Free Money
- Thread starter Rizlared
- Start date
Big_Lou
Well-Known Member
tyler.durden
Well-Known Member
This thread is chock full of penis and vitriol. 5 starred...
Lucky Luke
Well-Known Member
What does LAY mean?
My farther in law is an ex Jokey and a punter. Ive never heard that term.
My farther in law is an ex Jokey and a punter. Ive never heard that term.
Rizlared
Well-Known Member
If there are 10 horses in a race and you don't think Dobbin will win the race, you LAY Dobbin.
Effectively it means that you BACK every other horse.
In the UK traditional bookies don't accept lay bets but the online exchanges (such as betfair) do.
With a lay bet you stand to profit from multiple outcomes, hence the odds being what they are
Lucky Luke
Well-Known Member
ahh..i think that may be illegal here..Im not 100% sure but i dont think you can bet on a horse to lose.
Im having a punt today on my uncles horse so ill ask at the pub.
Im having a punt today on my uncles horse so ill ask at the pub.
Rizlared
Well-Known Member
Some years ago it wasn't an option in the UK either.
In effect, you are playing bookie.
Someone else within the exchange wants to back Dobbin @ 10/1 so you take that bet. If any other outcome happens (other than Dobbin being victorious) that punter loses the bet to your advantage.
So, despite the hot air proffered by some in here, at the exchange the bet/transaction is between you and another punter.
Betfair is simply the software that makes that transaction possible
ruby fruit
Well-Known Member
what horse ?
Lucky Luke
Well-Known Member
Bonwarrior
Lucky Luke
Well-Known Member
Lucky Luke
Well-Known Member
I hope u didnt put any money on it. I did my $20.
ruby fruit
Well-Known Member
no I didn't mate but ive had 5 races for 3 winners so far..watch out for sebring star next at caulfiled if you see this message
Lucky Luke
Well-Known Member
im back at home,,that was my punt for awhile.
Rizlared
Well-Known Member
So two of my colleagues attempted this, this weekend.
One has made £370 so far and has a few more bookies he can use still.
The other was struggling to match the odds on a race so, rather than leave it, he took a punt. The horse won, seriously eroding his profit.
He's £80 to the good....not bad but not great considering the hours he put in doing it.
So, for anyone wishing to try it...FOLLOW THE SIMPLE RULES
One has made £370 so far and has a few more bookies he can use still.
The other was struggling to match the odds on a race so, rather than leave it, he took a punt. The horse won, seriously eroding his profit.
He's £80 to the good....not bad but not great considering the hours he put in doing it.
So, for anyone wishing to try it...FOLLOW THE SIMPLE RULES
