back and lay in cricket betting5-Point Checklist： Back to Lay Tips (Plus Live Trade)
Tipping a back to lay is becoming extremely popular. But why?
Because it’s so much easier to pick a horse that will lead, or at least travel better than its price than to choose the out-right winner.
There’s still plenty of punters (and traders) making a mess of it though. The problem is knowing what they’re doing, or having a clearly defined plan. So I’ve updated this original post from back in 2014 when Betfair asked me to share a simple strategy for their Pro Traders Campaign?via the App’s directory.
By the end of this post, you’ll understand the five-step framework I consider when picking a back to lay trade and watched a live back to lay recording. It was recorded live for the pro traders campaign mentioned above. This blog is crammed with info, enjoy…
Points include:
Analysing the race
Choosing our back to lay selection
Potential threats
Formulating a strict execution plan
Considering the what-if’s
Each day we post ‘possible’ front-runners via the Twitter and Facebook pages. If you don’t already, make sure you follow me to avoid missing them.
There’s also a daily page on the site here now: Front Runners Shortlist Page.
Backing to lay is?a great way of winning a?quick trade, for a fairly easy profit. Selection isn’t quite so fast, ruling out ‘maybe trades’ is vital. Strict routine and disciplined staking is the fastest way to succeed. Getting over-excited and breaking your own rules will land you in hot water every time, don’t do it.
There are a few useful resources mentioned throughout this post, I’d advise bookmarking them for future reference as you go. As with all trading, the more information you have available, the easier the decision-making process becomes. It’s science.
Not Sure How Betfair Trading Works? See this explainer article.
Before you even consider making a back to lay selection, it’s important to understand the race make-up. A six-furlong novice on the all-weather is going to present a wildly different opportunity to a three-mile jumps race. For a start, the six-furlong race will be over in a fraction of the time. Also, lightly raced horses are often less predictable. Where-as the old sweats tend to do the same thing every time, its logical right?
ProForm race cards are a useful tool to understand the make-up of a race. Previously they guest posted about them on this blog.
Considering the difference between a back to lay on the jumps and flat is another thought. Personally, I prefer the jumps, you can often tell both horse and jockeys intent around start time. Starting stalls present an additional problem if you want to back the leader. You don’t want to get stuck without an exit in an illiquid betting market.
Picking the actual back to lay runner can be time-consuming. I’ve tried various different methods over the years, two sites?saved me a lot of time though;
Racing Alerts via GG.co.uk work really well as it’s possible to mark a specific horse for future reference. The evening before they’ll send you an email to tell you it runs again. Once you’ve built up a list of reliable back to lay horses it’s just a case of checking the inbox and skipping to the later steps of the selection process.
Patternform pace cards?can save a bit of time. You’ll have to be logged in to view them (free). If you haven’t much time and want to scroll through?the days cards it can be done quite quickly. Just to find a stand-out pace horse.
So what are we looking for?
There are two different angles to take when choosing a back to lay. Firstly, and the most reliable in my experience is by choosing a consistent front-runner, in a race where it’s likely to get an uncontested lead. The second is based on the horse’s in-running price data. Let’s look at them both!
Front-Runners – Some horses are renowned for their running styles. They have personalities too! A bit like when you take a dog for a walk, horses get excited when they come onto the course. These horses are usually the best front-runners. Why? because it doesn’t matter what the jockey want’s so much, they’re going to lead anyway.
On the other hand, you may find a jockey pushing a horse to lead for various tactical reasons. Either way, if a horse has a history of leading by any kind of margin it’s usually worth looking at.
You can delve into a horse running style later, but it’s easily noticeable via the pattern form cards previously mentioned. Look at the example above, a 9 shows us the horse spent the majority of the race in the rear. And -9 is the other end of the spectrum, meaning the horse led previously.
It’s quite easy to see, in the example above Mr Lando is likely to lead this race. This alone isn’t enough to make a selection though, make sure you look into things deeper before parting with your cash!
Note: Don’t forget some flat tracks start close to a bend, it may be harder to lead from a wide draw.
In-Play Price History – A little more complex, unless you’re a data collection whizz. Sites like time-form will show a horses previous price history, some horses appear to ‘travel’ better than others regularly, although don’t win. If you follow me on twitter you’ll have seen some re-tweets from a follower that does this, Gary. See an example below;
The downside with following price history for your back to lay is it’s not so easy to tell when things aren’t going to plan. You’ll see why in a second…
Potential?Problems
Finding a winning back to lay isn’t just about selecting the right horse, unfortunately.
