide whether you want to be the punter like usual or the bookmaker for a change . BETFAIR has 2 ways of betting instead of just the one unlike other betting agencies . With other betting agencies and the TAB and agencies like them the only way to bet is for the win . Whether it be a horse or a footy team a tennis player or a greyhound you back them to win . BETFAIR on the hand offers you a second way to bet . Not only can you bet on a horse to win or your favourite footy team to win BETFAIR also allows you to back a horse or team to LOSE . Or what is more commonly called LAYING A BET . How it works is simple if you don 't like a horse to win a race you back it to lose . you get to be a bookmaker and you offer odds on that horse losing . if you don 't like the $3 favourite to win the race you would then LAY THAT HORSE AT $3 . IF THE HORSE LOSES YOU WIN . If it does win you have to pay out $3 for every dollar some other punter put on him to win . If it loses you only get back even money or what the punter betted on it to win . At first it sounds bit scarey the thought you losing $3 for every $1 you might win , but when you think about it , this is what every TAB , BOOKMAKER or BETTING AGENCY is doing every time you have a bet as a punter . You decide you want to back a $3 favourite for $10 to win . The TAB or BOOKMAKER gives you $30 if that $3 favourite wins for your $10 . If that horse had lost though all they got from you was $10 .
The big advantage to laying a horse to lose is you got every other horse in race to win . it don 't matter what other horse wins the race as long as the horse you picked to lose , loses . In a 10 horse race you actually get 9 horses racing for you against the one horse you thought would lose . In a 15 horse field you would have 14 horses racing against just one and let me tell you its a lot easier picking a loser in the race then a winner . In your 10 horse field there is only going to be one winner there are going to be 9 losers of course its easier to pick the loser you got 9 losers in the race .
One thing to be careful of when laying bets is to remember you have to pay those odds just to get back even money . worse case scenario is that you LAY A 100 TO ONE LONGSHOT and it actually got up and WON . Some punter puts $10 on that 100 to one longshot it wins they get back $1000 all you would have won off them is $10 , and though its rare for a 100 to one longshot to win it still does happen so avoid them . you don 't want them happening to you .
At FREE HORSE RACING SYSTEMS we recommend NEVER LAY A HORSE OVER 10 TO ONE if it does win its going to hurt .
Look at the FAVORITE in the race first . Remember 2 out of 3 FAVORITES LOSE , and at least if you pick the wrong FAVOURITE it won 't hurt nearly as much as picking the wrong 100 to 1 longshot . If the Favourite looks a hard thing to beat move onto the 2nd Favourite , can it be beat remember only one horse can win .