Jan 11
3
Lay betting is a method of betting on the outcome of a event that you expect to lose.
Let me give you a example. If you expect a horse to lose a race you can back it to lose which is called laying.
You place a bet on a betting exchange.
The most popular exchange is called www.betfair.com and there is also www.wbx.com
Like any form of betting there is a risk but you can reduce the risk though managing your betting. This is the key.
What I mean by managing your betting is;