Lay betting terms

A Lay bet is one where the punter bets on an outcome not occurring, i. How do you determine the winnings from a Lay bet? With a lay bet, your winnings will amount to the stake outlaid by the punter that has matched your bet. What is your liability? When engaging with Lay betting the punter will bet against an outcome happening, but in doing so they assume liability for the bet if the outcome does eventuate.

Your liability is the amount you could lose if your Lay bet is unsuccessful, in other words, if the outcome you bet against ends up eventuating. In many markets there will be significantly more fluctuation in terms of the price available on a betting exchange, as different, independent parties take a viewpoint on how the event is going to unfold. On a betting exchange, customers can take on the role of bookmaker, by setting their own odds on a sporting event and accepting bets, or the punter, by placing bets using the odds offered by other exchange users.

With exchange betting, it is the customers, not the traditional bookmakers, that set the market by offering their own take on the prices of each outcome. A betting exchange merlely facilitates its users in placing and accepting the wide variety of bets on both winning and losing outcomes backing or laying.

The betting exchange will typically charge a nominal commission on bets placed. This may involve back and lay betting. In order to achieve this, the punter could use a back and lay calculator in order to figure the exact margins they are working to. Back lay betting requires an in-depth knowledge of betting exchanges and in-play betting but can prove to be profitable over time if done correctly. As you might know, picking the winner in a race is no easy task! Often, if the race favorite is a short price, it is more profitable if you back this horse to lose and it does lose than if you back it to win.

Therefore, you can lay them. You are effectively placing a bet that Liverpool will not win the match. In this instance, you will win your bet if Manchester United win the match or the match ends in a draw. This is a lay bet example in a popular football betting market. It is vital for you to establish a thorough understanding of lay betting before getting involved.

In a nutshell, a lay bet is when you back an event NOT to happen. It can be a horse not to win a race, a team not to win a football match or even an athlete not to win a certain event. Essentially, the punter becomes the bookmaker in a bid to cover a favourite losing. As with all wagers, the odds-on lay bets varies depending on a number of factors. If you want to lay a favourite in a five-runner horse race, you may get decent odds — essentially this means that as long as one of the other runners wins, your bet is a winner.

Yes — that is exactly what lay betting is. The main objective of a lay bet is to take the favourite on. The most popular sports for lay betting are horse racing and football, but it is also popular in other sports as well.

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Horse racing lay bets If there was a clear favourite for a major horse race like the Cheltenham Gold Cup, then you might wish to try a lay bet on this runner. This would be much simpler to win your bets as we all know how difficult it is to predict a winner when there are many different runners in a big horse race.

Rather than betting on Tottenham to win, you could instead put down a lay bet on Arsenal. As a result, you would win your bet if Tottenham won, or if the match was drawn. Benefits of lay betting One of the key reasons to try lay betting is that it often makes it easier for you to win your bet. If a Formula 1 Grand Prix race had Lewis Hamilton down as the clear favourite with short odds, you could try laying that driver and find that you get better odds by backing Hamilton not to win the race.

Most people who lay bets will keep the odds fairly short so that their liability is reduced. We should also note that lay betting is fairly counterintuitive and goes against the thinking of most sports fans. This is the best way to unlock value in your lay bets, and you can usually get the best options for this whenever the big sporting tournaments like the FA Cup final and teams like Manchester United are involved. We should also note that live betting can be a great way to shake things up now that you've had lay betting explained.

This enables you to react to the market by changing your bets halfway through a sporting encounter. Lay Betting Systems Available There are really two kinds of lay betting systems that you will come across. The first kind is operated by a third party, such as a tipster service. You won't get to understand the system itself, but will simply be given the selections of the system used by the service.

Lay Betting Tipster Services Tipster services can be useful for those who have limited time. That's because they don't require any real homework. All you have to do is wait for the selection to be provided and then lay it with the exchange. Of course, you have to trust that the tipster knows what he is doing. Picking losers might sound easy, but it can be harder than you imagine.

It can also be risky, as a single winner could wipe out profits gained from a sequence of losers. This will require you to do your own form study and make your own assessment of each event. The advantage, however, is that you will be in complete conrol of your lay betting destiny.

You can develop a lay betting strategy and put it to the test without risking any cash. If it doesn't work as effectively as you want, all you've lost is a little time. You can then have a go at developing another one that's more effective.

When you do manage to develop a selection method that works, it's yours to use for as long as you want. And no subscription fees are required! The Advantages of Lay Betting Systems Lay betting systems offer a number of advantages over bet on winner systems. One of the biggest is that they can be less risky.

Consider a horse race that has eight runners. If you lay one horse, you are effectively betting that any one of the other seven will come out ahead. You therefore have a 7 in 8 chance of success instead of 1 in 8 when betting on the winner.

This assumes that all of the horses have equal ability, which won't often be the case. However, the advantage of lay betting is quite clear for all to see. Lay betting can therefore give you a higher success rate that betting on likely winners.

Another advantage concerns odds and stakes. If you place a typical bet, you have to try and find the very best odds available.

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Betting exchanges A betting exchange is a trading platform whereby bettors can exchange bets. The two bettors trade at a price agreeable to both. A betting exchange is very similar in operation to a stock exchange. Lay betting with Betfair Lay betting is available with all betting exchanges. Lay betting explained: Sports example The example shows the market for A tennis match between Djokovic and Nadal.

The back odds are in blue and the lay odds in pink. The darker pink cell shows the lay bet. The bet is to lay Djokovic to win the match meaning that we believe that he will not win. Chelsea wins. But the big question is: how much will the Layer pay out on an Everton win? To work this out, you simply use the formula below: Stake x DecimalOdds You always subtract the 1 from the odds because you only have to pay winning punters their profits — not their stake as well.

Rather than calculating your Lay bets manually, I recommend using an online Lay calculator. Lose the liability, which can be greater than the stake Layed when the odds agreed are above 2. The process of Laying is identical to Bookmakers who sell odds to the public. Lay prices are always in pink on Betfair and most exchanges, actually.

The best lowest Lay odds for Huddersfield are currently The stake is matched with other Betfair users who want to Back Huddersfield at that price, on a first come first serve basis. The exact same principle applies to other peer-to-peer betting sites and apps. Placing Lay bets is essential if you want to earn risk-free profits from Matched Betting.

So how can you limit your liability?