Exit strategy for losing lay the draw bets
How to exit a losing Lay the Draw betSo the thorny issue remains - what to do do if your lay the draw bet hasn't worked out.
Although there are many goals scored in the last ten minutes of football matches, hanging on in the hope that there might be a late winner can prove a destructive approach to football betting.
The reason for this that the in the last ten or fifteen minutes of a match where the score are level, the odds on the draw drop dramatically.
This means that a huge part of the initial liability for the bet slips away at an alarming rate as the match reaches its conclusion.
This provides an opportunity however, to carry out a lay the draw betting system more profitably by exiting 10-15 minutes before the end of the match.
It's better to save some of your betting bank for another lay the draw opportunity where you will get better value for each minute played.
Example of exiting a losing bet after 75 minutesLay the Draw at the start of the match at odds of 4.50 Stake £100 for a potential liability of £350.
The match ends 0-0.
This results in a loss of £350 if you see the bet through to the final whistle.
Exiting after 75 minutes
Back the draw at 2.00 for £225.
This results in a loss of £125 whatever happens in the rest of the match, which is considerably better than losing £350.
Why is this a good exit strategy for lay the draw bets?Although the possibility of a late winner and a big win has gone, knowing when to exit a lay the draw bet at this point is wise in the long run.
In the English Premier League in 2011-12 there were 1,066 goals scored in 380 matches, an average of 2.80 goals per match.
Assuming each match lasted an average of 95 minutes, that means a goal was scored every 33.9 minutes, with goals being scored slightly more regularly in the second half than the first, and with a further increase in frequency in the last few minutes of a match.
Running the bet for 75 minutes has cost £125 - this works out at £1.67 per minute.
Running the bet for the last 20 minutes would have cost a further £225 - this works out at £12.75 per minute.
While it is true that more goals are scored in the second half of matches, their slightly increased incidence does not justify such a heavy price for seeing if that all-important winning goal will be scored.