Money For Nothing With Ladbrokes

God knows how many times I've been told Welds in the last will win now today. Name of the horse is New Rules, its owned by JP McManus and I think thats adding fuel to the fire. But anyway serious word for this in Galway, it hasnt ran before though and I've been burnt before backing unraced tips. Ladbrokes are going 5/2, while you can lay at 3.15 on Betfair, most probably less nearer to the off but I'm happy with a chance to win €80 for a tenner (commission on the €200). Why people continue to back on Betfair at lower odds is beyond me. For what its worth, from what I've been told the horse will win, but I'm more than happy locking in profit, after all it hasnt ran on a race course yet.