It depends largely on the race it takes place in. For example, if your favoured front-runner is in a race where there are three other front-runners it’s going to cause problems. We’re relying on the market contracting in price because the horse has a distinct advantage over the rest at that point in time. So if there are three other horses attempting to do exactly the same, there is no advantage and therefore the price will not shorten. Make sense?
The same goes for the second back to lay strategy, except if you have several other horses that have a history of running strongly you’ll need to have a sharp eye in order to spot a potential threat to your trade.
Other problems include things like draw, trainer change or distance. From time to time trainers and jockeys will try different tactics with a horse, it’s more likely on the occasion they’ve just changed hands. For this reason, I’d always advise doing a little more homework after finding a potential back to lay.
Strict Execution Plan
I’m not sure where I first heard it, but it’s so true.?“Edges are ten-a-penny, execution is everything”.
All the knowledge in the world won’t help you if you’ve not got a strict plan you’re willing to stick with. If you planned to open the trade at the start but you decide against it because several other horses look keen to lead and are walking to the tape ahead, that’s fine. But if the race begins and everything you expected to happen then does, it’s too late to enter, the horse has bolted! Let it go! don’t join in after the opportunity has passed. You might be frustrated, but you won’t be getting into a bad position.
Anticipating What If?
Maybe it’s the Army coming out in me but following the previous point, it’s always good to explore the potential problems and decide what you’re actions on are before the trade takes place.
Ask yourself a set of questions like this:
What will I do if my selection doesn’t appear keen, or line up at the front by the tapes?
How?about?other selections appearing overly keen at the start?
What if the race starts and the jockey restrains the horse?
What’s my reaction if the horse leads, but the price doesn’t move?
By thinking about it and deciding your answer to each question before the race, you won’t find yourself stuck on the fence if it starts to happen. I found this a very powerful way of avoiding them?‘rabbit in the headlights’ situations.
Now you’ll see my original back to lay post from some time ago. See if you can spot the framework I had set in place!
Live Example: Originally posted August 1st 2014
I don’t normally do this, and don’t consider myself a ‘tipster’. But tonight I’m going to put my head on the chopping block – if it goes wrong and you’ve followed on I’m sorry!
Back to Lay Tip Tonight
MUSSELBURGH 7.20 –?Camerooney
Previous followers know I’ve mentioned this runner several times on Twitter. On a couple of occasions, an above-average result has been landed.
Camerooney is an out-and-out front-runner. Of his last 10 runs 9 times he has lead the race and once was ‘slightly’ off the lead.
See some previous runs here. Breaking from stall 2 I would expect him to hit the lead and take the rail early. Offering a fair drop in price, from there on he may well lead for the majority if not all of the race currently priced as the second favourite at 6.4.
Following my previous comment, you’ll know the key to picking a good back to lay isn’t just about the horse in question. But the race and how the other runners may be expected to behave.
Other Runners
Dhaular Dhar – generally midfield/held up, stall 1.
Ellaal – led last time although is generally a midfield/prominent racer. Last 9 runs before that weren’t ever more than ‘prominent’, stall 3. If anything I would have thought this runner may go with Camerooney but doesn’t show the same intent of trailblazing.
Call Of Duty – hold up runner, every?run of the last 10.
Jordaura – again, hold up runner of the last 10.
Royal Straight – another hold-up performer, has been mid-pack once or twice.
Outlaw Torn – midfield/prominent style of running preferred. The horse breaks from stall 7 which isn’t a bad stall to come from but doesn’t have the advantage of getting the rail early. I wouldn’t have thought will be intent on taking on Cameroony.
Janaab – this ones a little confusing as has led once. Has been held up on several occasions, run midfield although drawn in stall 8 is less likely to break and take the lead initially. I’ll be keeping an eye on this one for that reason just incase the jockey tries to pump it into the lead.
Threats: Competition
If Janaab, Outlaw Torn or Ellaal are pumped hard appearing to go for the lead by their respective jockey, it could be time to re-evaluate the situation. Of all of them I can only see these 3 attempting to go close to the lead. Camerooney is unlikely to need pushing as has the nature to lead anyway. The only other thing to bear in mind of course is if Camerooney is restrained early by Jordan Neson, looks unlikely.
