What are decimal odds?
Decimal odds are a more simplistic form of displaying odds
compared to the more traditional fractional form. They
are the odds used by betting exchanges and an increasing
number of other internet bookmakers. They allow the
bettor to easily calculate their return no matter what the
stake they are considering, as all you need do is multiple the
stake by the odds. For example, a £10 stake placed on an event
at 2.00 in decimal odds would return £20 including the stake
if successful. You can convert fractional odds into
decimal odds by dividing the first half of the fraction by the
second half then adding 1. For example, 5/2 would be
3.50 in decimal odds, and would return, including the stake,
£35 from a successful £10 bet.
What is a Betting Exchange?
Betting exchanges have revolutionised betting in the last
few years. They are like the gambling equivalent of
eBay, matching people who wish to bet for and bet against
sporting events for an agreed amount of money at agreed odds.
If the bet wins then the bettor receives his winnings paid for
by the person who bet against the event. If the bet
loses then the stake is kept by the person who accepted the
bet. The betting exchange itself, which automatically
manages these trades, takes a small percentage of the winnings
from the above two scenarios. When a bettor and a layer
have been automatically connected the bet is then officially
"matched" for both parties. The most successful and
efficient betting exchanges, now multi-million pound
companies, which we recommend you use are Betfair and Betdaq.
What is Laying?
Laying is what bookmakers have always done, that is they
accept bets from people at agreed odds, paying out the
winnings if the bet wins and keeping the stake if it doesn't.
This is what you can now do with a betting exchange, but
unlike a bookmaker you can lay any one single competitor in
any event without the need to offer odds for all competitors. In a nutshell, that is what we do - we
select horses to accept bets on because we think they are
unlikely to win. Every time they fail to win the race we
keep the backers stake.
What is the liability of a lay bet?
The liability is the potential winnings you would have to
pay to a backer should their bet be successful. For
example, a backer winning a £10 bet at 3.00 (2/1) would have
received £30 back including his stake. If you were the
layer of that bet you would have had to payout £20 in winnings,
the other £10 is the stake returned. You must always
have the funds to payout the potential liability, which is
taken by the betting exchange until the bet is settled.
To calculate the liability you need to take the decimal odds
minus 1 then multiply by the accepted stake. For
example, 4.50 - 1 = 3.50 multiplied by say £20 which equals
£70. Don't worry too much about calculating the
liability as the betting exchanges automatically calculate it
before you confirm your lay bet.
What sort of tipping service do you provide?
We provide a lay tipping service. That is, we select
highly favoured horses that we think are actually unlikely to
win, which we suggest you lay (bet against) at a betting
exchange. You are provided with full instruction on how
to place your lay bets at a betting exchange.
How do you select which horses will lose?
We cut through all the trivia regarding whether a horse is
likely to win a race and concern ourselves with the real
substance, the form of the horse, the ability of the horse,
and the performance of the horse on the relevant going, course
and distance. We have a range of other selection
criteria for the horses and the races themselves, but that
would be telling if we elaborated any further!
What sort of races do you provide tips on?
We provide lay tips throughout the year at the various UK
and Irish meetings, and very occasionally on major overseas
races. We consider all types of races and all types of
courses - hurdles, flat, all-weather etc.
How do you guarantee making a profit?
If you're looking for a cast-iron guarantee of profits then
you should not even consider venturing into betting and go and
put your money in a savings account instead. Whilst we
stand by the success of our past results, we can not make any
guarantees as to whether you will make a profit from our tips.
That said, we will gladly refund any paid membership fees for any
losing month to members who were paid subscribers prior to the
10th of that losing month. It's only fair!
When are tips sent to members?
In most cases we send out tips on early morning or if
possible the evening before. This gives everyone the opportunity to
get their lay bet matched at the betting exchanges for the
best possible odds. It also gives people who work office
hours the chance to place their lay tips either the night
before, or in the morning before they go to work. We
will occasionally send out same day tips around late afternoon
for evening meetings. You can of course also receive our
selections as server tips if you own the GHB betting bot -
they're imported and placed automatically for you with no
need to be sat at your computer.
Do you use SMS text messages to send tips out?
We do not currently send tips out by text message nor do we
plan to add this feature in the near future. We do, as
stated above, send the majority of tips the day before giving
all members ample opportunity to log on to their computer and
place their lays. You can of course also receive our
selections as server tips if you own the GHB betting bot -
they're imported and placed automatically for you with no
need to be sat at your computer.
How much does your service cost?
This is a critical part of the service we offer. To
be honest, we are appalled that some internet tipsters are
charging up to £200 per month for lay tips, which like our own
share no cast iron guarantee of profit. Our monthly
subscription costs just £20 per month, which covers your
introductory
instructions and your monthly tips.
Website update -
Full Membership is now FREE!
How many tips do you provide a month?
We aim to provide at least 10 lays tips per month.
Do you offer a free trial?
Yes, we offer a two week free trial which is a great
opportunity for to find out how laying works and to see the
for yourself the quality of the service we offer. You
have no obligation to continue with a paid subscription once
the free trial has finished. In short, the free trial
will not cost you a penny. Website update -
Membership is now FREE!
Do I need a betting bank?
Yes, you will need a betting bank in order to make a profit
from our lay tips and, as every site involved in betting
advice should state, we would strongly advise that you only
use money that you can afford to lose.
Do you advise a method to use when laying, and a staking
plan?
We will give you advice on how to physically place your lay
bets. We also suggest some staking plans to use, the
most suitable of which you should select to use yourself.
How much money could I make?
All profits made are an equal percentage of the money
staked. Therefore, you can make a profit with any size
betting bank. However, the amount of money you make is
constrained by the size of your betting bank, whilst there
will always be a finite amount of money available to be
matched on the betting exchanges. Please see our results
page for an idea of potential profits you could make,
adjusting the sample stakes for those that you would have
placed yourself.
How do I join?
It's easy and simple to join our service by visiting our
sign-up page.
How do I cancel my membership?
Just tell us and we'll cancel your membership and remove
you from the tips distribution list.
How can I contact you with any queries I have?
Just send an e-mail to
contactus@makemylay.co.uk.
Do you have a maximum number of members?
Yes we do. We want to ensure that we protect the
market liquidity of our selections so that everyone has an
equal chance of placing their lay bets at sensible odds.
Therefore, we do restrict our membership numbers, so be quick
to ensure you claim a membership space.
Where do you list your results?
You can find our all detailed previous results of our lay
tips by clicking here.
Do you proof your results?
Yes, since August 2005 we have had all our UK meeting results
proofed by the
Tip Exchange
internet service. We hope to add a proofing service for
any non-UK meeting results very shortly.
Can I join via Tip
Exchange?
Yes you can join via
Tip Exchange
- just click on the link and you will find us listed under the
Lay Tipsters. Please note that whilst our service via
Tip Exchange
is also now completely free, you will only receive our tips from
them at 11am on the day of racing rather than on the evening
before.
However, joining via
Tip Exchange
if you have already used that website will allow you to receive
our quality tips in a format you are used to.
Which betting exchanges do you recommend I join?
The only betting exchanges you should ever really need to
join are Betfair and Betdaq. You can conveniently join
either of those exchanges by clicking on the banners below.
