BETTING EXCHANGES - MAKING MONEY AS A LAYER

BETTING EXCHANGES - MAKING MONEY AS A LAYER

Undoubtedly the most exciting opportunity of all, which betting exchanges have introduced, is the ability for the man in the street to lay results which he doesn't think will happen. This lets you, without applying for an off- or on-course bookmakers' licence and all the cost and hassle it brings with it, to set up your own betting stand and lay bets. No cost of buying a betting shop and paying staff; no cost of buying a pitch; no travelling expenses to the track for you: you go straight into action in a costless environment.

But the real beauty is that unlike a conventional bookmaker, you don't have to price up every runner. You identify the ones you want to offer and lay them accordingly, ignoring the others. The flip side is that the backers, who, like you, have to pay commission on their winnings, will be expecting to get a better price than they would with a conventional bookmaker. So, if a horse is trading at 9/4 at the track, backers are going to expect you to offer at least 5/2 before they will have a bet. This is fair and reasonable. The theory of punter-to-punter betting is that, in a bookie-free environment where it's punters versus punters on a level playing field, the best prices on offer should just about add up to a perfect book of 100% with no over-round. After all, why should the layers have a mathematical edge over the backers? We're all punters at the end of the day. However, in practice, a small over round offsets the volatility and greases the wheels of the market. Punter-to-punter betting while growing massively, is still in its infancy and is still heavily influenced by what's happening on course.

I say bring on the exchanges.....


www.bookiesindex.com/person/laying.html

very very hard making money as a layer

I am not sure where you have been the last few years and maybe push betfair in the search button but exchanges are illegal in SA and Betfair have blocked the footprint to SA

The only exchange is Interbet but it's bookie to punter , punter to punter is not allowed

Sorry

That's also true Bob even if we did have opportunity and the 9/4 vs 5/2 is a poor example, maybe 7/2 or 4/1

hibernia Wrote:

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> very very hard making money as a layer


easy peasy Bob...do you lay horses over there?

wbx.com available to saffas

To be fair......................Keniza says "bring on the exchanges"................that suggests he is calling for there introduction ,not that they are here already!!!!!
Anybody who has experienced the laying side of exchanges will confirm how difficult it is to be successful, normally to their surprise(practise is very different to theory.......lol )
If you are selecting 1 or 2 horses to lay in a race the over round becomes irrelevant IMO.
The lay should be at a price less than the "chance"of the runner and IF THAT GOAL IS ACHIEVED then profit will be the ultimate result.............market prices or SP's just become interesting yardsticks.

Titch Wrote:

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> wbx.com available to saffas


Not legally

I don't understand why it is difficult I mean you don't have to lay every race or every horse just those you think will get beat. it is exactly the same as backing. if you can pick winners then you can pick losers and the opposite is true. It just gives us an option we don't have right now.

Titch thanks for the link, have you tried it, any issues?

keniza999 Wrote:

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> I don't understand why it is difficult I mean you
> don't have to lay every race or every horse just
> those you think will get beat. it is exactly the
> same as backing. if you can pick winners then you
> can pick losers and the opposite is true. It just
> gives us an option we don't have right now.
>
> Titch thanks for the link, have you tried it, any
> issues?

You run the risk of losing your withdrawals

hibernia Wrote:

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> Titch Wrote:
>

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>

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> > wbx.com available to saffas
>
>
> Not legally

Lets not go there again.................lol

hibernia Wrote:

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> keniza999 Wrote:
>

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>

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> > I don't understand why it is difficult I mean
> you
> > don't have to lay every race or every horse
> just
> > those you think will get beat. it is exactly
> the
> > same as backing. if you can pick winners then
> you
> > can pick losers and the opposite is true. It
> just
> > gives us an option we don't have right now.
> >
> > Titch thanks for the link, have you tried it,
> any
> > issues?
>
> You run the risk of losing your withdrawals

don't you get an option to set the maximum risk per event?