How To Lay A Bet
If the opposite happens, the backer’s stake is added to the account of the layer. Now it’s time to explain how betting exchanges generally work, in comparison to normal bookmakers work in generally. If you have never encountered the concept of a betting exchange, we will explain it in more detail.
You can only place bets like these on betting exchange platforms, such as Betfair, Matchbook, or BETDAQ. Since launching in 2000, Betdaq have been a persistent player in the betting exchange industry. Exchange traders essentially trade positions much like a broker would the stock exchange, assessing the market as the event is live in-play. The goal of the first bet is to enable you to qualify for the free bet without suffering loss. You can achieve this by placing a back bet at the bookies and placing a lay bet at a betting exchange such as Betfair for the same event at the same or slightly differing odds to counter your back bet. The reason you cannot lose is that every outcome is covered by your bets.
We have step-by-step, written and video instructions on all of the offers – you’re guaranteed to make money. The outcome of the event is irrelevant, so any prior knowledge or experience with sports is not needed. Lay betting can be termed as the counterpart of back betting. When you are betting on non-occurrence of a specific event, it is said to be a lay bet.
But diligent research can prove to be very profitable. Advanced Cymatic Trader is another great option if you want to enhance your betting exchange trading and improve your profit and loss balance. With a great range of features allowing you to streamline your trading on Betfair or other betting exchange, Advanced Cymatic Trader will take your trading to a professional level.
Take the above-mentioned example in order to understand its dynamics. In a lay bet, you place the bet for the probability of a Liverpool loss or the match to be drawn. Hence, the betting is actually on the chances of non-occurrence of a Liverpool Win. Laying a bet is most popular with racing or sporting events with a big field of contestants.
Before you start using real money or you open an account, you should understand exactly how betting exchange works, how to do sport trading or how to apply the easiest strategies of back and lay. In this example, if the team wins the tournament, the total payout will be ৳242. You have to pay ৳142 to the winning customer, as the backer’s original stake is returned to them. If the team loses the tournament, you win ৳100 minus commission from the betting exchange. As soon as you confirm your lay betting selection, other punters will see it on the market and will be able to bet against you.