Tag Archives: maybe
Betfair Lay Betting Tips And Secrets – Are You A Backer Or A Layer? (Page 1 of 2)
The bookmakers make millions of pounds profit each year by simply taking bets from people who want to ‘back’ the outcome of an event because they think it will win. This is the traditional way of back betting. If the bet wins the bookmaker pays out your winnings, if the bet loses the bookmaker keeps your stake money. You become the ‘backer’.
A ‘layer’ is the complete opposite of a ‘backer’, it’s basically the same as playing the role of the bookmaker. Since the introduction of betting exchanges such as Betfair, you now have the unique opportunity to lay bets in the same way as a bookmaker. If the outcome of the event that you lay bet does indeed lose, then you get to keep the stake money just like the bookmaker. You become the ‘layer’.
As people say “you don’t see a poor bookie very often”.
Therefore, you may ask the following question:-
If you can make money from lay betting in the same way as a bookie, by being a ‘layer’, why would anyone want to be a ‘backer’?
The answer depends mainly on your own personality and what your expectations from lay betting and gambling are. Let me explain …
The back bet – typical ‘backers’ attitude …
Someone looking for a ‘quick fix’, knowing that each time they make a back bet the odds are stacked firmly against them, they are lured into ‘backing’ based purely on a hunch, or a betting tip, maybe from a mate at work. For handing over a relatively small amount of cash,combined with the exciting prospect of a possible good win looming, the temptation can be simply too much to resist.
If you enter a bookmaker’s premises you will often observe many ‘gamblers’ with their lists of lucky numbers, betting tips, hot tips etc, going about the same routine always used to make their selections. A couple of minutes before each race, they hurriedly glance through the race card, make their selection then run to the counter to place their back bet, then invariably watch it lose. The strange thing is that they follow this same pattern race after race, day after day, week in week out ‘ and the bookies love them!
Now, I am not suggesting that every backer falls into the above categories. Sometimes, ‘backers’ will strive to put in the extra work needed, helping them with their final betting selections, by analysing stats, studying form, maybe taking advice, of following good quality betting tips etc.
You might fall into this category, maybe you have a unique method for choosing that hot horse in a race, or maybe you study the statistics relating to football before you make that all important back bet. If so, then you have done extremely well and I wish you luck, but you are very much in the minority.
The lay bet – typical ‘layers’ attitude …
There is one very important thing that most ‘backers’ and ‘layers’ are likely to have in common ‘ they both want to make as much money as possible in the shortest possible amount of time. This fact is undoubtedly true, but with some important differences. The ‘layer’ will not be expecting to make a killing from just one lay bet, therefore is likely to be more patient and better prepared, safe in the knowledge that the Betfair lay bet is readily available.
Craps Bets: Learn the House Advantage for Each
Be smart, play smart, and learn how to play craps the right way!
Knowing the house advantage for each craps bet does more for your bankroll and playing enjoyment than anything else. Based on house advantages, some bets are considered “good” (they have a relatively low house advantage) and others are considered “bad” (they have a relatively high house advantage). So, which craps bets are considered “good” and “bad” for the player? The various craps bets with their house advantages are summarized below. I consider bets with house advantages of 2% or less as “good,” those with house advantages greater than 4% as “bad,” and those with house advantages between 2% and 4% as “maybe.” I usually dont make any of the “maybe” bets, but if you do, you wont be giving up too much. Note: “HA” stands for “house advantage.”
Dont Pass, Dont Come (with single Odds), HA 0.69% = Good bet.
Pass Line, Come (with single Odds), HA 0.85% = Good bet.
Dont Pass, Dont Come, HA 1.40% = Good bet.
Pass Line, Come, HA 1.41% = Good bet.
Place 6 or 8, HA 1.52% = Good bet.
Buy 4 or 10 (pay vigorish on win), HA 1.64% = Good bet.
Lay 4 or 10 (pay vig on win), HA 1.64% = Good bet.
Buy 5 or 9 (pay vig on win), HA 1.96% = Good bet.
Lay 5 or 9 (pay vig on win), HA 1.96% = Good bet.
Buy 6 or 8 (pay vig on win), HA 2.22% = Maybe bet.
Lay 6 or 8 (pay vig on win), HA 2.22% = Maybe bet.
Lay 4 or 10 (pay vig up front), HA 2.44% = Maybe bet.
Field (triple for 12 or 2), HA 2.78% = Maybe bet.
Lay 5 or 9 (pay vigorish up front), HA 3.23% = Maybe bet.
Lay 6 or 8 (pay vig up front), HA 4.00% = Maybe bet.
Place 5 or 9, HA 4.00% = Maybe bet.
Buy 4 or 10 (pay vig up front), HA 4.76% = Bad bet.
Buy 5 or 9 (pay vig up front), HA 4.76% = Bad bet.
Buy 6 or 8 (pay vig up front), HA 4.76% = Bad bet.
Field (double for 2 and 12), HA 5.55% = Bad bet.
Place 4 or 10, HA 6.67% = Bad bet.
Big 6 or Big 8, HA 9.09% = Bad bet.
Hard 6 or Hard 8, HA 9.09% = Bad bet.
Any Craps, HA 11.10% = Terrible bet.
3 or 11, HA 11.10% = Terrible bet.
C & E, HA 11.10% = Terrible bet.
Hard 4 or Hard 10, HA 11.10% = Terrible bet.
Hop two ways, HA 11.10% = Terrible bet.
Horn, HA 12.50% = Really stupid bet.
Whirl (World), HA 13.33% = Really stupid bet.
2 or 12, HA 13.89% = Really stupid bet.
Hop one way, HA 13.89% = Really stupid bet.
Any 7, HA 16.67% = Total sucker bet (stop throwing your money away!).
Over 7 or Under 7, HA 16.67% = Total sucker bet (stop throwing your money away!).
Its important to remember that whether a bet is deemed “good” or “bad” is based on many rolls over time. In the relatively short blip of time that you stand at the craps table on any particular day, you may experience a hiccup in the normal distribution where even the worst bets hit one right after the other. For example, suppose you walk up to the table and play your usual conservative game. The table is ice cold at that specific moment and 10 shooters in a row 7-out. The whole time youre losing with your conservative “good” bets, the drunk next to you keeps hitting his “bad” $5 Field bet that only pays double for the 2 and 12. Be assured, this guys hot streak will soon end and then hell lose all his money. You can be sure that time is against him and hell most certainly lose. Maybe not today or tomorrow, but certainly over the next few days. Always give yourself the best chance of winning by making bets with the lowest house advantage.
Now you know! Remember, learn how to play craps the right way.