Lay betting tips on Australian horse racing from some of the finest bookmakers in the country. The Bookies’ Bag is where you will find Lay betting tips for Saturday racing. Who are they prepared to risk this week? Get the latest Lay betting tips and thoughts from our bookmakers below.
Click here to access horse racing markets on the Betfair Exchange.
Bookies’ Bag Autumn 2022 | Season 2 – Week 4 | Lay Betting Tips
Barry Cook
LAY BETTING 
| Scone | Race 3 | #1 Military Mission
“Good stayer from a leading stable, however has a big weight and a bad barrier draw. Happy to Lay up the long straight at Scone at the short odds.“
Click here to view the market for Race 3 at Gosford on the Betfair Exchange.
Dave Dwyer
LAY | Gold Coast | Race 4 | #3 Nettuno
“Very impressive two-year-old who has bolted in at both starts and draws a good gate here. This looks a stronger race and $2.00 is unders in my opinion.“
Click here to view the market for Race 4 at Gold Coast on the Betfair Exchange.
Nat Hinkley
LAY | Flemington | Race 7 | #11 Splendiferous
“Been racing well since being stepped up in distance but this another level to go to again and looks a bit short to me at $3.50.“
Click here to view the market for Race 7 at Flemington on the Betfair Exchange.
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Norm Oke
LAY | Flemington | Race 7 | #11 Splendiferous
“Won last two races, including a wide-margin win last start. But a big query up to 2800m and is under the odds at $3.50. Happy to take on.“
Click here to view the market for Race 7 at Flemington on the Betfair Exchange.
Curly Seal
LAY | Morphettville | Race 8 | #1 Alegron
“A much travelled galloper who’s back in distance and seems best on a dry track. Risking at $2.80.”
Click here to view the market for Race 8 at Morphettville on the Betfair Exchange.
Ray Swannie
LAY | Flemington | Race 6 | #9 Arran Bay
“Racing well in lesser class and this looks much harder. Happy to Lay at the current price.“
Click here to view the market for Race 6 at Flemington on the Betfair Exchange.
Play Your Way on the Betfair Exchange. Click the banner above to get started!
Juppy of Ian Taylor Bookmaker
LAY | Eagle Farm | Race 8 | #1 Kementari
“This cat had its birthday last start. The track transfer doesn’t help his cause, and he’s got more cat in him than the South Melbourne ballet.“
Click here to view the market for Race 8 at Eagle Farm on the Betfair Exchange.
Jonathan Walsh
LAY | Morphettville | Race 8 | #6 Detonator Jack
“Faces acid test Saturday. Drawn wide and in his first prep – in a Group 1 race. It’d be a big effort.“
Click here to view the market for Race 8 at Morphettville on the Betfair Exchange.
Steve Walters
LAY | Eagle Farm | Race 4 | #10 Startantes
“A genuine run-on type who will look to stand the leaders a big start, so must be a risk. Would be a nice Lay-and-trade for the in-play punters.“
Click here to view the market for Race 4 at Eagle Farm on the Betfair Exchange.
Bookies’ Bag Autumn 2022 | Week 3 | Leaderboard
1. Jonathan Walsh
2. Curly Seal
3. Juppy from Ian Taylor Bookmaker
4. Norm Oke
5. Ray Swannie
6. Nat Hinkley
7. Steve Walters
8. Barry Cook
9. Dave Dwyer
What is Lay betting? How do I Lay bet?
You might be wondering what our bookies are trying to achieve here. Betting on horses to lose? Is that even possible?
Lay betting is a completely unique betting product to Betfair. When you place a Lay bet, you are wagering on an outcome not to happen. You might want to Lay bet for a few reasons. Your Lay bet option might be vulnerable or meeting unfavourable conditions. In horse racing, it could be a bad barrier or tough opposition. In sport, perhaps a key player has been ruled out of an in-form team.
But Lay betting is not all about who wins (or in this case, loses). It’s also about deciding if the odds available accurately reflect the chances of that particular bet option. For example, if you think a horse is an $8.00 chance and the Exchange markets are trading that runner at around $3.00, it might be worth placing a Lay bet!
But why can’t I just Back something else instead?
Put it this way: if you placed a Lay bet on a runner in a 12-horse field, you are not simply betting on one runner to lose. You are essentially betting on the 11 other runners to beat yours to the winning post.
It can be much easier to identify a “winning” outcome this way. For more information on Lay betting you can visit this page where can you view our video tutorial and learn more plus bet liabilities and trading on the Exchange.
Sometimes it can be easier to find a team or horse(s) that won’t win as opposed to finding the winner. In a 14-horse race, there will only be one winner – if you can’t identify that winner it might be easier to find a horse or multiple horses that you know won’t win.
