Video Summary

In the world of sports betting, some claim that laying odds of 101 (opposite of backing) is a profitable strategy in the long run. While it may seem counterintuitive, some suggest that small losses will be outweighed by occasional big wins. To investigate this claim, an individual decided to conduct an experiment. They aimed to lay odds of 101 in the under 2.5 goals market in football, with a 10-pound stake per bet.

The initial idea was to place bets manually, but this was deemed too slow for the high volume of games on a Saturday. Instead, an automation software was used to place 10-pound lay bets on under 2.5 goals markets at 101, with a maximum risk of under 50 pounds. On the first day, 137 markets were matched, resulting in a net loss of 13.60 pounds. While this was not the expected outcome, it's not the end of the experiment. The goal is to continue laying odds of 101 and see if this strategy is profitable in the long run. The data from this experiment will be crucial in determining whether laying odds of 101 is a viable strategy for profits.