The following single stakes plan is safe to use when laying horses.
When laying horses you need a different type of staking plan which calculates a maximum liability for each bet based on value. It’s no use laying horses at ridiculously big odds, because when one does eventually win you will find yourself needing too many bets to break even again.
So based on experience I would advise you never lay a horse above the maximum decimal odds of 4.7. Preferably lower in most instances.
Staking plan 1 for total beginners
You decide on a betting bank of £200. If divide that by 100 then one point would be £2. So let’s say you’ve carefully narrowed down your selections to one favourite that you believe has the least chance of winning. You should then place a £2 lay bet on it.
Example 1 All your lay bets are successful
DAY 1: You lay the favourite at 2.87 (15/8) for £2, if the horse loses you win £1.90: That’s the stake returned minus your maximum 5% commission. If the horse won you would pay out £3.74 with no commission to pay.
DAY 2: You lay the favourite at 3 (2/1) for £2, if the horse loses you win £1.90. If the horse won you would pay out £4.
DAY 3: You lay the favourite at 3.25 (9/4) for £2, if the horse loses you win £1.90. If the horse won you would pay out £4.50.
DAY 4: You lay the favourite at 3.5 (5/2) for £2, if the horse loses you win £1.90. If the horse won you would pay out £5.
DAY 5: You lay the favourite at 3.75 (11/4) for £2, if the horse loses you win £1.90. If the horse won you would pay out £5.50.
DAY 6: Saturdays are optional but can be a great profit-boosting day as usually you will find a least two horses to lay: If you layed two favourites both for £2 – one at 4 (3/1) and the other at 2.75 (7/4) you would win £3.80 if both lost. If the 2.75 (7/4) favourite horse won you would pay out £3.40; if the 4.0 (3/1) favourite won you would pay out £5.90.
On Saturdays there can be lots of races to look at and we don’t want to get bogged down studying too much form, so we stick to selecting favourites from one particular race coursee. It can be rewarding and boost the week’s overall profits. The racing is on the better grade courses, with more prize money on offer so the races tend to be pretty competitive making it ideal lay territory. Often you will be able find at least two good lay bets, in the end it’s entirely your own decision.
DAY 7: No lay: On Sundays there is a limited amount of information for each race on the R.P. web site. It is not really wise to bet without being aware of all the facts.
As you can clearly see if you do lose the odd bet you are always just one or two bets from being back in profit as long as you don’t go over on the 4.7 maximum. If you lay a drifter earlier in the day it is often possible to get even better odds so your liability is considerably less than if you laid just before the start of a race.
Staking plan 2 is the same as above, but increase the stake size according to the size of your betting bank.
The key to making long-term profit is make sure you use a proven system and only lay one horse a day, always stick to the staking plan no matter what. You will be able to increase your stake size in no time at all. If you do prefer to use a 50 point betting bank when your confidence has grown that’s fine. The 100 point bank is designed to give you plenty of leverage at the start.