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Lay Bet

sjones

26 Nov 12 12:13

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Date Joined: 27 Jul 05

| Topic/replies: 137 | Blogger: sjones's blog

Hi im quite new to Lay betting has anyone had success with it what puts be off a bit is when the odds are 6/7-1 etc which is quite a high liability

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Replies: 6

By:

fleetingglimpse When: 26 Nov 12 12:25

Hi, bit puzzled, you have been member for 7yrs, would think you would have the gist of a lay , question too general , but lay low and back high for starters

By:

sweetchildofmine When: 26 Nov 12 12:26

if you can lay an 8/1 shot at 7/1 you should win in the long run

By:

sjones When: 26 Nov 12 12:28

Hi ive only come on betfair in and out to back for fun, but just wondered if the lay bet be profitable in the long run !

By:

fleetingglimpse When: 26 Nov 12 12:43

look for fixtures/matches when odds can be driven by emotion , ie England National teams, some mileage in that, all been said before i know

By:

undern When: 26 Nov 12 12:43

Lay bet is a back bet ...

By:

SHAPESHIFTER When: 26 Nov 12 14:50

Nov 26, 2012 -- 12:43PM, undern wrote:

Lay bet is a back bet ...

:)

Yep, betfair have been using that in court for years

OPENING ARGUMENTS

SOLICITOR REPRESENTING BOOKMAKERS: Your Lordships, betfair users are bookies since they are laying horses and should pay additional taxes that, of course, will put betfair out of business....blah....blah.....blah.....blah....blah....taxes....blah.....taxes.....blah.

75 minutes later....

SOLICITOR FOR BETFAIR (looks a lot like Rowan Atkinson), sitting alone: (stands, adjust tie, takes sip of water, nods at massive team of solicitors for BOOKMAKERS. He takes a single sheet out of his breast pocket). Your Lordship, laying is simply "backing the field against one horse." Bookmakers have offered this for decades to the public. Betfair offers nothing new though my clients are flattered by all the attention.

Solicitor for Betfair sits and folds up one page of notes and puts it back in the same pocket it came from, turns an smiles at Bookmakers team and winks.

LORDSHIP: Is this true that you offer the same service of "backing the field against one horse."

SOLICITOR REPRESENTING BOOKMAKERS: Er, yes, your Lordship, but....."

LORDSHIP: Arguments and case are dismissed.

Betfair Solicitor walks over to Bookmakers table and simply says "1.01 sunk" and winks.