Donkey Lays is a new to market horse racing tipster service which comes courtesy of the Pro Betting Club. The service has produced some good looking results to date.
Introduction to Donkey Lays
There are definite trends when it comes to what you see in terms of the market for betting products. One such trend is laying off bets. At one point, you literally couldn’t pass the day without getting one offer or another for a lay betting tipster service. It always seemed like such an easy way to make money. After all, it goes without saying that it’s much easier to pick a horse that isn’t going to win than one who is going to. A lot of those tipsters are now gone, thankfully. Mostly because they were a bit naff.
Now though, when you do see a laying based tipster, they tend to be of a certain type of quality. Because all of the questionable panderers have moved on. Which brings me to today’s subject, Donkey Lays. A rather interesting affair that leans on laying horses, and laying them to place. Something that I have seen before from Pro Betting Club, as I recall, albeit with a much more focused service. But what really impresses me here, being incredibly blunt about it, is the profit potential that exists. Because it is a service that, to date, has performed bloody well.
Don’t get me wrong, Donkey Lays isn’t all going to be plain sailing. That is, if I’m completely honest, just a part of laying. There is a lot of balancing of risk and reward (a topic that I want to talk about later on) that definitely can be managed, and managed well. But it does also create a situation that, honestly, just won’t suit everybody. So, with all of that said, let’s get right into this, and see if Pro Betting Club are actually putting out a decent offering or not.
What Does Donkey Lays Offer?
In a lot of ways, Donkey Lays isn’t quite like anything that I think I’ve ever seen before now. I have mentioned that Pro Betting Club have produced something in a similar vein, but I don’t believe that I’ve ever seen anything that combines lay bets in quite the way that you see here. In actual fact, I will go as far as to say that it is quite inspired. But we’ll get to that a little alter on.
First things first, I want to talk logistics. Now, Pro Betting Club are a well established tipping platform, and that shows in a lot of what they do. They don’t really put a foot wrong. Of course, that doesn’t mean that they are necessarily doing anything that counts as particularly good either. So, what does this mean for you exactly?
Well, as you would expect from pretty much any tipster service in this modern day and age, selections are sent out directly via email. One of the good things about lay betting is that you don’t have the same pressure to find “good odds” like you do with backing horses. Don’t get me wrong, you don’t want to open up your liability too much, but because laying always returns the same amount, it is less time sensitive.
Something that you do have to keep in mind with lay betting however is that you will need an account with a betting exchange. For most semi serious bettors, I doubt this will be a problem, but knowing the right one to choose can be a bit of a conflict. For example, there are companies like Smarkets, that charge less commission. But you have to balance that against liquidity where Betfair reigns supreme (and also seems to be Pro Betting Club’s recommendation for Donkey Lays).
By this point, I think that it is very firmly established that Donkey Lays is a lay betting service. But what is really interesting to me here is that you are laying horses to win, and laying horses to place. Sometimes, you will be laying the same horse multiple ways. Something that at first confused me, but now that I think about it, makes a bit of sense.
Now, there are two key betting elements to talk about here. Firstly, I want to touch on the volume of bets. Because Donkey Lays is a pretty high volume affair. September and October last year both saw more than 200 bets each. December and November both averaged around 4 and 6 bets per day respectively. But even that isn’t the full picture here.
The fact of the matter is that some betting days will have just a few selections. These may be multiple bets for the same horse too. Other days through, you might easily see bet numbers get into the double figures. Something that is a long way from an occasional occurrence if I’m honest.
This leaves the odds to talk about, and that is an area that is incredibly important when it comes to lay betting. Laying win bets, the average odds come in at 8.92. This means that you pay out 7.92 times your stake if a horse wins. On laying the place bets, the average odds drop substantially to 2.75, which means paying out 1.75 times your stake.
Obviously, this can mean some pretty substantial outlays, but, with a decent sized betting bank I don’t think that this will be the end of the world. The fact of the matter is that the strike rate for Donkey Lays works out at 79%.
That means that around 1 in 5 bets will lose, however, this isn’t a game where averages apply. So far in January, there has been just one big losing bets at odds of 7.89. That would mean paying out £68.90 on a £10 bet. Otherwise, the liabilities have been very low.
How Does Donkey Lays Work?
The core idea of lay betting is quite simple. As I did rather gloss over in my introduction, the key idea is that it is easier to pick a horse out to lose a race than to win. And that is something that really, is statistical. Because your chances go from 1 in 6, to 5 in 6. But the thing is, it is rarely that simple. In fact, laying horses is actually a complicated thing.
