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Betting rules for owners

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Just been reading the rules for betting/laying as an owner and as to be expected, you cannot lay your own horses.

However it doesn't say you cant back other horses in the race?   Is this the case, or have I missed the relative ruling on this?  Does this effectively mean you could back 3 or 4 others as a backup if yours doesn't win?

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Makes sense

NO LAYING BETS 708 (1) Any person who: (a) is a Licensed Person and/or an Owner or lessee (as the case may be) must not Lay any horse under his ownership, management, care, control, supervision or superintendence, including (without limitation) any horse he trains or rides; (b) is employed by a Trainer in connection wi

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24 minutes ago, chiknsmack said:

I've posted about this before. You can't lay your own horse, but you can back every other horse in the race (de facto laying your horse) and it's all good.

and lets be honest, you wouldnt want to employ that method using the NZ TAB given their skinny percentages...better on something like betfair 

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Thanks,  that's kind of what I was getting at, seems a bit backwards in a way. 

You cant lay, but jump onto Betfair which is near enough a 100% market, back every other horse and its the same difference, but legal.

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Just doing the numbers on getting back into a few horses and its so bleak I was starting to look at the options of laying it every start to hedge my bets so to speak, about the only way I can see owning a horse without completely just setting fire to money.     

10% share of a horse you need a return (roughly) of $3k a year to be break even or thereabouts depending on trainer/area of country unless you luck into a top horse.

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yes thats it, not laying them (my horse) so much that the payout on betfair if it did win was more than the stake money earnt, but enough to split the difference or something along those lines. 

Haven't quite stacked the numbers up yet, and your horse would actually need to be shortish in the market to make the stake/liability weight up, but thats the general gist of it.

$10k race, horse wins $6k, after jockey/trainer/entry fees maybe $500 returned to a 10% holder.   Lay the horse to for example $300 liability, it it wins you lose $300 laying it, but win $500 in stakes so net  $200.  If it loses, win your betfair stake and maybe pick up some prize money for minor placing.  

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Lay bets , the corrupters paradise . 

Judgethemoment Lingfield a good watch on you tube , fair pace he went out in distance race  . Cost Eddie Ahern 10 years of career and Ballinger Ridge also Lingfield also a good watch . Gave  Fallon and others some days at Old Bailey , found no case to answer though for Fallon .

It's  a massive can of worms and Betfair systems all over dodgy betting patterns .They have years of experience and technology spotting these kind a scams .

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