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But as we mentioned previously, lay betting is vital for matched bettors. Matched betting is a process which turns bookmaker free bets into withdrawable cash, with little, or no risk. Because lay betting is important for matched bettors, OddsMonkey have teamed up with the number one betting exchange, Betfair, to make life so much simpler.
It was developed to make finding suitable matched bets easier. Previously, this would be a long, frustrating process. To get a better return with matched betting, you need to find an event where the bookmaker price is close to the exchange price. Our OddsMatcher tool scrapes the data from every bookmaker and betting exchange, and allows you to filter for suitable bets.
In the past, it was a point of reference only. But time is of the essence in matched betting. Prices are constantly changing, so you need to be quick. So what did we do? We spoke to Betfair, and with some technical wizardry, we integrated Betfair into our platform.
Before now, the biggest risk with matched betting has been human error. But our integration of Betfair takes us one step closer to eliminating that risk altogether! About Our Company. We are a crack team of software developers and experienced Matched Bettors, dedicated to helping you earn a sustainable, tax-free income every month.
The formula to calculate this liability yourself is. So for the below example, that is: 1. Get in touch. Follow Us. Yankee Calculator. Lucky 15 Calculator. Lucky 31 Calculator. Patent Calculator. Heinz Calculator. Canadian Calculator. Our lay bet calculator is straightforward to use, and quite literally you are only requested to do 3 things:.
Once you are ready with the above information, our lay bet calculator will calculate for you the potential profits as well as the liability that you have. Nowadays, the lay betting strategy is adopted by plenty of punters in order to secure a profit by taking advantage of the bookmakers' offers. Lay betting is a type of betting that is only available on the betting exchanges. In simple terms, a lay bet is an option where you are placing a bet on that a specific event will not happen.
For example, when you are betting on the regular bookmakers like bet, you are backing a selection, which means that a certain event will happen. If on the one hand you back Liverpool and you are placing a bet on that they will beat Manchester United, and the game will not finish in a draw. However, if you Lay Liverpool you are effectively saying that they will lose or the game will be a draw.
Another way to explain what lay betting means is to observe it as an option that allows you to play the role of the bookmaker. Instead of betting on an event happening, you will be betting on an event not happening - exactly this is what the bookmakers do all the time. Something which is absolutely mandatory to understand before placing your first lay bet is the liability that comes with the lay bet. However, that will not be the case when you place a lay bet. If you think of yourself as a bookmaker, you will have to pay out the winnings.
Well, if you lose your bet the bookmaker will keep the stake, but in case you win the bookie will have to pay out your winning, and that can be more than your original stake because of the odds. It is exactly the same way with lay betting. If the selection you placed a lay bet on wins, you will have to pay the winning to the person who has backed this selection.
The amount you have to pay out is called liability. The following example will give you a better picture of what exactly Lay betting means and how it works. If you lay a horse with odds 5. When you are new to betting the lay bet concept may be slightly difficult to understand, this is why we have developed a lay betting calculator that will help you see what will be the potential liability for you. We advise you to either use our lay bet calculator or any other but please make sure you always know your liability as otherwise, you can lose massively with lay bets.
Besides, if you use a tipster who posts regularly lay bets, make sure that you calculate all the amounts before placing any bets. If you want to learn more about lay betting, feel free to check our extensive Lay Betting guide, which will give you more ideas and details about this betting type.
The Lay Bet calculator will be a helpful tool for those who want to get out of the annoying calculations when they are placing lay bets. It will help you to quickly understand how much exactly your liability and your potential profits are. The calculator will also deduct the commission that you will pay to your betting exchange, and at the end, you will know your net profit.
Even if you are not experienced punter, you don't have to be worried, the calculator is user-friendly, and you can take advantage of it without any difficulties. Furthermore, the Lay Bet calculator is fully automated, which means that you will be sure you know correctly your liability and potential profits. Also, if you are not in front of your PC, the calculator will cover you - it works on any mobile devices or tablet, so feel free to use and enjoy our Lay bet calculator! Bonuses and Free Bets.
