Yes. Even though it may sound paradoxical, horse racing offers a chance to bet on a horse to lose. What’s more, this type of betting is one of the most popular options. It’s not that surprising if you think about it and consider that this proposition leaves you with eight candidates (if it’s a nine-horse race) who will not be the winners of the event. The so-called lay betting is available on every betting exchange out there. You will find this type of marketplace on the top horse racing betting sites in the UK, such as Betfair.