Free Winner Finding Strategy Guide

BACK AND LAY STRATEGIES

by ERIC

I HAVE A SOFT WARE THATS LET ME BACK THE IST FAV AND THEN LAY IT, I DONT KNOW WHAT IS THE BEST PRICE TO BACK AND LAY, I USE DOG RACING AND BET ON SMARKETS.I LIKE TO KEEP MY LIABILITY AS LOW AS I CAN, I START THE DAY ON 50P STAKES, WHATS THE BEST PRICE FAV TO USE WHAT ABOUT 2.OO AND 2.50.WHAT DO YOU THINK. KIND REGARDS ERIC

Answer: Here's a breakdown of using back-and-lay betting with a focus on minimizing liability in dog racing:

**Favourites and Back-Lay Betting:**

* **Backing the Favourite:** Backing the favourite (dog with the lowest odds) can be tempting, but their short odds often lead to low returns even if they win.
* **Laying the Favourite:** Laying the favourite means betting against them. While this offers the potential for higher profits if they lose, it also comes with a much higher risk if they win.

**Price Considerations:**

* **Odds of 2.00:** Backing a favourite at 2.00 odds means you'll win £1 for every £1 staked if they win. Laying at 2.00 means you'll lose £2 for every £1 you stake if they win. This high potential loss makes it a risky strategy for minimizing liability.
* **Odds of 2.50:** Backing a favourite at 2.50 offers slightly better returns (£1.50 profit for every £1 staked), but the risk when laying is still significant (£2.50 loss for every £1 staked).

**Minimizing Liability:**

Given your preference for minimizing liability, here's why backing and laying favourites with odds of 2.00 and 2.50 might not be the best approach:

Therefore I suggest placing bets on nothing priced over evens which is equivalent to 2.0 decimal.

* **High Potential Losses:** Even a single loss laying the favourite can significantly impact your starting capital of 50p stakes.
* **Limited Returns:** The potential profit gained by backing the favourite is often minimal compared to the risk involved.

**Alternative Strategies:**

Here are some alternative strategies that might better suit your goal of minimizing liability:

* **Focus on Value Bets:** Look for dogs whose odds seem higher than their chances of winning based on form, track record, and other factors. Analyze races thoroughly to identify potential value bets.
* **Consider Betting on Outsiders:** While riskier, betting small stakes on dogs with longer odds can occasionally lead to larger returns if they win, potentially offsetting losses on other races.
* **Experiment with Other Bet Types:** Explore options like Each Way bets (covering both win and place), or Tricast/Forecast bets (predicting the top 2 or 3 finishers), which can offer better returns with potentially lower risk.

Remember, responsible gambling involves:

* **Setting Limits:** Start with small stakes like 50p and stick to a budget you can afford to lose.
* **Prioritizing Fun:** Don't chase losses and focus on enjoying the sport.

While back-and-lay betting can be a strategy, it's crucial to carefully consider the odds and potential risks involved, especially when focusing on minimizing liability.

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