Lay betting definition
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.
This is different in lay betting. Think of yourself as the bookmaker. If you lose your bet, the bookmaker keeps your stake. If you win, then the bookmaker has to pay out your winnings. It can be a lot more than your original stake. This is same as laying a bet. If the selection does win, you have to pay out the winnings.
That potential payout is known as your liability. It how much you need to pay out if you lose your bet. Example 1 You lay a horse at 3. The horse is priced at 3. If the horse wins the race, then your liability is equal to the winnings for the backer. Example 2 You lay a horse at 5. The horse is priced at 5. Example 3 You lay a horse at At odds of This is different.
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