Laying Horses some might think is easy. Well it is, in theory. However on Betfair with the SP price higher than the bookies SP, if you don't carefully select your picks and manage your bank with an effective staking plan, you will lose big time.
There are some crazy systems out there. A well known laying site gives you free picks every day in almost every race (Daily Donkey i think). For a flat £100 stake per lay, it claims to generate £1000's per month. What it doesn't make very clear, is that all the results posted on the website are proofed to bookies SP. Make some calculations and you will find that if you had followed their selections to Betfair SP you would have lost...and lost big.
Half way through the month, heres a quick snapshot of this months results so far. Something I notice on the 1000's of laying tipster websites is that they don't post a screenshot of their Betfair account....hmmmm...makes you wonder..... I like to put my money where my mouth is, and as you can see, my initial £300 starting bank is earning great profit just 14 days into April.
Today we lose 10.15% of our total bank which in our case was £45.
