Laying horses is something many bettors talk about but never do. When faced with taking on a 5.0 shot the potential loss is usually too much to stomach, but laying short-priced horses, especially to place rather than to win, can be a nice steady way to make a profit.
Still further, what happens if you lose a lay bet?
Lay betting means betting on something not to happen. For example, if you lay a football team to win your bet will be settled as a winner if the team loses or if the game ends in a draw - so two outcomes are playing in your favour.
Then, what does 20 to 1 odds pay? For example, 6-5 means you will get $6 in profit for every $5 you wager, while 20-1 means you get $20 in profit for every $1 you wager. In the latter example, a bet of $2 means you would get $42 back for a winning wager.
Hence, what is the best sports bet to make?
Best Sports to Bet on the Moneyline
Is across the board a good bet?
Across-the-board bets aren't usually a good wager because they're expensive and have less profit potential. ... In a place/show bet, you're betting that your horse will place and show. If your horse finishes second, you collect the place and show money; if he finishes third, you just get the show money.