Can you back and lay on the same exchange?

Unlike traditional bookmakers, the Betfair Exchange offers you the ability to take either (or in some cases, both) sides of the bet. You can both Back and Lay on the Exchange, but first you should understand exactly what both terms mean.

What does back and lay mean on exchange?

While in a back bet, you essentially say “this horse will win”, in a lay bet you are betting that a particular horse will not win. Therefore, when you place a lay bet on a horse, you are staking money on it not to win.

Do you get your stake back on a lay bet?

Summary. When you lay a bet, you are betting on something to not happen. If the selection loses then you win the backer’s stake. However, if it wins then you pay the winnings.

How can I get money back and lay?

What you need to do is use the bonus funds to place a bet, backing a certain outcome at a sportsbook. Then, it’s time to use your own money to lay the same outcome at a betting exchange. No matter what happens, you’re going to get profits, the reason being that you’ve placed your money only on the lay bet.

What is back and lay on Betfair exchange?

Back betting means putting your money on something to happen – a horse or a team or a player to win, for instance. Lay betting means betting on something not to happen.

When should you lay a bet?

To lay a bet is to back something not to happen. For example, to lay Manchester United to win their match is to back them NOT to win. If you were to lay them, you would win your bet if they either lost or drew their match.

What happens when you lose a bet?

If it loses, you lose only the $100 that you risked. You always have to risk more on a favorite than you’d win on an underdog…otherwise, sportsbooks would be out of business.

What is a back to lay bet?

The back to lay arbitrage betting strategy is now the most common method of sports betting arbitrage and consists of two bets between a bookmaker and a betting exchange. This strategy allows bettors to back with a bookmaker and then lay the same outcome on a betting exchange for a profit.

How much do you win on a lay bet?

Others will lay first, then look to back the same selection later in-play – that’s called Trading. Laying need not be scary – you are in full control of how much you wish to risk and how much you could win. In a lay bet, you always stand to win the stake of the opposing bet (e.g. £10 (€10) in the examples above).

How are lay odds calculated?

(For those interested to know how lay bet liability is calculated at the betting exchange it is in exactly the same way we calculate normal liability. All you do is multiply your lay stake amount by your lay odds, then take off your lay stake amount).

What does back and lay mean in a betting exchange?

The meanings of back and lay bets are simple to understand. By pitting the customers against one another, a betting exchange gives you the option to lay the bet on an outcome not likely to happen. In betting exchanges, on one side of the bet, there are backers who back an event to happen, and there are layers who lay bets on an event not happening.

Is there a free back lay betting calculator?

Our free online Back/Lay betting calculator calculates the correct Stakes for backing and laying the same selection for the same Net Profit, whether the selection wins or loses. This is commonly known as trading out, greening up or Back/Lay arbitrage.

Can You Back and lay on the exchange?

Punters can both Back & Lay on the Exchange, but first you should understand what both terms mean. What is Backing? This is what you do with traditional bookmakers. If you go to one of our betting partners and strike a bet, you’re backing that bet to win.

When did lay betting start in the UK?

Lay betting is comparatively new in the betting world, however, it’s had a huge impact on the industry since Betfair opened the first betting exchange back in 2000 and made lay betting a possibility. Nowadays, there’s more competition in the exchange industry from the likes of Smarkets and Matchbook.