The method I will describe is a free horse racing system that will give you consistent profits if applied correctly. The bet will be a ‘Take On bet’. We are betting against a horse, rather than making a traditional back bet, because betting exchanges allow us to do this. Of all the systems I use to make profits on trades, the Lay bet is the one I am very selective with. This is because they are short-priced favourites, and these horses are usually favorites for good reason and win 40-50% of the time.
So to oppose a low-priced favorite, we need pretty strong reasons to do so, because no horse racing system is foolproof. To determine the true chances of winning for the favourites, we need to study the form a bit. Racing Post and Sporting Life are two UK websites with excellent detailed guides. There are many factors to consider when looking at the chances of the horse we are putting in, we also need to look at his strongest competitors in the field. There has to be something on the field with an equal or better chance of beating the favourite.
Ideally, successfully applied La Bet requires three things:
1. A race where the favorite is trading at 3.50 or less
2. At least 25% of Lay’s criteria match the favorite (see below)
3. At least one other horse in the field whose chances of winning match the favorite
All important factors about the favorite being considered for a Lay Bet would be considered strikes against the favorite. Here it is important to study the form of that horse against 8 criteria.
1. Shows signs of having peaked.
2. Has never run before.
3. You are traveling a new distance for the first time.
4. You are running on a certain surface for the first time.
5. Has not been field tested.
6. Carry excessive weight
7. He’s stepping up in career class.
8. It hasn’t worked for a long time
I would suggest that at least 3 of the above criteria should match to consider establishing a strong favourite, of course some factors are more important than others but with experience it is possible to make the right judgements.
Like all horse racing methods and systems, the bet you place must be measurable in comparison to your betting bank. If you adhere to all the factors of the lay, there is a very good chance of success. I usually keep bets at 5% of my betting bank so if the selection wins it’s not the end of the world as the liability Placing favorites is generally low this is the safest way to keep manageable things, whatever the outcome of the race.
With over 10 years of experience in betting exchanges, I have systems in place that practically make money on autopilot. Betting exchanges have revolutionized the betting industry and with legalization imminent in the US, the opportunities and liquidity of the markets can only get stronger. Exchanges offer the possibility of having your own personal money tree if used correctly.
