Form Ratings Free Strategy Guide

Daily Lay Tips For Races In The UK And Ireland

Horse playing up before the race

The free Daily Lay Tips will now only be available on weekends; however, you can subscribe to the full service for just £5 per month, as explained below.

Daily Lay Tips Dec 20

(1) Buckna Hfo 11:58 1.38
(5) Alfie's Princess Hfo 14:13 3.00
(5) Aisling Oscar Ncs 18:00 1.38
(1) He Can't Dance Thu 15:05 2.75
(6) Fans Favourite Wol 17:15 3.30
(5) Skycutter Wol 18:15 3.50

When you subscribe to Daily Lay Tips, they will usually be sent to your email address before 9.0am on the day of racing.


These Daily Lay Tips are now available for £5 per month - subscribe on the homepage here

About taking a price on the lay bets, I suggest nothing higher than 4.0 on the exchanges

Full Daily Lay Results

RETURN ON INVESTMENT

It’s important to know your return on investment (ROI), but when it comes to lay bets you must make sure that you calculate it properly.

When calculating ROI for win bets you add to together all your bets and divide the amount of profit you’ve made by the amount you’ve bet.

Unfortunately, this doesn’t work for lay bets and you can find that your ROI can look much more impressive than it actually is.

There’s nothing more dangerous in betting than thinking that you’re doing better than you are. In fact, if you think it is too good to be true, then there’s probably something wrong!

The reason we can't calculate the ROI in the same way with lay bets is that you must base your calculation on the risk you have taken.

If you're lay betting 1 unit at odds of 5.00 then you've not risked 1 unit, you’ve actually risked 4.

At odds of 5.00 if the horse wins you're going to be paying out 4 units. If the horse loses then you're going to be winning 1 unit (before commission).

In the following example I'm going to ignore the Betfair commission, this makes the calculations easier to follow.

But, when you’re used to the calculations, you should take commission into account in your own results.

In order to calculate the ROI for lay bets you must add up the total risk that you’ve had and divide this by your profit.

Let's assume that the total profit is 0.88 units from 8 bets. Our risk is not 8 units however.

Because we’re becoming the bookmakers with a lay bet, if the horse wins we're paying out and if the horse loses we’re taking the persons stake that we've been matched with on Betfair.

Say for example, on the first bet, we lay the horse at odds of 3.5 for 1 unit.

This means that we’ve taken a bet from someone offering them odds of 3.5. If the horse loses we take their 1 unit bet and if the horse wins we pay them out at odds of 3.5.

In our example, say we’ve risked 25.37 units across 8 bets.

With a profit of 0.88 units we can now calculate our ROI as…
0.88 / 25.37 = 0.0347

We multiply this by 100 to make it into a percent and we have 3.47%.

This is very different to the 11% we got by calculating it the wrong way!

Now that you know how to calculate the ROI for lay bets, you can double check that you’re doing this for any lay strategies you’re currently using.


Get our free Strategy Guide to improve your betting

How to calculate ROI for lay and back bets

Hi Chris, I see you are giving out free lay service tips but can you also explain why you are laying these horses? Many thanks.

Answer: Hey there,

I'm Chris, the author of the Daily Lay Tips service. I'm glad you're interested in using my tips, and I'm happy to explain why I'm laying these horses.

First, let's talk about what it means to lay a horse. When you lay a horse, you're betting it will lose. This is the opposite of betting on a horse to win, which is called backing a horse.

There are a few reasons why I might lay a horse. First, I might think that the horse is overpriced. This means that the horse's winning odds are higher than they should be. For example, if a horse is 2-1 to win, but I think it should only be 3-1, I might lay it.

Second, I might think that the horse is not in good form. This could be because the horse has been injured, or because it has not been running well recently. For example, if a horse has not won in its last three races, I might be more likely to lay it.

Third, I might think that the horse is not suited to the track or the distance. For example, if a horse has only ever won over short distances, I might be more likely to lay it in a long race.

Finally, I might think that the horse is not the best horse in the race. This could be because the horse is up against more experienced horses, or because the horse is not as well-trained as the other horses.

Of course, there is no guarantee that any of these horses will lose. Betting on horse racing is always a risk, but I believe that my tips can help you to reduce the risk and increase your chances of winning.

If you have any further questions, please don't hesitate to ask.

Thanks,
Chris

Overview - the daily lay tips are provided free every day on the website. The tips offered are usually very low priced in the market, typically averaging less than evens at industry starting price.

The tips are drawn from the UK and Irish horse racing industry and posted on the website the evening before the next day's racing.

The rewards: For anyone using the selections the fact that they are posted the night before the event means they have ample time to obtain the best prices available on the betting exchanges.

They also have plenty of time to make their own assessments of the relative merits of each selected tip.

The risks: Betting on the outcome of horse races is inherently a risky enterprise however the Daily Lay tips can reduce the size of any loss as they are often short priced false favourites.

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