| Betting exchanges are a recent introduction into the | | | | Another thing to keep in mind when building your horse |
| betting world thathave taken the UK gambling | | | | racing system isto remember that you don't have to |
| community by storm. In the past, bets hadto be placed | | | | bet on every single race. Do yourhomework, study the |
| with bookies, where the punter would back a team or | | | | horses, study the tracks, and study the |
| entityand the bookie would lay the bet. In this system, | | | | conditionsforecasted for race day and when you find |
| the bookie would laythe bet backed by the punter and | | | | that backers are willing totake odds that you feel are |
| offer the odds. Betting exchanges cutout the bookie | | | | in your favor, then it is time to lay yourbets. If you |
| and allow punters to both back and lay bets and | | | | cannot get odds that you feel are favorable, it is best |
| offerodds. In this sense, they work not unlike stock | | | | tosit that particular race out. |
| exchanges. This articlewill primarily discuss bet laying | | | | Another thing to remember when consulting or forming |
| on races and how to effective use ahorse racing | | | | your own horseracing system is that you should not |
| system to find your horses and lay the right odds | | | | throw good money after bad. Afterexperiencing a run |
| tomaximize the opportunity for a payout. | | | | of bad luck, a punter may feel inclined to placelarger |
| It is probably worthwhile at this point to discuss what is | | | | and larger bets in an effort to recover monies lost. |
| meant by | | | | While thisstrategy may get you out of trouble on the |
| "laying a bet." When you lay a bet, you are betting that | | | | rare occasion, it is almostalways a sure loser. |
| a particularhorse will lose. This is the position that the | | | | Remember, in the game of gambling, losing money is |
| bookie typically takes. | | | | apart of life and a run of bad luck should not cause |
| Betting exchanges seek to hook up those who back | | | | one to change theirstrategy. Any horse racing system |
| and lay a horse andallow them the opportunity to | | | | that changes based on the results ofa few previous |
| agree on odds. At this point, simple mathcomes into | | | | races is a weak one at its foundation and it should |
| the equation, and it is time to find a strategy. Any | | | | bediscarded for a more consistent horse racing |
| horseracing system that focuses on lay betters needs | | | | system. |
| to keep severalconsiderations in mind. | | | | It is possible to make money laying bets, but it is |
| The first thing any horse racing system will tell you is | | | | always necessary todo your homework and be |
| that youshould never stake more than you can afford | | | | prepared for losses. Gambling in any form isnot for the |
| to lose. Betting is at its corea game of chance and | | | | faint hearted. Now, go out there, pick those sure |
| even the most careful horse racing system | | | | losers,offer odds and have fun! In the end, you may be |
| willexperience bad luck occasionally. | | | | able to make a littlebit of money as well. |