A Horse betting tip that no one will ever warn you about..

Since the advent of online betting exchanges where you can easily bet on a number of races and categories, the concept pf lay betting has taken off. Lay betting involves betting on the fact that a horse is likely to lose as opposed to win. This particular concept has spawned what is usually touted as the ultimate horse racing tips on the planet.

This horse betting tip advises you to place lay bets especially on the favorites. It is an established fact that usually punters place lay bets thinking that favorites only win 32% of the time. So the other 68% of the time that the favorite does not win will result in their making a wind fall from the entire process.

This is perhaps the most dangerous thing that any punter can ever do. Laying favorites is an art that needs a lot of practice. You cannot blindly lay favorites and hope to mak ea profit.

Many punters usually think that backing all the favorites in every race makes a loss of about 6.7%. So doing the opposite, and laying them, should realize a 6.7% profit. This is not the case. Laying all the favorites in every race makes a loss of 0.3%, not a profit.

This happens because of commission and over pricing. If you can keep your commission low, and offer a price as close to SP as possible then may be you can profit from laying all the favorites in a race. But realistically you are going to have to pay the exchanges commission when you win, and you have to offer backers a price slightly higher than the SP.

Laying all favorites indiscriminately is dangerous. Just like backing all favorites, laying all favorites is fraught with risk. This is because some are genuine favorites, some are false, some are overpriced, and some are under priced. Overall you can not profit from them.

If you know nothing about a horse, apart from its price, then the shorter the price of the horse, the harder it is to find a value lay. This is because shorter priced horses win at a rate much closer to their expected win rate.

Laying favorites is the reason why most punters fail at laying. They may think their bank will not erode too quickly because they do not have to put up so much risk. But laying favorites purely based on price is as futile as backing outsiders based purely on price.

So before you follow this particular horse race tip always try to gather as much information about the horses and the other aspects of the race as possible before you begin your laying.

Happy Betting!