This is how lay odds look like on the Betfair Exchange
Lay betting is essentially the opposite of normal sports betting. In traditional betting, which is referred to as 'back betting', you bet on an outcome to happen, such as a team winning, or a specific score - this is the side of the bet that 'backs' the outcome. With lay betting, however, you are betting on the opposite outcome, betting against the team winning, or against a specific score, which is the side of the bet that 'lays' the outcome.
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Similar logic works for sport. Let’s say the odds for Jordan Spieth to win the Masters Tournament are too short, but you don’t know who else to back. Place a lay bet on Spieth and you are backing any of his opponents to win instead. Sounds easier, right?
A lay bet is a bet that something will not happen, in contrast to a back bet, which is a bet that something will happen. You could think of it as the opposite of a regular back bet.
Liability = [lay odds x backer’s stake] – backer’s stake
For example, in an upcoming match between Manchester United and Chelsea, your friend might say, ‘I bet you £10 that Chelsea win.’ If you take their bet, you have effectively placed a lay bet. Any outcome other than a win for Chelsea - i.e. a win for Manchester United or a draw - would result in your winning your lay bet. Laying a bet therefore allows you to cover all outcomes other than a win (in contrast to placing a back bet on a team’s opponents, which wouldn’t allow for a draw).
Turn to a lay bet and you’re essentially backing the other horses in the race to beat the one you’re laying. On sheer head count alone (23 against one), the odds are stacked in your favour.
Lay betting when Matched Betting works the same way, just on a bigger scale. You’re acting as a bookie yourself when you place a lay bet, in that you are selling a bet to other punters. If their bet doesn’t win, you keep the stake as profit; if it does, you have to pay out their winnings (but don’t worry - if you’re Matched Betting, your winnings from your back bet will balance this out).
Lay betting is an option on a betting exchange which allows gamblers to play the role of a traditional bookmaker. You set the odds of the bet, and you potentially win the backer’s stake if the selection loses. If the selection wins, you lose the backers stake multiplied by the price of the selection (minus the stake amount).
Opas lay-vedonlyöntiin aloittelijoille
If you wanted to lay the Sydney Swans in the AFL Premiership market at the odds of $8.00 and entered a $10.00 stake, that means there is someone else putting $10.00 on (backing) for the same result to happen at the same odds.
Vedonlyöntipörssi: Lay-veto eli vastaveto ..
Lay-vedonlyönti on tehokas mutta aliarvostettu strategia urheiluvedonlyönnin maailmassa. Toisin kuin perinteisissä vedoissa, joissa lyöt vetoa tapahtuman puolesta, tässä lyöt vetoa tulosta vastaan. Otat vedonvälittäjän roolin. Jos tapahtuma, jota vastaan olet lyönyt vetoa, ei toteudu, voitat.
To lay a bet simply means you are backing something not to happen
The difference between a regular bet (also known as a back bet) and a lay bet, is that on a back bet you bet on a team/player to win. If you were to place a lay bet on the same team/player, you bet on that team/player NOT to win. You can place a lay bet on exchanges such as , and .
Back and Lay Betting Explained for Beginners | Goal Profits
Many newcomers to Matched Betting assume that a lay bet works exactly the same way as a back bet, only against an outcome instead of for it. However, that isn’t at all the case. Because you’re effectively acting as the bookie, you’re responsible for paying out winnings to ‘your’ customer if their bet wins.
What is the meaning of lay and back in betting
Lay betting is the opposite to ‘traditional’ betting. With lay betting, you bet on a team not to win instead of backing them to win. Lay bets can only be placed at an online betting exchange, like Betfair. This guide will show you how important lay betting is to the matched betting process and how it’s not as complicated as it sounds!
In a nutshell, a lay bet is when you back an event NOT to happen
We’re using Betfair for our example, but the on screen layout at all betting exchanges is similar. What you will notice are two different boxes. The blue box is your traditional back bet, and the pink one a lay bet.