Janaab would be the biggest threat to have an effect on the odds movement. If he also goes to the front it’s the biggest concern (if still the market leader at the start that is).
Action Plan:
In an ideal world, I’d like to see Camerooney on his toes at the start before loading to confirm he’s up for it. When the stalls break if he bounces early and grabs the rail I’ll have that warm fuzzy feeling going on. Hopefully, Janaab and Outlaw Torn will settle for midfield while he blazes ahead. If they don’t I’ll be looking to take out a portion of my initial bet at SP, probably 15 – 30 seconds into the race depending on how the market reacts.
From there it will of offset my position minimising any potential loss should it go tits up. Afterwards its a case of re-assessing the race. Should the others be several lengths behind Camerooney I’ll look to let it run that bit more and get out for a large result in terms of % stake. If they’re bunching up behind I’ll just take what I’m given… it’s important to not get too excited when its going well as you can burn profit quite easily.
Actions On ‘What if’
Should Cameroony breaks slowly or another horse appears to get the lead I’ll be looking to get out fast if he shows no intent to be bouncing ahead I’ll also get out. However, if Janaab breaks well and comes across in front I’ll get out… I’m sure you get the picture!
One thing to bear in mind is this is a very obvious front-runner, there will probably be quite a few people doing the similar! Should it go a bit wrong you could see the market over-react with people panicking to lay off their initial bets, for that reason don’t over stake!!
Good luck! and don’t blame me if it goes wrong… no doubt I’ll of lost some money too!
If you’ve just found this page and haven’t a clue what a Back to lay is this LINK should help!
UPDATE: Watch My Trade Below!
Daily Selections Now Published Here
back and lay in cricket bettingBack and lay betting ｜ How it works and how to make money
Betting exchanges are confusing places for many. Just the thought of lay bets alone is enough to have some people running towards their local William Hill screaming. But back and lay betting, or trading as it is sometimes known, is a lot more complicated than it looks.
Back and lay betting is a way of creating a position in a betting exchange market where you are guaranteed to win, no matter the outcome.
Think of it like the stock market, where the principle is to buy high and sell low. Or sell low back and lay in cricket bettingBack and lay betting ｜ How it works and how to make money and buy high. By doing this, you automatically make money based on the differences in prices of which you’ve traded.
Read our beginner’s guide to lay betting for more info.
The same principle applies on the betting exchanges, except it’s usually over a lot shorter time frame. And the events that can change the odds are a lot more predictable.
Ok, so let’s start with an easy example of back and lay betting to begin with:
At the start of a football match, your favourite team have a price of 5.0
As a diligent gambler, you think this is great value, and place a ￡10 bet on them to win. Your expected profit is ￡38 after commission.
What happens next, is where you make your guaranteed profit. Just after half time, your team take a 1-0 lead, and you notice their odds drop to 2.0.
You can now use some of the ￡38 potential profit you’ve got in the market to lay your team at 2.0. If you lay them for ￡25 you are guaranteed a total profit of ￡14.25 win, lose or draw at the end of the match.
A simpler form of betting which involves both back and lay bets is matched betting. ?As the name suggests, matched betting is where you match back and lay bets. It’s a great way to make guaranteed profits. For more information about matched betting, check out our ‘What is Matched Betting?’ guide.
Back and lay betting can be very profitable, but let’s not beat around the bush here. It is STILL betting.
You may not be betting on a specific match result, but you’re now betting on something else – the movement of prices.
You need an event (or lack of event if you’re relying on the price naturally decaying), to happen for you to be able to make your trade.
If the event doesn’t happen, you have to either hope it wins, or trade out for a loss.
There is no one right or wrong answer when you start back and lay betting, it is unique to the individual.
The first place to start though is with a sport you understand the fundamentals of. Then you need to study the markets, and figure out how the prices move during certain situations.
The more you’re able to internalise these price movements, the better you can judge your back and lay bets and make a healthy profit.
Typically though, sports where there are high swings, multiple times in an event are best for back and lay betting. Sports like cricket and tennis are great, because the odds can change in a second!
back and lay in cricket bettingBack Lay Calculator
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with back and lay in cricket bettingBack and lay betting ｜ How it works and how to make money your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
back and lay in cricket bettingBest Back To Lay Strategies For Beginners ｜ Betfair Trading
There are so many ways to trade on Betfair. If you’re a beginner, it’s easy to get your head scrambled with all the different ideas…
Backing to lay has always been a very popular horse racing trading strategy, and for good reason.
