PRIZE LAY
This is a system for horse racing in the U.K. and Ireland. It covers all types of racing – Flat, National Hunt and All Weather and is specifically targeted for betting on horses to LOSE a race. In the racing fraternity this mode of betting is called Laying, as distinct from the normal and traditional method of Backing. This form of betting is available through betting exchanges. The ultimate aim of the system is to make consistent profits from racing.