The horse races have always intrigued both punters and spectators and that has happened for a good reason. It is an impressive sport, it is fast paced and exciting, and those characteristics are the ones to keep the bettors’ interest in so high levels. But the times have changed, especially with the entrance of the sport in the online betting world and even more after its introduction to the betting exchanges. The reason is very simple and we are talking about the chance the punters have to place a lay bet in horse racing. But what exactly is that and why it is that great for the punters?
Lay betting means that the bettors will choose for an outcome not to happen, in our occasion, a horse not to win in the race. It is the exact opposite of the traditional back bet, having a great twist though. While on the second case your preferred horse will have to end up in the first place of the race, through the lay bets for horse races you just wait for that horse to not end up first, but rather on any other place of the race! In the paragraphs to follow we are going to further explain what is a lay bet on horse races and where you can place such wagers, among other interesting information.
Lay bets for horse races: How to make money with them?
While a lay bet on horse racing not only is an intriguing type of bet, but also a very profitable one, it is difficult to find an operator offering this type of wagering. Fear not, as Brokerstorm.com, the best betting broker globally, has the perfect solution for you and that would be Whitehorse. As you can understand a lay bet on horse racing can only be made through betting exchanges and Whitehorse, which is powered by Betfair, give you the chance to place bets like that. Of course, despite its expertise on tha races, both horse and greyhound races, you are going to find more than 20 more sports to place your bets on. The only thing you will have to do, is register a new account with Brokerstorm.com, jump into Whitehorse and start placing your lay bet on horse racing.
Now, that you know exactly what is the place to be when you want to wager some lay bets on horse races, it is time to further explain what exactly is that and how it works. As you have alredy foretold in the introduction, in that case you choose an outcome that you don’t believe that will happen, in that case a horse that will not be the one to take the first place. It is simple, it is favorable, but it also is risky. The catch behind the lay bets is that in case you lose, not only you will end up losing your bet, but also the liability amount. That is the money another punter staked on the odds you have set on that outcome. Yes, you act like the bookmaker and in case you lose, you will have to pay the winner, so always remember to make cautious choices, deriving from your research.
Lets see an example of placing lay bets on horse races. You have chosen an Ascot race, and then you set your odds. Let’s say that you have set odds of 2.00 on a specific horse to not win and you place 100€ on that stake. Another punter should come and match your bet. In case your selection will be verified and that horse will lose, you will get the amount of money the other punter staked. But on the opposite occasion, you will lose both the 100€ of your placed bet and the winnings you will have to pay out, making a total of 200€.
So, you will have to check out the most favorable markets to place your lay bets on horse races, never leave anything on chance. As we told you, one of the best markets for a lay bet on horse races would be the Outrighht market, since you have to guess just the horse that will not end up first. It would be a great strategy to place a lay bet on the second or the third best horse, as they will give you the chance to get great odds. You can also go for the tote market or the place market, both of them come with great chances of winnimg and the same goes to the forecast market.
In case you have been wondering, after reading all those things mentioned on the previous lines, why should you go for a lay bet horse races, we just want to remind you that you have more possibilities of winning instead of choosing the horse to come out on top. Also, you are allowed to make higher bets than you would normally do on a traditional bookie, while you wil also get higher odds, making your betting experience ven better. Just jump into Whitehorse and start placig your lay bet on horse races and you will find out by yourself all the benefits coming with that type of betting.
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