If you don’t think So You Think can win the Cox Plate but don’t know you else could, then we have good news. Betfair allows you to lay against the favourite – read on to find out how!

Unlike any other online bookmaker, Betfair is unique in that YOU can be the bookmaker! Betfair is a betting exchange where you can place bets or take bets with a very easy to use interface.

Betfair is truly a remarkable product and business and we at Races.com.au recommend that you open a Betfair account in addition to your other online betting site accounts.

Lets say that you aren’t backing So You Think to win the Cox Plate. At Betfair, you can lay him, which means you will have the 9 other horses running for you to knock off the favourite.

Here’s how it works: say you want to lay So You Think and the top odds to lay are 1.50. This means you can take $200 worth of bets to risk losing $100 – if So You Think wins then you lose $100, but you win $200 if he gets beaten by any of the other runners.

Betfair is offering a $100 refund for Races.com.au players. If you don’t win on your bet then they will refund you up to $100. With this sort of offer, what have you got to lose? Open a Betfair account now and give it a try!

Also, Betfair will be running a special carnival promotion where they are offering a 20% better dividend than the best tote price around Australia. This means that you can not only lay horses with betfair, but you can also back horses at consistently great prices as well as take trifectas, quinellas, etc – virtually any form of bet.