This leaves two things to talk about. Firstly, I want to discuss the fact that Donkey Lays concerns itself with laying horses to place and to win. Often on the same horse. This allows you to take advantage of races where horses with relatively low odds (and therefore liabilities) don’t necessarily carry much chance of winning.
Secondly, rather frustratingly, Pro Betting Club don’t really talk about what the selection process here entails. And I’ll be honest, that is incredibly frustrating. I have talked a lot about the fact that I believe you should be in a position whereby, at the very least, you know what you are getting yourself into. I’m not entirely certain that is the case with Donkey Lays.
With that said, I do think that Pro Betting Club should be credited for providing very robust and independent proofing. This goes all the way back to the start of September and covers information on all bets, as well as providing overviews and statistics. As such, whilst you may be missing that crucial explanation, I do think that you can get a good idea of the ebb and flow of Donkey Lays.
What is the Initial Investment?
Pro Betting Club provide two different subscription options if you want to sign up to Donkey Lays. The first of these is a monthly subscription which is priced at £39.50 per month. Alternatively, you can sign up for a quarterly subscription at a cost of £89.50. That represents pretty decent value, despite the higher initial outlay.
It is worth keeping in mind that Pro Betting Club don’t offer refunds on their services and Donkey Lays is no exception. As such, there is unfortunately no money back guarantee in place, although you can cancel your subscription at any point.
What is the Rate of Return?
At the time of writing this, Donkey Lays is at a profit of 159.10 points. Given that we’re about 4 and a half months into the service, I don’t think that those are particularly bad results at all. It works out ats more than 30 points per month as an average, and that is more than twice what I’d expect from a tipster who is having a reasonable month.
Meanwhile, the ROI sits at 18.81%, a number that is pretty good. Especially considering the fact that, by and large, lay betting produces much more of a “slow and steady” profit. As such, it is actually a pretty accurate reflection of what you can expect for the future.
Conclusion for Donkey Lays
What you are getting into with Donkey Lays isn’t new ground. But I do feel like it does a pretty good job of taking the lay betting angle and really running with it. And where there are those tweaks that are a bit different to the norm, they are undeniably quite impressive. Honestly, it almost makes sense to lay both the win and the place. Especially at the right kinds of odds.
And that for me is where Donkey Lays seems to really perform. And it is arguably one of the most overlooked and important elements of lay betting in my opinion. The fact is that it’s all well and good picking out long shots on the grounds that they’re unlikely to win. But on that off chance that it does happen… It’s very expensive. And that is where I’ve seen far too many lay betting services fall down.
Looking at the average odds for Donkey Lays though, I just don’t see it being a problem. I mean… 5.85 really isn’t bad. Creating a theoretical scenario where Donkey Lays wins entirely based on averages, the performance is really quiet good. But the fact is that what Pro Betting Club have put out here isn’t really an average service in my opinion.
Shooting straight for a minute, there are problems with lay betting. It isn’t quite the mecca that people expect it to be. One of the biggest issues can be the time spent waiting to identify betting opportunities. Now, as Pro Betting Club are keen to point out, this can be mitigated through the use of a bot which can place the bets automatically for you. That takes at least some of the stress out of the situation, but that requires its own effort.
The question here is whether or not it is worthwhile putting that effort in. Honestly, from what I’ve seen so far, this probably is. The profits are solid. I would go as far as to say that they are very good. And generally speaking, they are very consistent. Whilst there was a blip in November, Donkey Lays quickly recovered, and honestly, I would expect the same long term.
As a secondary consideration, it is worth mentioning that if you want to start with reasonable stakes, you will need a decent betting bank to get going. Because of how lay betting works, you have to be able to cover your entire potential liability. This means that on days like the 2nd of November (literally just the date where I had the proofing option), you’d need 46.76 points. To £10 per bet, you’d need £467.60 in your betting bank. Other days may need even more than this.
There is also the price that is worth keeping in mind. Let me be clear. £39.50 isn’t a lot of money per month for a serious tipster service. I know of plenty that charge more than this. But it is enough money that you need to be pretty serious in order to cover your costs. Using monthly average costs, you’d need to stake at least £1.31 in order to pay subs. £2 stakes would mean a profit of £20.50.
So, as long as you are in a position to commit to what Donkey Lays requires of you, it is a pretty solid looking option. In fact, I would go as far as to say that it is one of the better looking lay betting services that I’ve seen for some time. There has yet to be a month that doesn’t produce a profit, it is affordable, and generally speaking, Pro Betting Club’s proofing shows a strong consistency. And I don’t think there is much more that you could ask for.