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;
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log all your betting activities
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have a method of selection
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have a method of staking
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have a bank for betting
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learn to control your emotions