Lay Bets Horse Racing – Is it right to choose your favorite

There is a misconception in the mind of bettors that laying bets for favorites every time will help to win the challenge. It is believed that the reason behind successful win is laying bets for the favorites. Most of them bet for their favorites in almost 4 out of 5 races. The concept behind such thinking is that lay bets horse racing for favorites will have lesser odds and thereby favorites will lose the maximum races which actually reduce the risk of betting.

But calculations and researches reveals that this concept of laying bets for all the favorites each time can result to a dangerous and risky betting game. Some favorites are undoubtedly worthy enough to be bet for. But it’s a false notion that betting for all favorites each time you bet can result to a successful profit because some are over-priced and some are under-priced too.

Also it has been researched that backing all favorites in every race makes a loss of around 6.7%. Hence we can say that laying them can yield a profit of 6.7% only. But this concept is not true because it has been found that laying favorites results to a loss of 0.3%. The reason behind this figure is the exchange charge and over-pricing. If the exchange’s commission is considerably low and if the price offered is somewhere around the SP then there is a chance of earning profit by laying for all the favorites. But this is a myth because you have to pay a good commission to the exchange and your offer price for backing has to be at the higher side than the SP.

Find out the value lay

Before attempting for lay bets horse racing, it is always recommended by experts to have a thorough knowledge about the race, the participating horses and their respective jockeys, weather and many more important conditions. You need to understand the value you want to lay. If you are only concerned with the price of the horse before betting then it can lead to a wrong decision. It is believed that the lower the price of the horse, the difficult it is to search for the value lay because the winning percentage of these horses is closer to their rate of expected win. This is the prime reason why betters fail when they lay for their favorites. You might think that laying for favorites has chances of increasing your bank balance to huge extent, but the reverse is true. Only one solution is applicable in this prospective. If you lay for odds-on favorites then there is a chance of wining the bet to certain extent.

Best way to win by laying for favorites

Laying for overbet favorites gives you a chance to win the bet to certain extent. Overbet horses are actually the hyped horses or the most demanding horses. Media as well as exchange experts mostly talk about these horses. But the saddest part is that these horses do not appear regularly in the racing field. These are the false favorites. You need to find out these false favorites and get informations about these horses which the masses do not know. This task can be easily completed by viewing the stats of the horses. Get to know the following stats like

• Shape of the course
• Class
• Sitting days
• Distance and field size

A complete knowledge of all the above points can help you search for the false favorite inorder to lay bets horseracing. This statistics gives you around 80%-90% accuracy in finding the right false favorite.