{"id":619,"date":"2022-09-22T02:54:43","date_gmt":"2022-09-22T02:54:43","guid":{"rendered":"https:\/\/bfhubprod.wpengine.com\/hub\/?p=619"},"modified":"2025-09-17T09:54:00","modified_gmt":"2025-09-16T23:54:00","slug":"lay-back-with-betfair-why-betfair","status":"publish","type":"post","link":"https:\/\/www.betfair.com.au\/hub\/education\/lay-back-education\/lay-back-with-betfair-why-betfair\/","title":{"rendered":"LAY BACK WITH BETFAIR: WHY BETFAIR?"},"content":{"rendered":"<div class=\"education-content border-b pb-10 block\">\n            <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">Tom Haylock: How did get into punting?<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>Matt Taylor: Playing cricket, a lot of your mates\u2019 sort of have a bet, so got interested there. Obviously, I had a lot of time on the sidelines in cricket so spare time [and] from there wanted to sort of pursue it. Eventually worked in some corporate bookmaking and then worked for some places that sold some tips and stuff like that and just slowly kept getting better myself. And yeah, decided to take a punt myself and that was, I don\u2019t know, seven or eight years ago.<\/p>\n<p>I got myself aligned with Marc Lambourne and Glen at Racing Rant and they\u2019re well known in the industry. Mark, he\u2019s done a lot of stuff on Betfair before and yeah, Mark sort of has great theories on racing that sort of a little bit think outside the square. So yeah, that was sort of my last sort of final bit of grounding. I guess. I tried to lay a really good foundation for myself to go pro and like a lot of people at home, you want to go pro\u2026<\/p>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">Tom Haylock: How long have you been using Betfair?<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>Matt Taylor: I guess probably over 10 years, I\u2019d say yeah, over 10 years. It\u2019s always, you know, when you getting into the game, you sort of hear about it and you don\u2019t really sort of play and it wasn\u2019t a big thing when I first started, but yeah, as you sort of mature, you\u2019re punting and as we\u2019ll talk about today, the way I punt sort of relies on Betfair a lot know to sort of give me some insight. So for me, it\u2019s invaluable.<\/p>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">Tom Haylock: Price advantage, is quite common on the exchange. Is that what you find?<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>Matt Taylor: 100%. So, the markets on Betfair, especially late, you know, they get really pure, between 100 and 103%. So, that\u2019s sort of like, for me, that\u2019s a great guide and you don\u2019t have to put, the corporates, they have a lot of lot of cushion, lot of buffer.<\/p>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">Tom Haylock: What does it mean when Corporate bookmakers have markets that are 150%?<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>Matt Taylor: Well, it means that bookies have a lot in their favour. They\u2019ve got a lot of margin up their sleeves. So, you know, a horse that, you know, is a real sort of a $6 chance they might be betting sort of $4.50 or something like that, or whatever price they get, $4.60 these days, but yeah, so they have a lot of margin and for you to make a profit you have \u2013 like with 40% against you, you need to find a lot of value in that market. So it\u2019s really tough early.<\/p>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">Tom Haylock: One of the advantages on the Betfair Exchange, something you can\u2019t do elsewhere, is Lay betting. Is it something you do? Or, what are the advantages of Lay betting as well mate?<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>Matt Taylor: Well, the advantages are, you may dislike a favourite in a race and you\u2019ll get yourself a little team of horses that you want to beat the favourite, and you might have 2, 3, 4 runners to beat it, and sometimes that fifth, some fifth or sixth horse is the one that knocks you off. So maybe you look back in hindsight and say, you know what, the right bet right there was to Lay the favourite and not have to find the winner.<\/p>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">Tom Haylock: Do you use Third Party tools like Gruss and Bet Angel?<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>Matt Taylor: Gruss is something that I\u2019ve used a lot and do use and Betfair live as well, I do keep an eye on that. But I like to feel the markets by using grass, so I\u2019ll have my money up on Betfair grass or the Betfair website itself and just put some lays up and some backs up and just keep an eye on which way the money\u2019s going<\/p>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">Tom Haylock: What is trading?<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>Matt Taylor: So basically, just trading in general, if you think that the price available to Lay a horse right now is a good one, you could sort of build a little bank and, say it\u2019s $2, you can Lay that at $2, have $1000 at $2, and you\u2019ve got a deficit there. What you\u2019re trying to think, is that in a minute or so, that price might be $2.40 now to back, or $2.50, and then you can have a bet on the backside. All of a sudden, you have that same $1,000 on, you\u2019ve got a little bit of a profit there, a horse running for you for nothing, and that\u2019s because you\u2019ve predicted the market trends.<\/p>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">Tom Haylock: What\u2019s your advice for punters out there?<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>Matt Taylor: I think set some good groundwork [and] get a good foundation. Like I did, I got myself in a bookmaker, I saw the way good punters bet and I saw the way bad punters bet, so that was really good. Hanging out with some pros. Get on Betfair, the hub and all of that sort of stuff and listen to the great educational pieces and record your bets is another big one and work out where you\u2019re winning and where you\u2019re losing.<\/p>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n      <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Experienced Punter Matt Taylor talks about why bettors use Betfair and the opportunities available on the Exchange. <\/p>\n","protected":false},"author":33,"featured_media":46088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"tipster_notification_checkbox":false,"send_notification":false,"footnotes":""},"categories":[40],"tags":[],"brand":[],"class_list":["post-619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lay-back-education"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.5 (Yoast SEO v24.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lay Back With Betfair | Why Betfair? 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