I would urge everyone to have a lay method as well as a back method. Both work well together. The media pumped up the reputation of this horse as if he was a superstar just because it was trained by Willie Mullins and because he had a good record record in this race. However when you look at the form of the horse coming into the race, he had a blemished record, losing two races in France.
He also had two facile wins against poor oppositie in Punchestown. Also the contours of Punchestown race courses which is a predominantly flat curse is totally different to the severe undulations of Cheltenham. This to me was the perfect example of a hyped up horse by the media. You cannot find over-hyped horses on a daily basis but you can definitely find 3 to 5 favourites each day that are overbet by the recreational punters.
If you fancy becoming the bookie and profiting when a horse loses then LayZy Profits is the perfect tipster for you. Check out his winning graph here proofed results. You first need to reverse engineer where recreational punters get their information to find the selections they are about to place. So we now know that recreational backers will place bets quickly with limited research on their selections.
Even if they do perform some research, it is using widely known factors that are already incorporated into the early morning prices. Therefore we need to look at stats that are often overlooked by the betting public or at least spend more time on the more commonly available stats to determine a weighting for each stat so we can come up with our own ratings our tissue prices. A lot of the newspaper tipsters have very limited time as they tend to tip up a horse in each race, so all they can really do is look at the stats above to make their short list and pick a horse quickly.
If everyone is doing the similar research or backing tipsters who use similar research, of course they will be lots of favourites over-bet and that is where we can make some money by laying. Make sure if you use trainer at course stats that you understand how their strike rate is broken down. A trainer may be down overall for one track, but on deeper inspection, he may be a huge winner at 2 year-old non handicap races but a loser in every other race type.
I know this info can be found for free on the Racing Post, but it takes a few extra clicks to get it, which at least puts you ahead of the lazy recreational punter. UK punters still do not make full use of speed figures here and it is also hard to get your hands on some good pace scores.
Therefore you have to pay to get this information. You can use websites like informracing. Some horses cannot perform in big fields and you will see their strike rate explode when they race in fields of 7 or less.
This is one often overlooked stat. Do you understand how much the age of a horse has an affect on the ability of a racehorse? Do you know that female horses have a terrible record when racing up against their male counterparts? Did you know that Gelded horses actually have a worse record than full horses?
Some horses will only perform in certain times of the year. It is always good to look over this information. Sometimes a horse will finish in 4th position but the speed it posted was in a very fast race and did not get penalised by the handicapper. Spotting these type of horses is a gold mine. If we consider the above factors with all the regular form analysis, then we can find favourites that are overbet and lay on Betfair. There are countless ways to analyse a betting market and some of the biggest betting syndicates use over variables when coming up with their tissue price.
Therefore always look at different ways to spot a factor that would influence the position of a horse in a horse race. You then need to apply a weighting to those factors how important that factor is and come up with a rating for each horse in the race. If you spot a horse priced at 3.
Double check the horses form and class ability to ensure that you didnt miss something. Once you are happy that there are at least 2 other horses in the race with class ability, then you have yourself a lay bet! No longer can you just put lay bets of 2. Some punters look for horses that were favourite but can never seem to finish the job when it comes to the last furlong of the race. You can look at the current favourites using timeform racecards and input the going and trip data for today and see what the favourites strike rate was.
Look to see how low it went in the in play betting market. The calculator displays the stake you should use to exit the trade for an immediate level profit. Same-exchange trading example The example below assumes that you had originally layed at 1. You now want to place an order to back the same selection at 1. Cross-exchange Arbitrage Whereas trading profits from price movements, arbitrage exploits current price discrepancies.
Arbitrage opportunities occur when you can lay a selection in one place site at a lower price than it can be backed elsewhere. If you're placing both bets on different exchanges, Commission will be deducted from their respective profits, making it difficult to calculate the correct level-profit stakes.
Select Cross-Market. Enter the Price of both the Back and Lay bets. Enter the value of one stake constraint, caused by available liquidity, a bookmaker's maximum stake limit or just your budget for the arbitrage. Enter your Commission rates and press Calculate.
If you enter your desired Total Stake as the stake constraint, the calculator will show the correct Back Stake and Lay Stake to ensure a guaranteed level profit, subject to your specified budget.
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