Do people profit with the outragious odds on betfair?

[xchangeDollarz]

hi everyone, im just laying some horses and greyhounds tonight? im a novice.... but when i look at a horse/dog i want to lay... there is lay odds of 100's and so forth. Is this a strategy people use to make money by asking for such high odds? and does anyone know how its done? Because it always makes me hesitate to lay something, since i dont really know how to lay strategically.

[Jenspm]

Re: Do people profit with the outragious odds on betfair? When laying, you want to find horses/hounds where you think the odds are too low. Eg. if you think a horse should be at evens, and it's priced at 1.5 - lay it. while your strike rate will fall, your profit will rise as you lay false favorites. Laying high odds requires extreme knowledge in the field, else you're bound to go on a massive loss at some point.