What is lay in betting

In back betting you win when team wins. In lay betting you win when team loses. What is lay betting in horse racing Backing and Laying is about betting on something to happen (backing) or betting against it to happen (laying). On a traditional bookmaker with the double chance betting markets you may bet on 1X which is the home side and the draw or X2 which is the away side and the draw.

You can even see it as a matchmaking service where two players agree on the odds and stakes offered for an event and then bet against each other. Some bettors also view a betting exchange as a sort of a stock exchange — only instead of stocks, players use betting odds. No matter what your perception of betting exchanges is, all of their features are made possible thanks to back and lay bets. You might also like Liability on Betfair is the funds needed in your account to cover any lay bets you make. If the lay bet is taken (placed), the liability is safely stored away until the event’s outcome.

Betting exchanges typically work on a commission-based business model, where they take a small cut of the profit from winning bets, so do keep that in mind if you are a stickler for keeping track of profit and loss margins (which I’m sure you are, seeing as you are on the Betting.com site right now…). What is Liability in Lay Betting? I have dabbled with laying runners close to the finish purely on my reading of the horses and jockeys involved, and whilst you can do ok (or even quite well) with this approach, it’s more profitable to lay all runners (laying the entire ‘field’) in races you carefully select beforehand, races where you expect close finishes to take place.

If you bet £10 at 6.0 your return is £60 before the commission. If you are on 5% commission this is applied to your winnings (£50) and hence £2.50 commission is deducted from your £60 return leaving £57.50.  You are unable to access oddschecker.com Generally, your lay bet will get placed after the point number is rolled. You can place a lay bet on the opening roll, but it’s ill advised.