Why I love to lay horses to lose

How to make money from horse racing whilst having a whole lot of fun

Did you know that less than 2% of people actually make any money from horse racing?

It’s true, their is an absolute mass of information out there via websites, magazines, the form book, etc on how to win at horseracing, yet still most people cannot turn a profit in the long term and end up losing money – why is that ?

It’s quite simple really – people tend to treat it as a bit of a game, a laugh, not to be taken too seriously.

Bookmakers get rich on this cavalier attitude, they have big, big houses paid for and furnished by the “mugs” who throw their money away on hopeless strategies and chance

They love the lucky fifteens, the 6 horse accumulators and the 12 match coupon, these bets pay for all their luxury holidays

Do you know of any other moneymaking enterprise where you would leave so much to chance?

If you ran your everyday business on tips & hearsay, you would soon be broke, wouldn’t you?

That’s not to say that their aren’t some good tipsters about, their are, but very few, good long term profitable ones.

So why leave horseracing to chance? sure it’s a lot of fun watching your horse run & lose, isn’t it ?

Only if you lay horses, then it’s fun, if not – it’s not fun, it’s MADNESS!!

Why do I lay horses to lose?

It’s simple, I have more horses running for me in any given race than people who are backing to win and although it’s not easy, I find it easier to find a short priced loser, than to find a reasonable priced winner.. this is very important.

It’s no good betting on favourites

A third of favourites win, most punters bet the favourite, and although they win some of the time, because of the mean prices on offer most of the time, they will lose money overall.

What about betting on outsiders? Well, this is purely for pin stickers unless “you know something”, if a third of all favourites win, this would leave 2 thirds of all winners coming from the 2nd favourite upwards – now approx 25% of winners come from the 2nd favourite so it doesn’t leave a lot of room for the masses of outsiders that run each day.

Even with years of form study, you would still need a large bank, the patience of a saint and must expect very long losing runs – most professional gamblers have been broke a few times before they got it right.

So, how am I better off laying horses to lose?

Psychologically, you are better off because you will win more times than you lose (if you are doing this correctly), also from a fun point of view, whereas with betting to win, you are cheering one horse home, only to find it blunders over the last and unseats the rider.

With laying to lose you are cheering everything on in the race, except the horse you have laid to lose, believe me I’ve had some funny looks from people at the racecourse as I switch allegiance to different horses in the last half furlong at my local track.

And finally

Laying horses to lose has given me a lot of great enjoyment and a nice income for spending time in study doing something I love

You need to treat this wonderful business as, just that – a business. Keep accounts of every horse you lay and follow a strategy, a strategy of continuous improvement, find out who knows what they are doing and learn as much from them as you can.

Study all the articles on laying, form your own opinions of course and treat this as a never ending course of learning

And, please stop paying for all those luxuries the bookies so enjoy, let someone else do that.



Keith