Horse Racing

For a long, long time sports bettors were limited to only being able to bet on a particular horse, team, player, etc winning with a betting company. The only way you could bet on a selection not winning was by backing all the other outcomes of an event.

In the instance of a horse race, this would mean having to back every other horse other than the one that you thought was going to lose, which as I am sure you can appreciate, is an extremely monotonous affair. Imagine covering forty odds horses in the Grand National just so you could bet that one wouldn't win!

With the advent of the internet, and the sports betting exchange, all of this has changed - for the better. These days, if you want to bet on a selection not winning you can! Simply pay a visit to a betting exchange like Betfair or Betdaq, and you will find a huge number of punters willing to bet against you that the horse, or team, or whatever will win.

So this is lay betting and is basically the opposite of backing. Essentially what you are doing by laying a bet is taking the place of the bookmaker, whose position this usually is.

For More Check out bet on horses