FAQs

Read through our frequently asked questions to see if what you are interested in is listed here as a response, if not please do not hesitate to email laytraders@hotmail.com and we will be sure to help you out.

How easy is it to setup my trading accounts?

Very easy....It will take about 1 hour to set up the 3 accounts that you need,they are betfair,betdaq and wbx.Having these 3 accounts will give you price options that you will need.As we trade exchanges horses prices vary grately,say on betfair a horse may be 7/1 but on betdaq we can lay at 6/1...obviously we lay at sixes !as it costs us less !...these companies will even pay you $50 for opening accounts so you win from the start !...its very quick and easy....now we have no excuses not to trade !...we can also trade from any where in the world making this an even more truly exellent opportunity to create our business and wealth on a daily basis.In the near future we will start tipping australian and US horses making this a truly 24/7 business.

Betfair alone does more transactions per day than the london stock exchange just to give you an idea how big this market has become!..running a bookmaking business is the best way to make daily income you will ever come across,just how far you go with this is up to you but we can start you off with consistant bets and help with anything you dont understand

How much money will I need to start up?

This will depend on how much you play per point.

If you are new to trading I would recommend you play either $30 or $50 per point. I play $100 per point but I have been trading for some time.

The amount you gamble also depends on your bank and what you are personally comfortable with.

I recommend that you have a bank of $1500 to play a $30 point or $2500 for $50 per point. You need this bank as laytrading comes with risk short term and you need to have money to back you up in that instance.

As you make more money you can increase your point size and be confident of laying horses at odds of ten or even more sometimes!

Who pays the tax ?

The betting exchanges takes a percentage, normally 5 % for new traders which comes down over time....our comission covers our tax so we don’t pay the tax the betting exchange does!....this makes laytrading more advantageous than share trading to me.How many genuine businesses pay 5 percent tax…not many !

What times do the markets happen?

Laytraders are an international laying service so trading with us is a 24/7 business. The UK is currently 9 hours behind Australia so uk racing generally starts at 11pm Au time.

Australian racing will generally start around 2 am for our UK clients don’t have to trade both markets but I advise that they should, as a bad days trading in the UK or Ireland can be made into a good one by trading the AU market.

We have some excellent contacts in both countries and are confident that we can keep these results coming thick and fast. International horse trading is a very exiting and lucrative business and our company is at the fore front of this.

When are the lays made available traders?

The lays are available from the members area of this site at around lunch time UK time and the Australian lays around 1 hour before the races go off.

Is internet trading safe?

It is very safe and so is your money,the exchanges take fraud very seriously and i have not heard anything bad about them ever!..apart from high street bookies who are now a thing of the past!..Betfair does more tranactions per day than the London stock exchange so you can trade with confidence knowing your money is there to grow!

If you make so much money why do you need to sell your system?

Purely because i enjoy doing so !...i love my job and making huge amounts every day.i love the feeling of making other people rich too !...this is a win win situation for members and my business ! i love the thrill of our live trading room..but im no thrill seeker !!!!...i trade for money not the exitment...the exitment is just part of it !..i hate loosing money but i hate loosing other peoples money more ! we are all here to trade and make money and thats what we do !