For those who are incognizant of what “Laying a horse in a race” means, it fundamentally means the same thing as saying "I bet that this horse will not win this race". Hence, it makes you win the bet if any other horse wins in its place. Thus in fact you are effectively replacing the bookmaker. For instance let’s say you bet by laying a horse at 2.4 in exchange for £100. It so happens that the horse you are laying in the race happens to lose. In such a case what is implied from this is that you have won £100. You lose £140, however, if hose wins the race.

When a layman comes to know about laying horse in a race he thinks that it is quite easy to make quick bucks doing this based on the logic that if he keeps on laying just 100/1 shots he is like to make huge money because they will never win!. What is important to note here is that this system may go on great for a while and you may also mint huge money doing it for a long time without losing. However, just think what would happen if the miracle 100/1 shot takes place. You would immediately loose 100x on the bet unquestionably hitting you your betting balance in a massive way.

Having understood the pros and cons, you must understand how to behave prudently by exploiting the system of laying the favorites. The system of laying favorites involves find out favorites that you believe will not win the race. You need to do this because when you lay lower priced horses you need a lower strike rate.

The public hype is the best known way to find favorites that will lose. Let’s say, you notice a horse drop from 6/1 all the way than it becomes your favorite at 2/1. This is because someone has put in a large amount of money on it. Hence it calls for you to drop in and lay it off. In additions this also proves to be excellent because you get the opportunity to lay off a horse that could be 6/1 for a measly 2/1 and thereby saving yourself 4 points!