back/lay

[dundeelad]

alright, i'm quite new to horse racing, and i've heard alot about backing and laying horses. i've had a shot at this, but i'm never sure which way the odds are going to go. now and again you get straight back/lay oppertunities, but the commision on betfair usually wipes out my profits. are there any ways i can tell, or systems i can use, which let me know which way the odds are likely to move? thanks dundeelad

[munki]

Re: back/lay In horse racing as a very general rule of thumb if there is more money on the lay side than there is on the back side then the price is more likely to contract . Conversely if there is more cash on the back side then the price is liable to drift. You do quite often see the markets getting manipulated with a large amount of cash appearing on one side or the other and getting cancelled before there is an opportunity to get it matched so be aware of this . If you are looking to set up profitable trade situations I have found that by far the easiest races to do it in are where there is strong odds on favourite as there is always loads of cash creating a very fluid market .