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Home » Recreation And Sports Articles » Betfair Lay Betting Tips And Secrets Are You A Backer Or A Layer

Betfair Lay Betting Tips And Secrets - Are You A Backer Or A Layer?

If you place a 'back' bet with a bookmaker in the usual way and the bet wins, the bookmaker will pay out your winnings. If the bet loses then the bookmaker will keep your stake money. By taking bets from people in this traditional way enables the bookies to make millions of pounds profit each year. You become the 'backer'.

A 'layer' is the complete opposite of a 'backer', it's basically the same as playing the role of the bookmaker. Since the introduction of betting exchanges such as Betfair, you now have the unique opportunity to lay bets in the same way as a bookmaker. If the outcome of the event that you lay bet does indeed lose, then you get to keep the stake money just like the bookmaker. You become the 'layer'.

As people say "you don't see a poor bookie very often".

Therefore, you might want an answer to this question:-

If you can make money from lay betting in the same way as a bookie, by being a 'layer', why would anyone want to be a 'backer'?

Well, it depends on what you expect to achieve from lay betting, also what your general betting expectations are. Let me explain ...

The back bet - typical 'backers' attitude ...

Someone looking for a 'quick fix', knowing that each time they make a back bet the odds are stacked firmly against them, they are lured into 'backing' based purely on a hunch, or a betting tip, maybe from a mate at work. For handing over a relatively small amount of cash,combined with the exciting prospect of a possible good win looming, the temptation can be simply too much to resist.

If you enter a bookmaker's premises you will often observe many 'gamblers' with their lists of lucky numbers, betting tips, hot tips etc, going about the same routine always used to make their selections. A couple of minutes before each race, they hurriedly glance through the race card, make their selection then run to the counter to place their back bet, then invariably watch it lose. The strange thing is that they follow this same pattern race after race, day after day, week in week out ' and the bookies love them!

Now, I am not suggesting that every backer falls into the above categories. Sometimes, 'backers' will strive to put in the extra work needed, helping them with their final betting selections, by analysing stats, studying form, maybe taking advice, of following good quality betting tips etc.

If you fall into this category because you have developed your own unique method for selecting that really hot horse in a race, or statistics might be your thing, giving you a profitable edge to your favourite sport before you decide on that all important back bet. If so, I wish you luck because you have done extremely well, but you are very much in the minority.

The lay bet - typical 'layers' attitude ...

There is one very important thing that most 'backers' and 'layers' are likely to have in common - they both want to make as much money as possible in the shortest possible amount of time. This fact is undoubtedly true, but with some important differences. The 'layer' will not be expecting to make a killing from just one lay bet, therefore is likely to be more patient and better prepared, safe in the knowledge that the Betfair lay bet is readily available.

Patience will play a big part in all successful 'layers', their attitude to risk will be much better adjusted, knowing that their profit will come over a period of time by strictly following a good staking plan, they will only lay bet when their system indicates a strong lay betting opportunity.

Now we all know that it's much more difficult to pick a winner, than it is to pick a loser. Therefore, unlike the 'backer', the odds are stacked very much in the 'layers' favour as far as the probability of a successful lay bet is concerned.

Sometimes, this greatly increased chance of a successful lay bet can lure the inexperienced layer into the trap of thinking that lay betting is easy. Well it is easy to do, but you need to make confident lay bets based on sound judgement and analysis, always making sure that you are completely familiar with the type of event you are lay betting, no lay betting on whims, or hunches.

On the other hand, the experienced and clued up 'layer' will have complete confidence in their selection process, whilst adopting a highly disciplined and professional approach to their lay betting. They will never lay bet with money that is needed for other important things like household bills, only using money that is set aside purely for their lay betting activities. Sticking rigidly to a good solid staking plan they will never over commit themselves.

If your aim is to be highly successful at lay betting on Betfair, you should be looking to achieve a win rate of around 9 times out of 10. This is realistically achievable. Remember you are looking for losers, not winners.

I do hope this helps you to decide whether you are a 'backer' or a 'layer'. Thank you very much for reading this article.

It will come as no surprise to you that I am most definitely a 'layer'.

Which one are you?

-Lawrence Taylor-

And here is another random article you might be interested in...

How To Hire Like The Fortune 500's: A Guide For Small Businesses

A recent iLogos Research study revealed 94% of Fortune 500 companies now hire employees online, a stark contrast from 1998, when only 29% of them were doing the same. If you own or manage a small business, that means the vast majority of your fiercest competitors are now spending less time and less effort on recruitment. And that leaves them with more time to, simply put, get a leg up on you.

Sure, it sounds like a threat. But isn't lack of technology an inevitable drawback for most small businesses? Absolutely not. Maybe 10, even 5 years ago. But not today.

Every time we do market research with small businesses, we hear three top reasons why the business has not yet implemented an online hiring solution, in which job candidates apply online:

1. The cost is too high

2. They lack the technological know-how

3. They believe setting up a recruitment software would take longer than just doing it the old-fashioned way

Those are all valid concerns, considering most small businesses operate on a tight budget and without an in-house IT department.

The good news is small businesses are fundamental to the North-American economy. In fact, according to the U.S. Small Business Administration (SBA), small businesses drive the U.S. economy, representing 99.7 percent of all employer firms. In Canada, according to Statistics Canada, businesses with less that 100 employees account for 98% of all employer businesses.

Business software developers are now recognizing the importance of SMBs and designing employee recruitment software that caters to the specific budgetary and technological needs of small business.

It's important to do your research and find the technology that's the best fit for your company. When shopping around for a recruitment manager program, make sure to ask yourself the following questions:

1. Cost: Is the advertised price of this product the actual price my company is going to pay?

Beware of offers that are full of limitations. For example, will you have to pay more if a lot of people apply for your job? Is there a hosting charge for filing all the applicants' resumes? Is there a time-limit for your job posting, after which you have to pay extra charges?

2. Ease of technology: Is the technology really easy-to-use, even if I'm a computer novice?

The best way to find this out is by trying the product yourself. Most companies offer free trials of their products, which are a great idea, as long they are risk free. Keeping in mind question 1, make sure the trial has no hidden charges. Also try out the front-end application process to make sure it's really going to be easy when your job candidates apply online.

3. Setup: How long will it take to get up and running?

You don't want to get stuck with a product that takes so long to setup, that by the time you're done, you could have done everything the old-fashioned way. It's a good idea to talk to a sales representative and ask him/her to explain to you the exact steps you'll need to take to setup for a job.

4. The product: What's included?

What does this product do? What doesn't it do? Some programs offer only the online job posting functionality. Others focus on the back-end, like collecting resumes, organizing, filtering and searching employees, scheduling interviews, etc. When looking for a program that takes care of the back-end, make sure the company will also be able to help you with the posting functionality, whether you're putting up a poster on your store window, running an ad in the local paper or posting on job websites.

5. Service: Will I get a helping hand?

Since most small businesses do not have an IT department, one of the most important questions to ask here is what kind of service will you get. Will you get email support? Phone support? Online Live Help? Will you be speaking to a real business person who knows about the specific challenges you're facing, or to someone who only knows the tech aspects of the program?

Remember it's your company's efficiency that's at stake here, so don't be afraid to ask questions or request a free trial. Hiring online may sound like something only fit for the big guys, but remember this is the 21st century, which means technology and small business are the most important aspects of our economy.