Laying Favourites
- Date: 2008-06-20 - Word Count: 307
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Laying favourites is an interesting concept that has evolved for the average punter with the advent of the betting exchange. There are many conflicting laying strategies but laying favourites stand head and shoulders above the rest if you have the skills required to identify false favourites.
The process and maths are straight forward however the selection methods are not. In future articles we will cover selection methods however as this is an introduction it is best to start with absolute basics and as the strategy revolves around the maths of odds this Is where we should begin.
Lets look at an example:
David has decided to try the method. He has decided to lay horses that are 2/1 or below. For the fictional David to make money using this technique on the odds he has selected he is required to select a minimum of 3 losers (making David money) for every winner. This would make him one betting stake profit.
In more detail: David is betting £10 even stakes, he chooses 3 losers in a row earning him £30 but he then backs a winner at 2/1 so has to pay £20 making his total profit £10.
Looking at the example above it appears relatively straight forward and almost simple, however this must be done consistently over and over again.
Favourites are favourites for a reason but they only win less than 33% of the time so it is possible to make money and many make a good living doing just that.
If you are a beginner and not confident enough to make your own selections why not subscribe to an independently proofed tipster service until such a time that you are familiar with the strategy. These services can teach you a lot about selections if you carefully watch the tips, results and always question why they chose that particular horse to lose.
The process and maths are straight forward however the selection methods are not. In future articles we will cover selection methods however as this is an introduction it is best to start with absolute basics and as the strategy revolves around the maths of odds this Is where we should begin.
Lets look at an example:
David has decided to try the method. He has decided to lay horses that are 2/1 or below. For the fictional David to make money using this technique on the odds he has selected he is required to select a minimum of 3 losers (making David money) for every winner. This would make him one betting stake profit.
In more detail: David is betting £10 even stakes, he chooses 3 losers in a row earning him £30 but he then backs a winner at 2/1 so has to pay £20 making his total profit £10.
Looking at the example above it appears relatively straight forward and almost simple, however this must be done consistently over and over again.
Favourites are favourites for a reason but they only win less than 33% of the time so it is possible to make money and many make a good living doing just that.
If you are a beginner and not confident enough to make your own selections why not subscribe to an independently proofed tipster service until such a time that you are familiar with the strategy. These services can teach you a lot about selections if you carefully watch the tips, results and always question why they chose that particular horse to lose.
Related Tags: betting, making money, gambling, service, horses, bet, betfair, selection, exchanges, laying, tipster, favourites
Sam Sinton is a professional gambler & tipsterwww.laytips.co.uk Your Article Search Directory : Find in Articles
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