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One of the many reasons that Betting Exchanges like Betfair have had such phenomenal growth and success in recent years, is down to the fact that individuals are now able to use the lay bet system (take bets), thereby doing away completely with the need of the traditional bookmaker. The exchanges offer a unique service known as the lay betting system, providing a modern alternative to the conventional back bet system. They also offer many other additional and valuable features within the exchange environment. Betfair is undoubtedly the largest exchange in the world, offering people a real alternative to the traditional form of 'backing system'. You now have the unique opportunity to use this system by playing the role of bookmaker known as the 'laying system'. Lay betting systems (taking bets), playing the role of bookmaker - what does this mean? In really simple terms, lay betting systems on the exchanges offer you the opportunity to form an opinion using your own judgment, by predicting the outcome of a sporting event that you consider will not win. This is known as the 'lay bet system'. No longer is it necessary to only back winners for you to collect your winnings, you can now place a lay bet using the exchange system. This puts you in a unique and extremely powerful position of being able to make money from the world of losers. Betfair lay betting systems, let me explain with an example of how the laying system works... Consider this, your favourite football team is playing at home and you feel absolutely certain that a draw is most certainly out of the question, simply because you have been watching their progress closely throughout the season. Lay betting system match odds on the Betfair exchange are as follows:- Team-A 5/2, Draw 2/1, Team-B 5/2. Lay bet system odds of 2/1 on Betfair, here's an explanation of how to use them:- The laying odds for the draw are 2/1 in this example, therefore laying the draw for say £10 then... If the result of this football match did end in a draw then you would lose £20 (2 x £10). If you played the role of bookmaker by using the laying system to lay bet the draw and this football match did not end in a draw, then you would get to keep the £10 stake money (less a small commission for Betfair).
Slide 2: Laying system explanation using Betfair: A traditional bookmaker would keep your £10 stake money if the bet lost in the conventional way (back bet system). Using the 'lay bet system' example above would be exactly the same as using a traditional bookmaker to place a £10 bet at odds of 2/1 but when using a laying system there is one vital difference, if the bet loses as expected then you get to keep the lay bet stake money, in just the same way as a bookmaker. Exchanges offer a variety of opportunities on almost any sporting event imaginable. People from all walks of life can now experience the thrill and excitement of the laying system on almost any sport. This could be cricket, football, rugby, horse racing, or maybe golf, in fact if it's a sport then you can probably lay the outcome. Let's take a look at another example - this time we will take a look at horse racing and how you can stack the odds in your favour, instead of against you, with laying. BACK BETTING SYSTEM: In this example we will use an average 12 runner horse race. With the traditional 'back bet system' you would need to find the winner of the race in order for you to win the bet. This means that you only have 1 horse running FOR you (this is the horse that you have bet on to win) ALL of the other 11 horses are running AGAINST you. If your selected horse fails and any one of the other 11 contenders go on to win the race then you lose you stake money. LAY BETTING SYSTEM: Using the same horse racing example as above with 12 runners. If you lay bet just one single horse in a race by using an exchange such as Betfair, the odds will become very much stacked in your favour, simply because with the laying system, you can create a unique situation where only one horse is running AGAINST you (the horse that you have lay bet to lose the race). If any one of the other 11 horses actually go and win the race, then you win, simply because you have put yourself in the unique position of having ALL of the remaining 11 horses in the race actually running FOR you. I realise that all this might sound a little confusing, particularly if you know absolutely nothing about the subject. However, the potential profits are there for the people who take the time to learn all they possibly can about exchanges and laying systems in general. Let's face it - picking just 1 horse to lose a race with 12 runners must be easier than picking 1 horse to win. I think you'll agree the laying system opens up many more profit making opportunities by stacking the odds firmly in your favour. Why have just 1 horse running FOR you when you could have 11. I do hope you can see the possibilities here. -Lawrie Taylor-
ABOUT THE AUTHOR: Lawrie Taylor is a systems analyst who loves to make money with lay betting systems on the Betting Exchanges using his Betting System. He has developed a unique and powerful Lay Betting System that can turn £1,000 into £20,000 (or more) per year, winning 9 times out of 10. For free results and further information, go to: http://www.topbettingsystems.com
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