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With regards to horse racing, 'lay betting' means to place a bet on a horse to lose, rather than to win. This, in many cases, would increase the odds of winning. However, care must be taken because if the horse in question wins, you have to pay out.

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βˆ™ 11y ago
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βˆ™ 16y ago

Laying a horse means that you are backing it to lose. Traditionally, bookmakers lay horses whereas punters back them.

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βˆ™ 12y ago

A Lay Bet is the practice of betting money on a horse to lose to race.

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Q: With regards to horse racing what does the term 'lay betting' mean?
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