Back and lay betting definitions

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Essentially, back and lay betting is a strand of matched betting. The betting exchange is somewhat like the stock exchange in many ways. In the exchange, you can either lay a bet or back a bet. Back betting is where you choose to buy into odds. This simply means you are staking money on an event happening. Lay betting, however, is the opposite. This is where you are effectively betting on an event not to happen. Therefore, you could back one outcome and lay the other — therefore, you are placing money on either event occurring.

Backing and laying may seem complex on the surface, however, if you bear in mind that it is simply placing a bet from every possible angle, matters get a little bit simpler to understand. In a betting exchange, you buy back bets and sell lay bets. Back and Lay Betting System Making the most of a back and lay betting system is where things may start to get a little tricky. The best thing to remember when it comes to these kinds of bets is to try and punt on odds for either system that are very close together.

The closer the betting odds, basically, the more money you will stand to get. Otherwise, your lay odds should generally be lower than your back odds. Placing Back Bets Placing back bets is simple. You pick a market or outcome, check the odds, and place money on whether or not you think that outcome will occur. That, largely, is where the idea of using lay betting alongside came in. However, to get access to the best lay betting opportunities, you are likely going to need to use a betting exchange.

It's often done and dusted before the final whistle too, so it's nice and quick! Lay the draw is a very simple way to get started with Betfair trading and, if you're patient, it can be very low liability. There are plenty of lay the draw strategies to take advantage of at various points during football matches.

Most professional traders use it a great deal, it's a trading strategy that I use almost daily! Click here to read more about lay the draw trading. Lay Bet Calculator Once you have backed or layed a selection and something has happened to move the price, you may wish to exit your bet. For example, if you have backed Man City at 1. On the other hand, if you have layed Man City at 1. You'll then be able to back them at a higher price for less stake to remove your risk.

This is how football betting becomes football trading. Working out your exit stakes can be tricky at first, but our free hedging calculator makes it very quick and easy. Want to trade football profitably on Betfair? Whether you're an experienced football trader or a complete beginner, we have the tools and community expertise you need to find success. Learn how to trade from scratch or transform existing results Follow top professional traders in our LIVE chat room Our Team Stats tool finds suitable trades in minutes Receive LIVE trade alerts by email or Telegram Trade all year round on football matches across the globe We're offering you a fantastic opportunity to finally achieve what you want from trading using our unique research tools, and with the help of the most successful football trading community around