07 Why lay? / Betfair Education / 29 January 2008 / Leave a comment

Bookmakers are layers as they accept (lay) punters bets. Common phrases associated with bookmakers are "there's only one winner!" and "you never see a poor bookmaker!" Have you ever looked at a bookmaker and thought that looked like an easy way to riches? Well, it's not quite that easy, but it certainly does have its advantages.

A licensed bookmaker offers a price on every betting option - every horse in a race, every player in a tournament and nearly every match on the football/tennis schedule. They can't hide the selection they like, or the match they don't want to get involved in. As a layer on Betfair, you have the choice to bet when and where you want to. You can lay one horse in a race or all of them. You can lay to lose £5 or £5000. You can price all 64 matches in the opening round of a Grand Slam or just the one you like the most - it's your decision.