That's what I'm trying to say.
When Betfair first started, everyone thought "lay horses, how easy is this?"
But laying horses on Betfair is like betting into tote pools, the odds are that far against you.
Horses do trade at below the true price, but often because there's been a solid move on course.
It can be done, it can be beaten, all I'm saying is that it is a great deal harder than betting to win with the market persentages.
But hey, I shouldn't complain, I got done badly laying horses and others might not.
Currently I'm sitting at 34% POT backing them, and haven't had a losing day since switching