Bet And Lay Strategies
How does it work to place a lay-bet at a betting exchange like betfair?
Betfair Trading Strategies - How to get from novice to expert - Peter Webb - Bet Angel. Back to Lay Trading strategy for profit on Betfair. Livetipsportal explains you how to place back and lay bets at betfair and other betting exchanges. What is back and lay in sports betting?
Explanation of the term LAY-BET:
Lay bet is the exact contrary of the well known back-bet bookmakers normally offer.
Bet And Lay Strategies Anchor Chart
To LAY a team, horse, result or any other outcome means to bet AGAINST that selection to WIN. While to BACK means to bet ON a selection to WIN.
The screenshot down shows the following:
- Lay bets (bet against something) are shown in PINK coloured column – marked in RED box
- Back bets (bet On someting) are shown in BLUE coloured column
- Click on the LAY-bet of your choice (e.g. bet AGAINST Chelsea to win @ back-odd of 2.06)
- Your personal betting slip will show your choice (see at the right side of the screen)
- Enter your stake and submit your bet (potential porfit appears at right side)
- you are able to choose your OWN odd at betting exchanges – here it is better to lower the odd shown by clicking on the arrows down from Backer’s odds (see betting slip at right)
Explanation of Screen:
>> RED Box = 1×2 all Lay bets
>> bet AGAINST Chelsea to win – click odd 2.06
>> Insert stake of 10 (see right) – your potential loss is 10.60
>> potential Profit is your stake – here 10
Bet And Lay Strategies Meaning
>> in case Chelsea does NOT win your profit is 10 (no matter if ManU wins or they draw)
ATTENTION:
Placing a single bet
- Laying a bet makes only sense at odds NEAR 1.00 (e.g. at 1.2) – as laying odds at 2.0 or more does not pay off, as you can see in screen avove
- good strategy would be to lay a draw at football at e.g. 88 minutes @ odd 1.2 – f.ex stake 10 (max loss is stake of 2 – if one team scores profit would be 10)
Bet And Lay Strategies Examples
Hedge a bet – your 2nd bet
- Laying a back bet (your 1st bet placed before)
- Precondition to make a profit is that Lay-bet odd is smaller that backed odd – more information see link down…
Find the opposite here – BACK bet
Combine a back and lay bet hedging your bets