Betting Basics - Lay Betting
There are many strategies of play that can be performed when betting on soccer.
Back betting and
Lay betting are types of betting is normally found at Betting Exchange. If you do not already have an account, we advise that you open one as soon as possible as this can be most beneficial to you. The rates that you get here are much better than that of Sportsbook.
Betfair prices are on average 20% better than any bookmaker. Click here!
Let’s take an example of a simple Back and Lay betting:-
| German Bundesliga |
| Frankfurt vs Hannover | Match Odds |
| Sat,27 October 02:30 | Back| Lay | | Frankfurt | 2.44| 2.46 | | Draw | 3.15| 3.20 | | Hannover | 3.60| 3.65 | | | | |
Let’s say you favor Frankfurt to win and you are willing to place a bet of $ 100 on Frankfurt to win. You Back Frankfurt at the offer price of 2.44. Once your bet has been matched, your $ 100 will be frozen by the Exchange till the game is over.
If Frankfurt wins, you will get back $244 + $100 = $344
The Exchange will charge a small commission of between 1% to 5% on your winnings of $244.
If Frankfurt losses, your loses will be $100.
Now, Lay betting is a little different from Back betting. If you place a Lay on a team it means that you are betting that the team will not win.
Now, if you choose to Lay Hannover at $3.20, it means that you are betting that Hannover will not win.
If you Lay $100.00 on Hannover not to win, and Hannover looses or draws, your winnings is $100. However, if Hannover wins, your loses will be
(Stake x Odds) – Stake which is ($100 x $3.20) - $100. Thus, your loses will be $220.
Whenever you choose to Lay a bet, always take note of your liability. It is the amount that you will loose should your lay bet wins.
You can also Back or Lay the game to draw or not to draw!
Back or Lay at Betfair.com. Click Here!
One of the most effective and rewarding betting strategies where you can make a huge amount of money is learning to
Lay the losers. You can read more about this from
Winners Lay Losers.
Other related betting articles:-
Soccer Betting - What is Lay Betting and How Does it Work?Betting Exchanges And Lay Betting - An IntroductionBetting Exchange Place Markets - Wise Up And Win
