The Laying The Field or “Lay All” method has to be one of the easiest horse racing trading strategies to learn for beginners, and was one which I remember filling me with excitement when I first learned about it and started trading with it many years ago.
This method seeks to profit from races with a close finish, ideally with as many horses as possible all driving forwards together for the nod on the line at the end of the race. These are the favourite races for any Lay The Field trader. I only wish I was laying the field on this one…..
Can you imagine how much money people were backing in that race, with so many horses all an inch or two away from winning?! More to the point, can you imagine how low the prices were on those horses?! But while there was probably a string of horses priced extremely low down near 1.01, only number 9 ‘Grassy’ was the declared winner!
So let’s imagine 6 gamblers in the bookies arguing over who won. 1 of them did, 5 didn’t. Imagine for a second if you were in that bookies, and instead of being one of the backers, you were the bookie behind the desk who owned the place! One winner, 5 losers. For each loser you (as the bookie) are a winner. So you are looking at five of those people thanking them for handing you their hard-earned money, and only one of them cost you anything. Not bad huh?
You can be that bookie, without setting up a shop and paying ridiculous rents either. Laying the field is my new eBook explaining how to go about doing so, or at least, how I do it myself.
Of course races like that are incredibly rare, and I am only telling this story as a jovial way of explaining the method, you won’t be doing that every day no matter how good (or lucky) you are! But you can earn regular profits with this method if you approach it carefully and with a business head firmly screwed onto your shoulders.
Laying the field, as you can probably guess by now, is the process of laying all runners in a horse race, hoping to get several bets matched so that you only “lose” on the horse that wins, and you win on any other horses you laid which didn’t win the race.
This method has a lot of similarities to my Lay The Draw football method, the main one being that the method is fairly well-known, but not that well-practiced by many traders, hence the reason you will hear people saying “I tried that, it didn’t work”. As you should know by now, if you have read much on my site anyway, one person trying something and saying it doesn’t work is something I enjoy hearing. It is a natural sifting comment which prevents many people going on to find out that often these things can and do work, maybe not for some, but for others. Also as with my lay the draw method, I have my own way of doing things, and this applies to Laying the Field as much as it does to LTD.
Most people pick a few races based on one or two simple ‘filters’, then fire in their bets and check back later. Sometimes they do well, sometimes they don’t. But how hard were they trying? And therefore, how much do you really think they deserved? I rest my case.
I have recently published an eBook outlining my Lay The Field method, and it’s one which quite a few people have asked me to publish, mainly due to the many unique benefits of this LTF method. To name a few of these benefits:
No Software Needed
Unlike most racing trading methods, this particular Betfair strategy does not require Betfair trading software. This is a huge benefit for many beginners as software carries with it a large cost, not in money terms (as you can get trading software for pennies these days) but in terms of the learning curve. It takes a fair while to get comfortable and confident with trading software the first time you try using it, and obviously before actually trading real money with it, you must have confidence in what you are doing. This lay all method can be used to great effect with nothing more than your Betfair browser.
Also unlike most if not all horse racing strategies, this approach can be used by people who work 9-5. You don’t even need to be near a computer all day during the race meetings. You can place your orders the night before, and check them the next day after you get home from work. This is a hugely beneficial feature of the LTF method, one which allows first time newbie traders to have a go easily.
I am extremely hesitant to use the word “easy”, but if I was asked (as I have been!) to pick a method which is the “easiest” to learn, this is the one I say every time. Everything requires some learning, and this is of course no different. But compared to just about any other trading strategy I know of, they don’t come much easier than this one to learn. Don’t read that as a “you will be rich tomorrow” statement, just read it as a “If you want to try trading the horse racing markets, start here” statement 🙂
There are yet more benefits but those three are probably the biggest ones worthy of a mention here.
As far as my version of LTF goes, I have a few tweaks on the method which makes it quite different to the bog standard one peddled on a few forums etcetera. I also have some tweaks for those with software or those who want to try expanding into software at a later date. This can offer more opportunities, a way to avoid losses (improving strike rate) and generally allows you to grow your experience faster and expand into other horse racing methods. But don’t get me wrong, software is not necessary at all, it’s just another option some people may want to explore.
Above all my method takes into account as many factors as possible affecting your strike rate which gives you the means to fine tune and hone your edge until you are happy and successful with it. There is almost no limit to the number of ways you can play with your criteria and filters, as well as various different ways of actually trading your selections. These are all explained thoroughly in my new Laying The Field eBook