If you’re new to trading, it’s worth spending some time on back-to-lays.
In this article, we’re going to give you a few places to start…
A back-to-lay strategy is basically backing high odds and laying low odds. It’s as simple as that!
Most people run into trouble looking for consistent market movements. In a nutshell, the idea is you back a selection at 10.0 and when it trades 7.0 or lower, you lay the selection to go all green.
Backing-to-lay has always been one of the most popular strategies on Betfair and I can’t see that changing in the future. It’s a strategy that is best suited to exchanges, although you could manually do the figures yourself with a bookmaker and exchange. That wouldn’t be recommended though, as it’s far easier to complete the process on an exchange.
Remember; when you’re looking for a back-to-lay, you’re not looking for a winner. You’re only looking for a selection to trade shorter than it’s current odds at the time of backing it. A lot of people look beyond that point, essentially we are only looking for market movement in our favour.
There are a couple of places to look for back-to-lays when the situation will work in your favour:
This is a really good place to start. Because there’s so much racing on these days, you can put this strategy into practice a number of times per day. Small profits every time can quickly add up.
There are a number of resources out there like ProForm Race Analysis and the likes. However, you will have to pay for most of the really good sites. I actually have a free daily shortlist for Front Runners which you can find here. I spent a lot of time including the key factors to find these Front Runners.
Remember: you need a plan. Horse Racing markets move quickly in-play and you have to have a set plan. Have an entry and exit points lined up, and a back-up ‘get out’ strategy in place too. Not every trade is going to go your way, you need to exit if the market goes against you and not blow all your profits on one unlucky event.
Back-To-Lay On Events Before The Off
There’s a couple of things that can happen in a sport that you can back-to-lay to your advantage on Betfair.
An injury in football. Injury news is a big market mover and if you’re first to the news, you can place a handsome trade on Betfair. You can use this strategy in-play too but it’s going to be less effective given everyone is watching the game.
Team news. This will always be a big market mover. Rugby, cricket, football and NFL are all popular sports that can move huge amounts on team news. Many people will travel to the grounds just to see who’s warming up so they can be first into the market.
Golfer Form. Have you noticed the in-form players are always towards the head of the market on the PGA Tour? That is of course after the likes of Rory McIlory in the betting. Golfers will have good and bad runs of form and this affects their price massively each week. Keeping an eye on the tournament market for next week is always a good thing to go while they are playing well in this week’s tournament!
An injury in tennis. This actually has more impact than an injury of a high profile footballer because tennis is just one-on-one. Finding out news is harder than in football given the situation, but it’s always something to look for.
Make If ‘What If’ Action Plan:
You need a checklist of likely scenarios before you open a trade. Let’s take one of my Front Runners from my daily shortlist for example.
A likely shortlist would be:
Exit point if the trade goes well
Exit point if horse misses break and doesn’t get to front-run
Back-up plan if the market doesn’t move on the horse while he’s got to the front
Correct stakes ready to go
Always have the amounts you’re happy to risk before the off (Don’t change just because of circumstances)
As you can see, it’s a lot more than just backing a front runner and hoping for the best. As the saying goes, you get back what you put in. Do the research properly and it will pay off. Likewise, always be on the lookout for events that will move markets in other sports. There’s a lot of back-to-lay opportunites out there. It’s one of the best Betfair Trading strategies for a reason….
Related back and lay in cricket bettingBack and lay betting ｜ How it works and how to make money topic: 5 Matched Betting Tips to Win Regularly.
back and lay in cricket bettingParimatch India Betting Exchange – How to Back and Lay Bets？
Established in 1994, Parimatch India is one of the few betting sites in India that has a betting exchange and offers years of service in sports betting management. As a premier multi-language, mobile-friendly sportsbook, Parimatch is one of India’s only betting exchanges. Licensed by the Government of Curacao, it includes coverage for most major sports and includes esport, casino and other alternative betting platforms.
As the services offered by Parimatch India Betting Exchange are unique, this article explains what is a betting exchange, and how it works. Furthermore, it includes what sports are covered by the betting exchange, the type of bets a betting exchange offers and more.
Unlike traditional sports betting, Parimatch India Exchange betting is a traditional sportsbook but also a betting exchange. The two are uniquely different in so far as one has punters betting against the sportsbooks odds, while the other focuses on wagering against other bettors. For bettors, it means better odds whether making lay or back bets on tennis, cricket, football or any other sport. It is also an ideal platform for strategically based betting by bettors who possess superior knowledge about a particular sport or team.
