Exchange Betting
Lay Value Calculator
1
Course
2
Favourite
3
Rivals
4
Analyse
5
Result
Step 1 of 5
Where is the race?
Select the racecourse and enter the field size. Historical favourite win rates auto-fill your edge threshold.
Racecourse
Fav win %
Lay win %
Base edge req.
Race Details
Edge Formula
Lay Edge % = 100 − (True Win % × Lay Odds) Required Edge = Base (course) + Field adj − Form bonus − J/T bonus − Market spread

The required edge falls when form supports the lay, connections are weak, or rivals are tightly priced. It rises in small fields or when the favourite looks solid.

Step 2 of 5
The Favourite
Enter the lay odds, paste the form card, and rate the jockey & trainer. Analysis runs in Step 4.
Odds
Form Card
Connections
Jockey & Trainer
Jockey5
Solid professional, no strong signals
Trainer5
Average yard, no strong signals
Step 3 of 5
The Rivals
Optional — add the 2nd and 3rd favourites. Even odds alone improve the analysis.
2nd & 3rd Favourites
Jockey & Trainer
Jockey5
Solid professional, no strong signals
Trainer5
Average yard, no strong signals
Jockey & Trainer
Jockey5
Solid professional, no strong signals
Trainer5
Average yard, no strong signals
Step 4 of 5
Analyse
All your data is combined below. Review the form assessment, confirm your true win estimate, then proceed to the verdict.
What You've Entered
Course
Runners
Fav Lay Odds
2nd Fav Odds
3rd Fav Odds
Form card
Fav jockey / trainer
Favourite Form Assessment
Est. true win %
Race Dynamic
1st Fav
True win %
2nd Fav
True win %
3rd Fav
True win %
True Win % — Confirm or Adjust

The form engine has estimated a true win probability below. You can accept it or override it before calculating.

Step 5 of 5
The Verdict
Confirm the final inputs and calculate.
Final Inputs
Live Edge

Lay Edge
Required Edge
Market Implied
Lay Odds
Edge Breakdown
Ratings Database
Add / Update Jockey
Add / Update Trainer
Settings — Google Sheets
Setup Guide
1Create a new Google Sheet at sheets.google.com
2Click ExtensionsApps Script
3Delete all code and paste in the google-apps-script.js file provided
4Click Save, then DeployNew deployment
5Set type: Web app · Execute as: Me · Access: Anyone
6Copy the Web App URL and paste it in the Ratings DB section