Lay Training

Many persons who now make a decent living online have gone through lay training. If you are a beginner, you might not even know what that means, but if you want to start a successful online betting career, you will have to learn to master this technique.

OK, one thing at a time. What you probably do know and have heard about is back training. Even though the term “back” might not represent anything to you also, if you’ve bet at least once in your lifetime the great probability is that you made a “back” bet.

The backing bet is when you place a bet on an event, at certain odds, anticipating that the respective event will happen. The odds are set by the bookmaker, and they depend on the probability that the respective event will happen. If you are right, you get the profit, which is directly proportional to the amount you stake and the odds that the event had.

Ok the, with that out of the way, what lay betting? Simply put, it is exactly the opposite, meaning that you bet that a certain event will not happen (for example you bet that a Manchester United will not win the match against Chelsea). If Manchester doesn’t win (so even if the match ends as a draw), you collect the profit. Easy, right?

Yes, that’s right, it is a lot easier than backing indeed. As a matter of fact, if you haven’t already guessed it, you get to play the bookmaker yourself. And we all know that in the end it’s the bookmaker who always comes on top.

After all, it’s a lot easier to predict that will not occur rather than predicting one that will absolutely 100% happen. This is exactly what makes lay betting a great source of income even for betting beginners… up to a point.

In the case of lay betting, you know how to carefully choose your odds. If you don’t set the odds right, two things can happen: it’s either that no one will ever back your bet or that you might lose a great amount of money.

Also, the earnings are calculated differently than in the case of back betting. In case you are right about your laying bet, what you get as profit equals exactly the amount that you were willing to stake.

Betting exchange companies such as Betfair accept lay betting as part of their policies and this is actually the thing that makes Betfair so popular. As was mentioned before, there are lots of people who made decent amounts of money (or more) just with the help of this technique, even with little lay training.

About the Author

Dan Borlan is a professional SEO for Mike Filsaime Inc. If you require professional help you can contact Dan at: www.1certifiedinstaller.com