When you place a lay bet on a horse, you’re betting that the horse won’t win an event. If any other horse wins, your bet wins. The lower the odds on the race favourites, the smaller the liability generated by the lay bets. The more unpredictable the race is, the more likely the lay bets are to win. So a race that combines unpredictability with short odds on the favourites is the best proposition for lay betting.

Often it can be profitable to lay the favourite for a race – the odds will offer the best value and you have a greater statistical chance of winning a lay bet than a back bet. This is because any other horse in the field can win the event for your bet to win.

It can be tempting to place lay bets on all horse races. Although laying horses should form part of any good horse racing betting strategy, it’s important to realize that some horse races offer better lay betting opportunities than others. Ideally, you need to look for any race with an outcome that’s difficult to predict but that’s also likely to produce a number of short odds favourites at the top of the betting markets.

The lower the odds on the race favourites, the smaller the liability generated by the lay bets. The more unpredictable the race is, the more likely the lay bets are to win. So a race that combines unpredictability with short odds on the favourites is the best proposition for lay betting.

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