Tutorials

The Mindset for Laying

Laytraders is not for everyone as it carries a certain amount of risk and unfortunately we can’t win all the time. Some people panic when they lose money but over the long term we will profit!

It is not for the faint hearted as laying a horse at 10/1 can be a very stressful thing!..but if you know your stats we know that of 90 percent of horses that do win are under 5/1.

First up you need to take the emotion out of your betting, this can sometimes be a hard thing to do but you need to trade with no emotions. When people panic they can do silly things…like doubling up to re gain losses but this can end in disaster. You need to be confident of the strike rate and take losses on the chin.

Traders need to realize that this is a serious business opportunity and work out how much they want to invest in their trading account and know that if a heavy loss is taken they can still put food on their table and recover. Every business has bad days and yours will too!

Remember that you will have to pay people out sometimes but this is a good thing!...punters need to win as it keeps them interested and in turn they will be back and so will you to lay their next bet…when a casino has to pay out a big win they don’t panic They know long term the odds are in there favour .