For those of you not familiar with the term 'laying', it is simply you betting that one horse will not win in a given race. In effect it is you becoming the bookmaker and taking bets from other punters who believe the horse will win.

It could be you are running your own system or that you are getting your tips from a horse racing selection service but laying horses is a very simple thing to grasp and can potentially make quite a bit of money every major betting company lay horses every day and the profits they make are huge!

It is really just as simple as backing a horse and is as simple as just clicking the pink button on betfair instead of the blue button! The only difference is you will input the wager you are willing to cover, for example if you are going to lay a horse whose price is 3.5 and you want to make ten pound you will place the bet for ten pound, effectively risking twenty-five pound.

At this point you will probably be thinking what is the point of that I am risking twenty-five pound to make just ten? Well while it is true that this is the case imagine that this is a 10 horse race, now all that needs to happen is just one of the other 9 horses needs to win and we will have won our bet. When laying a horse we effectively are backing that one of the other horses will win!