Things You'll Need:
- Daily Racing Form
- Instructional videos and books on specific lay betting formulas
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Step 1
Use a horse lay betting system by learning how to handicap horses properly. With lay betting, you will have to adopt a reverse strategy for evaluating horses and racing conditions by seeking out specific horses that you know will lose. This can be achieved by researching how a horse performs under certain weather or track conditions and determining whether there is a certain lack of synergy between the horse and the jockey.
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Step 2
Read the "Daily Racing Form" in order to evaluate race results, which will help you handicap horses according to the lay betting system. The "Daily Racing Form," which is available at most newsstands and racing venues, can help you pinpoint horses that are not performing at their best. You can also find it online at DRF.com (see Resources below).
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Step 3
Practice picking out losing horses based upon odds. While it may be easy to spot a poorly performing horse at the end of its career, it is even more lucrative to lay a horse that actually has a record for winning, but is the victim of poorly assigned odds.
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Step 4
Be prepared for the risk of having your losing horse win big when you use a lay betting system. Just as it is possible to make a lot of money when a certain horse wins a race, it is equally likely that your lay horse might win, which could amount to a rather hefty loss. Do not commit to the lay betting system unless you can cover those losses.
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Step 5
Use an online horse betting resource, such as the Go Horse Betting website, for your lay betting system (see Resources below). Many oddsmakers and bookies are reluctant to place lays, since they recognize the strategy.
