What is Lay Betting?

Lay betting is a method of betting on the outcome of a event that you expect to lose.

Let me give you a example. If you expect a horse to lose a race you can back it to lose which is called laying.

Where can you place a bet to lose?

You place a bet on a betting exchange.

The most popular exchange is called www.betfair.com and there is also www.wbx.com

How much risk is there?

Like any form of betting there is a risk but you can reduce the risk though managing your betting. This is the key.

What I mean by managing your betting is;

• log all your betting activities

• have a method of selection

• have a method of staking

• have a bank for betting

• learn to control your emotions

Betting can be bad for your wealth and health if you don’t follow the above suggestions !

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