Lay of the Day Horse Racing Tips

The Lay of the Day is a one of today's horse racing runners who is not expected to win. Industry experts provide a lay which can be bet against or laid on a betting exchange like Betfair.

The horse racing lay selections aren't complete outsiders who have no chance. They are short priced runners that are under the odds.

Rob Waterhouse's Lay of the Day


Members receive Rob's Lay of the Day each day with his selection for a horse he expects to be beaten. 

With industry experiences for decades, Rob has his ear to the ground and details just why his selection won't win.

To start receiving the Lay of the Day directly into your inbox, follow these steps:

  1. Sign in to your RobWaterhouse.com account and click on the deposit section. 
  2. Choose one of the payment methods available and make a deposit.
  3. Input the promo code BETSAU when you make your first deposit.
  4. Confirm the payment and the funds will appear in your account.
  5. Place your first bet via the racing and sports betting markets.

Betfair Exchange - Back and Lay


The Betfair betting exchange, established in the UK in 2000, allows punters to call the shots, set their odds and take each other on. It is quite different to the traditional model of taking on a bookmaker’s odds.

Savvy gamblers get real value from the exchange and from the back and lay options available. Quite simply, it is you betting against fellow punters. 

Betfair punters can use the site just like they would any other when browsing at odds for a team/horse at any given time with their ‘back’ and ‘lay’ system.

To ‘back’ a team or horse is the exact same as it would for any other bookmaker, except you’re taking on odds presented by other punters. If you put $50 on something paying $10, you’ll win $500, just like you would anywhere else.

To ‘lay’ a team or horse means you’re taking on the role of the odds provider and like any bookmaker, hoping like hell the horse/team you’ve opened odds on loses. If you open odds for a team/horse at $10 and someone places a $50 bet and wins, you will lose $450.


Other Horse Racing Bets of the Day


BetInfo
Bet of the DayOur daily tips and best bets to back
Horse Racing Double TipsOur two favourite bets of the day from our team of experts
Daily Multibet TipsA daily multi to line your punting pockets
Quaddie TipsThe quaddie numbers you should be following
Saturday TipsOur best betting tips from Australia's main day of racing
Best Weekend BetYour best weekend bet covered so you can sit back and relax

Horse Racing Tips

Lay of the Day FAQs

How do I get the Lay of the Day?

Follow the instructions above on this page to get a Lay of the Day every day from Rob Waterhouse.

How does lay betting work?

To ‘lay’ a team or horse means you’re taking on the role of the odds provider and like any bookmaker, hoping like hell the horse/team you’ve opened odds on loses. If you open odds for a team/horse at $10 and someone places a $50 bet and wins, you will lose $450.