WhichBookie racing analyst Andrew Blair White provides a preview and betting tips for races at Lingfield on Friday 21st January.
Bet365 is known as one of the most popular online bookmakers in the world. They have a multitude of features which customers love.
But these days, many punters and tipsters are looking to place lay bets, especially on horse racing. So can you lay horses on Bet365, or do you need an account somewhere else?
First, let’s take a look at what lay bets are…
Lay bets are when you are betting on something NOT to happen and are the opposite to back bets which you will most likely be familiar with as back bets are the type of bets you place at a bookmaker.
With back bets, you are betting on something to happen. For example, you may back Liverpool to beat West Ham at the weekend. If so, your back bet would win if Liverpool won the match and it would lose if West Ham won or the match ended in a draw.
However, if you were to Lay Liverpool, you are betting on them NOT to win the match. Therefore, your lay bet would win if West Ham won or the match ended in a draw and your lay bet would LOSE if Liverpool won the match.
To place lay bets, you need a betting exchange. A betting exchange is a website that lets you place bets against other people. There are a few reputable and very large betting exchanges online where you can place lay bets. The biggest and most popular betting exchange in the world is Betfair Exchange which has been online since 2000 and has millions of customers. There are also a few other worthy mentions such as Smarkets, Matchbook and Betdaq which work in the same way as Betfair Exchange.
Bet365 is not a betting exchange, it is an online sportsbook. This means that you cannot place lay bets at Bet365.
There is plenty that you can do at Bet365. You can place singles, doubles, trebles, accumulators and each way bets. You can bet in-play and cash out, watch live horse racing and other sports, and play virtual racing for real money. Also, you can claim the Bet365 sign up bonus, as well as their popular offers for existing customers.
So you can do pretty much everything at Bet365 except lay horses. If you have a betting strategy that means you need to place lay bets, you need another account…
As we mentioned earlier, you can only place lay bets on a betting exchange. The best place for lay betting is Betfair Exchange. They are hands down the biggest betting exchange in the world. So if you want to lay horses, football matches or any other bet for that matter, they are by far the best choice.
Click on the green button below to open an account with Betfair Exchange where you’ll be able to place both back and lay bets on a huge range of sports and markets.