Why lay bets?
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It could be a bit controversial but I’d like to have a bit of discussion about the above.
I’m down £3900 on smarkets and £1500 on betfair exchange since I’ve started matched betting 3 months ago. From reading forums this is not coincidence, all (most?) matched betters have a significant negative balance on exchange. Which means a significant positive balance at bookies.
So the question is: why even lay bets since we lose them considerably in the long run?Some may ask if you don’t lay how is it different to mug betting. For starters matched betters look for and take value bets. Any other reason comes to mind?
One pitfall of such strategy is problems with cash flow. Anything else you can think of?
If you don’t mind post your exchange balances and period of time.