How to place exchange bets at PariMatch India is not at all complicated as the process is similar to traditional sports betting. The only real difference is the type of bets you are making. As such, if you want to place a bet at Parimatch India, follow these steps:
If back and lay in cricket bettingBack and lay betting ｜ How it works and how to make money you are unfamiliar with a betting exchange, the way the Parimatch betting exchange works is instead of betting on an event, you are buying and selling bets with other players. The advantage to an exchange is it’s not the sportsbook setting the odds, the seller or buyer set the odds.
Essentially, this removes the odds limitations set by bookmakers as the exchange facilitates the ability to go create your own market and go head-to-head against other bettors. It does this by letting bettors with different opinions make an agreement on the odds and stake for a particular result.
As a betting exchange, Parimatch India focuses its sports coverage on sports types that are favoured by Indian punters. While this includes diversity within the selectable sports types, its coverage of national favourites mainly focuses on Cricket, Football and Tennis. There is a mention of Horses and Greyhounds but for now these sports remain unavailable in the exchange for India. As they deserve a little more attention, we have included a brief explanation about each below.
Cricket betting is one of the most popular sports types for exchange betting at Parimatch by bettors from India. With literally hundreds of events offered every month, bettors can trade on everything from the IPL Championships to the T10 and T20 Invitational. Moreover, with coverage including virtual cricket, bettors have an endless supply of options at their disposal.
One perk to exchange betting on tennis at Parimatch is the higher rates and increased transparency, as bettors can always see the turnover. As part of their coverage for tennis exchange betting, bettors can place their wagers and test their skills against others on a wide selection of events. This includes the ATP, WTP, ITF and ATP Challenger series events.
One of the best betting exchange options for football, Parimatch offers a substantial number of betting opportunities that are perfect for testing your skills. With betting options offered for over 25+ country leagues, exchange betting on football lets you punt against a match ending in a draw or not, all with guaranteed profits.
Similar to sports betting, exchange betting offers punters the ability to use the betting exchange to place in-play bets. Under the live betting tab, bettors can view a list of exchanging betting options, view the odds and view bet types made by punters. As they would via the regular exchange, they punt against other bettors in real-time as the event is in-play. The plus side to live exchange betting is the added advantage of its volatility and its ability for increased profit potential.
The types of bets at a betting exchange are vastly different than one would make when punting on traditional sporting events. Whereas with regular sports betting, you are punting against the odds posted by the bookie, with exchange betting, you have the following options:
With exchange betting, there are two options, lay betting and back betting. With lay betting, you are betting on an outcome not to happen, while with back betting, you are betting that an outcome will happen. For example, if you place a lay bet on a cricket team to win, your bet will be deemed a winner if that team loses or the outcome is a draw. Whereas with a back bet, your bet is deemed a winner only if the team wins.
Bettors who want to place arbitrage bets at the PariMatch bets exchange will find doing so is easily accomplished. As arbitrage bet is a technique used to benefit from price differentials, you are betting on all outcomes based on odds that guarantee a profit. The difference is, those bets are against other punters, versus traditionally it would be against the bookmaker.
As a reputable betting exchange, the exchange betting odds at Parimatch are higher than expected and offer some great opportunities. A big part of the higher odds is resultant on bettors betting against each other and that equates to increased profits when compared to a traditional sports betting site. While these may differ slightly, the long-term margins combined over multiple wins can be substantial.
PariMatch India offers the option to access its betting exchange using an Android or iOS Cricket betting app. The app is exclusively available to Indian bettors and is offered in Hindi, Telugu, Marathi and Bengali. As the app can be downloaded directly via the Parimatch website, users need to only navigate to the main menu and select “Apps Android/iOS”. On arrival, they can select the appropriate app to download and install and enjoy features such as no subscription fees and access to casino games.
As one of the leading betting exchange sites in India, you will find it has a variety of advantages and disadvantageous. The good news is the advantages far surpass any disadvantages, but they are still worth considering. Therefore, here are a few to ponder before opening an account.
All in all, this sports bets exchange is one of a kind in the Indian iGaming market. That is what makes Parimatch India betting exchange so special. Of course, having the opportunity to back and lay cricket matches is also a top favourite of the players. We look forward to all the opportunities such a product will deliver to the members of Parimatch sportsbook.
