Hi all,

Can someone explain how laying works (no birds and bees lessons please)? If you back a horse for say $100 at 5/1 and it wins, you win $600 (including stake). How is the risk offset by laying it at 4/1? I guess I just don't understand the concept of laying (no birds and bees lessons please) and need it explained in layman's terms, so to speak.

By the way, I noticed Northerly was available to back at $2.04 on Betfair. Even with the 5% commission that equates to $1.94, much better than the $1.80 official top fluc. Bookies be warned and TABs don't stand a chance.

Cheers