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 8 | Lay Betting Tips
Barry Cook
LAY BETTING 
| Randwick | Race 10 | #7 Cross Talk
“Up in class and with a horror draw. Seems short enough at the moment.“
Click here to view the market for Race 10 at Randwick on the Betfair Exchange.
Dave Dwyer
LAY | Randwick | Race 3 | #2 Queen Bellissimo
“Looks very well placed with an apprentice on and will lead. However, I’m not sure a drier track will suit and therefore I am happy to Lay at $3.00.“
Click here to view the market for Race 3 at Randwick on the Betfair Exchange.
Nat Hinkley
LAY | Swan Hill | Race 8 | #3 Proconsent
“Appears a strong edition of the Swan Hill Cup this year and whilst his 2 runs this time in have been sound, the 1600m looks the top end of his distance range and faces quality opposition here.“
Market odds for Swan Hill on Sunday available soon.
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Norm Oke
LAY | Sandown | Race 1 | #4 Eros
“This well-bred 2YO is still a maiden after 3 starts. He was beaten in a Sale maiden last week and the horse that beat him lines up in this race. Too short for me, so I’m willing to risk him.“
Click here to view the market for Race 1 at Sandown on the Betfair Exchange.
Curly Seal
LAY | Morphettville | Race 4 | #4 Turbeau
“The Victorian Country form is OK, but goes best on Dry tracks. Meets an even stronger field here. Risking at $2.40.“
Click here to view the market for Race 4 at Morphettville on the Betfair Exchange.
Ray Swannie
LAY | Sandown | Race 2 | #3 Ashford Street
“Every chance last start, where it got the run of the race with a very light weight. Different story here, where the apprentice can’t claim and up in weight. Looks a good Lay.“
Click here to view the market for Race 2 at Sandown 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 5 | #5 Ranch Hand
“Going against what Katelyn Mallyon will be tipping here as it’s the J-Mac and Waller combo. There is only one runner in this race that isn’t some chance and at the $3.70 currently, I’ll happily have the rest of the field.“
Click here to view the market for Race 5 at Eagle Farm on the Betfair Exchange.
Jonathan Walsh
LAY | Sandown | Race 1 | #4 Eros
“Short enough for a mid field map on a heavy 9 in a good sized field.“
Click here to view the market for Race 1 at Sandown on the Betfair Exchange.
Steve Walters
LAY | Swan Hill | Race 5 | #2 Duchess of Dorset
“Will sit back off a slow tempo and may just find one of the front markers too slippery.“
Market odds for Swan Hill on Sunday available soon.
Bookies’ Bag Autumn 2022 | Week 7 | Leaderboard
1. Nat Hinkley
2. Curly Seal
3. Ray Swannie
4. Barry Cook
5. Steve Walters
6. Norm Oke
7. Juppy from Ian Taylor Bookmaker
8. Dave Dwyer
9. Jonathan Walsh
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.
