Remember, that you don’t have to set your lay price at what’s currently on offer. You can move as high as you like and simply wait for that price to be matched. To back Newcastle at odds of 5.9, you simply click on the price and then it gets added into your betslip just as you would a normal bet with any other bookmaker.
The recommended betting exchange is Betfair because the liquidity is so good meaning that if you want to place lay bets, you do not have to pay such a premium to do so. There are two categories of betting agencies, bookmakers and exchanges. In traditional betting, the bookmaker offers odds that you can bet against. In exchanges, other users determine and offer the odds and you bet against them. If you are an enthusiastic player, this is an excellent ground to bring out the best in you. If you play against a bookmaker, they lay odds against an outcome and you can only play by backing the outcome.
Markets – Betting exchanges are unlikely to offer as many markets as a traditional sportsbook. However, our recommended sites offer a host of sports markets, ranging from football and horse racing to golf and politics. Another component of your lay betting system is the expertise you bring to the table. The more knowledge you have of a particular market and sport, the better your chances of making money. This is especially true in lay betting, where the odds aren’t as sharp as those at regular sports betting sites. Strive to develop your ability to read statistics about your chosen sports, such as individual player’s performance histories, head-to-head records, and opponent-related dependencies.
You do have the freedom to choose how much money you want to win, which can be higher or lower than the amount backers have already placed. To lay Red Bull Salzburg, you need to click the box in the ‘Lay’ column, that is, the one saying 4.2. The odds in question are the ones those backing this team are getting. And the number you see below the odds is the amount of money that’s been staked on Red Bull Salzburg. How to lay a bet is something that’s best explained with an example.
The process is clear, the math adds up, and opportunities for free bets from licensed bookmakers are all over the internet. The practical example above shows you that there is no catch. Since you are covering all the outcomes, there are zero chances of loss except for the negligible qualifying loss. Having said that, the biggest challenge with matched betting is that you may lose some accounts with time and fail to get as many free bets and promotions as you did at the beginning. You can see how much you can make per bet so the overall amount you can earn from matched betting depends on the time and effort you are able to spend on the task. On average, you could make around £200 a month, but some people earn up to £800 or even more.
The site ‘exchanges’ your bet with someone placing a back bet, which is why it is called a betting exchange. Support – Understanding what is lay betting can be tricky. As such, support may be required more often than normal. The best sites offer support over the phone, via email and through live chat, 24/7. Lay betting is precisely the opposite – you are betting on something NOT to happen. So, you could bet on Chelsea NOT to win the EPL, Judd Trump NOT to win the WSC or Joe Root to lose his wicket for less than fifty when England’s next ODI arrives.