WHY PEOPLE LAY AT 1.01

[Swimming999]

Hiya guys

i carnt seem to get my head round why people lay at 1.01 1.02 1.03 etc

thanks

[jimibt]

mainly because there is a chance that the runner will still lose the race and thus your £1 stake bags you a £100 prize!! of course, it's the knowing WHEN that keeps it profitable.

as an aside, you'll often see prices in the football CS markets sitting on 1.02/3 odds at 90'+. A fellow forum user that I know has made reasonable profits from laying the CS market when a bunch of combined signals are indicating a late goal (after normal 90 mins).

[Swimming999]

ohhh thank jimbit

[eddy9005]

another reason people lay at 1.01 is it takes the liability off of your ballance so if you back a £100 at 2s and your horse wins and you get a matched bet at 1.01 you gain your £100 liability back also if there was a stewards or your horse gets overturned for any reason you dont have loses.

[Rstrach]

I often use this technique if a race has had a controversial ending i.e horse violently swinging off course obstructing another rider as they come on strong it allows you to recoup 99% of a trade prior to any stewards inquiries etc. as mentioned by prev poster above me.

Basically taking a small hit to recoup most of your winnings that can be very worthwhile.

Hope this helps

[Micah1880]

I can never get my head around why people back at 1.01! It never seems worth the risk to me.

[Rstrach]

I can never get my head around why people back at 1.01! It never seems worth the risk to me.

Technique known as money buying can be profitable for big money traders should the oppurtunity present itself, not so likely at 1.01 but at 1.02 if your horse is 4 lenthgs clear with half a furlong to go i am aware a few guys make side incomes on this aspect of betfair only. Big stake, small reward.

[spreadbetting]

I can never get my head around why people back at 1.01! It never seems worth the risk to me.

For horse racing you need to remember the 1.01 backers are generally on course players, even though the bets get sent in at 1.01 x-matching and existing offers mean they'll usually get matched at much higher odds with the stragglers picking up the 1.01.