A ‘back' bet is to bet on something to happen while a ‘lay' bet is to bet against a certain event. Let us take a simple example. 1xbet is offering a betting market on Virat Kohli to hit a century in this next match. You can back this if you think Kohli is going to hit a century or you can lay it if you think he will not.
Now you place 6.62 Euros on the Draw which would mean you get the profit of the “back”-bet” of 38.40 Euros (6.62 stake x 6.8 – 6.62 stake = 38.40) in case of a Draw. In case of a Win by either Team A or B you will get your 10 Euros from the “lay”-bet, less the amount of the “back”-bet (10 Euros “lay”-profit – 6.62 Euros “back”-loss = 3.38 Euros clear profit).
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. Both backers and layers in back and lay betting sites bet against each other by agreeing on specific odds of an outcome.
What is back and lay in betfair.com. Most of the punters ask me what is meant by Back (LAGANA) and Lay (KHANA) in betafir exchange, so I decided to write an article about the same. In simple words "back" means we are backing a team/player to win and "lay" on the other hand we understand backing against the team/player to loose the match.
Back lay betting is the main concept behind matched betting and other low-risk trading strategies. It allows punters to make a guaranteed profit without putting their own money at risk. This concept can be quite challenging for matched betting beginners so bookmark this page and come back to it, if necessary.
When Betfair introduced lay betting it was a sort of revolution for punters. Before that you could only place a back betting on bookies such as Paddy Power. Back Betting. Before i go deep into lay betting let’s first understand what is back betting which you normally do on a typical bookmaker site. Let’s take an example of India v SL 1st ...
It’s very simple. When you back your bet, it means that something will happen and if you lay your back it means that something will not happen. Here is an example. Imagine match Manchester - Chelsea. If you back Manchester at odd 3.0 and stake 100, if Man. win you will get 300EUR and 200EUR profit and if Man. lose, you lose.
Back and lay betting is a way of creating a position in a betting exchange market where you are guaranteed to win, no matter the outcome. Think of it like the stock market, where the principle is to buy high and sell low. Or sell low and buy high.