How to Lay a Horse on Betfair for less than your Minimum Bet
Many times, especially if you are new to Betfair and Horse Race Laying, you want to be bet less than the Betfair minimum bet of £20. Placing a lay bet, i.e. betting the horse to lose at 10-1 odds, can result in a huge liability if the horse actually wins.
If you bet £20, then your liability would be £60. If you are new to horse laying, you may want to know how to risk much smaller amounts than the Betfair minimum bet of £20. For that purpose, you can split your bets and then use the one that you set lower.
Instructions
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1
First of all, you need to sign up for a new account at Betfair.com. For that purpose, you will have to fill up the registration form and then provide your credit card information, which is mandatory to place bets on Betfair.
Your credit card information will be used to draw any amount from your account, if you lose any bet, or to transfer money to your account if you manage to earn some money by winning the bets. -
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After you are done with setting up a new account at Betfair, you can visit the Horse Race Laying section and place your bet by laying your desired minimum amount at 1.01 odds. For instance, you can place a lay bet for £8.00 at 1.01 odds.
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3
Go to the “My Bets” section of your account and look for the bet you placed. Click on it and modify your bet by increasing the minimum amount by the amount you wish to bet. For example, let's say you want to bet 1p. Just add 1p to your original bet. Now your bet will be £8.01. This will split your bet into two parts, one for £8 and one for 1p.
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4
You can now cancel the £8 bet. Adjust the odds of the 1p bet to what you desire.
