We’re introducing 'Lay of the Day’ at Before You Bet where we’ll highlight a horse (sometimes multiple) that our racing experts expect won’t win the race, and as such, are keen to take on by placing a lay bet at Betfair.
These horse racing lay picks typically aren't long shots with no chance of success. Instead, they are runners with relatively low odds that are our racing experts consider to be overvalued in the betting market.
Placing a lay bet is only possible for Australians by betting with world's largest online betting exchange, Betfair. If you don’t already have a Betfair account, click here to join Betfair.
Lay of the Day - Saturday, December 2nd 2023
Caulfield Race 10: Premier Signs Doveton Stakes - 5:40pm (AEDT)
(8) Ghaanti is having her 5th run this prep and is the favourite with Jamie Kah on top for Peter Snowden. Most of her races are around the 1100m and 1200m range which she does go well in but she has been settling midfield or worse thereof and there are quite a few run-on type horses in this race so she will need to be on top of her game to win. Prowling, Showmanship and Cardigan Queen are strong so she will want to settle in front of those three. By the 10th race the outside might be the place to be and it just might be a messy race to bet in for favourite punters. Jigsaw, Gravina, Lombardo, Ranges and Semillon haven’t hit the scoreboard so far this prep and would be equally as fit as Ghaanti. She can win, but I think she is a bit short in the market and its one of those races where it should be $5.50 the field.
Previous Results
Nov 24th 2023: Moonee Valley Race 3 - (5) Under and Over $2.50 ✅
Nov 18th 2023: Caulfield Race 3 - (10) Mr Mojo Risin' $3.40 ✅
Nov 9th 2023: Gawler Race 7 - (5) Blood Sweat Tears $3.20 ✅
Oct 28th 2023: Moonee Valley Race 6 - (8) Skybird $3.00 ❌
Oct 22nd 2023: Seymour Race 9 - (9) Morryl Moral $3.20 ✅
Oct 14th 2023: Morphettville Race 9 - (2) Angry Skies $3.00 ✅
Sept 29th 2023: Moonee Valley Race 3 - (1) Najem Suhail $3.80 ✅
Sept 23rd 2023: Caulfield Race 10 - (4) Midwest $4.00 ✅
Sept 20th 2023: Sandown Race 8 - (4) Rick's Cafe $2.90 ✅
Sept 16th 2023: Morphettville Race 5 - (4) Boognish $3.00 ✅
Sept 13th 2023: Sandown Race 9 - (8) Golden Path $2.20 ✅
Sept 8th 2023: Mornington Race 5 - (2) Indented Head $3.60 (abandoned)
Current Streak: 3
Current Record (W-L): 10-1
Current Total: +8u
For tracking purposes, we'll lay to win 1 unit with each lay bet excluding commission.
What is Lay Betting?
Lay betting is when you’re betting against an event to occur. You’re betting that a horse won’t win a race, a team won’t win a match or your player will lose to their opponent.
It’s a perfectly viable and reasonable way to bet, and it’s unique to the Betfair Exchange.
On the Betfair Exchange, when you place a lay bet, you are effectively acting as the bookie and offering a price that other people can place a Back bet with you.
To place a lay bet, click in the pink Lay column on the Betfair Exchange and enter the profit you would like to make and the site will display your risk (liability). By clicking on the odds already displayed, you are accepting the odds set by the punter who wants to place the corresponding Back bet at that price. If you want the odds more in your favour, just enter the odds you would like and wait until a punter matches your price on the exchange.
Just make sure you have enough funds in your Betfair account to cover your liability or you won’t be able to place the lay bet. Find out more in our educational article What Is Lay Betting?
