Lay of the Day Horse Racing Tips 17 August, 2026
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.
Sorry our lay of the day is not available yet. Our tipsters are still analysing the form. Check back soon for our horse to take on and lay.
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.
Back and Lay at BetfairJoin Betfair Australia and enjoy backing and laying.BET HERE
18+ only. Ts and Cs apply.
Other Horse Racing Bets of the Day
| Bet | Info |
|---|---|
| Bet of the Day | Our daily tips and best bets to back |
| Horse Racing Double Tips | Our two favourite bets of the day from our team of experts |
| Daily Multibet Tips | A daily multi to line your punting pockets |
| Quaddie Tips | The quaddie numbers you should be following |
| Saturday Tips | Our best betting tips from Australia's main day of racing |
| Best Weekend Bet | Your 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.
