Jun
12
Laying longshots
Filed Under Free Betting Systems / advice | 2 Comments
I hear from a lot of people who lay big outsiders in the Betfair horse racing markets at ridiculous prices. They tell me how they never win and that it’s easy money. Generally these gamblers think that the outcome is so unlikely that they are prepared to risk a large proportion of their betting bank on each bet.
After the initial bullishness usually one of two things happen.
They either disappear to never be heard from again or the ones that are more committed come back to tell me how they learned their lesson.
The lesson is that if you are not striking a value bet you will lose in the long run and if you are laying at 100.0 on a 34.0 chance then sooner or later you will lay a winner and at those prices the unprepared will lose their bank.
I read a little factoid the other day which I thought illustrated this well.
Back in 1962 a guy called into the head quarters of William Hill and asked for odds on a human being walking on the surface of the moon before 1970.
He was quoted 1,000/1 and placed a £10 bet which was more than a weeks wages. The rest as they say is history.
The lesson is that 1,000/1 shots can win and that you should always have the value on your side and have a bank that will cope with a losing bet even when you think its impossible to lose.
Darren Power is the Editor of the Betting School Insiders Report which is dedicated to helping you to profit from your betting. You can register for a free sample copy of the report at Betting-school.
NOTE FROM ADMIN HERE AT HORSERACINMANG.COM
Beware if you are laying longshots on Betfair. Mostly the Betfair prices are 100% or more of the bookmakers so you rarely have any good value bets. If you have to deal with long shots then I recommend backing them on Betfair instead since the prices are much higher on betfair than with general bookmakers, and longshots DO WIN!
Your right there ‘admin’
Laying on ‘longshots’ is a desperate and disastrous method of betting.
I’ve noticed that when betting at the weekends, it regularly happens that the outsiders win races!!
Much better to lay 1.01 – 1.09 in running. It happens quite often that they go on to lose (for instance many times yesterday).
Am not using this strategy myself, but sure that you could make a system around it when you find out which races, courses etc. it happens most.